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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.
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.
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By Manu Vardhan Kannan
Published on August 28, 2026
This Raksha Bandhan, Le Méridien Ahmedabad is inviting families to come together for a festive dinner centred around good food, warm hospitality and the special bond between siblings.
The celebration is designed as a relaxed evening where families can take a break from their daily routines, share conversations and enjoy time with each other. The festive spread will bring together a selection of Indian and global favourites, offering something for different generations and tastes.
Adding to the evening will be live music, creating a warm and easy-going atmosphere while allowing families to enjoy their conversations and dining experience at their own pace.
The celebration goes beyond a festive meal, giving families a chance to reconnect, revisit familiar stories and celebrate relationships that remain an important part of their lives. With the warmth of Raksha Bandhan, a selection of favourites and contemporary hospitality, Le Méridien Ahmedabad brings families together around the table for an evening dedicated to togetherness and the enduring bond of siblinghood.
Published on August 26, 2026
ITC Grand Chola, Chennai, has been named the Winner in the Net Zero Water Category at the COOL Conclave 3.0 – Decarbonisation Excellence Awards 2026. The recognition highlights the hotel’s continued efforts in water conservation, resource management and sustainable hospitality.
The award reflects ITC Grand Chola’s approach to making sustainability part of its daily operations while continuing to offer a luxury experience to guests. Its work in water conservation, reuse and efficient resource management has helped the hotel reduce its environmental impact through measurable practices. ITC Grand Chola holds LEED Platinum, LEED Zero Carbon and LEED Zero Water certifications, adding to its position as a leading example of sustainable luxury hospitality.
Beyond its sustainability initiatives, the Chennai hotel is also known for its strong connection with the heritage and culture of Southern India. Spread across eight acres, ITC Grand Chola takes inspiration from the Chola dynasty and the architectural traditions of the region.
Its design includes influences from the Brihadeeswara Temple, Gangaikondacholapuram Temple and Airavateswara Temple, creating a setting that brings together South Indian heritage, craftsmanship and luxury.
The hotel’s iconic Sangam lobby features carved balustrades, engraved stairways and detailed artistic elements, while the Grand Staircase showcases the symbolic Wheel of Life motif. These design elements give guests an experience that connects the hotel’s luxury offering with the region’s architectural legacy.
The latest recognition at the COOL Conclave 3.0 – Decarbonisation Excellence Awards adds to ITC Grand Chola’s sustainability achievements. With continued focus on environmental responsibility, resource efficiency and sustainable innovation, the hotel remains committed to shaping a more responsible approach to luxury hospitality in India and beyond.
Published on August 25, 2026
Courtyard by Marriott Madurai is celebrating its eighth anniversary, marking eight years of hospitality, culinary experiences and strong connections with the city. Since opening in 2018, the hotel has grown alongside Madurai’s tourism, business and hospitality sectors.
The property has built a strong presence among Leisure Travellers, Temple Tourists, Corporate Guests, MICE groups and Wedding celebrations. Over the years, it has continued to adapt to changing guest expectations while focusing on personalized and experience-led hospitality.
Mr. V. Vasudevan, Chairman, said, “Eight years in Madurai is a milestone built on trust, commitment and strong relationships. We are proud to have grown alongside the city and look forward to creating greater value for Madurai’s hospitality landscape in the years ahead.”
The hotel is also seeing strong business momentum in 2026. During the first half of the year, Courtyard by Marriott Madurai recorded 25%+ growth, with occupancy crossing 85%. Hotel revenue grew by 19.9%, while occupancy growth stood at 8.8%.
Mr. C. Muralikrishnan, Managing Director, said, “Our eight-year journey reflects our ability to evolve with Madurai and its changing hospitality landscape. The strong growth this year reinforces our confidence in the city’s potential and our vision for the future.”
Food and beverage continues to be an important part of the hotel’s offering, with Madurai Kitchen becoming a prominent dining destination for both hotel guests and local diners. Its buffet, food festivals, brunches and curated culinary experiences have added to Madurai’s growing premium dining culture. The hotel has also strengthened its presence in the weddings and MICE segment, having hosted 25+ medical conferences, including national and global associations.
Mr. V. Akshay Ram, Executive Director, said, “Hospitality is ultimately about creating experiences that guests remember. Over the past eight years, we have continually evolved our offerings while staying committed to personalized service and meaningful guest experiences.”
Guest loyalty remains an important part of the hotel’s journey, with repeat guests returning year after year. The property also recorded record guest satisfaction in the first half of 2026. Alongside technology-led convenience, the hotel continues to focus on the human connection that remains central to hospitality.
Sustainability has also become part of the property’s daily operations. Its glass-bottle water plant and energy-efficiency initiatives have helped bring annual electricity consumption down from 2,980,550 kWh to 2,908,447 kWh, saving 72,103 kWh despite an 8.8% increase in occupancy and 19.9% growth in hotel revenue. Engineering-led operational practices have also helped reduce HLP costs from 9.4% to 8.4%.
Mr. Mahesh Padala, General Manager, said, “Our eighth anniversary is a celebration of our guests and our associates who make every experience special. The loyalty of our guests and record satisfaction this year inspire us to raise the bar even further.”
As Courtyard by Marriott Madurai enters its ninth year, the hotel will continue to focus on guest experience, F&B innovation, weddings, MICE, technology and sustainability, while growing alongside Madurai and contributing to the city’s evolving hospitality landscape.
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