While supply seems to be preempting demand, Haksar echoes what most in the hospitality segment in the city believe, that Chennai is only just getting its due as the city of the future. It does have much to its credit, if not its weather. It is a hub for automobile makers, IT and other services, medical tourism, manufacturing and pharmaceuticals. "The opening of the hotel," says general manager Phillipe H Charraudeau, is going to catalyse the MICE demand."
MICE, for those not of the hospitality industry, refers to meetings, incentives, conferences and exhibitions, a segment that requires large banqueting areas, which even the Leela has been happy to provide, and which brings in strong revenues.
"The hotels will trigger a demand in the leisure, business and conference segments," Leela general manager Pascal Dupuis agrees. It is a curious coincidence that Charraudeau, Dupuis and Park Hyatt general manager Yann Gillet are all French.