Tag Archives: Hotelivate

Average room rates of two-star hotels increase by 8.5 per cent y-o-y during FY18

Despite registering a decline in occupancy rates, two-star hotels witnessed maximum growth in average room rates (ARR) and increased by about 8.5 per cent y-o-y during FY18, according to a report by Hotelivate. This was followed by three-star hotels that registered a growth of about 5% y-o-y in FY18. 4 star and 5 star D hotels recorded a growth of 3 per cent y-o-y each in average room rates. Five-star hotels, however, registered the lowest growth about 1.8 per cent y-o-y in the group during the year. This may be attributed to the gradual escalation of commercial activity in Tier II and Tier III cities as well as increased domestic travel.

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RevPAR of leisure properties in India outpaces that of urban hotels

In the hotel industry, leisure properties in India continued to outperform their urban counterparts largely as a result of steady demand and higher average rates, as per a latest research by Hotelivate. The RevPAR of Rs 9,235 clocked in 2017-18 by the leisure sub-set was 1.6 times that of the urban sample and 2.4 times the national average. The strong year-on-year performance of the former clearly points towards a healthy demand for such hotels in the country, making investment in leisure properties perceivably more viable than previously thought. The peaks and troughs in demand in leisure locations is smoothening with creative promotions, social events, corporate off-sites, MiCE and group travel serving as fillers. Moreover, the low reliance of leisure hotels on RFPs from corporates that are relatively more sensitive to economic and trade conditions, make them less vulnerable to price wars.

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Hotelivate claims OYO has 176,000 rooms in India and 322,000 rooms in China

OYO currently has close to 176,000 rooms in India and another 322,000 rooms in China, according to a latest analysis by Hotelivate. It has grown considerably in China in just 12 months since January 2018, apart from its home market, India, and other new international markets. Additionally, OYO has a presence in Nepal, Indonesia, Malaysia, the UK, the UAE, and more recently, the Philippines. Totally, OYO has over 515,000 rooms across above 17,000 hotels worldwide, with a goal to be the largest and most preferred hotel chain for the budget mid-scale segment by 2023, globally. For the first time, an Indian hospitality company is growing at an indisputable scorching pace. Skeptics from the ‘traditional’ hotel industry have scoffed at the OYO model, pushing it aside with arguments such as, it is simply an aggregator of budget hotels; it has a poor quality of service; or its deliverables are not comparable with the mainstream hotel industry, as stated by the report. OYO started off as an aggregator back in 2013, but in the past five years, it has evolved into a full-scale hospitality company that operates exclusively franchised and leased assets, growing each day through its innovative model.

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New hotels averaged 66.4% occupancy in 2017-18

New hotels that have commenced operations over the last five years averaged 66.4 per cent occupancy last year, according to a recent study by Hotelivate. While hotels that opened in 2013-14 through 2015-16 consistently displayed stronger occupancies, it dipped slightly in 2016-17 only to show a burly rebound last fiscal. First year ARRs, on the other hand, were more a function of the positioning mix of the new supply across the five-year period. As more budget, economy and mid-scale hotels open their doors for business across the nation, it is only natural that their blended ARRs would be lower than the nationwide average. Overall, absorption of new supply has been robust in recent years and the sector displays signs of being in the pink of health.

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Hotelivate hosts 6th Hotel Operations Summit India at Taj Palace, New Delhi

Hotelivate has kicked off its 6th Hotel Operations Summit India (HOSI) at Taj Palace, New Delhi with stimulating discussions on topics pertaining to the hospitality industry. HOSI, the only dedicated forum for hotel professionals in the region, aims to empower today’s hospitality leaders through enabling conversations on management and operations-related issues, the rapidly evolving marketplace, latest industry trends, benchmarking and best practices. With the focus on increasing the diaspora of the speaker by bringing in leaders from businesses that are intricately tied up with the hospitality industry, the programme encompassed a series of keynote addresses by distinguished speakers and thought-provoking group discussions. Notable speakers included industry leaders such as Anshuman Bapna, Chief Product Officer, Goibibo; Dilip Puri, Founder and CEO, Indian School of Hospitality; Jiggs Kalra, Mentor and Culinary Director, Massive Restaurants; Raj Rana, Chief Executive Officer – South Asia, Radisson Hotel Group; Rattan Keswani, Deputy Managing Director, Lemon Tree Hotels; Navjit Ahluwalia, Senior Vice President and Country Head – India, Hilton; Ritesh Agarwal, Founder and CEO, OYO Rooms; Puneet Chhatwal, Managing Director and CEO, Indian Hotels Company, to name a few.

