Category Archives: Hotels

Spree Hospitality opens its door in Delhi

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.

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Heritage properties in India will grow & we’ll make circuits around them: Parveen Chander Kumar, IHCL

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.

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Premium hotel inventory addition is expected to lag demand and grow at a CAGR of 3.5-4% over the next five years: ICRA

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 …

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FHRAI requests FM for infra status, enhancement of loan repayment period under ECLGS

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.

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Le Murraya Hospitality signs India Sales Associates as their India Representatives

Le Murraya Hospitality Group (LMH) from Koh Samui, Thailand enters India Outbound Travel market by partnering with INDIA SALES ASSOCIATES (ISA Tourism Pvt Ltd) as their India Representatives. Le Murraya Hospitality Group (LMH) operates boutique hotels and resorts, namely- Le Murraya Hotel, Synergy Resort and La Vida Resort and restaurant ownerships as well as other hospitality services. Based in the beautiful island of Koh Samui – these properties offer not only the diverse stay facilities ranging from budget to luxury categories but also a variety of dining experiences, serving the best of Thai favourites, Mediterranean, Western cuisine and with a breath-taking views from the amazing beaches. Speaking on this new partnership, Mr Manas Sinha, Director, INDIA SALES ASSOCIATES said, “Koh Samui is steadily growing as a must visit part of Thailand. It has become a hot favourite amongst Indian guests looking at the wholesome experiences. By presenting these three properties, we are happy to bring a range of options for our valued travel partners. The resorts on their front are very keen to customize servicing, food and other facilities to impart excellent holiday memories to Indian couples and families”. Le Murraya Boutique Hotel, Samui Located in the heart of Chaweng beach and just 15 minutes drive from Samui international airport, Le Murraya Hotel is Thailand’s hippest new hotel with spacious and serviced residence like rooms each with modern amenities and stylish furnishings, is the perfect choice for long and short stay accommodation on this vibrant island get-a-way. The hotel is home to an elegant pool-side restaurant serving the finest in Asian and international cuisine. A fully quipped fitness room is open to guests who like to stay healthy and fell …

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Spree Hospitality widens Maharashtra footprint, opens Spree Hotel in Waluj, Aurangabad

Spree Hospitality is known for its luxurious and elegant hotel chain to live and relax in; spaces that are comfortable and enjoyable in equal measure, now strengthened its footprint in Maharashtra with the launch of the new hotel in Waluj, Aurangabad. Spree Hospitality, part of EaseMyTrip, the portfolio has 30 plus properties across India in the business of Hotels, Clubs and Guest houses with more than 7 hotels in the pipeline. This 4 – star property is located near Waluj Industrial area, 16 km from the airport and 8.7 km from the railway station. Expressing happiness on the latest addition in the portfolio, Vice President of Spree Hospitality Mr. Sagar Khurana said “Spree Hospitality is proud to announce its presence in the vibrant city of Aurangabad which expands our footprints in Maharashtra. We are delighted to partner with Mr. Sandesh Zambad. Aurangabad is a popular tourist hub with UNESCO World Heritage Sites like the Ajanta and Ellora caves. Apart from its cultural and historic significance, Aurangabad is one of the fastest developing cities for business and industry. Waluj Industrial Area was having a huge gap in providing premium Mid-Market Segment Hotel and so with the addition of Spree hotel this gap will get filled. We have already started receiving great response from the close by companies.” Offering guests a comfortable stay and pleasant experience, the hotel feature multi-cuisine restaurant, state -of – the art Banquet Hall for conferencing and social gathering and fitness centre. Spree Hotel Aurangabad soon to open lounge, rooftop banquet hall, board room and rooftop lounge. The hotel boasts aesthetically designed 32 room’s ideal for business and leisure travellers alike categorises namely Executive Room and Deluxe Room …

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