ET Hospitality World magazine talks to John Spence about staying bullish in what some may call a ‘bear’ hospitality market when it comes to acquiring new resorts.
Over the last year, the Karma Group has acquired (and opened) resorts in areas where travel is still possible for Members.
Says John Spence: ‘What we have seen in India and everywhere else in the world, is that when a consumer can go out to eat and drink, when they can take a vacation, when they can enjoy themselves, they will, and do it with more vigour than before.’
The new resorts include Karma Sunshine Village in Bangalore India, Karma Seven Lakes in Udaipur, Karma Salak set in the mountains of West Java in Indonesia and Karma Salford Hall set in the Vale of Evesham in the Cotswolds, UK.
This is only the beginning for there’s more resort openings on the horizon…