Category Archives: Hotels

OYO has announced its entry into the long-term fully managed housing rentals – OYO Living, geared to provide upgraded living experiences at an affordable price for India’s growing population. Perfectly suited for the changing housing needs of India, OYO Living will offer a first-of-its-kind, end to end managed and high-quality living experience that eliminates the hassles of finding, accessing and managing everyday housing. These accommodations are easy to find and easier to live in, where all OYO Living residents can experience the benefits of shared spaces while enjoying financial independence. With this, OYO aims to become the leading brand in the long-term housing rental and accommodations business and the biggest provider of housing in India. At the time of launch, OYO Living will have 35+ live properties, with over 2000 beds in Noida, Gurgaon, Bangalore and Pune, targeted at millennials and young professionals. With most assets currently operating already resulting at full occupancy, OYO Living will aim to expand to the top 10 metros by the end of 2019 and will offer over 50,000 beds. Commenting on the launch, Ritesh Agarwal, CEO & Founder, OYO Hotels & Homes, said, “OYO Living represents our ongoing commitment to continue innovating and creating world-class stay experiences from India. With the launch of OYO Living, we are all set to offer something new while remaining true to our core mission of creating beautiful living spaces. This launch marks a key milestone as we embark on our journey towards becoming India’s biggest provider of housing, consolidating our position as a category innovator and leader.” Piloted in mid-2018, OYO Living offers residents fully managed independent residential units, inclusive of contracting, furnishing, cleaning, maintenance, and in-stay services.

With the growth of the hospitality sector in India, hoteliers are making big investments in the sector for future. According to a report titled Hospitality Insights from the Indian CEO-desk, Tier I cities, primarily Mumbai and Delhi, continue to be the most preferred locations for expansion. However, more than one-third of the respondents did indicate a willingness to invest in Tier II towns to capitalise on the growth of domestic travel. Although most players are not looking for international locations actively, some (especially the larger Indian chains) are open to expanding internationally, provided there is opportunity available.

With over 10 full-inventory – franchised and operated hotels and more than 1100 rooms in 3 emirates – Dubai, Sharjah and Fujairah, OYO Hotels has launched its operations in the United Arab Emirates (UAE). The property is ready to offer the benefits of its full-stack technology-led hospitality model to hoteliers across the country, with room rates starting 150 dirhams. OYO plans to host guests in over 12,000 rooms, 150 Hotels and all 7 emirates across UAE by 2020. According to data from Dubai Corporation of Tourism & Commerce Marketing (Dubai Tourism), overall, Dubai hotel room supply is set to reach 132,000 by the end of 2019. The Dubai Tourism also forecasts the hospitality sector to experience sharp, sustained growth over the coming years, with occupied room nights set to reach 35.5 million annually in 2019, representing a 10.2 per cent compound annual growth rate over the next 24 months. Commenting on the developments, Ritesh Agarwal, Founder and CEO, OYO Hotels, said, “With over 170 countries committing to the World Expo 2020, the hospitality sector in the Middle East, and more specifically the UAE, is poised to grow substantially and with our market learnings and expertise, we are ready to tap this opportunity. We’ve been at the forefront of the budget and mid-segment hotels revolution in the markets we operate in, and can bring in our operational expertise and technology edge to the benefit of independent hotel owners. As per a recent report, Dubai alone will host over 20 million visitors and currently records approximately hotel keys per resident at 29.9 per 1,000 people.” Vartika Goel, Country Lead, OYO Hotels, UAE, said, “The country is an attractive market with sizeable internet …

InterContinental Hotels Group (IHG) has signed a management agreement with Bhumika Enterprises for Holiday Inn Udaipur Urban Square. The 195-room hotel will be the first Holiday Inn hotel in the city and is expected to be operational by 2022. Boasting of an excellent location, Holiday Inn Udaipur Urban Square will be an integral part of the upcoming ‘Urban Square’, an integrated hospitality, retail and family entertainment destination spread over 1.8 million square feet. Sudeep Jain, Vice President—Development, South West Asia, IHG said, “We are delighted to partner with Bhumika Group to mark IHG’s debut in Udaipur, under the Holiday Inn banner. Urban Square is set to develop as a landmark destination for hospitality, retail and family entertainment in Udaipur and we are pleased to be a part of this prestigious development. The Holiday Inn brand family is our growth driver in the midscale hotel segment in India, and we have accelerated our expansion this year with a number of signings across the country.” Uddhav Poddar, Managing Director, Bhumika Group, said, “IHG is a leading hospitality player, globally and we are very pleased to partner with the company to launch Holiday Inn Udaipur Urban Square. We are confident that the Holiday Inn brand will further enhance the bouquet of services that the Urban Square has to offer to travellers.’’  

