New-Delhi based Swift Travel International, a tour company catering to the corporate sector, recently launched Swift Residency- a 150-room mid-range business property in Gurgoan near New Delhi. With plans to launch more business properties in the country and an investment of Rs 400 crore, the company will launch one property each in Mysore, Nainital, Corbett and Bhopal and few properties in Uttarakhand. It aims to operate more than five business properties in the next two years, with an average inventory of 60-70 rooms for each property. To increase the distribution of the room inventory, the company will also launch a B2B portal by December 2009, targeted to cater to the sub-agents’ network and corporate clients.
Speaking about the potential of the hospitality industry, Bharat Rai, Director, Swift Travel International said, “With the boom in the Indian MICE industry, the need for business properties along with serviced apartments is rising. The percentage of small and mid-sized business travellers is much higher than multinational corporates. We are targeting this segment of travellers for our mid-sized business properties. |