Category Archives: Hotels

Bhavik Sheth, CEO, Evoke Experiences, during roadshow announced, “The company is planning on launching 10 more properties across the country in the next financial year to further attract and entice people to their destinations.

Accor signs 30 new properties throughout Asia in June & July 2023. The group continues to expand its dominance across strategic markets with 7,600+ rooms set to be added to the portfolio across its premium, midscale & economy division.

Rajeev Jain, Founder & Director, Rashi Entertainment said, “Unfortunately, trend is leaning towards destination weddings out of India. The hotel rates that were skyrocketing for the last one-and-a-half years have come down a little, overpriced hotel rooms are not selling any more.”

Highlighting the competition in the hospitality market, Deepak Kumar, General Manager, Hilton Mumbai International Airport, said that the competition is so fierce and intense that even after achieving 96 per cent room occupancy, we are sometimes not toppers.”     

According to FCM, Global hotel occupancy in the first quater was 63.3% which is 96% recovered to 2019. In Asia, India had the highest occupancy with Mumbai reaching 101%, New Delhi at 97%, followed by China with Shanghai at 95%, and Beijing at 93%. 

Zubin Saxena, MD and Senior Area VP, Radisson Hotel Group said, “Demand for hotel rooms is very strong, and the supply for hotel rooms is somewhat stable that is what is pushing the average rates up. The average rates are bound to grow and remain this way for the next 12-18 month.”   

Lauding MOT’s the new wedding tourism campaign, Rajeev Jain, Founder & Director, Rashi Entertainment, “We appeal to the MoT to start giving heritage monuments for weddings. Why they have not allowed this is beyond my understanding. We want them to allow weddings at India Gate, Purana Killa, and Hyderabad’s Qutub Minar. This way, weddings will become more experiential and more sought after.”

A Hotelivate 2023 survey data reveals a clear upward trend in the average meeting space as the positioning level of hotels increases. This trend is primarily influenced by hotels with larger inventories having more meeting space (typically the upscale and upper upscale positioning). Globally, luxury positioned hotels tend to have minimal meeting space. That being said, luxury hotels in India, typically in leisure locations, have large meeting spaces to cater to large-scale Indian weddings.

WelcomHotel by ITC Hotels, Rama International, Aurangabad, will host the 38th IATO Annual Convention in Chhatrapati Sambhaji Nagar, from 29 September-2 Oct. The theme of this year’s convention is “Inbound Tourism and Emerging sustainable trends”.

KB Kachru, Chairman Emeritus & Principal Advisor, South Asia, Radisson Hotel Group shared that Radisson Group is setting its sights on growth and have a remarkable number of properties in the pipeline. “Our goal is to build a hotel every four hours both from north to south and from west to east,” he said.