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.


Espire Hospitality Expands with Country Inn Launch in Varanasi

Espire Hospitality Expands with Country Inn Launch in Varanasi

By Hariharan U

Published on January 16, 2026

Espire Hospitality Limited, one of India’s fastest-growing hospitality companies, has announced the launch of Country Inn, Varanasi, marking another milestone in the expansion of its Country Inn Hotels & Resorts portfolio. The new opening strengthens the group’s presence in high-potential destinations and reinforces its focus on culturally significant cities.

Situated in the heart of Varanasi, one of the world’s oldest living cities, the hotel is set against the city’s spiritual energy and timeless charm. Designed to offer a balance between contemporary living and warm hospitality, Country Inn, Varanasi provides a calm and comfortable retreat for both leisure and business travellers. Its proximity to the city’s renowned ghats and sacred temples makes it an ideal base for guests seeking convenience alongside comfort.

The property features thoughtfully designed guestrooms with fresh interiors, soothing colour palettes, high-speed Wi-Fi and premium amenities. Guests can also enjoy curated dining experiences at SUTRA By Banaras, the hotel’s multi-cuisine restaurant serving Indian and international flavours in a welcoming indoor and outdoor setting.

Commenting on the launch, Akhil Arora, CEO & Managing Director, Espire Hospitality Limited, said, “Varanasi is a city of unparalleled spiritual depth, shaped by its cultural richness, history and tradition. We are proud to bring Country Inn to this sacred destination, creating a space that reflects the city’s timeless spirit while offering contemporary comfort and our signature warm hospitality.” He added that the hotel aims to offer travellers a modern space to pause, unwind and immerse themselves in the essence of the city.

The opening of Country Inn, Varanasi further adds momentum to Espire Hospitality Limited’s growth journey. The company has recently signed properties in destinations including Rishikesh, Udaipur, Jalandhar, North Goa and Dehradun, and continues to move steadily towards its vision of operating 30 hotels by FY26.

With a diversified brand portfolio ranging from boutique luxury offerings under ZANA Luxury Resorts to the well-recognised Country Inn Hotels & Resorts, Espire Hospitality Limited continues to strengthen its position as a dynamic and fast-evolving player in India’s hospitality landscape.


Sayaji Hotels Launches Enrise by Sayaji in Bareilly

Sayaji Hotels Launches Enrise by Sayaji in Bareilly

By Hariharan U

Published on January 13, 2026

Sayaji Hotels Limited has announced the launch of Enrise by Sayaji, Bareilly, strengthening its footprint in Uttar Pradesh and bringing contemporary hospitality to one of the region’s culturally rich cities. Located at Station Road, Civil Lines, the hotel offers convenient access for travellers, situated just 13 km from Bareilly Airport and 500 metres from Bareilly Railway Station.

The property features 36 well-appointed rooms across four categories, designed to meet the needs of business, transit, and leisure guests. The room mix includes Deluxe Rooms, Superior Rooms, Superior Balcony Rooms, and Suites, each reflecting modern design sensibilities while staying true to Sayaji’s signature “Yours Truly” service philosophy.

Enrise by Sayaji, Bareilly also brings together a diverse food and beverage offering under one roof. Guests can choose from Horizon, a rooftop multicuisine fine-dining restaurant; Momentt, a relaxed coffee shop; 99 Degree, a classic bar suited for evening conversations; and Infinity Club & Bar, positioned as a lively social and celebration space. Together, these outlets aim to make the hotel a dining and social hub for both residents and visitors.

The hotel is equipped with two banqueting venues designed to host weddings, corporate meetings, and social events. Jewel Hall and Crystal Hall offer flexible layouts and capacities, supported by tailored food and beverage services and professional event management, enabling seamless execution for gatherings of varying scales.

Commenting on the launch, Rajendra Joshi, Associate General Manager, Sayaji Hotels, said the Enrise by Sayaji brand has been developed for modern travellers seeking comfort, functionality, and value, adding that Bareilly is a strong addition to the company’s growing portfolio across emerging Indian cities.

Ankur Vig, Managing Director, Unique Complex Private Limited, noted that Bareilly’s rising commercial and travel significance makes the timing of the hotel’s launch particularly relevant, with the partnership aiming to deliver national hospitality standards while staying connected to local sensibilities.

With Bareilly’s increasing demand for organised hospitality infrastructure, Enrise by Sayaji is positioned as a preferred choice for business stays, leisure travel, dining, and social celebrations, reinforcing Sayaji Hotels’ broader strategy of expanding into high-potential markets across India.


IHCL Signs Tree of Life Resort in Sakaleshpur, Karnataka

IHCL Signs Tree of Life Resort in Sakaleshpur, Karnataka

By Hariharan U

Published on January 11, 2026

The Indian Hotels Company Limited (IHCL) has announced the signing of a Tree of Life resort in Sakaleshpur, Karnataka, expanding its footprint in one of the state’s emerging leisure destinations. The signing reflects IHCL’s focus on boutique and experiential hospitality in underexplored markets with strong tourism potential.

Sakaleshpur, known for its plantation landscapes and heritage appeal, is steadily gaining attention as tourism becomes an important economic driver in the region. The destination’s calm setting and natural beauty have led to a growing interest in immersive and personalised stays, especially among travellers seeking quiet, nature-focused getaways.

Commenting on the development, Ms. Suma Venkatesh, Executive Vice President, Real Estate & Development, IHCL, said,
"Sakaleshpur is a pristine destination in Karnataka that blends heritage with plantation landscapes. With tourism emerging as a strong economic driver here, experiential and boutique stays are witnessing growing demand. This signing marks IHCL’s early entry into an underpenetrated micro-market, enabling us to cater to discerning travellers seeking immersive leisure experiences. The Tree of Life resort will strengthen our presence along the Western Ghats and reinforce IHCL’s boutique positioning in this evolving destination belt. We are delighted to partner with Mystica Retreats LLP for this project."

Set amidst the Western Ghats, the 40-key Tree of Life Sakaleshpur is envisioned as a peaceful retreat surrounded by forests and a perennial stream. Staying true to the Tree of Life philosophy, the resort will focus on calm, comfort, and connection with nature. Planned facilities include an all-day dining restaurant, a bar, wellness amenities such as a swimming pool, treatment room, yoga space, and a range of thoughtfully designed guest experiences.

Sharing their views on the partnership, Mr. Sharanabasava Meti and Mr. Kemparaju of Mystica Retreats LLP said,
"We are pleased to partner with IHCL for this project and look forward to creating a unique getaway for travellers seeking a quiet escape."

Sakaleshpur offers a mix of trekking trails, heritage sites, and plantation tourism, with attractions such as Manjarabad Fort, Kaginahare Fort, Bisle Ghat Viewpoint, Jenukal Gudda, and the ruins within the Kaginahare Forest, making it an attractive destination for slow and meaningful travel.

With this signing, IHCL’s portfolio in Karnataka will grow to 34 hotels, including 19 under development, further reinforcing the company’s long-term commitment to the state.

Mystica Retreats LLP is promoted by Mr. Sharanabasava Meti and Mr. Kemparaju, both experienced entrepreneurs with interests across infrastructure, hospitality, real estate, agriculture, cinema, and education. Their collaboration with IHCL aims to create a refined yet relaxed retreat aligned with the destination’s natural character.

IHCL and its subsidiaries bring together a wide range of hospitality brands, offering a blend of Indian warmth and global service standards. With a strong domestic and international presence, the company continues to expand across leisure and business destinations, strengthening its position as India’s largest hospitality company.

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