Earlier this year, Hong Kong-based LGBT Foundation released a report that said that if the LGBT (lesbian, gay, bisexual and transgender) community were a country, it would be the world's fourth-largest economy with a GDP of $4.6 trillion.
To cater to this community, the foundation set up by Hornet Networks (a social app for gay men), which has over 25 million members across the world, is planning to launch LGBT Tokens — a cryptocurrency for the queer community. While the cryptocurrency may seem a far-fetched idea, with laws governing them at various stages of development across the world, it definitely is an indication of the large size of the LGBTQ (Q – queer) market.
In just one country – the US – LGBT business owners contribute over $1.7 trillion to the GDP, said a report released in January this year by the National Gay & Lesbian Chamber of Commerce (NGLCC), US's business voice of LGBT.
Headquartered in New Delhi, the company opened its first hotel here in 1988 under the dynamic leadership of Founder Chairman Mr. Lalit Suri, who spearheaded the Group’s unprecedented expansion plans.
Rapid expansion and consolidation of its leadership position continues under the enterprising stewardship of Dr. Jyotsna Suri, who took over as Chairperson & Managing Director in 2006.
All hotels within the group operated under the brand The Grand – Hotels, Palaces & Resorts. It was re-branded as ‘The LaLiT’ on November 19, 2008 as a tribute to the company’s Founder Chairman Mr. Lalit Suri.
The company offers twelve luxury Hotels, Places & Resorts and two mid market segment hotels under The LaLiT Traveller brand offering 2261 rooms.