2706 New Rooms Entered in India in H1 2024 in Upscale & Premium Segment- SKYE Report

2706 New Rooms Entered in India in H1 2024 in Upscale & Premium Segment- SKYE Report

By Nishang Narayan

Published on August 6, 2024

SKYE Hospitality, an end-to-end hospitality & strategy consulting company, has released its maiden market analysis on the pulse of the Indian hotel industry for the first six months of 2024. The analysis has shared some interesting insights and perspectives on the Indian hospitality sector.

According to the analysis, 2706 rooms have entered the market in H1 2024. Out of these, 994 rooms (~37%) consisted of upscale rooms, while the remaining (63%) consisted of premium inventories. A total of 22 new projects have opened in H1 2024, with major hospitality brands such as IHCL, ITC, Radisson, Hyatt, ROHL, Bharat Hospitality, and Wyndham contributing to the new projects.

34% of the new supplies were located in the West, followed by the East (28%). The North and South contributed to 26% and 12% respectively. "The Indian hospitality industry is on a strong footing marked by a rise in occupancy, new projects opening, and a bullish pipeline for the future. In the first half, average occupancy in major hotels ranged between 70-75%. Occupancy has risen by around 15-20% compared to the same period last year," quoted Mr. Ankit Kansal, MD, SKYE Hospitality.

"The Indian hotel industry is witnessing a robust rebound backed by a rise in business events, leisure travels, wedding season, etc. Other factors such as the growing trend of staycations, a surge in experiential travel trends amongst millennials & Gen-Z, and a rise in wellness tourism packages are also fuelling demand for hospitality businesses in India. The concept of revenge travel is also there, as most of the hotels operate at 100% occupancy during extended weekends," added Mr. Kansal.

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The government is also playing a pivotal role through concentrated policy efforts to boost infrastructure and introduce numerous attractive schemes. Multiple schemes such as Dekho Apna Desh, Incredible India, PRASHAD, Aayush, etc., have been introduced, helping in hotel demand. There has been notable growth in infrastructure development in the form of highways, railway corridors, and airports, enhancing overall accessibility. Consequently, major hotel brands are now launching new products in territories such as North East, J&K, Andaman, and Lakshadweep. These locations have been relatively less explored in the past.

During the same period, around 243,000 Sq. Ft of hotel-based meeting and banquet space entered the market, as per the SKYE analysis. Eastern parts of India accounted for the highest supplies (47%) followed by the North (25%). The Indian event and meeting industry is growing at a steady rate of 8-10%. India is becoming a reputed MICE destination internationally, stemmed by growth in infrastructure, a rise in the economy, and rich cultural heritage.

Commenting on the future outlook of the industry, Mr. Kansal said, "The next 3-5 years will see aggressive expansion in the industry, as both domestic and international brands will extend their footprint across segments."

Taj is presently working on over 20 projects, while Vivanta is invested in around 50 new projects. International hospitality brand Accor is planning to add 5500 new rooms across various brands such as Pullman, Novotel, IBIS, etc. Oberoi Groups is also planning to add around 50 projects in the next 5 years across Oberoi Hotels and Trident. The group is also planning to introduce a new brand, "Oberoi Nature," which will be a smaller format hotel.


Royal Orchid Expands in Nepal with Regenta Resort and Spa, Chitwan

Royal Orchid Expands in Nepal with Regenta Resort and Spa, Chitwan

By Nithyakala Neelakandan

Published on September 10, 2024

Royal Orchid Hotels Ltd. (ROHL) has announced the opening of its second property in Nepal, the Regenta Resort and Spa, Chitwan. Located by the Narayani River and framed by the Mahabharata Mountain range, the resort is designed for both business and leisure travelers. This follows the success of ROHL’s first property in Nepal, Regenta Place Sabrina.

Chitwan is well-known for its rich wildlife, hosting species like the Bengal Tiger, Rhinoceros, and Leopards. Regenta Resort and Spa, Chitwan is positioned close to Chitwan National Park, a UNESCO World Heritage Site, offering guests easy access to one of Asia’s most well-preserved parks. Besides exploring the park, visitors can also experience the local culture by visiting nearby attractions like Devghat and Chitwan Tharu Village.

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Chairman and Managing Director of ROHL, Chander K. Baljee, shared, “India and Nepal have long-standing connections of history, culture, tradition, and religion. We extend our deepest gratitude to the welcoming communities of Nepal for their support. We have added 481 keys this year, bringing the total to over 6,397. We aim to capitalize on this exceptional location to uplift the hospitality landscape in Nepal.”

