As part of the agreement, Olive Hospitality will develop a pipeline of approximately 2,000 branded hotel keys across key destinations in Andhra Pradesh, including Visakhapatnam, Tirupati, Vijayawada, and Guntur, with a projected investment of around Rs 500 crore from third-party owners and investors. The initiative is expected to generate employment for approximately 700 people. The Andhra Pradesh Tourism Authority will facilitate approvals and clearances, enable access to identified land parcels and tourism zones, extend incentives under the Andhra Pradesh Tourism Policy (2024–2029), and support investor outreach initiatives, said a release.As part of the agreement, Olive Hospitality will develop a pipeline of approximately 2,000 branded hotel keys across key destinations in Andhra Pradesh, including Visakhapatnam, Tirupati, Vijayawada, and Guntur, with a projected investment of around Rs 500 crore from third-party owners and investors. The initiative is expected to generate employment for approximately 700 people. The Andhra Pradesh Tourism Authority will facilitate approvals and clearances, enable access to identified land parcels and tourism zones, extend incentives under the Andhra Pradesh Tourism Policy (2024–2029), and support investor outreach initiatives, said a release.
Olive Hospitality signs MoU with Andhra Pradesh Tourism Authority to develop 2,000 rooms across key tourism markets
