Trendsetters – the Munjal family has been at
For Complete IIPM-Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
icket team’s jersey outside his window with tears in his eyes. The jersey goes flying when an aircraft passes over it. Then with a pant of guilt of throwing the Indian jersey, he ran to check out its whereabouts. He feels relieved when he sees the jersey land in a small boy’s hand. The ad ends with smiling face of the old man when he hears the boy screaming ‘Phir Aayega India’.
ent, and plans to roll it out across the country. Raymond Bickson, MD & CEO, IHC says, “Priced at Rs.950 for a single room and at Rs.1,175 for a double room, Ginger hotels have created a new category in the domestic hospitality landscape.” Foreign players are also invading this territory. Accor, Best Western and Days Inn are some of the players looking to go for a kill. Hoteliers are eying budget segment as a stream to diversify their hotel business, with the Indian chains not only steaming up things locally, but also in the global markets. Unlike the other industries, overseas invasion by the Indian hoteliers was initiated almost five decades back.