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Mac Hotels Ltd - INTIMATION ABOUT FUTURE PLANS - MAC HOTELS EXPANDS INVENTORY OF ROOMS

| Updated on August 06, 2019 Published on August 06, 2019

The management team of Mac Hotels is making every effort to enable the company take advantage of its enormous growth potential and thus create wealth for shareholders. This objective is being achieved through a slew of measures. One such measure is increasing the inventory of rooms. The company had an inventory of 52 rooms as on 30th September 2018. On 1st October 2018 another 26 rooms were added taking the inventory to 78 rooms. Further on 1st January 2019 another 160 rooms were added taking the total inventory to 238 rooms. On March 27 2019 the company added another 11 rooms and now the company has added another 15 rooms taking the inventory of rooms to 264. The plans are to keep on adding rooms with a target of 500 rooms to maximize occupancy potential.
The company is making strong efforts to increase the average rate per room as well as the occupancy rates which will result in higher revenues and profits.

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Source : BSE - www.bseindia.com

Published on August 06, 2019
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