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LuLu group arm puts 217-room Marriott on block for ₹400 crore

A PE fund has expressed interest in the property near Bengaluru airport, and the deal is expected to be finalized within two months

United-kingdom , Oman , Dubai , Dubayy , United-arab-emirates , India , Bangalore , Karnataka , Kannur , Kerala , Bengaluru , Hyatt-kochi-bolgatty

From Moscow to St. Petersburg, luxury hotels hope for Indian managements

Russian officials have sounded out Tata group’s IHCL and East India Hotels

Petersburg , Sankt-peterburg , Russia , Moscow , Moskva , India , Thailand , Sheregesh , Kemerovskaya-oblast- , Thai , Russian , Patanjalig-keswani

Check-in frenzy: International hotel giants unleash fresh brands in India's booming hospitality landscape

Check-in frenzy: International hotel giants unleash fresh brands in India's booming hospitality landscape
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

United-kingdom , Sri-lanka , Bengaluru , Karnataka , India , Canada , Bangladesh , Australia , United-states , Puneet-chhatwal , Achin-khanna , G-kishan-reddy

Hotel Association of India Focuses on 'Hospitality – The Engine for GDP Growth Employment' at the 6th HAI Hoteliers' Conclave

(This story has not been edited by THE WEEK and is auto-generated from a PTI

India , New-delhi , Delhi , Bharat , Rohit-khosla , Smriti-irani , Harmeet-singh-bedi , Navika-kumar , Amrit-kaal , Achin-khanna , Patu-keswani , Shri-amitabh-kant

6th Hotel Association of India Hoteliers' Conclave Takes Place on 12 February 2024 at The Taj Palace New Delhi

Article - 6th Hotel Association of India Hoteliers' Conclave Takes Place on 12 February 2024 at The Taj Palace New Delhi - Titled 'Hospitality – The Engine for GDP Growth and Employment', the daylong conference will be attended by hospitality professionals, including hotel owners and CEOs, policymakers and professionals from all across the country.

India , New-delhi , Delhi , Bharat , Ajay-bakaya , Kumar-saxena , Amrit-kaal , Nakul-anand , Vikram-oberoi , Rohit-khosla , Puneet-chhatwal , Patu-keswani

Hotel rooms in North East states rise 2.5x as brands check in

Hotel rooms in North East states rise 2.5x as brands check in
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

India , Guwahati , Assam , Siliguri , West-bengal , Arunachal , Tawang , Arunachal-pradesh , Ajayk-bakaya , Nikhil-sharma , Achin-khanna , Anuraag-bhatnagar

India's Covid Nightmare Leaves Its Travel Industry Reeling

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During the last few weeks, India has recorded the highest number of Covid-19 cases this year, with one Covid-19 related death being reported every five minutes — a staggering figure that has left the country in despair.
At present, India has 3,487,229 active cases with more than 300,000 new cases being reported every day since last week. The hard-hit travel industry in India, which was just starting to show some signs of recovery in February and March, is now facing a major challenge.
Source: Visual Hunt/Trinity Care Foundation
Skift Research’s India-based senior analyst Varsha Arora sets out the enormous challenges the travel industry is now facing.

Mumbai , Maharashtra , India , Hyderabad , Andhra-pradesh , New-delhi , Delhi , Pune , Bangalore , Karnataka , Uttar-pradesh , Vinod-kannan

Pandemic takes the glitz out of luxury hotels as business traveling is crippled

Pandemic takes the glitz out of luxury hotels as business traveling is crippled
Synopsis
New projects around the country will reduce the dependence on big city hotels to about 59% by FY25-26. Five years ago, the number was 69%.
Global mobility curbs have crippled business travel — and with it, luxury business hotels from Brisbane to Boston. Leisure destinations worldwide have been slightly more fortunate, with ‘staycation’ demand from WFH (work-from-home) professionals helping prevent that segment of the accommodation industry from foundering.
India isn’t an exception to this global trend. In a report titled ‘Indian Hospitality Stats and Pulse report FY 2021’ shared

Brisbane , Queensland , Australia , India , Indian-hospitality-stats , Wfh , North-america , Luxury-hotels , Hotelivate , Asia-pacific , Achin-khanna

Hotels across segments to take over 2 years to recover from pandemic: Study

The operational performance of hotels in India across the categories including luxury, upscale, midscale and economy is expected to remain depressed for over two years and unlikely to touch the FY19 levels any time soon, according to consulting firm Hotelivate’s latest, Indian Hospitality -- Status and Pulse Report. This comes even as India battles a rapid surge in the total number of active Covid-19 cases and large swathes of the country remain under localised lockdowns. Therefore, the second quarter of FY22 is likely to remain under severe pressure.
While the economy segment is likely to have closed the Covid year with the lowest occupancy, relatively, the midscale hotels witnessed the least erosion, wrote Achin Khanna, Managing Partner, Strategic Advisory and Kush Anand, Analyst-Strategic Advisory at Hotelivate.

India , Kush-anand , Achin-khanna , Managing-partner , Strategic-advisory , Analyst-strategic-advisory , Hotels , Otels-industry , Otel-stocks , Otel-sector , Oronavirus

Hotel occupancy to remain low till FY24 - The Hindu BusinessLine

Hotel occupancy to remain low till FY24
April 18, 2021
Hotelivate sees 18.9% jump in FY22, but says the Covid surge makes forecasting difficult
The hospitality industry could be staring at a lull for at least the next two fiscal years. According to Hotelivate’s
Indian Hospitality — The Sstats and Pulse Report, hotel occupancy may breach the 65 per cent threshold only by FY24, and pre-Covid average daily rate (ADRs) may be achieved by FY25.
Hotelivate, a consultancy firm, has forecast that FY22 will see a hike of a mere 18.9 per cent nationwide occupancy compared to FY21, which closed on March 31, 2021 with 33.8 per cent hotel rooms occupied. This is a de-growth of at least five years in hotel occupancy.

Kush-anand , Achin-khanna , Covid-adrs , Indian-hospitality , Pulse-report , Strategic-advisory , Hotel-occupancy , Remain-low , Covid-surge , Forecasting , Lull