Why hotel rooms in India cost a bomb, push Indians to holiday abroad
2 weeks, 3 days ago

Why hotel rooms in India cost a bomb, push Indians to holiday abroad

India Today  

In July last year, Uttarakhand-based Anand Sankar and his wife were trying to book a hotel for their vacation in Goa. SEASONAL TREND IN 5-STAR PROPERTIES, SAY HOTEL VETERANS Madan Prasad Bezbaruah, Secretary General of Hotel Association of India, says comparing starred Indian properties to those abroad just on the basis of tariffs wouldn't be fair. The general view is that in terms of quality of experience and expanse of services, Indian hotels offer good value for money," Bezbaruah tells India Today Digital. Ajay Bakaya, Managing Director, Sarovar Hotels and Director, Louvre Hotels India, says he doesn't believe that destinations like Kerala or Goa are more expensive than those in Southeast Asia, all-through the year. Bakaya, the Managing Director of Sarovar Hotels, says Odisha, Tamil Nadu and Andhra Pradesh are among states with "progressive tourism policies", and have extended policy incentives to the hotel industry.

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History of this topic

India’s hotel Industry to grow at 9% CAGR against demand of 12%c CAGR: Report
3 weeks, 6 days ago

India’s hotel Industry to grow at 9% CAGR against demand of 12%c CAGR: Report

Live Mint  

New Delhi, December 12 : India's hotel industry is set for sustained growth as demand outpaces supply, according to a report by Axis Capital. The report forecasts a 12 per cent compound annual growth rate in demand for FY24-27E, compared to a more restrained 9 per cent CAGR in supply. The hotel industry in India is witnessing a cyclical recovery …

Luxury Hotels Lure India's Ultra-Rich with Exclusive Villas and Suites
2 months, 1 week ago

Luxury Hotels Lure India's Ultra-Rich with Exclusive Villas and Suites

Live Mint  

The hotel industry in India is undergoing a radical makeover to cater to India's ultra-rich. Hotels are now offering unprecedented privacy and luxury experiences to attract the wealthy elite. These exclusive villas and suites are spread across the country, offering breathtaking views and access to exclusive amenities. The industry is also seeing a surge in demand for premium luxury travel, …

India's Hotel Boom: New Hubs Drive Growth
2 months, 2 weeks ago

India's Hotel Boom: New Hubs Drive Growth

Live Mint  

India's hotel market is experiencing a surge, with hotel transactions expected to reach $430 million this year, up from $350 million in 2023. The country is seeing a shift in investment towards new hubs with hospitality and commercial areas, strategically located. JLL, a leading commercial real estate and investment management company, is actively facilitating transactions in major cities like Delhi, …

Hotel industry expected to witness revenue growth of 7-9% in FY2025; spiritual tourism to drive demand
10 months, 2 weeks ago

Hotel industry expected to witness revenue growth of 7-9% in FY2025; spiritual tourism to drive demand

Hindustan Times  

The Indian hotel industry is expected to witness a 7-9% revenue growth in FY2025, over the 14-16% growth expected in FY2024. The Indian hotel industry is expected to witness a 7-9% revenue growth in FY2025, over the 14-16% growth expected in FY2024, a report by ICRA has said. The healthy demand amid relatively lower supply would lead to higher ARRs, …

Luxury hotels target Indian outbound travellers
1 year, 2 months ago

Luxury hotels target Indian outbound travellers

Live Mint  

New Delhi: India’s outbound travel market is set to grow in the coming years, with an increasing focus on high-spending segments, making it a high-priority market for global hoteliers. A firm representing luxury and high-end hotels globally considers Indian outbound travellers among its top target segment. Lindsey Ueberroth, chief executive officer of Preferred Hotels and Resorts, who was recently in …

India vs Pakistan: Ahmedabad hotel tariff hits the roof ahead of World Cup epic but a few cheaper options available
1 year, 3 months ago

India vs Pakistan: Ahmedabad hotel tariff hits the roof ahead of World Cup epic but a few cheaper options available

Hindustan Times  

With less than 10 days to go for the much-awaited India-Pakistan match in Ahmedabad on October 14, hotel tariffs have skyrocketed. The smart ones are booking hospital rooms & 10 witty ones can win a free Uber luxury camper stay on the match day. Most 5-stars were sold out soon after the schedule announcement but few 3/4 star hotels are …

India’s hotels sector is seeing wind in its sales
1 year, 10 months ago

India’s hotels sector is seeing wind in its sales

Live Mint  

Air India’s mega order for 470 planes is being seen as a reflection of the economic growth India is likely to see in the coming years. The stock prices of the top four hotel companies by market capitalization—India Hotels, EIH, Lemon Tree and Chalet —have all outperformed the BSE Sensex this year. Improving Revenues When the pandemic hit, India’s hotel …

Hotel stocks rally up to 20% after GST Council rate cut on hotel room tariffs
5 years, 3 months ago

Hotel stocks rally up to 20% after GST Council rate cut on hotel room tariffs

Firstpost  

Scrips of hotel companies zoomed in the morning trade on Monday by up to 9 after the GST council cut tax on hotel room tariffs New Delhi: Shares of hotel companies zoomed up to 20 percent on Monday after the GST Council reduced the tax rate for hotel room tariffs. Among others, Indian Hotels Company zoomed 8.20 percent, ITC rose …

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