Tag Archives: Pune

Hotel occupancy gains strength in Delhi and Pune: Horwath

Hotel occupancy in Delhi and Pune crossed 70 per cent, according to a latest report by Horwath on ‘India Hotel Market Review 2018’. Delhi has grabbed the opportunity presented by GST replacing a usurious luxury tax with both hands, the report says. It performed well in all the parameters with occupancy rising to 71.7 per cent, ADRs at 7.5 per cent and RevPAR at 11.6 per cent. Aerocity hotels have fully dialled in – rooms demand, ADR and banqueting. Corporate, MiCE and retail business which chose Gurugram over Delhi because of major tax savings under Luxury tax have shown preference for Delhi once an even playing field was created. Aerocity itself has expanded its commercial spaces. Pune, too, had a good year in 2018, crossing 70 per cent occupancy and pushing through over 7 per cent ADR growth to post 11 per cent RevPAR increase. A solid Tier 1 business city, Pune’s growth can be attributed to MiCE and partly to the shift of some IPL games to this city.

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Holiday Inn Express expands India presence with multiple hotel openings across cities

InterContinental Hotels Group (IHG) has announced the opening of seven more Holiday Inn Express hotels from the IHG-SAMHI partnership. The hotels are spread across Pune, Hyderabad, Nashik, Ahmedabad and Bengaluru. With the latest announcement, 10 Holiday Inn Express hotels from the IHG–SAMHI partnership are now open across the country. IHG and SAMHI entered a partnership in 2017 to rebrand 14 hotels (approximately 2000 rooms, operating and under construction) in India to Holiday Inn Express hotels. All hotels in the portfolio were closed while they were being refurbished and upgraded with the latest design directives, to ensure the portfolio is fully representative of the Holiday Inn Express brand globally. The new Holiday Inn Express hotels are located strategically providing easy accessibility to local shopping centres, tourist attractions and business hubs. Promising unparalleled comfort and convenience to the guests, all newly-opened hotels offer well designed, contemporary rooms with a range of in-room amenities, service culture and feature the brand’s signature ‘Great Room’, a dynamic space to socialise as well as relax and unwind. Vivek Bhalla, Regional Vice President, SWA, IHG said, “The Holiday Inn Express brand has gained tremendous momentum in the country and we have also made significant progress towards our commitment to strengthen our mid-scale portfolio in India. We are confident that all newly opened Holiday Inn Express hotels in partnership with SAMHI, will successfully cater to the needs of the modern business and leisure travellers, across cities.” Ashish Jakhanwala, Founder, MD & CEO, SAMHI, added, “We began this journey with IHG in 2017 when we signed an agreement for 14 Holiday Inn Express hotels in India. With the opening of 10 Holiday Inn Express hotels from the portfolio, across seven …

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ADR for Indian mid-scale hotels crosses Rs 3,000 for the first time

The Average Daily Rate (ADR) for Indian mid-scale hotels crossed 3,ooo for the first time in 2018, according to a latest report by Horwath on ‘India Hotel Market Review 2018’. Mumbai is the only market at the top right hand corner – unfortunately, it fell back from strong occupancy position, without materially gaining in ADR. Several occupancy shifts have been in the negative direction. Bengaluru, Goa and Jaipur dropped Occ between 2.7 pts and 4 pts. Bengaluru is particularly surprising because there is no supply growth in this segment. Bengaluru and Goa at least made up on the ADR front; the former added over Rs 300 to comfortable cross the Rs 3k level. Goa ADR growth was more modest but is now pushing the Rs 4k level. Jaipur dropped rate as well – only Rs 60 but that’s material when one is in the low Rs 2k level. Delhi, Gurugram, Pune and Chennai moved up to the right, gaining both Occ and ADR. Occupancy gains varied from 0.8 pts to 1.5 pts; while ADR gains spread significantly between 3.3 per cent and 12.6 per cent. Improving product quality at the mid-scale level (e.g. the revitalised Ginger and Park Inn by Radisson) could enable improve performance for this segment. It really needs Occ growth in key markets to compensate softer initial period results from smaller cities and towns in which this segment must penetrate.

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Lemon Tree to operate 85 hotels by FY2021: Rattan Keswani

Lemon Tree Hotels will be operating 85 hotels with 8,674 rooms across 57 cities by FY2021, informed Rattan Keswani, Deputy Managing Director, Lemon Tree Hotels and Director, Carnation Hotels. He said, “This year, we have enjoyed very high occupancy, close to 79 per cent. We have opened a few properties this year, including Dehradun, Pune, Siliguri and Morjim. We should be able to open an owned hotel in Mumbai, followed by Kolkata. Then we should be able to open a managed property in Kalina, Mumbai.”    

