Hotels News

[Funding Alert] Brij Hotels Bags 4 mn Series A Funding for Strategic Expansion

Cygnett Hotels and Resorts, aiming to become the leading and largest brand in India’s midscale hospitality sector, unveils an ambitious expansion strategy for 2024. Building upon the substantial growth experienced in 2023, especially in the North and North Eastern regions, Cygnett plans to solidify its market presence nationwide. The performance of Cygnett in 2023 has established a new standard for the company. During the year, there was an increase of 15.6 percent in Average Daily Rate (ADR) and a growth of 15.1 percent in Revenue per Available Room (RevPAR). These statistics highlight the brand’s resilient operational strategies and its ability… Read More