Loading...
You have Successfully logged In !
Already have an account? Login
By clicking Register you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Don't have an account?Register
Enter your E-mail address below, We will send the verification code
Please enter the code send to
Didn't receive the email?Click to resend
Your password has been successfully reset!.
Please login again to access your account.
An OTP has been sent to
Enter the 4-digit code
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.
Discover Luxury Fall Getaways Across Asia with Exclusive Offers
Embrace the season of relaxation with our exclusive fall off...
Al Habtoor Palace Ranks #1 on Tripadvisor for Unmatched Luxu...
Al Habtoor Palace, a distinguished member of the Al Habtoor ...
Ritz-Carlton Bangalore Hosts Traditional Onam Sadhya Feast
The Ritz-Carlton, Bangalore is set to celebrate the festival...
Courtyard by Marriott’s MoMo Café Brings Italy to Mumbai wit...
Craving the authentic flavors of Italy without leaving Mumba...
By Nithyakala Neelakandan
Published on September 19, 2024
Potato Head Bali has been recognized as the best hotel in the world for sustainability at the prestigious Telegraph Hotel Awards. The hotel earned this honor for its exceptional commitment to eco-friendly practices and its positive impact on the local community.
Described as "Hip and Progressive, and creative destination that is as good for the planet and local community as it is for the body, soul, and Instagram account," Potato Head Bali stands out for its forward-thinking approach to hospitality. The hotel’s dedication to sustainability is not just a marketing point but an integral part of its operations and ethos.
This award is a testament to Potato Head Bali’s tireless efforts to promote sustainability, making it not only a luxurious destination but also a leader in environmental responsibility. Their contributions to preserving the planet and supporting the surrounding community make them an example for others in the hospitality industry to follow.
The hotel’s motto, "Good Times, Do Good," perfectly captures the spirit of their mission—offering guests an unforgettable experience while prioritizing environmental and social responsibility. This recognition is well-deserved and highlights their role as a pioneer in sustainable hospitality.
Since its debut in 2011, Home2 Suites by Hilton has become a leader in extended stay accommodations, reaching new heights in the hospitality industry. Celebrating the opening of its 700th hotel and with over 750 more in development, the brand is evolving to meet the changing needs of modern travelers. It aims to provide flexible, comfortable, and memorable stays for both leisure and business guests.
Home2 Suites by Hilton has been recognized as the top Upper Midscale/Midscale Extended Stay brand in J.D. Power’s 2024 North America Hotel Guest Satisfaction Index Study for the second consecutive year. This achievement is a testament to the brand's ongoing commitment to innovation, guest satisfaction, and responsible design. Notably, it was the first Hilton brand to welcome pets and remains a frontrunner in sustainable hotel practices.
The brand’s global expansion continues with properties in key markets across the world. After making a significant entry into the APAC region in 2020, Home2 Suites has 60 locations already open and plans to operate 1,000 properties there. Its expansion into Europe, the Middle East, Africa (EMEA), and Latin America marks a new era for the brand, offering extended stay accommodations to a wider audience.
Home2 Suites is known for its home-like amenities that cater to a broad range of guests, including families, sports teams, and business travelers. Each suite comes with a fully equipped kitchen, outdoor spaces with grills, and an integrated fitness and laundry facility, making long stays more comfortable. The brand also focuses on creating a sense of home with features like Spin2Cycle, where guests can work out while doing laundry, and outdoor firepits for relaxation. These thoughtful touches have helped the brand build loyalty among guests.
In addition to its guest-centric approach, Home2 Suites has become a favorite among developers due to its efficient, cost-effective hotel prototypes. The latest designs offer flexible suite layouts, spacious lobbies for socializing, and a grab-and-go market. The brand recently introduced two new design packages that allow hoteliers to choose from different styles, ensuring each property meets market-specific demands without compromising on quality.
Food and beverage offerings are a key component of the Home2 Suites experience. Each suite has ample kitchen amenities, including a full-size refrigerator, dishwasher, microwave, toaster, and coffee maker. Guests can also request induction burner cooktops at no extra charge. In the U.S. and Canada, Home2 Suites is piloting a new breakfast menu, offering guests more choices and a personalized start to their day. Additionally, its partnership with Grubhub in the U.S. enables guests to order food seamlessly and explore local dining options.
