Travel, Leisure and Lifestyle

Thursday, December 10, 2009

Where it is now?

Towns like Jalandhar, Ludhiana in Punjab, Jaipur and Agra on the Golden Triangle and such state capitals, heritage and business towns like Ahmedabad, Surat and Nagpur present a unique opportunity for Indian hospitality business to scale up, esp as Indian railways, india's aviation footprint and the road infrastructure will follow in step with the boom.

Note: The Indian Maharaja with TC, Maharajas Express with Cox & Kings, and the other two luxury trains have started first season bookings quite well and money is being spendt to add gym and pool to the Palace on wheels as well ( More here ) Golden Palace started from Bangalore is not doing so well apparently. The Maharajas Express for example is 84 persons at an average of $1000 per night for a 7 day- 8 night tour between Mumbai and Delhi

Cox & Kings is raising an unprecedented 600 crores from the market in a current IPO at absurd valuations despite 10 months receivables as the listed TC is doing so well, other follow up articles on Marriott, Fortune also at http://india.advantages.us


The Cox & Kings IPO opened at a good premium, there is a huge gap..don't bother about the word absurd..i would say it is the hope that Indian tourism will succeed..again if one were to just treble tourist arrivals ( it is not that large a base) and keep the Maharaja's at near complete capacity bookings ( 75%-80% for at least 6 months out of 12) we will all be super rich.

Posted via email from The Marketing Post

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