While hotels were able to attract more guests last year, it might be a challenge for their occupancy rates to keep pace with their rapid addition of rooms
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.
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.
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.
Kolkata's Ambuja Neotia Group has acquired Gurugram's Tree of Life Resorts & Hotels, a boutique hotel chain with 14 locations across India. This strategic move bolsters Ambuja Neotia Group's presence in the hospitality sector, adding 200 keys to its existing portfolio of over 750 keys managed by global brands like IHCL.
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The Pacific Asia Travel Association (PATA) and hospitality consulting firm, Horwath HTL, today announced a joint partnership for the organization of the PATA Investment Forum taking place prior to PAT
The Pacific Asia Travel Association (PATA) and hospitality consulting firm, Horwath HTL, today announced a joint partnership for the organization of the PATA Investment Forum taking place prior to PATA Travel Mart 2015, in Bangalore, India, on Monday, September 7, 2015, from 1400-1730 hours.
Mario Hardy, CEO, PATA, said: “The state of Karnataka and the city of Bangalore have much to offer tourists, with its rich heritage and culture. There is tremendous potential for the responsible development of tourism in the state, which can be achieved with the right investments in place. The PATA Investment Forum will allow travel and tourism professionals in the state the opportunity to learn how to unlock this potential.”