Tag Archives: HVS Anarock

Pre-pandemic hotel occupancy by Q3 2022: Mandeep Lamba

Mandeep Singh Lamba, President (South Asia), HVS ANAROCK, has said, “Our prediction is that we should reach pre-pandemic occupancy level around the 3rd quarter of 2022, and RevPar level at 3rd quarter of 2023. Bounce back will start in the middle of next year. As standards of medical fraternity will rise somewhere in the next year, most of the people will be inoculated and hopefully some vaccine will be there,” he said at a recent webinar.

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This is not a great time to sell hotels: Mandeep Lamba

Mandeep S Lamba, President (South Asia), HVS ANAROCK, during a webinar, has advised hotel owners in India to not sell right now. “This is not a great time to sell. But if your cash flows are not holding out and you have no other way of managing it, then there is no option but to sell. Other than that, I would advise everybody to hold on because valuations will be a little depressed if you sell now. So the best advice I can give hotel owners is that if you have the ability to manage your cash flows for the next 12 months, then just hold on,” he advises.

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Post-COVID hospitality will change in terms of design & operations: Mandeep Lamba

Mandeep Singh Lamba, President – South Asia, HVS ANAROCK, has said that the hospitality industry would see changes in terms of design and operations after the COVID-19 crisis is over. Speaking at the third TravTalk Digital Conclave, he said, “There are going to be some permanent changes that will happen in the industry, both in terms of operations of the hotels and in terms of design. We need to understand that this is perhaps not the last time we are seeing a disruption of this kind. It’s a reality which can hit us again, and hence we need to be far better prepared the next time. This crisis has stirred the industry into making some serious changes.”

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Over 60% hotels are preparing to reopen post lockdown: HVS ANAROCK GMs Survey

In its latest General Manager’s Sentiment Survey, HVS ANAROCK has reported that over 60 per cent of the General Managers (GMs) are preparing to open their hotels as soon as the lockdown is lifted this month. The survey suggested that upscale business properties are expected to open sooner than others. The anonymous online survey captured responses of 160 GMs across branded hotels PAN India. 74 per cent of the responding GMs were from the business hotels while rest 26 per cent represent leisure hotels.

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Hotel occupancy decline lowest in India among 5 key Asian countries: HVS

The recently-released HVS ANAROCK monthly newsletter titled ‘Hotels & Hospitality Overview’ reveals that among five key Asian markets – India, China, Malaysia, Thailand and Singapore – India had the lowest y-o-y decline in hotel occupancy for March at 52.9 per cent, while China witnessed the highest at 65.4 per cent. Malaysia, Thailand and Singapore witnessed occupancy declines of 64.7 per cent, 62.6 per cent and 53.6 per cent, respectively, for the said period. The report suggests that occupancies across hotels in key Indian cities witnessed a sharp decline, as travel restrictions intensified and India went into lockdown towards the end of March 2020.

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