Category Archives: Hotels

10 out of 11 Indian cities registered increase in average daily rates this year

Ten out of eleven markets registered stability or increase in average daily rate (ADR)s in the first half of the year, according to recent report by leading investment firm, JLL. Mumbai is the leader in absolute RevPAR and Delhi is the leader in RevPAR percentage change in H1 2018 over the same period last year. Raj Rana, Chief Executive Officer- South Asia, Radisson Hotel Group said, “The overall business sentiment in the hotel industry has been high in 2018 and it may well be marked as the beginning of a sustainable upswing. Buoyed by occupancies touching 70 per cent in many markets and average rates registering improvement, the industry seems to be headed in the right direction. Having braved some early headwinds last year, the industry seems to have regained strength on the back of growing demand, slowing down of supply and various initiatives taken by the government.”

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Niraamaya Retreats debuts in North India with Royal Heritage Haveli, Jaipur

Niraamaya Retreats, a collection of boutique properties across India, has announced its first foray in North India to operate and manage Royal Heritage Haveli in Jaipur. Located on the outskirts of the city, the haveli offers unique experiences such as destination cued dining, cooking sessions revealing the secrets of the family’s favourite recipes passed down generations, a hands-on hand-block printing workshop and a private class of Polo at a nearby farm. Elaborating on the expansion, Manu Rishi Guptha, CEO, Niraamaya Retreats, said, “Our entry in to North India is a big step towards establishing a significant pan-India presence for the Niraamaya brand. Each of our properties brings a unique combination of local and cultural activities complimented with the boutique Niraamaya experience. We are delighted to mark our debut in Rajasthan with the iconic Royal Heritage Haveli which has all the hallmarks of a magnificent boutique property which entails a rich heritage, a serene location and most importantly the gracious hospitality of the noble family who interacts with the guests.” Built in the 18th century as a hunting lodge for the Jaipur royal family, the sprawling five-acre property offers 19 spacious suites. Built in the Indo-Saracenic style of architecture, each of the living spaces has a unique character which exudes regal charm and features well-appointed interiors that provide the highest standards of luxury and comfort.    

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Ginger Hotels signs new property in Bharuch, Gujarat

Ginger has signed a new hotel in Bharuch, a key city of Gujarat. The brand is already present in six cities in the state with hotels under development in Surat and Sanand. With this new addition, Ginger will have 10 hotels with a combined inventory of close to 800 rooms in Gujarat. Deepika Rao, Managing Director and Chief Executive Officer, Ginger said, “We are delighted to expand our presence in Gujarat and enter Bharuch by partnering Hotel Sethna Plaza Annexe. The modern day Bharuch is one of the biggest industrial areas in the state. The hotel will be ideally located to cater to the business guests.” With 55 comfortable rooms, an all-day diner, a banquet hall and a fitness centre; the new Ginger is located just a few minutes from the railway station amidst a commercial hub catering to chemical, textile and pharmaceutical companies. The hotel is a management contract and is slated to commence operations in 2019.    

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The Fern Residency opens in Yeshwanthpur, Bengaluru

The Fern Hotels & Resorts has started managing The Fern Residency, Yeshwanthpur-Bengaluru in Karnataka. With this opening, the tally of the hotels managed by the group under The Fern Residency brand goes up to 22 hotels. Located 30 kms away from the Kempegowda International Airport, The Fern Residency, Yeshwanthpur is a mid-scale business and leisure hotel with 64 well appointed rooms. Suhail Kannampilly, COO, The Fern Hotels & Resorts, said, “The Fern Residency, Yeshwanthpur strives to offer excellent services with affordable pricing. I am happy that guests to Bengaluru and local residents will be able to experience our ​services at our second hotel now open in the Garden City.” ​The hotel has large banquet facilities and latest business services​ for the discerning  business traveller​. Guests can enjoy various facilities such as high-speed Wi-Fi, LCD TV, digital in-room safe, in-room tea and coffee, minibar, etc.

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OYO signs MoU with SBI & Bank of Baroda to offer financial fillip for small hotels

OYO Hotels has inked MoUs with the State Bank of India and Bank of Baroda for extending its support to budget hotels and creating jobs across levels. Signed under the aegis of the Pradhan Mantri Mudra Yojna, the MoUs will enable financial support for OYO’s existing and potential hotel partners for fuelling transformation and standardisation at their properties. This will also allow OYO to spearhead the creation of thousands of jobs in Tier II and III cities by nurturing micro-entrepreneurs in the hospitality sector. Speaking on the development, Jayant Chauhan, SVP – Fintech, OYO, said, “We are thrilled to join hands with banking powerhouses – the State Bank of India and Bank of Baroda and achieve the mission of job creation in the country by enabling the youth to emerge as micro entrepreneurs and run their own successful businesses. These MoUs will help us in shortening the demand-supply gap of quality accommodation by offering hoteliers a platform to transform their property and enhance the business by creating beautiful living spaces.’’ As a step towards enabling convenient financing for its asset partners through banks and NBFCs, OYO has also established an in-house Fintech division. These loans will help individuals hailing from Tier II and III cities to be self-employed and run their own budget assets with OYO’s diverse brand portfolio.  

