Local hoteliers are injecting over US$ 150 mn to spruce up 10,000 unused hotel rooms, as the tourist industry kits up to greet a record 570,000 visitors this season, following 2½ years of ceasefire. Local hoteliers are injecting over US$ 150 mn to spruce up 10,000 unused hotel rooms, as the tourist industry kits up to greet a record 570,000 visitors this season, following 2½ years of ceasefire.
Foreign hotel chains Sheraton
and Hyatt are also jostling for space to put up hotels, in an industry that is
under pressure from a room crunch.
Cutting Costs
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