Category Archives: Hotels

The Federation of Hotel & Restaurant Associations of India (FHRAI) has made written representations to the Hon. Minister of Finance Nirmala Sitharaman, the Hon. Minister of State for Finance Anurag Singh Thakur and to the Governor of Reserve Bank of India (RBI) Shaktikanta Das, I.A.S. requesting for an extension of moratorium for additional three months. The hotel industry has made no progress in terms of bookings even after several states unlocked and where hotels resumed operations. The industry has registered average occupancy levels at 10 to 20 per cent. With rental and salary bills, statutory payments and other establishment costs, hotels are finding it unviable to carry on running businesses. FHRAI has informed the Ministry that an extension of moratorium at this time could help hotels restructure existing loans since the process of restructuring is time consuming. Gurbaxish Singh Kohli, Vice President of FHRAI and President of Hotel and Restaurant Association of Western India (HRAWI), says, “For more than four months, hotels and restaurants have remained shut and have earned no revenue throughout the lockdown. There is no improvement in forward bookings and wherever hotels and restaurants have opened, the footfalls are negligible. In addition to the monthly outgoings and the statutory levies, we now have to spend more on employing hygiene and safety measures to follow the SOPs and guidelines issued by the Central and State governments. On account of all this, the debt restructuring plan announced by the RBI for the stressed MSMEs is not going to help the sector. Therefore we have urged that the moratorium be extended by a further three months.”

Thailand’s Dusit International is all set to re-enter the Indian market after the company announced its expansion in India and joined hands with real estate and hospitality major Jain Group. They will together set up a new 126-room property in New Town, Rajarhat, Kolkata by Q2 of 2022 with an investment of Rs 80 crore.

Yatra Online has announced its collaboration with Amazon Business, in an effort to provide hospitality partners with products, catering to the hospitality segment.- Hospitality partners can access over 15 crore products ranging from commercial-grade kitchen appliances, home décor products, large appliances, consumer electronics, office supplies and much more with GST invoice and with discounts linked to bulk volume purchase. Commenting on this association Dhruv Shringi, Co-founder & CEO, Yatra.com, said, “We are glad to announce our association with Amazon Business to help our hospitality partners for all their daily and monthly product requirements. This is another step towards diversification of our portfolio beyond travel. Backed with our extensive network of hotels across India, we are moving ahead to extend our portfolio through seamless integration on the Yatra partner platform. Amazon has been a market leader in the e-commerce space and through Amazon Business, we want to offer an avenue to our partners where necessities are just a ‘click’ away.” Sharing his comments on the tie-up, Peter George, Director, Amazon Business, said, “We are happy to partner with Yatra.com and help its hospitality partners get access to a one stop destination for all their emerging operational needs. Amazon Business marketplace helps business customers conveniently discover and save on over 15 Cr products ranging from commercial grade kitchen appliances, Large Appliances, Home Décor, Office supplies and storage solutions and more with the added advantage of GST invoice for input tax credit and bulk purchase discounts. The partnership will help our sellers reach lakhs of hotels across the country as they kick-start operations again.”     This initiative is live on Yatra’s hospitality partner platform and is available pan-India. Extending the company’s purpose of …

JLL’s Q2 2020 performance trend chart revealed that Mumbai continues to be RevPAR leader in absolute terms despite the decline of RevPAR by 81% in comparison to Q2 2019. All key 11 markets in India witnessed a decrease in RevPAR Performance in Q2 2020 over the same period last year Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 81% in Q2 2020 compared to Q2 2019 Goa saw the sharpest decline in RevPAR in Q2 2020, with a 93.9% decline compared to the same period in the previous year. ‘Vande Bharat Mission’ remains a major demand generator for hotels in key cities. Total no. of signings in Q2 of 2020 stood at 7 hotels comprising of 673 keys, witnessing a decline of 83% of signings in terms of inventory over the same period last year. International hotel operators dominated signings over Domestic operators with the ratio of 63:37 in terms of inventory volume.

InterContinental Hotels Group (IHG) has opened first Holiday Inn of new Gurugram in Sector 90 of the city. Combining business and comfort, the new hotel is equipped with 263 rooms & suites. The hotel will be the first Holiday Inn in New Gurugram & its prime location offers easy accessibility to Manesar, Southern Periphery Road, Dwarka Express Highway & the city centre. The hotel is located approximatively 45 minutes from Indira Gandhi International Airport, 30 mins from Gurugram’s railway station & 30 mins from Huda City Centre Metro station. Holiday Inn Gurugram Sector 90 favours proximity to the industrial hub Manesar and extends towards Binola, Bhiwadi, Bawal & Pataudi. The hotel is an ideal weekend getaway destination for Delhi NCR residents and offers a convenient stopover for tourists covering the ‘Golden Triangle’ of Delhi, Agra and Jaipur. “Holiday Inn Gurugram is the perfect place to create memories,” said Nitinn Sharma, General Manager of Holiday Inn Gurugram Sector 90. “We are excited to welcome our guests and bring them closer to experiencing the world-class facilities. Business and leisure travellers alike can expect their work and comfort needs to be met with all the essentials available at their fingertips.” Guests can enjoy a restful night’s sleep, with each contemporary guestroom offering a refreshing overnight recharge, complete with all the essentials guests need available right in their rooms. Guests can feel right at home in their rooms with multiple charging points, tea and coffee facilities and complimentary Wi-Fi at a standard speed designed to provide a home away from home. Viva- All Day Dining, also featuring a Bar & Lounge, serves Asian, Indian and Western cuisine during all three meal periods with both …

Hotel management company VATS Hospitality and Care is planning to launch new hotels in Agra, Mathura, Patna, Bettiah, Motihari and Ranchi. Sharing information, company’s co-founder & CEO Siddarth Sharma said that they have tied up with three hotels in Vrindavan, Kota and Raxaul Bihar in just a short span of time.

JLL’s Hotel Momentum India (HMI) Q2 2020, has revealed that Goa saw the sharpest decline in RevPAR in Q2 2020, with a 93.9 percent drop compared to the same period in the previous year.

Steve Borgia, CMD, INDeco Leisure Hotels, has said that it was constant innovation and doing what was permissible during the lockdown, that has made them make profit in June, and survive the lockdown. Speaking at the 5th TravTalk Digital Conclave, he said, “After a lot of problems, continuous innovation and continuous cost cuts, we are now comfortable. We launched a number of packages for weddings, local guests, parents of NRIs, young women with babies, as well as for bachelors. All this helped us make profit. We need to constantly transform and innovate, and create a price advantage.”

Himmat Anand, Founder, Tree of Life Resorts & Hotels, has revealed that they managed to do an occupancy of 68% at their Jaipur property in July, and that too at an ARR of Rs.10,700. “At Tree of Life Resort & Spa Jaipur, we did better occupancy than last July. Presently, in August we have 58% booked occupancy,” he said.

HVS ANAROCK’S latest monthly newsletter titled ‘Hotels & Hospitality Overview India’ reveals that Kochi was the top performing market in India in June with negative growth in RevPAR at 50.3 per cent, followed by New Delhi at 72.4 per cent. Bengaluru and Goa were the lowest performers for the month of June 2020.