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Hotel industry remains weak: Vivek Nair

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Published on Nov 27, 2012

The hotel industry continues to remain weak due to sluggish tourist and business traffic, says Vivek Nair, vice-chairman, Hotel Leela. He says that while some pick up is expected in the winter months, business may remain slow this season. He adds that Hotel Leela is close to finalising a deal with Reliance Industries to sell a stake in their IT Park.

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