HVS ANAROCK

Heatwave conditions and the seasonality of the hotel business impacted revenue growth in May 2024, with average revenue per available room growing only 2-3% year-on-year. Despite air passenger traffic rising 4.4%, occupancy rates remained flat at 60...

Ayush Dabas, owner of Welcomhotel by ITC Hotels in Dwarka, Delhi, is eager to expand his property's facilities to meet the increasing demand for MICE events. However, existing norms make it unfeasible for hotels to increase their floor area ratio (F...

The Delhi-based company, which recently secured $4 million (about Rs 33 crore ) in series A funding, currently operates eight properties and aims to add three–four properties in 2024-25.

Be it Khajjiar in Himachal Pradesh, Kevadia and Vithalapur in Gujarat, or Hoshiarpur in Punjab - many lesser-known locations in India are beginning to get branded star category accommodation options as hoteliers double down on expansion in the count...

The 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 ago according to a recent HVS-Anarock report. The share of hotel rooms in metros reduced to 19% from 30% durin...

The 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 ago according to a recent HVS-Anarock report. The share of hotel rooms in metros reduced to 19% from 30% durin...

HOPE 2023 will be held at the Taj Resort & Convention Centre in Goa.

Consolidation is the driving feature of India’s property, said Nuvama Institutional Equities. "We believe buoyancy in sales would sustain driven by pick-up in launches, aided by cash flow improvement, diversification and market share gains."

Occupancies for top chains are likely to be well above this mark. Hotel chains said they are hoping for a "phenomenal" performance, backed by a declining number of Covid cases and fewer restrictions across states.

All India average occupancies were between 30-32% in June, up by 12-14 percentage points month on month, while average daily rates were up14-16% month on month and were between Rs 3600-Rs 3800.

Oberoi Group MD and CEO Vikram Oberoi told that he has been approached by some hotel owners who wish to sell their properties.

Oberoi Group MD and CEO Vikram Oberoi said that he has been approached by some owners who wish to sell their properties. “Whether it is a result of Covid or something else, I can’t say, but (some) hotels are up for sale.”

In a world locked up indoors, travel has taken on new forms.

Hotel transactions declined by 50% in 2020 compared to 2019. HVS Anarock said the gradual rollout of the Covid-19 vaccine across the globe and in India is expected to help restore consumer confidence and help ease restrictions during the year ahead.

Industry insiders said after the year-end frenzy in December,the performance of the Indian hotels sector was relatively subdued and grew marginally in January from the previous month.

HVS Anarock said it conducted an anonymous online survey amongst hospitality students (who had completed their internships) from four leading institutes in India to understand their experience during their internships. The online survey was conducte...

"We anticipate the overall Indian hospitality sector (including organized, unorganized and semi-organized operators) to incur an estimated total revenue loss of approximately Rs 90,000 crore in 2020," said Mandeep Lamba, president, South Asia at HVS...

According to hospitality consultancy HVS Anarock, 25-30% of the 350,000-400,000 employees of the organised hospitality sector in India have already lost jobs and this figure could widen to 40-45% in this quarter. Apart from the fraudulent offers, th...

As per HVS, demand has not yet revived because corporate travel is on a standstill. Leisure travel has also not seen any uptick in states which have eased restrictions because of increasing COVID cases in the country. Occupancy rates in May 2020 wer...