Investors see room for boom, check into hospitality

Mumbai: India’s hospitality industry is witnessing an inflow of investment that comes with a long-term view, but without much hype. A mix of institutional investors, hotel companies, family offices and wealthy individuals quietly invested in recent months or is in the process of investing about $2 billion (more than `18,300 crore) in hotel properties across the country, according to industry executives and bankers.