Word: jained
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...underway for high-level faculty positions. “The student body would have liked it if the administration had worked to bring in some rock star professors to replace the rock star professors that have left,” he said. —Staff writer Niha S. Jain can be reached at nsjain@fas.harvard.edu...
...Staff writer Niha S. Jain can be reached at nsjain@fas.harvard.edu...
...Staff writer Niha S. Jain can be reached nsjain@fas.harvard.edu...
...predicted India would need to add 150,000 new rooms in the next four years to keep up with demand. Now, much like other formerly glowing sectors like retail and real estate, things are rapidly rolling downhill. "Things will slow down primarily due to three reasons," says Sudeep Jain of Jones Lang LaSalle Meghraj, "Due to the economic slowdown, demand has already dipped. The terror attacks led to bookings being cancelled. And due to the credit crunch, fewer deals will be struck so fewer people will be traveling...
Some industry watchers, however, say the slowdown may help existing hotels to stay afloat by delaying commissioning of newer competitors. "Projects that have only just got underway, which are aimed at opening in 2010-11, will be put off," says Jain of JLLM, "They will face constraints in terms of financing and ability to complete projects, as well as downbeat forecast for the sector. This will reduce the pressure on [room rates] by keeping competition down." That may be a relief to some players, but will be small consolation for the industry as a whole...