Hospitality Industry Poised for a Successful Summer Season in 2023

Hospitality Industry Poised for a Successful Summer Season in 2023

By Author

Published on June 30, 2023

Industry experts predict that the hospitality sector will experience significant improvement in 2023 compared to both 2022 and the pre-pandemic year of 2019. Despite soaring airfares and room tariffs, the Indian hospitality industry is set to have its best-ever summer season, with tourists continuing to visit popular destinations.

Aashish Gupta, Consulting CEO of the Federation of Associations in Indian Tourism & Hospitality (FAITH), highlighted the widespread boom across destinations and tourism markets during this first full year after the Covid-19 pandemic. Travel activities are expected to be 20-30% higher on a month-to-month basis compared to pre-pandemic levels. Occupancies and average daily rates (ADRs) are projected to increase by 15-40%, varying based on location.

The positive trend in the hospitality industry extends to various metrics. The fourth-quarter GDP numbers for 2023 revealed a 9.1% real growth in trade, hotels, transport, communication, and services related to broadcasting. Occupancy rates for the sector in 2022 were 15-17% higher than in 2021 and only 5-7% lower than in 2019. Furthermore, consultancy firm HVS Anarock reported that India-wide occupancy is expected to reach 66% in 2023, with a 16-17% rise in average room rates (ARRs) driving the revenue per available room (RevPAR) to ₹4,690, an 18% increase from pre-pandemic levels.

Rajesh Magow, co-founder and Group CEO of MakeMyTrip observed positive trends in leisure travel ahead of the upcoming holiday season. The preference for relaxed itineraries and experience-led travel has resulted in increased bookings and average per-passenger spending.

Popular destinations, particularly those offering relief from the heat and city life, have seen a positive start to the summer season. However, higher airfares have affected the travel plans of budget consumers, while premium consumers are indulging in lavish leisure travel.

MakeMyTrip highlighted that long-haul destinations like Europe and short-haul destinations such as Thailand, Singapore, Malaysia, Maldives, and the UAE are generating significant interest in international travel. In the domestic market, Goa, Kochi, Srinagar, Dehradun, and Leh are the most sought-after flight destinations. Mountain destinations are the preferred choice this summer, with Manali, Kashmir, Mcleod Ganj, Ooty, and Coorg ranking high.

With the surge in travel demand, Oyo plans to open 300 new hotels by August 2023 in popular mountain destinations such as Manali, Mussoorie, Nainital, Srinagar, Shimla, Ooty, and Darjeeling. Shreerang Godbole, Chief Service Officer at Oyo, expressed excitement about the growth and development of the Indian travel and hospitality industry in response to the increased travel demand.


Marriott Brings Moxy Hotels to Dubai’s Al Barsha, Opening in 2025

Marriott Brings Moxy Hotels to Dubai’s Al Barsha, Opening in 2025

By Nishang Narayan

Published on December 16, 2024

Marriott International is all set to introduce its Moxy Hotels brand to Dubai’s bustling Al Barsha neighborhood by mid-2025. Partnering with Al Ali Property Investments (API), the existing property will undergo a rebranding and refurbishment to launch as Moxy Al Barsha Dubai.

Chadi Hauch, Regional Vice-President for Middle East Lodging Development at Marriott International, expressed excitement over the project:
“The Moxy Al Barsha Dubai will serve as a playful lifestyle hotel, bringing a spirited experience to Dubai’s vibrant hospitality landscape. Dubai remains an important growth market for the company, and we continue to see strong demand for hospitality experiences that are as stylish as they are affordable.”

The Moxy brand—celebrated for its industrial-chic aesthetic and social communal spaces—will make its UAE debut with this property. Guests can expect smart guestrooms, locally influenced programming, and vibrant common areas ideal for socializing and productivity.

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Jassim Al Ali, Managing Director of API, added:
“Moxy Hotels is an ideal fit for one of Dubai’s most dynamic areas with its energetic and stylish hospitality experience. The signing of Moxy Al Barsha Dubai is a great addition to our existing portfolio of properties, and we look forward to expanding our collaboration with Marriott International.”

