INDIA HOTEL BOOM
Top hotel chains expanding in the North East
Estimates shared by JLL with ET showed a sharp rise in branded new hotel signings in the Northeast in 2023 with about 1,230 keys signed, up from around 449 keys signed in 2022.
Fresh capital raised via IPOs surges to a 9-year high, hints at private capex revival
Of the ₹33,610 crore raised by 37 companies so far in 2024, about 45%, or ₹15,190 crore, were through new shares, the highest proportion since 2015, when India Inc. raised nearly 48% fresh capital, according to data from primedatabase.com. The funds raised as fresh issues in 2024 were to either finance capital assets or retire existing debt obtained to build capacities, according to IPO documents.
By 2027, no of branded residences projects forecast to increase to 1200: Noesis Capital Advisors Report
While the Noesis analysis shows that the price premium of such residences globally is very high, in comparison, India currently sees a price premium of around 21-40% as per the market. The company said there is no reason to indicate why this number cannot go up in the future.
Hospitality industry faces huge talent crunch; to add a million jobs in next few years, say experts
The surge in tourism post the pandemic has catalysed an unprecedented increase in hospitality hiring, particularly in entry-level apprenticeship and trainee positions, Randstad India said, adding that the sector has witnessed a remarkable growth of more than 200 per cent in apprentice and trainee hires over the last two years. According to industry reports, the hospitality industry is currently one of the biggest employment generators with the formal sector offering jobs to over 40-50 lakh people, while for the informal sector, it is difficult to give a number, but it is huge.
View: Whichever way you cut it, the economy’s booming and is a welcome gift for the incoming government
The Indian economy is booming with a GDP growth of 8.2% for 2023-24, surpassing estimates. The National Statistics Office data highlights this growth despite challenges in sectors like manufacturing and agriculture.
10 Best Quirky and Premium Ashtrays Available Online
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'IHCL aiming for double-digit growth in FY25'
IHCL reported a 29% year-on-year rise in net profit in the fiscal fourth quarter to ₹438 crore. Revenue in the three months ended March 31 grew 17% from a year earlier to ₹1,905.3 crore. IHCL had also announced that it will introduce the re-imagined Gateway, a full service hotel offering in the upscale segment, which it believes will be an 'ideal fit' to tap growth opportunities in emerging micro markets in metros and tier-II and tier-III cities.
IHCl aiming for double digit topline growth this fiscal: IHCL MD and CEO Puneet Chhatwal
IHCL aims for double-digit growth, plans 25-30 hotel openings this fiscal. It will launch hotels overseas but focus on India. Chhatwal, MD and CEO, says FY2025 will be a 'breakthrough year' for international expansion, with a primary focus on the Indian subcontinent. The branded hotel supply in India is expected to grow fivefold in the next 7-10 years. IHCL reported a 29% rise in net profit for Q4 FY2024. It will introduce a re-imagined Gateway hotel offering in the upscale segment, targeting growth opportunities in emerging micro markets.
Smallcap boom is back! FIIs, mutual funds team up to shop at 200 such counters
Smallcap stocks rebound post-Sebi comments, with FIIs and mutual funds increasing stakes in 213 counters. Notable gainers include Transformers & Rectifiers, Puravankara, and Motilal Oswal Financial amid concerns over frothy valuations.
Combo of capital heavy & capital light biz to drive operating leverage, margin expansion: Puneet Chhatwal, Indian Hotels
Indian Hotels, led by Puneet Chhatwal, showcases robust growth through strategic new contracts, capital-light models, and diversified top line expansion. The company's focus on operating leverage, digital enhancements, and new business segments sets the stage for continued success in the hospitality sector. He says: Indian Hotels' combination of capital heavy and capital light which is today at 40-60 and could grow to 30-70, 70 in favour of capital light,
ITC Hotels plans to add 70 properties in five years: CEO
ITC Hotels aims to bolster its portfolio to 200 hotels within the next five years, up from the current count of 130, by introducing properties across its brands. This expansion is geared towards seizing opportunities in both business and leisure travel sectors in India.
Leisure is leading although individual business travel is coming back:Hyatt Hotels CEO
Hoplamazian sees a positive outlook for India's hospitality sector with strong demand drivers in domestic business travel, international tourism recovery, and a sustainable growth environment as leisure travel leads the industry. He says, the amount of money spent on domestic leisure travel versus inbound leisure travel is something like seven to one.
Royal Orchid Hotels to unveil 3 new brands
The Bengaluru-headquartered chain Thursday said it has signed a lease agreement with MASA Hotels for a 300-room hotel at Mumbai's international airport, which will operate under its new five-star brand.
Accor bullish on India, to open 30 more hotels in five years
Europe's largest hotel chain, Accor, plans to launch 30 hotels in India totalling about 5500 keys over the next three to five years. In an interview with ET, Sébastien Bazin, group chairman and CEO of the French multinational hospitality chain said Accor will also consider launching more luxury hotels over time in India.
Retail brands flocking to religious cities with rise in spiritual tourism
According to CBRE, retail brands across segments, including fashion & apparel, food & beverage, hypermarkets, homeware & department stores and consumer electronics brands, are expanding by tailoring the offerings to the pilgrim’s needs.
