Category Archives: Hotels

In a recent interview, President and CEO of InterGlobe Hotels says, “We enter 2020 with enthusiasm and hope. We have 6 hotels with a total of approximately 1000 rooms under active development and are currently pursuing some very promising fresh deals in Pune, Goa, Mumbai, Hyderabad and Bengaluru. We expect the operating performance to generally improve as the fundamentals of the industry remain strong with a slowing supply graph and an improving demand curve which has historically been in the 8-10% range.”

Goldstone Hotels & Resorts has spread its wings in the state of Bihar as the brand is set to launch two new properties; one at Motihari which will open next week and the other one in Patna, which will be unveiled in the next 15 days. Sandeep Singh, Managing Director Goldstone Hotels says, “The brand’s presence in the state was long due and we aim at having at least 7 more properties in Bihar by the end of this financial year to cater to every segment of clientele.”

The Hotel Momentum India report by JLL revealed that 15% of new hotels signed in Q3 2019, in India were conversions of old hotels. The report also highlighted that domestic hotel operators signed more properties than international hotel operators with the ratio of 67:33.

In a recent report released by JLL India, Hotel Momentum India (HMI) Q3 2019, 19 branded hotels with 1256 rooms open in Tier II & III cities in the third quarter of this year. However, Tier I cities opened 3 branded hotels with 218 rooms and signed 2 branded hotels with 74 rooms. The reports also shows that 4 luxury hotels were signed during the same quarter consisting 282 keys.

In a recent interview, Atul Jain, COO, Best Western Hotels & Resorts, India, Bangladesh & Sri Lanka, said, “Best Western is already one of the most popular international hotel brands in India, and apart from reinforcing its presence, we’re also focussed on opening hotels with other brands in the portfolio to show that we have much more to offer. We have been experiencing a remarkable growth and penetration into diverse markets in India in the past three years, and we hope to gather more pace with the opening of ten more hotels in the next six months that will take our tally to 2,000 operating keys. This would be followed by the opening of over 1,000 keys in the pipeline. The new hotels shall operate under Best Western, Best Western Plus, SureStay Plus and SureStay Hotel by Best Western brands in locations across India.”

Marriott International and Prestige Group has announced the signing of agreements to open six new hotels across India. Under the agreement, Prestige Group would build new hotels across the W, JW Marriott, Tribute Portfolio and Moxy brands across India’s Southern belt, representing nearly 1,000 rooms across four brands. Prestige Group, plans to open the W Bengaluru, Tribute Portfolio Resort Bengaluru, Tribute Portfolio Hotel Kochi Maradu, JW Marriott Bengaluru Prestige Golfshire Resort & Spa, Moxy Chennai and Moxy Bengaluru, all ofwhich are expected to open between 2021 and 2025.

STR’s hotel pipeline data for the Asia Pacific region showed 2,039 projects accounting for 450,231 rooms in construction as of October 2019. This represented a 20.7% year-over-year increase in the number of rooms in the final phase of the development pipeline.  Five countries reported more than 20,000 rooms under construction including India where 24,892 rooms are under construction showing a growth of 8.3% over last year.

Bengaluru recorded highest RevPAR % change in Q3 2019 over the same period last year with 11%, followed by Gurugram with 9.5% and Hyderabad with 6.9% RevPAR change. The Hotel Momentum India (HMI) report for Q3 2019 has revealed that 9 out of 10 markets in India recorded an increase in RevPAR Performance in Q3 2019 over the same period last year. Mumbai came out to be the winner all across when it comes to RevPAR in absolute terms.

The highest occupancy for Financial Year 2018-19 (FY 2018-19) for Indian hotels was in February 2019, with an average occupancy of 81% in 5-star hotels and 77% in 5-star deluxe hotels, according to a report by CARE Ratings. November 2018 saw the second highest occupancy with 80% average occupancy for 5-star hotels and 72% for five-star deluxe hotels. In December 2018, 79% average occupancy was recorded for 5-star hotels, while 69% was recorded for 5-star deluxe hotels.

WelcomHeritage (WH) has opened its latest property—WH Inderpura Resort, which is situated on Delhi road State highway 37B at Udaipurwati of Jhunjhunu District in Rajasthan. With an inventory of 21 rooms, the property is situated on 1.75 acre land at the foothill of Aravalli range. Sanjeev K Nayar, GM, WelcomHeritage shared shared, “The addition of this property is part of our strategy to expand and open more properties in the current financial year. Rajasthan has such abundance of cultural properties and we are extremely lucky to find few of such gems and add in our existing portfolio. Udaipurvati is a beautiful location with a vivid historical importance. The picturesque location of the property and the cultural heritage of the city promise to give a perfect holiday experience. Moreover this property has close proximity to Delhi/NCR, we expect to see the business flow from this part of the country on a higher pace, especially in weekends.”