Hotelivate is excited to bring to you the Hotel Management Contract Survey 2020 – South Asia, entailing a comprehensive review of 85 contracts/LOIs, representing around 16,200 rooms, signed in the region over the last two decades.
As a hotel consultant, I am often asked a pertinent question: Do hotels make profits in India? The challenges in building, operating, buying and selling hotels are a plenty. Investors frequently point to the relatively lower risk associated with other commercial asset classes such as office buildings, retail developments and warehouses. The highly dynamic and perishable nature of the hotel business pushes them to question the very veracity of it.
The Hotel Volatility Index (HVI), now in its third year is released as part of Hotelivate 2019 Indian Hospitality Trends and Opportunities Report. The main report is also available on-line. The HVI tracks the performance of 80 well-established, stabilized hotels – 60 urban and 20 leisure properties – across positioning that have been operational since 2011 or earlier in the country.
Crossing milestones of any kind is always special, as it reminds us of the journey thus far and helps us look to the future optimistically. My team and I are extremely proud and excited to share that this summer marked the opening of the 105th hotel where we were involved in performing the feasibility, with many more actively under development.
As we reviewed the 2018/19 performance of hotels across the length and breadth of our country, we were pushed to wonder what was causing them to be ‘stuck in orbit’. Why was it that despite the demand-supply equation favoring growth across most markets, the nationwide numbers (both occupancy and average room rate) barely moved, yet again?
For hotels and resorts in the area, the corporate FIT segment is yet to see traction, currently forming less than 5% of the total demand, probably owing to the industrial and manufacturing nature of setups that form a majority of the current occupants of IMT Manesar. However, the leisure traveller is increasingly exploring Manesar and its vicinity as a possible getaway location over weekends, festivals and school vacations.
Ahmedabad’s hospitality industry was previously dominated by local brands; however, in recent times, several branded hotels have entered the market and many more are in the pipeline. The assemblage of new industrial and commercial developments of multi-national companies has led to a surge in demand for quality hotels in the city.
Dr. A.B. Kerkar Honored with Lifetime Achievement Award at HICSA 2017
Dr. A.B. Kerkar is regarded as one of the most dynamic personalities of Indian hospitality, a man who single-handedly created a conglomerate from a single entity and put India’s hotel industry on the world map. At the 13th edition of Hotel Investment Conference – South Asia (HICSA), the charismatic Ajit Kerkar -erstwhile MD and Chairman of the Taj Group of hotels, received what many believe is a long overdue and richly deserved Lifetime Achievement award. The HICSA Lifetime Achievement Award is presented to an individual who has made an outstanding contribution to the hospitality industry.
Restaurant Investment Trends with Soho Hospitality’s Rohit Sachdev
Groceries behaving like restaurants. Taxi services delivering food. Logistics and delivery landscapes transformed by food tech. Today’s restaurant is competing in a very complex world. How are customer choices widening as a result of enabling technologies? What are the implications on customer behaviors – particularly the choice of where to allocate their F&B budgets? Find out what Rohit Sachdev, Managing Director, Soho Hospitality has to say.
2nd Floor, Paras Downtown Centre, Golf Course Road, Sector 53, Gurugram, Haryana 122002, India
501, 5th floor, Landmark, 136, Hill Road, Bandra (West), Mumbai, Maharashtra, 400050, India
CEO Suite, Singapore Land Tower, 37th Floor, 50 Raffles Place, Singapore 048623
CEO Suite, Sahid Sudirman Center, 56th Floor, Jl. Jendral Sudirman No. 86, Jakarta 10220, Indonesia