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Bjorn DeNiese to head Mayfair Hotels’ new ‘Business Development’ vertical

Bhubaneswar-based Mayfair Hotels & Resorts has appointed Bjorn DeNiese as Vice President, Business Development. In his new role, he will be responsible for spearheading the group’s future plans as it aims to deploy a new sub-brand into the market. The new vertical will initially keep the focus on the East and subsequently look to make headway to central and Northeast India. The new vertical will be responsible for the further development and expansion of the group which will establish itself through lease, management and franchise models under a yet to be named brand and aims to add on another 100 rooms to the current portfolio of 515 rooms by the end of this financial year and double the number of rooms within three years. Bjorn, who played a significant role in the group’s growth story post 2007, headed the sales, marketing and revenue for the group with key contributions in the setup of central reservations, the restructuring of the sales network and various other technological developments including the soon to be rolled out one touch virtual assistant app enabling bookings, a loyalty program for guests, corporates and agents and an integrated guest feedback system.  

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Hotel industry lauds Govt move to levy GST on invoiced room tariff

As GST applicable on room tariffs created much confusion for the hotel industry and its guests, trade associations had appealed for the rate categorisation for hotels to be done basis the transaction value or actual value rather than on the Declared tariff. The GST was mandated to be levied on the Published tariffs or the Declared tariffs on hotel rooms. However, hotels are known to offer discounts on room tariffs to patrons which alter the Declared rates and which could correspond to a different GST rate as per the prescribed rate slabs on room tariffs. Applying GST rate on Declared Tariff was incorrect and caused confusion for guests. For instance, if declared tariff on a room stay is Rs 8000 and the stay is charged at Rs 5000, hotels are required to levy a GST of 28 per cent instead of 18 per cent. This is unfair and it increases the tax burden drastically. 18 per cent GST is applicable for room tariffs ranging between Rs 2500 and Rs 7500 and tariffs of Rs 7500 and above attract 28 per cent GST.  

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Lords earmarks 30% of portfolio for pilgrimage segment

Lords Hotels & Resorts has broadened its portfolio of hotels to better accommodate the needs of the leisure tourist, the business traveller, the bag-packer as well as the pilgrimage tourist. It will now also target at becoming the fastest growing pilgrimage hotel chain in the country. “Our next big focus is to serve the pilgrimage tourist for whom today the stay options fall largely in the unorganised domain. Out of the 26 properties that we currently operate, 7 are in the heart of such pilgrimage destinations and we are aiming at maintaining at least 30 per cent of our portfolio for pilgrimage tourists. We have identified Katra, Mathura, Vrindavan and a couple others for our upcoming projects dedicated for pilgrimage tourists,” says Rishi Puri, Vice President, Lords Hotels & Resorts. “Our hotels across the country have registered room occupancies in the range of 70 – 75 per cent in the last Financial Year. While there was only a marginal rise in ARR, the RevPAR grew by almost 8-12 per cent. This is an indication of demand outpacing supply and the need for increasing room inventories,” says Mr P R Bansal, Chief Operating Officer, Lords Hotels & Resorts. In the current financial year, the hospitality chain has plans of establishing hotel properties in Kolkata and Bhubaneswar in the East, and in Hyderabad and Chennai in the South. “We have identified potential projects in the East where Lords Hotels & Resorts has not made a mark yet and also in the South where we see tremendous growth in the coming years,” adds Bansal.

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Ginger Hotels signs up new property in Noida

Ginger has announced the signing of a new hotel in Noida, New Delhi’s satellite city. It will be the third Ginger in Noida. Deepika Rao, Managing Director and Chief Executive Officer, Ginger said, “Noida is a commercial hub with presence of some of the world’s largest international companies. We are delighted to partner with Admired Height Projects and expand our presence in Noida.” The new Ginger hotel is a Greenfield project slated to open in 2021. With 119 rooms, an all-day diner, a meeting room and a fitness centre, the hotel will be housed in Paras One 33, a one-stop mixed-use destination on Noida Expressway in Sector 133. It is located a short drive from Greater Noida, Akshardham Temple and with close proximity to major IT hubs. With two existing hotels in Sector 63 and the addition of this new hotel in Sector 133 (Noida Expressway), Ginger will have a combined inventory of about 300 keys in Noida. This takes the count to 15 hotels in the IHCL portfolio in the National Capital Region.  

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276-room Renaissance debuts in Bengaluru

Renaissance Hotels, part of Marriott International, has announced the opening of Renaissance Bengaluru Race Course Hotel, the brand’s first hotel in South India and the fourth in line to join the Renaissance Hotels India portfolio. Reinforcing the brand’s global commitment to design, the hotel features horse-inspired design motifs given its locale; setting the stage for guests to experience unconventional travel. “The hospitality sector is moving forward at a very fast pace and India is a strategic growth market for us right now. Bengaluru as a market is witnessing phenomenal growth, its booming tech scene makes it one of the country’s most dynamic cities with exceptional economic growth and strong business activity,” said Neeraj Govil, Area Vice President – South Asia, Marriott International. “With the debut of the Renaissance Bengaluru Race Course Hotel, guests can experience a global, lifestyle hospitality brand that seeks to inspire, and encourages spontaneous discovery when travelling, be it for business or pleasure,” he said. With 276 modern and artfully designed rooms, the Renaissance Bengaluru Race Course Hotel offers an unsurpassed view of the Bangalore Turf Club. “With a distinct effort to present local experiences in an unusual manner, the Renaissance Bengaluru Race Course Hotel will always have that unexpected surprise waiting for its guests.” said Firoz Jangaria, General Manager, Renaissance Bengaluru Race Course Hotel.

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