Category Archives: Hotels

FHRAI has submitted a representation to Arvind Singh, IAS, Secretary, MoT explaining concerns faced by hotels in Gujarat and Chhattisgarh over delay in classification of 1, 2 and 3 star hotels. Pending from the last 3 to 6 months, hotels in these states that are seeking either re-classification or classification of their properties are facing hardships. With licenses having expired or being due for renewal, including that of liquor license, most hotels are not able to renew the licenses due to the delay in the classification process.

Spree Hospitality brings its first resort to Sariska, Rajasthan. Vice President of Spree Hospitality, Sagar Khurana said “Spree Hospitality is proud to announce its presence in Sariska. We remain committed to offering quality stay to our guest. This is our third property in Rajasthan. We are encouraged to sign the resort in Sariska since it is known as an important tourist destination.” Set in the mountain, Spree Resort Sariska comes complete with 46 luxurious rooms designed with the concept of villas and cottages will deliver guests a warm and heartfelt hospitality experience. In addition, the resort also has swimming pool complimenting the panoramic views of the hill, a spa, a gym, a kids’ play area, a restaurant, lounge, and banquet facilities. Guests will be able to enjoy the facilities of resort starting in May 2023. Part of EaseMyTrip, Spree Hospitality is known for offering unsurpassed service, comfort and style while creating meaningful and memorable experiences. Spree Hospitality currently operates 30 plus properties across India in the hotel, club and guesthouse industry with more than 7 hotels under construction.

The Indian wedding industry made ₹3.75 Lakh Crore in November and December, across 32 Lakh Weddings, revealed ICICI Direct.com. This is more than the auto market in India and much larger than the reserves of many countries. The 4 businesses that benefit from the great indian wedding industry are hotels, jewellery, apparel and durable goods, it highlighted.

J K Mohanty, CMD, Swosti Group, has said that Swosti Group is soon unveiling the first five-star premium luxury beach resort Swosti Premium Beach Resorts at Puri, which have been permitted to go up to 13 floors. “The work is going on in full swing and the resort will be inaugurated by Honourable Chief Minister of Odisha in early 2024,” he said.

Sudeep Jain, MD, SWA, IHG Hotels & Resorts, has revealed that in the next 2-3 years, they plan to add another 52 hotels in South-West Asia, out of which 42 hotels will be added to their portfolio in India. “We also see potential of debuting our global brands such as Regent, Kimpton, Voco and the recently launched Vignette Collection, at the right time with the right partners, at the right location,” he claimed.

Spree Hospitality expand its footprint in Delhi, announced the opening of its new luxury hotel, Zip by Spree Hotels Delhi. This 4 – star property is located in Greater Kailash, one of the most sought after and posh residential areas in Delhi, known for its wide selection of attraction, this place is must see for the travellers. Commenting on the opening, Sagar Khurana, Vice President of Spree Hospitality said “We are delighted to extend our Spree Hospitality portfolio in Delhi with the addition of Zip by Spree Hotels Delhi. Delhi is a major business and cultural centre and we remain committed to growing our presence in North India. We are delighted to partner with Mr. Mittal.” Spree Hospitality acquired by EaseMyTrip is fastest growing hotel chain having 30 plus properties across India in business of Hotels, Clubs and Guest house known for its gorgeous interiors and rooms with relaxing ambience. The nearest airport is Delhi International, 19.3 km and railway station, 4.46 km away from the property. The property has 40 cool spaces. The hotel also features all day multi – cuisine restaurant, banquet hall the perfect venue for meetings, seminars and other business functions. Spree Hospitality is set to welcome guests from January 2023.

Parveen Chander Kumar, Executive Vice President – Sales & Marketing, IHCL, has said that the heritage properties in India will continue to grow. “We are seeing a lot of experiential tourism happening. With the MOT also taking this forward, we have endless properties in India that focusing on story telling of the place and some are centuries old.  This is going to continue, and we are making circuits around them as well,” he added.

Notwithstanding the potential impact on demand with further Covid waves, if any, ICRA expects the industry’s revenues and margins to return to pre-Covid levels in FY2023. The demand recovery has been better than expected in the last few months, aided by domestic leisure/transient travel, pent-up demand from MICE (including weddings), and gradual recovery in business travel and foreign tourist arrivals (FTAs). H2 FY2023 is expected to be better than H1 FY2023, with the sustenance of the leisure, transient, and MICE demand and further pickup in business travel and FTAs. ICRA expects pan-India premium hotel occupancy to be 68-70% for FY2023, while the ARR is expected to hover around Rs. 5,600-5,800. The YTD October 2022 occupancy stood at 62-64% while the ARR for 7M FY2023 was only at an 8-10% discount to pre-Covid levels and stood at Rs. 5,000-5,200. A few high-end hotels and leisure destinations witnessed ARR spike to higher than pre-Covid levels over the last 6-9 months. The improved operating leverage, along with the sustenance of cost-optimisation measures, will support margins and cashflows for hotel companies. Vinutaa S, Vice President and Sector Head – Corporate Ratings, ICRA, said, “The healthy demand uptick has resulted in a pick-up in new supply announcements over the last 4-5 months. Further, construction activity in projects stalled post-Covid-19 has also commenced recently. However, the hotel supply pipeline is expected to grow only at a 5-year CAGR of 3.5-4%, adding approximately 15,500 rooms to the pan-India premium inventory of ~94,800 rooms across 12 key cities in India. This will facilitate an upcycle, as demand improves over the medium term while supply will lag demand with a cautious expansion approach by hoteliers and the absence of …

Cross Hotels & Resorts, along with TravClan, has organised an exclusive webinar for travel trade today at 12pm (IST). Those who want to get a chance to win exciting prizes, register with jaspreet.kaur@ddppl.com, or call  +91 9650196532.

Delegates of FHRAI attended a pre-budget meeting chaired by the FM where it put forth requests with special emphasis on granting infrastructure status to the hospitality industry. FHRAI has also requested for continuation of the Export Promotion Capital Goods Scheme (EPCGS) for another 10 years and extension on the repayment period under the Emergency Credit Line Guarantee Scheme (ECLGS) of 10 years or based on the loan repayment period of the principal loan. FHRAI will submit a detailed representation to the FM shortly.