Category Archives: Hotels

The performance of the Indian hotel sector in 2023 mirrored optimism, with key performance indicators witnessing significant growth. The sector closed calendar year 2023 with a nationwide occupancy rate in the range of 63-65%, up 3-5 percentage points (pp) from the previous year and nearly reaching the pre-pandemic level of 65-67% in 2019. The ARR for 2023 reached an impressive INR 7,400-7,600, which surpassed the figures from 2022 by 21-23% and 2019 by 24-26%, highlighting the sector’s ability to push rates driven by the buoyant demand. The growth in average rates helped RevPAR to reach INR 4,662-4,940 in 2023, indicating a significant increase of 29-31% from 2022 and 19-21% in 2019.

At the inauguration of ITC Ratnadipa in Colombo, Sri Lanka, Sanjiv Puri, Chairman and Managing Director, ITC, said, “ITC Hotels plans to open more hotels in neighbouring countries. The brand which opened 22 new properties in the last 24 months, plans to add another 70 hotels in the next five years in India as part of expansion plans in the hospitality sector.:

Puneet Chhatwal, Managing Director and CEO, IHCL, said, “Re-imagined Gateway, is a full-service hotel offering in the upscale segment, an ideal fit to capture growth opportunities in emerging micro markets in metros and Tier II and Tier III cities. The brand roll-out starting with 15 hotels will commence with launches in Bekal and Nashik.”

Highlighting the inability of hotels in utilizing the increased Floor Area Ratio, Pradeep Shetty, FHRAI president, says, “It is contributing to a gap between the increasing demand fuelled by the escalating influx of airline passengers. However, hotel infrastructure is not growing in Delhi. Addressing these issues would lead to sustainable growth. The current challenges faced by hotels in Delhi regarding the utilization of additional FAR are hindering the sector’s ability to keep pace with the dynamic demands.”

With close to 50 hotels in the pipeline, IHG® Hotels & Resorts, one of the world’s leading hotel companies, will double its operating portfolio in India in next 5 years.  The company recorded strong signing performance in 2023 with 13 deals closed across its brands in luxury, premium and essentials categories, strengthening its footprint in cities such as Gurgaon, Jim Corbett, Mumbai, Amritsar and Goa. Close to 70% of the signings were in midscale and upper midscale segments, which continues to be a growth driver for the company in India, followed by premium and luxury. IHG’s ambitious development pipeline including worldclass brands such as InterContinental Hotels and Resorts, Crowne Plaza, voco, Holiday Inn, Holiday Inn Express and Staybridge Suites underscores the company’s strategic focus on capturing the growing demand for branded accommodations across India and offer diverse hospitality experiences to travellers with different needs. Beyond established destinations, IHG is targeting high-growth secondary markets like  Amritsar, Lucknow, Zirakpur, Kasauli and Katra, while reinvigorating its footing in popular tourist destinations. The past year, IHG also announced the debut of its premium conversion brand, voco in India with a signing in Gurgaon. Powered by the strength and scale of the IHG system, voco offers owners the chance to access the upscale segment quickly. Since the launch, the brand has seen phenomenal success in the country with 4 additional signings in 2023 across key leisure & business destinations such as Jim Corbett, Mumbai, Amritsar and Goa, allowing IHG to further diversify its portfolio to meet evolving guest preferences across the country. Haitham Mattar, Managing Director, India, Middle East and Africa, IHG Hotels & Resorts commented: “We have a long-standing history in India, and we …

A survey by Marriott Bonvoy has found that a majority of Gen Zs and Millennials in Asia Pacific excluding China (APEC) prefer the simplicity of belonging to one comprehensive loyalty travel programme. While 60% of them are actively subscribed to loyalty programs, the challenge of juggling several loyalty programs has led most (57%) to seek out one program that meets all their travel needs.

Palladium Hotel Group is strengthening its international presence with its arrival in the Middle East. The project announced will be carried out in conjunction with Al Marjan and Almal Real Estate Development, an award-winning ultra-luxury developer based in the region. The ambitious project, which attracts more than $100 million in investment, will consist of 442 hotel rooms and residential units. It represents the first international opening for the iconic Ibiza-born brand, which is now to be known as Ushuaïa Unexpected Hotels & Residences, integrating the concept of branded residences with the existing hotel proposition. The hotel and residential facility will be located on Al Marjan Island in Ras Al Khaimah, one of the region’s premier tourist and investment destinations, and will comprise a sophisticated beach club, exquisite restaurant and captivating infinity pool, all situated adjacent to the Wynn Resort Island and overlooking the picturesque Arabian Gulf. Jesús Sobrino, CEO of Palladium Hotel Group, said: “This is a triple milestone for the company, as we announce our arrival in the Middle East and the growth of an emblematic brand for Palladium Hotel Group, as well as the group’s first foray into the branded residences segment. We are proud to be able to carry out this project hand in hand with two partners with whom we are aligned on the concepts of service and entertainment, and therefore we thank Almal Development and Al Marjan for their trust.” Dmytro Starovoitov, Co-Founder, Almal Development, said: “Our new development embodies Almal’s commitment to delivering unmatched luxury and sophistication in the realm of hospitality and entertainment. As a full-service investment and development company, we are excited to bring the brand Ushuaïa Unexpected Hotels & Residences to …

IHCL announced the opening of a Vivanta hotel in Jamshedpur, Jharkhand. Located in the heart of the city, the hotel is a seamless blend of contemporary elegance and local tribal heritage. Speaking on the occasion, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, “We are delighted to unveil Vivanta in Jamshedpur, India’s first planned industrial city. Founded by Jamsetji Tata and named after him, Jamshedpur is also known as Tatanagar due to the presence of multiple Tata companies. This opening will mark the debut of the Vivanta brand and will be IHCL’s second hotel in the city.” With the addition of this hotel, IHCL will have two hotels across Vivanta and Ginger brands in Jharkhand.

Independent Hotels witnessed a 34.5 percent rise in bookings in 2023 compared to 2022 via the Global Distribution System (GDS), according to HotelREZ Hotels & Resorts’ Independent Accommodation Insights Report. Additionally, there was 4.2 per cent increase in reservations compared to pre-pandemic levels in 2019.

The Fern Hotels & Resorts, India’s leading environmentally sensitive hotel chain, is pleased to announce the launch of a new hotel, SKK The Fern-An Ecotel Hotel, Jaisalmer. The company has a total of 16 properties in Rajasthan, operational and shortly opening. The addition of this new property will reinforce the brand’s leadership position in this key market and underline its commitment to impeccable guest experiences. The hotel features 104 well-appointed rooms and offers facilities such as an outdoor swimming pool, fitness center, multiple lawns, and an on-site restaurant. SKK The Fern, Jaisalmer is just a 10-minute drive from the majestic Jaisalmer Fort, making it an ideal stay option in this thriving tourist destination. With a beautiful central courtyard and multiple lawns, SKK The Fern shall be the ideal place to host dream weddings in this Golden City. All the rooms boast an exemplary balance of elegance, sophistication, royalty, and old-world charm blended with modern features and facilities. Suhail Kannampilly, Managing Director, The Fern Hotels & Resorts, commented, “We are pleased to announce the launch of SKK The Fern-An Ecotel Hotel, Jaisalmer. This new hotel will add to our value as a major hospitality brand in Rajasthan. We aim to exceed our guests’ expectations and provide them with a truly unforgettable experience by providing great accommodation, top-notch facilities, and warm hospitality. SKK The Fern promises a delightful and royal stay for anyone visiting this popular tourist city.”