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Lemon Tree Hotels opens 201-key hotel in Pune

Lemon Tree Hotels has announced the formal opening of Lemon Tree Premier, City Center, Pune. Comprising over 7,000 sq ft of modern banquet space, including large conference rooms and an open business centre, for meetings and events, this is its first ‘premier’ property in the state of Maharashtra and second ‘owned’ hotel in Pune city. Speaking on the launch, Mahesh Aiyer, Sr Vice President-Operations (South & West), Lemon Tree Hotels, said, “We are pleased to open our second and most anticipated property in the heart of Pune city. Known for its landmarks as well as noteworthy businesses, educational institutions and manufacturing companies, Pune has always been an important nerve centre of Indian culture and economy. With this hotel opening, we further strengthen our footprint in this demand-dense market. We expect to make a mark by offering a high-quality stay experience with our impeccable service and great price.”

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Jet Airways to launch Pune-Singapore direct daily from December 1

Jet Airways is set to commence daily non-stop services from Pune to Singapore starting December 1, 2018. The new service will make Jet Airways the first airline to connect Pune directly with Singapore. The flight from Pune to Singapore, 9W 22 will depart Pune at 05:10 hrs (IST) and arrive in Singapore at 13:15 hrs (LT). On the return leg, flight 9W 21 will depart from Singapore at 21:00 hrs (LT) and arrive in Pune at 00:05 hrs (IST). To celebrate the launch of the new flight, Jet Airways has announced special ‘introductory’ return Economy fares from Pune, starting at Rs 23,999 only, as also a Premiere fare of INR 66,999. Guests can book tickets and enjoy attractive savings with these special fares, with the sale from October 24-31, 2018. These inaugural fares are applicable for journeys commencing from December 1, 2018 onwards. Raj Sivakumar, Senior Vice President–Worldwide Sales & Distribution, Jet Airways, said, “Jet Airways will be the first Indian airline to provide direct connectivity between Pune and Singapore. Singapore has seen over 36,000 visitor arrivals from Pune in 2017, which is the highest for an Indian city without a direct flight. The launch of this new non-stop, daily service will benefit both leisure and business travellers, as Singapore is one of the most popular destinations for tourists from Pune.” The new frequency will offer guests from Pune convenient connections to Auckland, Bangkok, Brisbane, Jakarta, Denpasar-Bali, Hanoi, Phuket, Jinjiang, Medan, Kuala Lumpur, Melbourne, Manila, Nadi, Penang, Perth, Phnom Penh, Shanghai, Yangon, Ho Chi Minh City, Surabaya and Sydney through two-way flights operated by codeshare partners, via Singapore.  

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GPS Pune opens on a resounding note

After successful shows in seven cities across the country, the concluding Global Panorama Showcase (GPS) of 2018 opened at JW Marriot Hotel Pune with over 600 attendees. The first day of the event was inaugrated by GB Srithar, Regional Director – South Asia & Middle East, Singapore Tourism Board; Sunil VA, Regional Vice President – ISC, Oman Air; Sanjay Rao, Aviation Consultant; Vishal Bhatia, Country Manager – India, VisitBritain and Dev Karvat, Founder – TrawellTag & CEO, Emerging Markets, Covermore Group.  

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IndiGo to connect Lucknow to Pune and Goa from July

Marking a milestone of being the first airline to launch Lucknow-Goa and Lucknow-Pune sectors to its network, IndiGo has announced the introduction of its maiden flights effective July 2018. IndiGo will operate a daily non-stop flight between Lucknow-Goa-Lucknow and Lucknow-Pune-Lucknow respectively. Continuing the low-cost carrier’s expansion in the domestic skies, IndiGo’s average daily departures will now be 25 flights out of Lucknow to 13 destinations. The introduction of these flights will further strengthen the airline’s operations, and will provide enhanced connectivity between Lucknow and other key cities with all-inclusive fares starting from Rs 3999. Sanjay Kumar, Chief Commercial Officer, IndiGo said, “We are pleased to announce the launch of these two sectors from Lucknow, which will further provide more flexibility of choice to our customers. We are providing affordable fares on these new routes for 6E travellers. It is our constant endeavour to provide the best travel experience to our customers, as IndiGo continues to offer them on-time, courteous and hassle-free service and an affordable flying experience always.”

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Thomas Cook India opens forex outlet in Pune

Thomas Cook (India) has identified Maharashtra as a significant growth market for its foreign exchange business and to leverage this opportunity, it has opened a branch at Hinjewadi, Pune. Hinjewadi, one of the India’s largest Special Economic Zones (SEZ), is home to India’s corporate houses and MNCs, including top IT majors. Via its new outlet, the company aims at harnessing this significant yet underleveraged opportunity for its foreign exchange business. The new branch takes the total foreign exchange network for the company in Pune to six and and 30 in Maharashtra. The outlet will also offer prepaid travel cards. Thomas Cook India also has a forex app. Mahesh Iyer, Chief Executive Officer, Thomas Cook (India) Ltd said, “Maharashtra has been identified as a key source market and Pune is a strong growth driver that continues to deliver over 30% YoY for our Foreign Exchange business. We have hence selected the prime location of Hinjewadi for our new outlet in Pune- its viable catchment of consumers across families, young professionals and business travellers offers us significant opportunity.”  

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