Stocks

Mac Hotels increases room inventory

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

Mac Hotels has further increased the inventory of rooms. The company, which had an inventory of 52 rooms as of September 30, 2018, has added 15 rooms. The plan is to keep on adding rooms with a target of 500 rooms to maximise occupancy potential, the company said in a statement to the exchanges.

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, it further added. The stock of Mac Hotels jumped 4.36 per cent at ₹119.75 on the BSE.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on August 06, 2019
This article is closed for comments.
Please Email the Editor