2706 New Upscale & Premium Rooms in India H1 2024

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.

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.

The Raviz Palace at Leela Ashtamudi Redefines Luxury on Kerala's Shores

By Manu Vardhan Kannan

Published on January 15, 2025

The Leela Ashtamudi, A Raviz Hotel, has introduced its newest luxury retreat - The Raviz Palace. Nestled along the tranquil banks of Lake Ashtamudi, this heritage masterpiece seamlessly merges Kerala’s rich traditions with modern indulgence.

Originally constructed in 1911 (1087 in the Malayalam Era), the palace reflects Kerala’s vernacular architectural style enriched by Dutch and Portuguese influences. Its intricately designed wooden interiors and adherence to Vastu Shastra principles celebrate the region’s cultural wealth.

Guests are welcomed through three distinct modes of arrival: a serene boat ride across the lake, a picturesque drive through Kerala’s lush landscapes, or a private helipad, offering exclusivity from the start. The palace provides stunning views of both sunrise and sunset over the shimmering lake, fostering a deep connection with nature.

The surrounding area, with an air quality index of approximately 30, ensures a serene ambiance for travelers seeking peace and rejuvenation.

B Ravi Pillai, chairman of RP Group, emphasized the vision behind The Raviz Palace, stating, “Our aim is to honor and preserve Kerala’s rich heritage. Through unique experiences, we connect our guests with the traditions and natural beauty of the region. It is our privilege to share this timeless treasure with the world.”

The unveiling ceremony was a prestigious event attended by notable figures, including N.K. Premachandran, Member of Parliament, Mayor Prasanna Earnest, MLA Mukesh. M, District Collector Devidas N. IAS, Tourism Director Sikha Surendran IAS, and several industry leaders.

The Raviz Palace is set to redefine luxury travel in Kerala, offering a perfect blend of culture, history, and indulgence.

Sofitel Mumbai BKC Renews Prestigious Green Key Certification

By Nishang Narayan

Published on January 15, 2025

Sofitel Mumbai BKC has once again upheld its commitment to sustainability by renewing its prestigious Green Key Certification, valid through December 2025. Originally awarded in 2024, when it became the first hotel in India to achieve this accolade, the property has successfully passed the annual audit, reaffirming its dedication to environmentally responsible operations.

The Green Key Certification, bestowed by the National Jury Green Key India and the Centre for Environment Education (CEE), is globally recognized as a leading standard for excellence in environmental responsibility within the tourism industry. The certification mandates strict adherence to criteria established by the Foundation for Environmental Education, ensuring that recipients continuously enhance their green performance each year.

For Sofitel Mumbai BKC, maintaining this certification involves implementing measures such as reducing utility consumption, upgrading facilities, and conducting awareness campaigns aimed at promoting sustainable practices. General Manager Manish Dayya expressed pride in the achievement, stating:

"This certification has inspired us to adopt smarter resource management, minimise waste, and integrate sustainable choices into every aspect of our operations. It’s more than an accolade—it’s our way of ensuring a greener future while delivering the exceptional service and elegance that Sofitel as a brand is known for. For our guests, it’s a promise of a stay that aligns with their values, while offering luxury with a lighter footprint. Together, we’re making every visit a step towards a more sustainable world."

The annual renewal of the Green Key Certification is a testament to Sofitel Mumbai BKC's consistent efforts to develop a sustainable and responsible business model. By meeting and exceeding the rigorous criteria, the hotel ensures it remains a benchmark for eco-friendly hospitality in India.

Guests at Sofitel Mumbai BKC can enjoy a luxurious stay that reflects their values, combining world-class service with a commitment to preserving the environment. This achievement underscores the brand’s philosophy of delivering “luxury with a lighter footprint”, setting a gold standard for sustainable tourism in the region.

WelcomHeritage Natraj Opens Its Doors in McLeod Ganj

By Nishang Narayan

Published on January 15, 2025

WelcomHeritage Natraj, a boutique retreat by WelcomHeritage Hotels, has officially opened its doors in McLeod Ganj, the spiritual and cultural haven fondly called "Little Lhasa." Situated just 200 meters from the residence of His Holiness the Dalai Lama, the retreat offers guests an immersive experience of the region's rich Tibetan and Himachali heritage, set against the backdrop of the majestic Dhauladhar range.

The retreat features 32 thoughtfully designed rooms, each offering a warm and inviting space for guests to relax after exploring the vibrant town. From panoramic mountain views to contemporary amenities, every detail reflects a perfect balance of modern luxury and the warmth of Himalayan hospitality.

Guests can indulge in exquisite dining options that celebrate local and international flavors, or unwind at the stylish bar with its cozy ambiance and stunning mountain vistas. For those seeking relaxation, the hotel offers a temperature-controlled swimming pool, a well-stocked library, and an open terrace with breathtaking views of the surrounding Himalayas.

"At WelcomHeritage Natraj, we are excited to welcome travelers to experience the magic of McLeod Ganj," said Abinash Manghani, CEO of WelcomHeritage Hotels. "We created a space where every visitor's story can unfold amidst the splendor of the Himalayas."

The hotel serves as a perfect base to explore McLeod Ganj’s treasures, such as the Dalai Lama Temple Complex, Bhagsu Waterfall, Nechung Monastery, and the Norbulingka Institute. Guests can also enjoy hikes through picturesque trails or visit bustling markets showcasing traditional Tibetan handicrafts.

Sustainability is at the heart of WelcomHeritage Natraj. The property implements eco-friendly initiatives like water conservation, sourcing local produce, and supporting the community through responsible tourism practices.

Accessibility is effortless, with the retreat located within driving distance of Dharamshala and Pathankot. The Dharamshala (Gaggal) Airport is just 20 kilometers away, complemented by well-connected bus and rail services.

For business and social gatherings, the six-storeyed hotel boasts a 950-square-foot meeting space, complemented by a wide range of conveniences such as 24/7 room service, high-speed internet, complimentary parking, luggage storage, and kid-friendly dining options.

Whether it’s a family vacation, a solo adventure, a trip with friends, or an intimate conference, WelcomHeritage Natraj promises an unforgettable blend of comfort and culture in the heart of the Himalayas. Come, create lasting memories in this enchanting retreat.

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

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The Raviz Palace at Leela Ashtamudi Redefines Luxury on Kerala's Shores

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Sofitel Mumbai BKC Renews Prestigious Green Key Certification

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WelcomHeritage Natraj Opens Its Doors in McLeod Ganj

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