27
Feb
India’s premium hospitality brand The Leela Palaces Hotels and Resorts is banking on a shortage of luxury hotel rooms and sustained spending by affluent travelers to power revenue and earnings growth in fiscal 2027, its chief executive, Anuraag Bhatnagar, has said.Backed by global investment firm Brookfield Asset Management, Leela currently operates 23 hotels across India, including properties under development. The company plans to expand its portfolio to at least 35 hotels over the next five to seven years, though it has not fixed a specific launch timeline.Bhatnagar described India’s luxury consumption cycle as being at a “point of inflection,” driven…
