It has been a challenging time for the hotels industry since the start of the COVID pandemic. However Lemon Tree Hotels has recently acquired a new 52 room hotel in Ahmedabad.
In an interview to CNBC-TV18 Patanjali Keswani CMD of Lemon Tree Hotels said that they have not seen significant cancellations due to Omicron variant and expects the industry to bounce back soon.
He said the company aims to capture 25 percent of the mid-market hotels segment in the next 5 years.
Watch video for entire conversation.