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Ibis hotel debuts in Hinjewadi, Pune | Breaking Travel News

InterGlobe Hotels and AccorHotels announced the opening of ibis Pune Hinjewadi (IPH). Widely recognized as the IT hub of Pune, Hinjewadi is a leading destination for businesses especially IT and ITES. Over time the location has developed significantly, and today offers a plethora of services and experiences for the national and international traveler.
The launch of ibis Pune Hinjewadi marks AccorHotels’ third property in the city. The hotel’s contemporary design offers unparalleled comfort and convenience.
J.B. Singh, President & CEO, InterGlobe Hotels said, “InterGlobe Hotels is committed to continue its rapid expansion over the next few years in key locations across the country. Specific to Maharashtra, Ibis Pune Hinjewadi is our 5th hotel to commence operations in the state. We also have 3 additional properties within Maharashtra in various stages of development which will be operational by 2021. As a destination, Pune sees a large influx of travelers for business ....

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Hospitality industry revenue to contract 65% this year: JB Singh of InterGlobe Hotels

Hospitality industry revenue to contract 65% this year: JB Singh of InterGlobe Hotels
Even though occupancies are gradually picking up the average room rates (ARRs) continue to remain low (nearly half of the pre-COVID level), which is affecting the revenues of the industry
Manu Kaushik | February 6, 2021 | Updated 00:02 IST
One of the worst hit sectors during the pandemic, hospitality industry is slowly making a comeback. Thanks to the demand from leisure segment and small and medium enterprises (SMEs), the industry is recording occupancies of 40-50 per cent, especially in the organised market.
Even though the occupancies are gradually picking up - from close to 10 per cent during lockdown to 30 per cent in September, and over 40 per cent now - the average room rates (ARRs) continue to remain low (nearly half of the pre-COVID level), which is affecting the revenues of the industry. Take InterGlobe Hotels, which operates 17 properties under the Ibis brand, for ins ....

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Ibis to add over 500 more keys by 2022, sees normal revenues next year

The lifestyle focused mid-segment hotel chain Ibis, a part of the French hospitality major Accor Group, will add over 500 keys across four properties, taking total inventory to over 4,000 by 2022.
While Ibis, since its entry in 2008, operates 3,500 rooms across 19 properties (Ibis & Ibis Styles hotels) spanning 13 cities, its parent Accor operates over 9,500 rooms spread across 51 properties under 10 brands across 21 cities in joint venture with Interglobe Hotels, an arm of holding company of budget carrier Indigo since the past 14 years.
The expansion is focused on three cities Mumbai, Bengaluru and Goa which are already functioning almost at pre-pandemic levels, though the revenue normalisation may take a quarter or two, Sylvain Laroche, director of operations, at Ibis India told PTI. ....

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Budget 2021: Hospitality sector seeks tax relief, infrastructure industry status

Budget 2021: Hospitality sector lays out wish list
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Infrastructure industry status is a measure sought from Union budget
In order to boost domestic tourism, citizens should be allowed to avail LTA benefit for hotel stays too for a period of two years
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The hospitality sector is looking for pragmatic policies, lower taxes and easier compliance measures in the Union Budget on 1 February.
The Hotel Association of India (HAI), which represents 300 hotels across categories, said the industry has suffered an estimated ₹90,000 crore revenue loss in 2020. The organized hospitality sector, which is barely 10% of the entire industry, alone has a debt of ₹45,000 crore. ....

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JB Singh: Travel on InterGlobe Hotels president's mind, he wants to visit Vietnam in the new year

Living off screen
“Travelling and eating out is really high on my to-do list. I also look forward to catching up at business events, industry conclaves, social events and other networking opportunities. While virtual events are efficient and effective, they tend to be transactional and inhibit creativity and deep brainstorming.”
“For travel, close driveable destinations are the most attractive right now. We are planning a quick drive to Jaipur. We also have a home in Uttarakhand which has been out of bounds for a while. I recently spent a week there with family. Goa and Kerala are always fun and therefore high on the agenda. Internationally, Sri Lanka is a favourite the eateries and the beach vibe is just fantastic and Vietnam is on the bucket list.” ....

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