Tier II, III cities see rise in mid-segment hotels

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hotels in the cities had also been triggered by the growing propensity of people living in the tier-two and three cities to "spend more on hotels and holiday packages", said Suresh.

"We are witnessing a ripple effect", said Suresh.

"As the economy takes major strides, fashion, lifestyle and consumer behaviour pattern is changing. This indirectly has led to consumers now opting to go on short vacations and staying in hotels. This change in mindset and desire to go out and spend some time in hotels is driving the growth", he said.

The mid-sized segment was the fastest growing one in the hotel industry and the key players in this field were pumping investment to cash on this growth, he said.