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HVS ANAROCK REPORT
Smaller cities power India’s corporate travel surgeCorporate travel in India is increasingly shifting towards smaller cities, with nearly 60% of bookings now originating from or heading to t...- Branded hotel rooms in Northeast to double by 2030Northeast India is transforming with a significant increase in branded hotels. Over 3,000 new rooms are planned by 2030, with Assam leading...
- Heatwaves burn a hole in hotels' revenue growthHeatwave conditions and the seasonality of the hotel business impacted revenue growth in May 2024, with average revenue per available room ...
- Brij Hotels plans 50 boutique propertiesThe Delhi-based company, which recently secured $4 million (about Rs 33 crore ) in series A funding, currently operates eight properties an...
- Being light on assets gives hotel chains a lift at the bottom lineIn an asset-light model, instead of owning properties, hotel companies adopt the franchise route thereby reducing capital investment. Betwe...
- Hotel companies show improved profitability amid rising trend of asset light approachIn an asset light model, instead of owning properties, hotel companies adopt franchise route thereby reducing capital investment. Between F...
- Hotel companies go big on leisure and pilgrim towns as travel boomsThe share of hotel rooms in the tier-II and tier-III cities increased to 38% of the total inventory at the end of 2022 from 33% four years ...
- Hotels expand presence in tier-II cities amid booming leisure travelThe share of hotel rooms in the tier-II and tier-III cities increased to 38% of the total inventory at the end of 2022 from 33% four years ...
- Wedding season, World Cup likely to fuel demand for hotels; Lemon Tree, Indian Hotels top bets: Siddhartha KhemkaARR should continue to inch higher, thereby boosting RevPAR. We anticipate robust growth to remain intact across hotels in FY24, aided by: ...
- Hospitality stocks in demand as travel booms, room rates riseAccording to the latest research by hospitality research firm HVS Anarock, revenue per available room (RevPAR) was between ₹3,696 and ₹3,94...
- Hotels and restaurants set for bookings bonanza in October on back of pent up demandITC Hotels chief executive Anil Chadha said going by the current trend and surge in domestic traffic, bookings are expected to continue int...
- Hotel occupancies in all major cities saw month on month increase in June: HVS Anarock ReportAll India average occupancies were between 30-32% in June, up by 12-14 percentage points month on month, while average daily rates were up1...
- Expect India-wide occupancies to improve to 56-59% in 2021: HVS AnarockHotel transactions declined by 50% in 2020 compared to 2019. HVS Anarock said the gradual rollout of the Covid-19 vaccine across the globe ...
- India's developed hotel markets in Delhi, Mumbai & Bengaluru still the smallest in Asia: ReportAs per the report, the three cities, which are the most mature markets in India, must combine their branded supply to match up to Singapore...
- Taj brings the hotel experience home for you, will retail bed, bath linen on Tata CliqYou can also purchase the wellness products and memorabilia from the hotel group.
- Mahindra Holidays calls off purchase of 5-star Lonavala resortThe Anand Mahindra group company which runs hotels and resorts under the Club Mahindra brand was in advanced discussions for the purchase o...
- Oyo to partner with other companies for acquiring, leasing or managing four star hotels in IndiaAnchored by SoftBank, Oyo is in talks to raise another round of funds in the range of $1-1.5 billion at a valuation of $12.5 billion.
- Elections, rising supply to dampen hotel industry’s performance in 2019: ReportOver the last two years, hotel supply in India grew by 3.7% in 2017, and 3.5% in 2018, while demand grew by 7% and 6.8%, the report said.
- Indian hospitality sector may see many more deals in 2019: StudyHotel transaction volumes could cross $800 mn in 2019, the highest for the Indian hospitality industry.
- HVS, ANAROCK ink partnership to tap into India’s hospitality marketLast year, HVS and its joint venture partner in India mutually terminated their partnership after being together for over 20 years.
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