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By Nishang Narayan
Published on May 7, 2024
The Indian hotel industry demonstrated remarkable financial performance in 2023, significantly outperforming its international counterparts, as reported by HVS Anarock in their latest India Hospitality Industry Overview. The study revealed that Indian listed hotel companies achieved an average price-to-earnings (PE) ratio of 56.4x, which is double that of global hotel giants like Marriott International and Hilton, which recorded an average of 28.4x.
The collective market capitalization of the top 23 hotel companies in India reached an impressive INR 191,333 crore as of April 1, 2024, with the top nine companies accounting for 77 percent of this market value. This substantial valuation underscores the robust growth and investor confidence in the Indian hospitality sector, especially post-pandemic.
2023 marked a record year for the industry across several key performance metrics, including EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and PAT (Profit After Tax), with significant advancements over 2022 figures. This growth has been driven by strong recovery strategies and improving industry fundamentals, which have also helped the sector attract more institutional and patient capital investments in recent years.
Laura Livers, Chief Revenue Officer at Intouch Insight, highlighted, "The data from our study points to a significant year of recovery and growth for Indian hotels, driven largely by technological adoption and innovative customer service strategies."
The report also sheds light on operational performance, noting that nationwide hotel occupancy rates for 2023 were between 63-65 percent, nearly reaching pre-pandemic levels, with Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) witnessing substantial growth. ADR reached approximately INR 7,400-7,600, surpassing both 2022 and pre-pandemic figures, and RevPAR grew by 29-31 percent from 2022, reflecting the industry's ability to drive rates amidst buoyant demand.
The positive outlook for the Indian hotel sector is expected to continue, with projections for 2024 suggesting further improvements in occupancy rates and a 6-8 percent increase in ADR. This would potentially elevate RevPAR by 31-33 percent compared to pre-pandemic levels, affirming the sector's strong trajectory and offering promising prospects for investors and career professionals alike.
This comprehensive analysis by HVS Anarock not only highlights the resilience of the Indian hotel industry but also its pivotal role in shaping the global hospitality landscape through innovation and strategic growth initiatives.
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By Manu Vardhan Kannan
Published on March 18, 2025
Machan Resorts LLP, a leading hospitality group with over three decades of excellence, has recorded exceptional growth in 2024, driven by rising interest in experiential travel and sustainable luxury.
Key performance indicators highlight this upward trend, with a 7% rise in occupancy rates, a 10% boost in Average Daily Rate (ADR), and a 5% increase in Revenue Per Available Room (RevPAR). While Maharashtra remains a key market, Rajasthan has quickly gained momentum, spurred by an uptick in destination weddings and growing international tourist arrivals.
Despite facing industry-wide challenges such as rising operational costs and evolving guest expectations, Machan Resorts has continued to expand steadily. Strategic infrastructure investments, sustainability initiatives, and supportive government policies have strengthened the group’s position as a leader in luxury eco-hospitality, appealing to both business and leisure travelers.
"We are optimistic about our future and anticipate a projected growth of 12% in revenue and 200% in the number of keys," said Rakshit Sharma, COO of Machan Resorts, at the company’s year-end corporate management meet held at The Machan in Lonavala.
He added, "We remain committed to pushing boundaries and elevating our guest experience, ensuring even greater milestones in the year ahead."
The Machan, the group’s flagship property, is an award-winning eco-resort in Lonavala, celebrated for its luxurious tree houses offering serene escapes amid nature. Beyond The Machan, the group owns Legacy Mandawa, a heritage haveli in Rajasthan, and is actively expanding its portfolio with new developments in Jaisalmer, Udaipur, Mulshi, Pawna, Pune, and Karjat.
Royal Orchid Hotels Ltd. (ROHL) has strengthened its presence in Goa by opening two fresh properties under its Regenta brand in the scenic town of Colva, pushing its total count in the region to six. The newly launched Regenta Baywatch Resort and Regenta Beach House, both located just a short stroll from Colva Beach, offer an appealing blend of modern architecture and coastal elegance. Designed with both business and leisure travelers in mind, these twin hotels are ideal for hosting corporate gatherings, grand weddings, and memorable celebrations.