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The resort spans 4.6 acres and combines natural beauty with traditional architecture. It features 51 rooms, including Plunge Pool Suites, Quad Rooms for backpackers, and Premium Family Rooms with views of the jungle and river. Guests can dine at the in-house restaurant, PINXX, which offers Nepalese, continental, Indian, and Chinese cuisine.

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Philip Logan, COO of ROHL, remarked, “Tourism plays a significant role in Nepal’s economy, with India leading the inbound market. Regenta Resort and Spa, Chitwan, showcases our commitment to building a robust hospitality ecosystem in the region.”

Alongside accommodation, the resort offers a variety of amenities including a spa with therapeutic treatments, a fitness center, a swimming pool, and indoor and outdoor play areas. It also provides facilities for business events, weddings, and social gatherings, making it a versatile destination for both corporate and leisure guests.


Eight Continents Hotels Expands with Stamps Red Martin in Amritsar

Eight Continents Hotels Expands with Stamps Red Martin in Amritsar

By Nithyakala Neelakandan

Published on September 10, 2024

Eight Continents Hotels and Resorts has announced the addition of Stamps Red Martin to its growing portfolio. Located in Amritsar, this new property offers guests a prime location close to the Golden Temple, key historical sites, and vibrant local markets, making it an ideal spot for travelers who want to explore the city’s cultural heritage.

The hotel features 18 Executive Rooms and 6 Suites, all designed to provide guests with comfort and luxury. Rooms come equipped with modern amenities, including flat-screen TVs, high-speed Wi-Fi, mini-bars, coffee and tea makers, air conditioning, electronic safes, and premium bedding. With its mix of business and leisure offerings, the hotel caters to a variety of travelers.

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Guests can also enjoy dining at the hotel’s all-day restaurant, which focuses on regional culinary traditions. The diverse menu offers a taste of the local cuisine, appealing to both tourists and food enthusiasts.

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“We are excited to bring Stamps Red Martin into our portfolio. This hotel perfectly aligns with the Eight Continents brand, offering luxury accommodations and excellent service in the heart of Amritsar,” said Richa Adhia, Managing Director of Eight Continents Hotels & Resorts. “Our guests will benefit from world-class amenities and have the unique opportunity to stay close to India’s most iconic landmarks.”

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The hotel’s central location places it just 150 meters from the Partition Museum and Jallianwala Bagh, with the Golden Temple only 260 meters away. Visitors can also easily access other attractions such as Sadda Pind, 11.5 kilometers away, and the Wagah Border, 35 kilometers from the property.

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Stamps Red Martin offers a range of services, including a 24-hour front desk, concierge, daily housekeeping, and round-the-clock room service, ensuring a seamless guest experience. The property also has a travel desk to assist with local tours and transportation.

Eight Continents Hotels and Resorts, a global hospitality brand, is known for delivering exceptional guest experiences at luxury properties worldwide. The company continues to expand by adding premium properties to its portfolio in key locations across India and around the world.


Atmosphere Core Hosts Leadership Summit in Mumbai to Chart Future Growth

Atmosphere Core Hosts Leadership Summit in Mumbai to Chart Future Growth

By Nithyakala Neelakandan

Published on September 10, 2024

Atmosphere Core, a leading international hospitality group, held a senior leadership summit in Mumbai on September 5th and 6th to outline its strategic objectives and future vision. The summit brought together the company’s India leadership team, senior executives, and Board members from the Maldives to discuss the group's expansion plans and address challenges in the South Asia market.

The event highlighted Atmosphere Core’s ambitious goal of launching 14 new properties across India in the next three years, aiming to reach 25 properties by 2025. This expansion aligns with the company's vision to become a leader in luxury hospitality, while also fostering growth in local communities.

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Salil Panigrahi, Group Managing Director of Atmosphere Core, shared his thoughts on the summit. “Today’s summit transcended the subject of our mere expansion; what our Leadership team shared was our commitment to crafting a harmonious relationship between our people and properties. Our vision is clear - to cultivate an immersive experience that elevates guest satisfaction while honoring local heritage and sustainability. Second to this, is our commitment to India and bringing employment, local economic growth, and prosperity to the communities we operate within.”

Originating from the Maldives, Atmosphere Core has rapidly grown in the hospitality sector, especially in the Indian Ocean region. The company currently operates nine private island resorts and is known for its ‘Holiday Plan’ concept, which offers all-inclusive luxury vacations. This concept has set a new benchmark in the resort market by offering elevated guest experiences.

During the summit, participants also discussed the evolving trends in luxury hospitality and how to capitalize on new opportunities in the post-pandemic world. The event served as a platform for strategic alignment, as stakeholders examined ways to navigate market challenges and continue the company’s growth trajectory.

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