Lemon Tree expects boost from biz travel

Hospitality chain Lemon Tree Hotels expects a strong revenue growth this fiscal year, lifted by a rebound in business travel and expansion across its various hotel segments.

- Varuni Khosla

The positive outlook is underpinned by rising room rates and increasing occupancy levels, the firm said. The firm has also seen a stabilization of key assets like its 670-room Aurika Mumbai hotel, which have helped buoy its revenue.