The Regenta Beach House stands out as a boutique coastal retreat, boasting a private beach with stunning ocean views. Positioned as a premium venue for upscale events, this 18-key property features a versatile beachfront space capable of hosting up to 1,000 guests. Guests can also enjoy ocean-facing rooms and suites for a luxurious stay. Food lovers will find curated dining options like 'Cibo Sano', which specializes in healthy, guilt-free cuisine, and 'Salty Breeze', a charming seaside restaurant known for its relaxed ambiance and panoramic views of the Arabian Sea.
Just around the corner, the Regenta Baywatch Resort offers a larger set-up with 133 thoughtfully designed rooms and suites that reflect a blend of minimalist design and contemporary style, staying true to the ROHL brand's hallmark of understated elegance. The resort houses a range of dining options, including an all-day dining restaurant, a specialty outlet, a terrace restaurant, and a bar. Guests can unwind by the pool or rejuvenate at the in-house spa. The property also boasts several banquet halls and sprawling lawns, making it a top pick for social functions, destination weddings, and corporate events.
In 2024, Goa welcomed nearly 10 million visitors, reinforcing its reputation as one of India's most popular travel destinations. These two new ROHL hotels provide easy access to Sernabatim Beach, Colva, and other idyllic coastal spots while offering unmatched hospitality. The close proximity of both properties also allows them to accommodate large groups with ease, catering perfectly to guests visiting for special celebrations and large-scale events.
Sharing his thoughts on the launch, Arjun Baljee, President of Royal Orchid Hotels Ltd., stated, “Building on our 15+ year legacy in Goa, ROHL is proud to announce the launch of two new signature properties that will further solidify our commitment to elevating the state's hospitality landscape and delivering unparalleled guest experiences. With their unique locations and superior amenities, we're confident that these two hotels will carve out a distinct presence in Goa's thriving market especially for weddings and MICE events. We're excited to collaborate with Mr Ajit Patel to bring this vision to life.”
Ajit Patel, Director of HARP Resource Pvt Ltd and Prudential Landmark Pvt Ltd, added, “We are thrilled to partner with ROHL, a trusted name in hospitality sector. We are confident that Regenta Baywatch Resort and Regenta Beach House will not only elevate Goa's tourism appeal but will also set new benchmarks in the industry catering to all kinds of guests.”
Published on March 17, 2025
Indian Hotels Company Limited (IHCL), India's largest hospitality company, has reached a significant milestone, with its Taj InnerCircle loyalty program, integrated into Tata Neu’s NeuPass, surpassing 10 million members. This achievement reflects IHCL’s strong digital transformation, leveraging the One Tata ecosystem to enhance customer engagement.
Parveen Chander Kumar, Executive Vice President – Commercial, IHCL, emphasized the program's impact, stating, "The rapid growth of our loyalty member base with NeuPass is a testament to the power of the One Tata ecosystem. Today, loyalty-driven revenue contributes over 40% of IHCL’s total enterprise revenue. We are committed to enhancing lifetime customer value and leveraging technology to enrich guest experiences across our diverse portfolio, from mid-scale to luxury hospitality."
IHCL’s loyalty program has grown fivefold, culminating in this 10-million-member milestone. The integration with Tata Neu, spanning travel, hospitality, shopping, and financial services, has provided IHCL with a competitive edge in attracting and retaining members. The combination of enhanced rewards, seamless booking experiences, and exclusive privileges has significantly strengthened customer loyalty and engagement.
With a legacy dating back to 1903, IHCL is a leader in Indian hospitality, known for brands such as:
IHCL operates 368 hotels, with 128 under development across 4 continents, 14 countries, and 150+ locations, making it India’s largest hospitality company by market capitalization.
For more information, visit: [IHCL Website]
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