Hyatt Hotels Corporation has announced an agreement to acquire Two Roads Hospitality. In India, Alila Diwa Goa and Alila Fort Bishangarh are the two properties that belong to Two Roads Hospitality. Through the addition of Two Roads, its established lifestyle brands and the management agreements for the majority of its 85 properties in eight countries, Hyatt will expand its brand presence into 23 new markets while enhancing its offerings in lifestyle hotel experiences and well-being. With Two Roads and its collection of lifestyle hotels, resorts and vacation residences, Hyatt will offer an expanded and more powerful portfolio of brands with best-in-class offerings to deliver compelling experiences and benefits for guests and World of Hyatt members, expand its relationship with valued hotel owners, and drive growth for shareholders. “Hyatt and Two Roads are dedicated to learning from each other and taking the best of both organisations forward,” said Mark Hoplamazian, President and CEO, Hyatt Hotels Corporation. “Two Roads’ passionate team members, strong brands, global footprint and robust development pipeline will expand our lifestyle offerings and grow Hyatt’s brand presence in more places where our guests and World of Hyatt members want to travel.” After the close of the transaction, which is expected later this year, Hyatt will create a dedicated lifestyle division as a catalyst to bring together the operations of Two Roads’ and Hyatt’s lifestyle brands. “Hyatt’s unique position in the marketplace brings with it the powerful benefit of global scale while maintaining meaningful personal relationships with team members, guests and owners,” said Jamie Sabatier, CEO, Two Roads Hospitality.

According to a report titled ‘Hospitality insights from the Indian CEO’s desk’ by CII and PWC, the biggest driver in the growth of domestic travel in India is high disposable income. With the buoyant growth in the Indian economy, the Indian middle class has higher disposable income. This has been identified, by about 94 per cent of the respondents as a key factor for the increased domestic travel across the country. Over 40 per cent of the respondents believed that the increased demand would come from new locations largely due to better access and improved infrastructure. Therefore, a significant supply is being developed and likely to develop at such locations. Higher disposable income is driving domestic tourism. In terms of promotion, all the options available today can be seen online and it is very convenient for customers to access the available options. This has made a huge difference to the industry. Growth in the domestic travel has also accentuated the demand for different categories of hotels. Affordability and quality of experience are key factors in defining this shift away from five star to more budget category hotels. Although travellers value loyalty programmes and promotional schemes, the survey participants do not see it as a key determinant in selecting their accommodation. Other factors that are contributing to the growth in domestic tourism include access to online travel and hotel bookings.

Sarovar Hotels and Resorts has announced its plans to open a hotel in Hargeisa, the capital city of Somaliland, which is a growing economy in East Africa. Ajay K Bakaya, Managing Director, Sarovar Hotels Pvt. Ltd. says, “In order to maximize further growth opportunities in Africa, we are delighted to announce another milestone in Sarovar’s expansion plan. This hotel is located in one of the prime locations of Somaliland close to the getaway port of Berbera and has good connectivity from Hargeisa Egal international airport as well for travellers to the country. Having successfully operated hotels in other countries of Africa, we now look forward to provide our signature hospitality in this growing country as well”. The hotel is very near to Somaliland’s Port of Berbera. There are plans for the port to be upgraded, the country’s commercial hub. Owned by Upper Hill Hotel, Sarovar Premiere Hargeisa, upon completion in 2020 will have a total of 123 rooms and suites; conferencing & meeting, an all-day dining restaurant and a swimming pool.

Tata group’s Indian Hotels Company Limited (IHCL) has retained the iconic Taj Mansingh Hotel after an auction conducted by New Delhi Municipal Corporation (NDMC). “The lease for the property will be granted to the group for 33 years at double the license fees. IHCL will pay a license fee of Rs 7.03 crore per month including GST. Earlier, they were paying Rs 3.94 crore per month as license fee,” a senior NDMC official said. The other bidder in the auction held on September 28 was the ITC group of hotels . The Taj Mansingh was given to the IHCL in 1978 on a lease for 33 years, which ended in 2011. The company has been since given nine temporary extensions. Source: PTI

Revenues from business travellers will grow significantly over the next few years, according to a CII-PwC report. Although MiCE has not been a significant contributor to the Indian hospitality sector so far, this trend is likely to change with better planning as well as improved infrastructure. On the other hand, few CEOs believe that leisure travel will keep pace with growth seen in business travel and MiCE. A large section of leisure travellers continue to perceive hotels as a luxury.

The Indian Hotels Company Limited (IHCL) has announced the signing of a new Vivanta hotel in Kathmandu, marking the entry of the brand in the city. This will be IHCL’s second hotel in Nepal after Meghauli Serai in Chitwan National Park, a UNESCO World Heritage site. Commenting on the signing of this agreement, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, “We are honoured to partner with R&R Hotels and Resorts for this new hotel. Kathmandu is an extremely popular destination and this hotel will help us complete a tourist circuit with Meghauli Serai, our Taj Safari Lodge in Chitwan National Park.” The hotel will have approximately 111 spacious rooms and suites with a selection of rooms offering panoramic views of the city. The hotel will also include all-day dining and specialty restaurants, a bar, banqueting facilities and a spa. Commenting on the partnership, Rahul Chaudhary, Director, R&R Hotels and Resorts, said, “We have had a long standing association with IHCL for a range of hotels in multiple destinations. We are extremely proud to carry this relationship forward with the new Vivanta in Kathmandu.” Kathmandu has been at the centre of Nepal’s history, art, culture and economy. Some of the most popular attractions include the sacred and famous temple Pashupatinath, one of the biggest stupas in the world Boudhanath Stupa and Narayanhiti Palace Museum amongst others.