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.


IHCL Expands Presence in Madhya Pradesh with New Gateway Resort in Pench

IHCL Expands Presence in Madhya Pradesh with New Gateway Resort in Pench

By Nishang Narayan

Published on March 21, 2025

Indian Hotels Company (IHCL), a Tata Group subsidiary, continues its expansion in Madhya Pradesh with the signing of a new Gateway resort in Pench. Partnering with Abhijit Realtors and Infraventures, IHCL is set to bring world-class hospitality to this thriving wildlife and tourism destination.

A Premium Resort Amidst Nature

Spanning over ten acres, the upcoming 105-key Gateway Pench resort will cater to both leisure and business travelers with its array of upscale amenities, including a bar, spa, swimming pool, fitness centre, and meeting venues.

IHCL’s Executive Vice President of Real Estate & Development, Suma Venkatesh, expressed confidence in the project, stating:
"As one of the country’s key national parks, Pench is seeing increasing demand for quality hospitality services. This signing is in line with our strategy of expanding in high-potential tourism corridors."

Strengthening IHCL’s Madhya Pradesh Portfolio

With the addition of Gateway Pench, IHCL’s presence in Madhya Pradesh now totals 15 hotels, including six properties under development.

Abhijit Realtors and Infraventures’ Managing Director, Abhijit Mujumdar, shared his enthusiasm for the collaboration:
"We are excited to partner with IHCL for this resort in Pench and look forward to an immersive hospitality experience in the region."

IHCL’s Rapid Expansion Across India

IHCL has been actively growing its footprint across India. Recently, the company signed an MoU with the Tripura government to develop the Taj Pushpavanta Palace, a five-star hotel. Additionally, IHCL announced two new projects in Ludhiana, Punjab, including the 110-key Gateway Ludhiana Hotel and Ginger Ludhiana with 100 rooms.

With its continued expansion in key tourism and business hubs, IHCL is reinforcing its position as a leader in India's hospitality sector.


Eight Continents Expands with Hanric by Eight Continents Ikshana Luxe, Nainital

Eight Continents Expands with Hanric by Eight Continents Ikshana Luxe, Nainital

By Nishang Narayan

Published on March 21, 2025

Eight Continents Hotels & Resorts is taking luxury hospitality to new heights with the addition of Hanric by Eight Continents Ikshana Luxe, Nainital. Nestled in the breathtaking Kumaon foothills, this exclusive retreat offers guests the perfect blend of tranquility, adventure, and world-class hospitality, just three minutes from Nainital’s iconic Mall Road.

A Luxurious Stay Amidst the Hills

Hanric by Eight Continents Ikshana Luxe, Nainital, is designed to offer a refined yet immersive getaway. Each room is meticulously crafted, featuring plush interiors, upscale amenities, and panoramic views of the surrounding landscape. The property seamlessly combines elegant design with natural beauty, making it an ideal escape for both relaxation seekers and adventure enthusiasts.

At the heart of the experience is the Travel Diaries Café, where guests can indulge in a curated selection of Indian, Continental, and regional delicacies. Evenings are made special with bonfire gatherings under a starlit sky, adding to the charm of this picturesque retreat.

Adventure, Wellness & Cultural Discoveries

Beyond its luxurious accommodations, the property offers access to exciting activities and local attractions, including:

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  • Trekking to Naina Peak for breathtaking Himalayan views
  • Boating on the serene Naini Lake
  • Exploring vibrant local markets
  • Taking a cable car to Snow View Point
  • Wellness and recreational experiences designed for relaxation

A Vision for Elevated Hospitality

Speaking on the expansion, Haninder Sachdeva, CEO of Eight Continents Hotels & Resorts, shared,
"This move is a testament to our commitment to curating unique and luxurious experiences in India's most scenic destinations. With its breathtaking views, exceptional hospitality, and thoughtfully designed spaces, this property is set to become a preferred retreat for travelers seeking both relaxation and adventure in the Himalayas."

Expanding the Eight Continents Legacy

With the addition of Hanric by Eight Continents Ikshana Luxe, Nainital, the brand continues to strengthen its presence across India, delivering unforgettable hospitality experiences in culturally and naturally rich destinations.

For travelers seeking a refined escape with a perfect mix of adventure and comfort, this new boutique luxury retreat promises an experience like no other.


Cygnett Inn Tezpur Wins Top Honour at HVS Anarock HOPE 2025

Cygnett Inn Tezpur Wins Top Honour at HVS Anarock HOPE 2025

By Manu Vardhan Kannan

Published on March 21, 2025

 Cygnett Hotels & Resorts is celebrating a major milestone as Cygnett Inn Tezpur has clinched the prestigious “Best Hotel Award in the Economy & Budget category” at the HVS Anarock HOPE 2025 Global Conference. The recognition highlights the hotel’s ability to deliver exceptional hospitality while staying affordable.

Cygnett Inn Tezpur outshined other prominent finalists, including Ibis Chennai, Ibis Hyderabad, Ibis Thane, and Regency Kanchipuram by GRT Hotels, to secure the award. The HVS Anarock HOPE summit - one of India’s most esteemed hospitality and travel conferences was hosted at Taj Cidade de Goa Horizon, Goa, where industry leaders came together to explore the evolving future of travel and hospitality.

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Sharing his excitement, Mr. Sarbendra Sarkar, Founder & Managing Director of Cygnett Hotels & Resorts, said, “We are thrilled to receive this coveted award, which recognizes the world-class hospitality experiences our brand consistently delivers. Cygnett Inn Tezpur offers an unforgettable ‘CYGNETTURE’ experience for both leisure and business travellers providing our patrons an amalgamation of modern amenities, a strategic location and outstanding culinary indulgence.”

Nestled in the heart of Tezpur, the property offers easy access to cultural landmarks, shopping hubs, and business hotspots, making it a favourite among travellers who value both comfort and convenience. The hotel stands out for its consistent focus on value for money, quality service, safety, excellent dining, and sustainable practices.

Cygnett Hotels & Resorts continues to make waves in the hospitality sector with ambitious plans to expand its footprint to over 100 operational hotels by 2029, redefining affordable luxury in India’s growing hotel market.

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