Retail in Asia

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India needs 150,000 hotel rooms over the next three years

India needs 150,000 hotel rooms over the next three years, two-thirds of which would be for budget traveller segment, to respond to the revival in the tourist industry, India’s tourism secretary Sujith Banerjee said on Thursday.

The inbound tourist traffic "is doing very well. We have positives for January, February and March," Banerjee adds.