Room Rates May Rise In 2014: Rajeev Kaul
  • Elizabeth George
  • Dec 27 2013

December 27: Rajeev Kaul, President at Hotel Leela Venture, says barring resorts, which saw an increase in room rates, metro markets saw an about 5% decline in prices to maintain occupancy levels. Now that occupancy levels have stabilized, we can expect a rise in room rates in 2014, he adds.