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Even as the domestic hospitality sector is back on recovery, global players such as Golden Tulip and Premier Inn are betting big on the budget hotel segment, that boomed during the economic downturn. France-based Louvre Hotels, that operates Golden Tulip brand, and UK's Premier Inn plans to expand their foot prints in India in the next 2-3 years.
"There is a huge scope for us in the budget segment as the moderate-priced hotels is increasingly addressing need of people who want to travel but have cheaper accommodation," Louvre Hotels' President Pierre Frederic Roulot told PTI here.
"We are planning 50 hotels in the next five years. By end of 2010 we plan to open 10 Golden Tulip and Tulip Hotels with 1,200 rooms..." Roulot said, adding that currently, it has three Golden Tulip hotels in Lucknow, Jaipur and Gurgaon. (Watch video)


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