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Indian hotels added a record number of rooms in 2023 Now they need to fill those

2024 could match or surpass last year s record hotel room supply additions

Kiran Andicot, regional vice president, South Asia for hotel development at Marriott International said the chain opened 12 hotels, totalling 1,431 rooms, in India last year. Andicot said the numbers for India could be in the same range as in 2023. Jaideep Dang, MD, hotels and hospitality group at JLL, said 2023 was the best year ever in terms of hotel openings.

Indians ready to pay Rs 7 lakh to stay in hotels on December 31: Report

hotel rates: Room on the vroom: Hotel rates hit stratosphere for December 31

Rents at Leela Palaces Hotels & Resorts properties in Delhi, Jaipur and Udaipur are at record highs, a company spokesperson said. The Leela Palace Udaipur, which has no rooms available for December 31, was charging about ₹1,06,200 for a night s stay on Christmas on Booking.com previously.

IHCL s fully renovated Taj Mahal Hotel completes 45 years

After a 2018 public auction by the New Delhi Municipal Council (NDMC), Indian Hotels Company Limited (IHCL), backed by Tata Group, successfully retained ownership of Taj Mahal hotel, colloquially known as Taj Mansingh. IHCL invested nearly Rs 250 crore in the extensive renovation of the property. Despite higher lease rentals, the renovated hotel has restored previous levels of revenue and profits. The revamped Taj Mahal hotel features themed suites, luxury apartments, upgraded dining areas, and enhanced wellness facilities, aligning with evolving customer preferences.

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