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ACHIN KHANNA
Nationwide occupancy of 67.5% highest in a decade in 2023-24: Hotelivate ReportIndia's branded hotel sector achieved a 67.5% nationwide occupancy rate in 2023-2024, the highest in a decade, with an average daily rate o...- Pandemic takes the glitz out of luxury hotels as business traveling is crippledNew projects around the country will reduce the dependence on big city hotels to about 59% by FY25-26. Five years ago, the number was 69%.
- Blackstone, KKR, JM bid for EIH-run hotels in HyderabadEdelweiss Asset Reconstruction Company is said to be the fourth bidder for Golden Jubilee, which is also developing a much delayed Oberoi h...
- HVS to wrap up operations in India under existing arrangement, services moved to HotelivateHVS APAC chairman has launched Hotelivate, a new hospitality consulting firm which presently has offices in Delhi and Mumbai, with Singapor...
- Manav Thadani ends 20-year HVS partnership to set up own companyHVS was the biggest consulting firm in the hospitality business in India and provided hotel valuation, contract negotiation and brand manag...
- Hospitality sector gains on rising MICE eventsties.Industry experts and analysts attribute increasing MICE events, including investor summits, to an improved economic sentiment amidst g...
- Dwindling additional supply to lead to better occupancies, Revpar ratesCompanies such as Carlson Rezidor are also expecting an increase in occupancies and room revenue this year. “All our budgets are about 10-1...
- Fewer new projects may serve hotels wellIndia added about 7,500 rooms last year, compared with annual inventory increases of about 12,000 over the past three to four years, accord...
- Luxury hotels better off this year than in 2015: ExpertsThe market-wide occupancy in the luxury segment grew by 1-2% and the increase in revenue per available room was about 3-4%.
- Share of hospitality deals dip 50 per cent in 2016According to data shared by Venture Intelligence with ET, the sector witnessed just six deals till November this year compared with 18 in t...
- Growing number of institutional investors in hotels leaves little room for familiesOver $200 million of assets were bought and sold last year boosted by institutional equity on the buy side, according to a report by consul...
- Kolkata luxury hotels fight over supply; room tariff to drop significantlyThe reduction of prices in the hotels will open up options for more number of people for using these branded facilities for more uses other...
- FabHotels gears up for expansionThe company, which operates in the online brand franchisee segment, secured $8 million in a series A round of funding from Accel Partners.
- Taj's ex-chief chef Hemant Oberoi, NRI billionaire tie up for food businessThe 64-year-old businessman has collaborated with Oberoi to rev up the Indian-themed brand, Yantra, which now has the star chef's name atta...
- Hotel occupancy in India surpassed 60% for the first time in four yearsThe occupancy rate grew to 60.3% during the financial year, up from 58.4% in 2013-14, as per HVS’ ‘Hotels in India Trends and Opportunities...
- Top Hotels like Taj, Lalit roll out discounts to woo tourists in summerPlayers such as Taj Hotels, The Lalit, The Park, Kempinski, The Leela and Lebua are offering between 10% and 40% discounts and food and bev...
- Hospitality gains impetus on better growth outlookOccupancy rate for the entire region rose 0.9% yearon-year to 69.2% in September, while the average daily room rate fell 2.2% to $112.31 an...
- Hotels up for sale, mismatch between buyer expectations and seller price leads to roadblockClose to 100 hotels are up for sale across the country but hardly any deal is being signed because offer prices are nowhere near what selle...
- F&B revenues may soon beat room revenues at hotelsWith average room rates falling to a six year low and occupancy rates plunging to the lowest in a decade in 2012-13, according to a report.
- Global luxury hotel chains scouting for tie-upsThe list includes marquee hospitality names such as Las Vegas-based MGM Mirage, Toronto-based Fairmont and Southeast Asian brands Mandarin ...
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