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2013 Challenging For Hotel Industry: Rajeev Kaul

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December 27: Rajeev Kaul, President at Hotel Leela Venture, admits that 2013 was a challenging year for the hotel industry, with low demand and higher supply due to fresh room inventory. Certain hotspots saw growth but on average, revenue-per-room remained flat, he says, adding that the weak rupee will provide a fillip to growth in 2014.