Home2 Suites places a strong emphasis on sustainability. The brand is committed to reducing its environmental impact through energy-efficient building materials, LED lighting, and Energy Star-rated appliances. Guests are encouraged to participate in sustainable practices by using amenities like hydration stations, recycling bins, and electric vehicle charging stations. The brand also played a pioneering role in eliminating single-use plastic containers, offering full-size bath amenities instead.
The brand’s forward-thinking approach allows it to remain competitive and adaptable in a rapidly changing market. As Home2 Suites continues to grow and expand into new regions, it remains committed to innovation, guest satisfaction, and sustainability. By balancing comfort, flexibility, and responsible practices, Home2 Suites by Hilton is positioning itself as a leader in the extended stay sector, and its journey is just beginning.
Fairfield by Marriott Kolkata has taken a notable step towards fostering diversity, equity, and inclusion (DEI) by hiring specially-abled individuals at its all-day dining outlet, Kava. This initiative is part of the hotel’s broader commitment to aligning with Marriott International’s DEI goals, which emphasize being a global leader in creating a sense of belonging for all.
In collaboration with the Sarthak Educational Trust, Fairfield by Marriott Kolkata hired associates who are deaf and non-verbal, bringing their exceptional skills to the forefront at Kava. These specially-abled team members are playing a key role in the restaurant’s success, demonstrating the hotel’s dedication to inclusivity. Despite the challenges they face in communication, these individuals bring an unparalleled attention to detail and passion to their roles, setting a new standard for the hospitality industry.
Fairfield by Marriott Kolkata’s General Manager, Manoj Jangid, expressed his pride in this initiative, stating, "In an industry where communication is pivotal, Fairfield by Marriott Kolkata is setting a new standard by integrating associates with diverse abilities into its team. Their passion to serve others is so inspiring. They’ve brought smiles, warmth, and love to our restaurant Kava. Their employment is not only a testament to their individual skills but also an affirmation of the hotel’s dedication to inclusivity."
The hotel has implemented comprehensive training programs to ensure that the new associates integrate seamlessly into the team. These efforts reinforce a collaborative and respectful workplace culture, benefiting both the employees and guests. This initiative also aligns with the hotel’s belief that embracing diversity enhances the guest experience by fostering a more empathetic approach to service.
The positive impact of this initiative extends beyond the workforce, as it also enriches the overall experience for guests. By promoting a culture of inclusion, Fairfield by Marriott Kolkata not only provides exceptional service but also sets an example for the hospitality industry as a whole.
Additionally, Rohan Sirohia, Founder and CEO of Goodwyn Tea, echoed this sentiment, emphasizing the importance of heartfelt service in the hospitality sector. "Hospitality means serving from the heart. A nicely brewed tea can be made by any hands, but the right aroma comes from the heart that makes it, and that’s what makes them so special," said Sirohia.
Fairfield by Marriott Kolkata’s commitment to diversity and inclusion reflects Marriott International’s global vision. With a focus on creating an inclusive environment, the hotel aims to provide a welcoming space for all individuals, including its employees and guests. This initiative highlights the transformative power of embracing diversity in the workplace and the hospitality industry as a whole.
Stay up-to-date with the latest Hospitality news and trends in the Hospitality industry!
Subscribe to Hospitality news e-magazine for free and never miss an issue.
By clicking subscribe for free you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Advertise With Us
We have various options to advertise with us including Events, Advertorials, Banners, Mailers, etc.
A platform dedicated to showcase the skills and creativity of hospitality professionals. Share your articles, videos and other content related to the industry and get recognized for your unique perspective and expertise. By posting your content and gaining likes from your own community, we'll categorize your talents and expose them to the hospitality world. Join our community of passionate hospitality professionals and let your talent shine!.
Already have an account?Login
By clicking you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Subscribe for ₹2,000 and receive our monthly magazine for one year (12 months) from the coming month and save 2 months cost.