Boutique properties boom: HNIs showing great interest in exclusive properties for celebrations
According to travel industry experts and property owners, there is a growing demand for bulk bookings of entire boutique properties costing Rs 3 lakh per night to as much as Rs 10 lakh. Some are even using private charters for group travels. These bespoke holidays are either for exclusive reunions, celebrations or simply to enjoy leisurely getaways during long weekends, fuelling a trend of luxurious seclusion.
Long weekend business booming for hotels, cruises, travel firms
Indians are leveraging every opportunity to take a “minication”, said Rajeev Kale, president and country head for holidays, MICE and Visa at Thomas Cook (India). The company’s data reflects a 25%-30% year-on-year surge for long weekend breaks across both domestic and outbound destinations, he said.
Accor plans to double PME room count in India in next three years
Accor plans to double its room count in India in the next three years in the PME segments. The growth is driven by factors like growing outbound Indian travelers in Asia and the booming middle class in India.
Radisson Hotel Group accelerates growth in India with 21 signings in 2023
KB Kachru, Chairman Emeritus and Principal Advisor of Radisson Hotel Group, expressed confidence in the chain's strong growth trajectory for 2024. The company aims to expand its roots and fortify its presence in untapped markets in India.
India's options trading boom hides billions of losses for retail traders
In 2023, Indian investors traded 85 billion options contracts, more than anywhere else in the world. The country has topped the charts since 2019, when it first overtook the US in the volume of annual trades.
With hotel check-ins, add hotel check-ups
There is a need to provide in-house doctor's services not only on luxury cruises but also for business travelers staying at hotels. This would ensure that business guests have access to healthcare services beyond emergencies, similar to other premium amenities offered. Premium hotels offer experience that can extend to in-house healthcare services, going beyond emergencies to include check-ups, diagnostics, and more. This parallels the way guests enjoy fine-dining experiences or access the hotel's gym facilities.
Spiritual surge: 'Ayodhya' may spell boom for pilgrimages and businesses all over India
Adani Wilmar, ITC, Reliance, Parle Products, Dabur and Britannia are deepening distribution and dealer networks, launching limited edition packs or doubling marketing and branding spends at large religious sites, while jewellers such as Kalyan and Senco are setting up stores in spiritual zones. Burger and fries chain McDonald's is setting up a vegetarian outlet near a pilgrimage spot in UP.
Ayodhya Ram Mandir hikes property prices 900%: How much can you profit if you invest now?
Ayodhya Ram Mandir : The construction of the Ram Mandir in Ayodhya has triggered a real estate boom in Ayodhya. The prices of land in and around Ayodhya have skyrocketed — in some cases, five to 10 times the prices prevalent four to five years ago — according to several real estate players. Several townships and private hotels are expected to come up in the city in the next few years. Is it the right time to invest in real estate in the holy city? How much returns can you expect? Which are the areas where you should should you invest?
Sacred real estate can be India's next booming sector
Ayodhya has seen property rates skyrocket after the Supreme Court verdict in the Ram Janmabhoomi case which cleared the way for the construction of the Ram temple. In 2019, before the verdict, the prices were between Rs 400 to Rs 700 per square foot. Now, they have gone from Rs 1,500 to about Rs 3,000 per square foot. Similarly, outside the city, they were between Rs 1,000 and Rs 2,000 a square foot, now they have gone to Rs 4,000 to Rs 6000 a square foot.
Time to check in? 4 smallcap hotels stocks for taking exposure to booming tourism spend
It might surprise the majority that the first sector to get re-rated post liberalization in 1991 was the “ hotel sector”. The reason, it was expected that both business traffic and tourist traffic to India would see a boom. In fact it did happen but then as usual , many new players entered and existing players in their wisdom took debt to expand presence and we saw the industry getting into trouble. It is almost after two decades that in covid and post covid, there has been a consolidation. Many builders who turned into hoteliers are the ones which have been moving out of business.
Real estate renaissance: Dubai developers eye India's booming property market
Dubai's real estate developers are actively expanding their presence and investments in India's flourishing property market.
Pizza's long journey in India
Himalayan Gourmet, a Peace Corps cookbook for Nepal has a pizza recipe with four ingredients: 'Any white bread recipe, Pizza sauce, Toppings, and Grated cheese'. It also suggests: "If you don't have an oven cook dough first like you would a pancake." Then add other ingredients on top and "Presto, no bake pizza."
India stands to benefit immensely if hospitality, tourism sector keeps booming: Puneet Chhatwal, IHCL
I think it is very difficult for people to believe because of the volatility in the business that this could be a sustainable, profitable business. I think that is the real concern, right.
High on hotels: A gold rush starts as businesses find 'room' for growth
The hospitality sector in India is attracting a diverse range of investors, including book publishers, car dealers, and school owners, in addition to industrial groups. The increased interest is driven by the country's growing economy and high demand for hospitality services. Hotel companies are also expanding to meet the surge in demand, while standalone properties in non-metro areas are being acquired by hotel chains. Factors such as the rise of travel as a lifestyle trend, improved infrastructure, and changing social norms are contributing to the long-term growth potential of the hospitality sector in India.
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