Tag Archives: hospitality sector

Horwath HTL report showed that despite economic challenges and the absence of major events, the hospitality sector saw strong growth, with a national occupancy rate of 63.9%, an Average Daily Rate (ADR) of INR7,951, and a 10.7% RevPAR increase. India added 14,400 chain-affiliated rooms, pushing the total supply past 200,00.

Celebrating its 75 years of leadership in hospitality, Jimmy Shaw, President, HRAWI, said, “We are set to roll out special initiatives and commemorative events throughout the year to elevate the hospitality sector. As we celebrate this milestone, we reaffirm our dedication to promoting growth, advocating for progressive policies, driving sustainability and strengthening India’s position as a global tourism hub.”

Mukesh Kumar Meshram, Principal Secretary, Tourism & Culture, UP, informed that under the Uttar Pradesh Tourism Policy 2022, the state has received investment proposals worth ₹1 trillion in the hospitality sector in the last two years. The proposals were received after the state organised the Global Investors Summit in February 2023.

Sharing his expectations from the Union Budget 2025 for the hospitality sector, Vishal Kamat, Chairman, CII Maharashtra Chapter, said, “Our hopes for the Union Budget 2025 revolve around meaningful policy reforms and strategic incentives to stimulate growth. While we applaud the government’s hefty investments in infrastructure, the hospitality sector needs more than just highways and airports.”

The Ministry of Tourism expects 30.5 million international visitors to come to India by 2028. According to Pradeep Shetty, Vice President, FHRAI,  hotel occupancy rates are anticipated to rise to 75 per cent or higher, driven by increased leisure and business travel and a surge in foreign arrivals. The MICE segment is set to contribute significantly, with India hosting multiple high-profile global events.

Referring to the manpower shortage in the Indian hospitality sector at the FHRAI’s HR Summit, Pradeep Shetty, VP, FHRAI said that many skilled employees have exited the industry after the COVID-19 pandemic. “A workforce gap remains, with an estimated need for an additional 100,000–150,000 skilled workers annually,” he said, adding that with projections for India’s hospitality industry to nearly double by 2029, reaching an estimated value of $475.37 billion, we have tremendous growth potential.

Representation World announced the successful completion of its very first assignment as hospitality consultants, where they had the privilege of guiding Expoinn Suites & Convention Hotel Greater Noida in achieving their prestigious 5-star classification from the Ministry of Tourism, Government of India. This remarkable achievement was accomplished in record time, and Representation World are extremely proud of the hotel’s dynamic team. Barun Gupta, General Manager, Expoinn Suites & Convention Hotel, took on the challenge of transforming the hotel to meet the Ministry of Tourism’s rigorous 5-star guidelines within a year of stepping into his role. Due to his leadership and the dedication of his entire team, that goal has been achieved with flying colors. “We are extremely satisfied with the guidance provided by Vineet Gopal and Manoj Babbar, which helped us implement the right measures to elevate our hotel’s facilities and services to meet 5-star standards,” said Barun Gupta. At Representation World, members are delighted with this outcome. Manoj Babbar and Vineet Gopal are proud to have played a role in this journey, and they extend their heartfelt congratulations to the entire Expoinn Suites & Convention Hotel’s team for their hard work and dedication. This milestone marks the beginning of many exciting ventures for Representation World in the hospitality sector, and they look forward to continuing to deliver top-tier consulting services to future partners.

Jammu and Kashmir administration has unveiled a Draft Tourist Trade Rules, outlining the fees for registration and renewal for hotels, homestays, houseboats, and other hospitality entities. As per the draft, for a hotel or resort of A category five-star deluxe, the renewal fee is set at ₹2 lakh for two years. Fees for other categories range from ₹1.5 lakh for five-star hotels to ₹30,000 for one-star hotels.

With the hospitality sector in India experiencing a significant surge, Sebastien Bazin, CEO, Accor, said, “The country holds a strong place in Accor’s global vision, embodying not just a market, but a place of opportunity and growth. It’s impossible to ignore the immense potential that the country presents in the sector.”

A comprehensive Vision plan for 2024 has been released by FHRAI (Federation of Hotels & Restaurants Association of India) which includes the creation of the Center of Excellence in Tourism and Hospitality and the return of the FHRAI Annual Convention from 16-18 October in Goa. The move aims to elevate industry standards, and cultivate excellence.