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Hotelivate partners with US consultant LW Hospitality Advisors

Manav Thadani, Founder Chairman, Hotelivate, announced on the sidelines of the annual hospitality event, Hotel Investment Conference-South Asia (HICSA) 2018, that the company has recently opened an office in Singapore and simultaneously announced a tie-up with American company called LW Hospitality Advisors (LWHA). It is a team of around 45 people with presence in New York, Atlanta, Seattle and San Diego. He says, “This is our fourth month as Hotelivate and we have opened our first office outside of India in Singapore. Stephane Regnault, Managing Director – Asset Management, Hotelivate, heads this office.  So now officially we have seven partner offices and I can start claiming that we are a global company.” The 14th edition of HICSA was held in Mumbai from April 4-5, 2018.

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HICSA 2018 in Mumbai from April 4-5

The annual hospitality event, Hotel Investment Conference-South Asia (HICSA), will be held in Mumbai from April 4-5 at the Grand Hyatt. The first 13 editions was organised by HVS but this year, the conference will be conducted by Hotelivate. Confirming this is Manav Thadani, Founder Chairman, Hotelivate, who reveals, “HICSA is being organised by the Hotelivate team and we have made a few changes to the same. The idea is to make the sessions more interesting and interactive. Firstly, there will be far fewer speakers than before as we have reduced the number of panel discussions and substituted them with more interviews, keynote addresses and master classes. So you will see a lot more interesting speakers at the conference who will talk about their experiences with hotels from their fields. Suhel Seth, Roshan Abbas and Deep Karla are just a few such names.” Thadani adds, “We believe with interest levels in hotels on the rise this year, we will have more people registering for the conference. I also believe that international participation at the event is expected to go up if we are to go by early trends in terms of who all are attending.”

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HVS India to shut operations, will function under Hotelivate

The entire erstwhile team of HVS India will cease to exist under the HVS trademark, and will operate under the new brand identity of Hotelivate. Manav Thadani, Founder Chairman, Hotelivate said, “As HVS, we were able to bring in systems and processes never seen before in the region, and that helped us establish a niche for ourselves as consultants. It’s with great pleasure that we announce the expansive role of Hotelivate, adding more services to our portfolio as we begin a new journey in consulting. A change in name does not change our commitment to excellence and passion for all things hospitality.” Specifically, Hotelivate will assist clients right from inception to divestment of their hospitality ventures, by offering an entire spectrum of services that are focused, practical and tangible value-adds for clients. In addition, some of Asia Pacific’s most successful conferences, previously hosted by HVS, will now continue under the Hotelivate banner. Megha Tuli, Partner & Co-Founder, Hotelivate added, “We are enthusiastic about the road ahead. With a team of consultants having over 250 years of collective experience, Hotelivate is well-entrenched to service client needs through empathetic and tailor-made solutions that are focused on adding value to their projects.” Source: The Economic Times  

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Delhi is the most tourist-friendly destination: WTTCII-Hotelivate

Delhi was declared the consolidated winner in the area of travel and tourism, according to a state survey conducted by World Travel and Tourism Council India Initiative (WTTCII) and Hotelivate. The Capital bagged the Destination Leader Award after an evaluation of 11 key parameters including state expenditure on tourism, tourist visits, presence of branded hotel rooms, GSDP per capita, effectiveness of marketing campaign, urbanisation, road and railway infrastructure, aircraft movement, ease of doing business, and intangible aspects. While it did lag behind in some areas, Delhi aced in most of the categories. Since the Northeastern states did not fare well as compared to other states owing to limited road and air connectivity, Sikkim was declared the winner in terms of overall performance.

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