Situated in Al Barsha, a popular hub with easy access to key local attractions and business districts, Moxy Al Barsha Dubai is positioned to cater to modern travelers seeking affordable lifestyle experiences.

Globally recognized for disrupting traditional hospitality, Moxy Hotels has established itself in the upper midscale lifestyle segment with over 135 properties across 25+ countries.

The upcoming Moxy Al Barsha Dubai also marks the third collaboration between Marriott International and API, following the successful agreements for Marriott Executive Apartments and Marriott Hotel Residences on Sheikh Zayed Road.

With its playful approach to hospitality, Moxy Al Barsha Dubai is set to redefine the guest experience and strengthen Marriott's footprint in the region.


Celebrate Christmas in Style at THE OZEN RESIDENCE

Celebrate Christmas in Style at THE OZEN RESIDENCE

By Manu Vardhan Kannan

Published on December 10, 2024

This Christmas, create magical memories with your family at THE OZEN RESIDENCE, the crown jewel of OZEN LIFE MAADHOO in the Maldives. Designed for ultimate luxury, this stunning three-bedroom haven accommodates four adults and two children, making it the ideal retreat for a serene and unforgettable holiday.

The residence offers expansive living spaces, elegantly styled interiors, and a private artificial beach where families can reconnect and relax. Adding to the luxury is a private infinity pool that opens to breathtaking views of the Indian Ocean, ensuring every moment feels like paradise.

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Dive into the festive spirit with an array of enchanting activities. Decorate gingerbread houses, enjoy a dazzling tree-lighting ceremony, and welcome Santa as he arrives on the beach. On Christmas Day, indulge in a lavish lunch at The Palms, and as the year draws to a close, revel in the spectacular Ice and Fire Fête. This grand New Year celebration features icy cocktails, gourmet dining, fiery performances, and thrilling entertainment, including a fly board show, fireworks, and live music.

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To elevate the experience, guests enjoy the luxury of a personal butler and bespoke dining services, ensuring every need is met with care and precision.

Book your holiday now:

Make this festive season extraordinary at THE OZEN RESIDENCE, where luxury and family moments come together in perfect harmony.


IHG to Launch First voco Hotel in Malaysia, Returning to Kuching After 16 Years

IHG to Launch First voco Hotel in Malaysia, Returning to Kuching After 16 Years

By Nishang Narayan

Published on December 9, 2024

IHG Hotels & Resorts is set to introduce its voco brand to Malaysia, announcing the opening of voco Kuching in 2026. This marks IHG's return to Kuching, Sarawak, after a 16-year hiatus.

The global hospitality group has partnered with Malaysian real estate developer Elica Equity to create this 321-room hotel, which will be part of a 12-storey mixed-use development. This development represents the redevelopment of the former independent Century Hotel, reimagined to reflect voco’s distinctive brand identity.

Located just 15 minutes from Kuching's city centre and five minutes from Kuching International Airport, voco Kuching promises to offer a mix of modern amenities and unparalleled convenience. The hotel will feature a swimming pool, an all-day dining café, a lounge, a fitness centre, and extensive meeting spaces spanning over 2,400m². A highlight of the property is its ballroom, which can host up to 1,300 guests, alongside versatile function rooms suitable for various events.

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Patrick Finn, Vice President of Development for IHG Hotels & Resorts in South East Asia & Korea, expressed enthusiasm about the project:

“These are exciting times for IHG in Malaysia as we are on track to almost double our estate in the next few years with a pipeline of fantastic hotels that include the debut of voco hotels and luxury & lifestyle brands Regent and Kimpton. Together with Elica Equity Sdn. Bhd., we are committed to bringing voco hotels’ signature delightful and uplifting experiences to the market and attracting more visitors to this beautiful destination in Southeast Asia.”

This addition expands voco’s global portfolio, which currently boasts 77 operational properties and 80 in development. voco Kuching will be IHG’s first hotel in Sarawak and a key player in strengthening the region’s appeal as a premier destination for both business and leisure travelers.

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