Tag Archives: Hotel Openings

In 2024, India’s hospitality sector shifted focus to tier II and III cities like Amritsar and Bikaner, accounting for nearly half of hotel transactions, as per JLL report. CY 2024 witnessed 42,071 keys in terms of branded hotel signings and 11,352 keys in terms of branded hotel openings. As many as 77 per cent of these signings were concentrated in tier II and III cities.

As per JLL India report, as many as 38 branded hotels comprising 3,293 rooms were opened during Q4 (October-December) 2024. Additionally, December 2024 also saw signings of 99 branded hotels comprising 11,943 rooms with the top six markets experiencing year-over-year increases in both Average Daily Rate (ADR).

Minor Hotels announced the upcoming debut of NH Collection in Spain’s Balearic Islands, with NH Collection Ibiza to launch in April. Sir Joan hotel in Ibiza, recently acquired by AX Partners, will undergo a refurbishment in line with NH Collection’s premium standards before relaunching under the new brand this spring. Following a comprehensive refurbishment in 2017, this current renovation will further enhance both the quality of its facilities and its services, including the gastronomic offering which will feature a new restaurant and cocktail options. With this, the new five-star NH Collection Ibiza aims to become one of the benchmarks of premium tourism in Ibiza, now with the service and benefits of a great brand to provide unique and unforgettable experiences to its customers. Overlooking the port of Ibiza and the old town, the hotel is a meeting point for national and international visitors to the vibrant island of Ibiza. Its privileged location, now combined with the management of Minor Hotels under the NH Collection brand, will position it as a key asset in the premium segment of the Balearic Islands. Second opening in 2025 for the NH Collection brand The launch of this hotel in April will be the brand’s second of the year, following the recently announced NH Collection Alagna Mirtillo Rosso in Italy, which will open its doors in March. This four-star hotel, located in the heart of the Pennine Alps in the village of Alagna Valsesia at the foot of Monte Rosa, is perfect for skiing enthusiasts. Together, these properties will help strengthen the NH Collection brand portfolio, which is celebrating its 10th anniversary this year with nearly 100 hotels worldwide. Gonzalo Aguilar, Chief Executive Officer, Minor …

As per JLL, the Indian hospitality sector continued to witness YoY growth in Q3 2023. Though several hotel openings were slotted, development activity is likely to pick up in this last quarter. Out of 59 hotels comprising 4,669 rooms, 12 are conversions of existing.