Luxury Hotels Lure India's Ultra-Rich with Exclusive Villas and Suites
1 month, 3 weeks 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, with hotels charging high prices for their services. This trend is expected to continue, with hotels investing heavily in expanding their luxury offerings and catering to the needs of the ultra-wealthy.

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History of this topic

‘Will deploy ₹800 crore to acquire new hotels by FY27’
1 week, 5 days ago

‘Will deploy ₹800 crore to acquire new hotels by FY27’

Live Mint  

FMCG conglomerate Dharampal Satyapal Group's hospitality arm is aggressively expanding its hospitality division, with plans to increase its portfolio from six hotels to 10-12 by FY27. The company is focusing on both city and resort 4–5-star hotel category properties, primarily in "high-growth" regions across India, Rajiv Kumar, vice chairman of the company, said, speaking exclusively to Mint. Last month the …

Hotels join the fray as IPO frenzy continues
1 month ago

Hotels join the fray as IPO frenzy continues

Live Mint  

While new-age ventures received all the spotlight in the markets, hospitality companies have quietly drawn serious interest from investors after the post-pandemic boom in travel and tourism. “Bharat Hotels, which is currently delisted, plans to go public soon," said Krishna Patwari, founder and managing director of Wealth Wisdom India. Blackstone-Panchshil’s Ventive Hospitality recently filed papers for a ₹2,000 crore IPO, …

India's Hotel Boom: New Hubs Drive Growth
1 month, 4 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, …

India's hospitality sector sees $93 million investment surge in H1 2024
3 months, 2 weeks ago

India's hospitality sector sees $93 million investment surge in H1 2024

Hindustan Times  

The country’s hospitality sector recorded an investment activity of around $93 million in the first half of the year. Listed hotel companies led the hotel transactions in the first half of 2024, with the upscale segment claiming the highest share of the total transaction volume, followed by mid-scale, luxury, and economy segments. H1 2024 witnessed 19,442 keys in terms of …

All hotel rooms sold out in Vijayawada on eve of Chandrababu Naidu’s swearing-in ceremony
6 months, 1 week ago

All hotel rooms sold out in Vijayawada on eve of Chandrababu Naidu’s swearing-in ceremony

The Hindu  

All roads in Vijayawada were chock-a-block on June 11, as hotels reported 100% occupancy on the eve of TDP national president N. Chandrababu Naidu’s swearing-in as Chief Minister which is scheduled to be held at Kesarapalle near Vijayawada on June 12. Around 250 hotels in the city, each having an average of 40 rooms, are booked to full capacity, with …

Hotel industry expected to witness revenue growth of 7-9% in FY2025; spiritual tourism to drive demand
10 months 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, 1 month 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’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 …

Consumers ready to spend over ₹15 crore on luxury properties
1 year, 10 months ago

Consumers ready to spend over ₹15 crore on luxury properties

The Hindu  

When it comes to luxury homes, consumers are picking up spacious properties and are willing to spend over ₹15 crore to buy such spaces. There is a definitive shift in the mindset of home buyers who want to move from independent houses to high end luxury apartments which is driving the demand,” said Ceebros Managing Director C. Subba Reddy. Its …

Luxury holiday home rentals rebound as second wave ebbs
3 years, 6 months ago

Luxury holiday home rentals rebound as second wave ebbs

Live Mint  

Affluent Indians are choosing to rent private holiday homes to ensure privacy and hygiene as the easing of lockdowns in many states following a decline in covid-19 cases spurs them to start travelling again. Companies such as SaffronStays, Vista Rooms and Lohono Stays, who manage luxury holiday homes across India, said they are seeing a jump in demand when compared …

Luxury Hotels are Open Again, But Would You Go Out for a Casual Weekend?
4 years, 2 months ago

Luxury Hotels are Open Again, But Would You Go Out for a Casual Weekend?

News 18  

After almost seven months of the Covid-19 pandemic locking India down, I reluctantly accepted a dinner invitation from one of the top hotels in New Delhi. We have also placed UV sanitisation boxes at our hotels to disinfect additional items, including cash.” One of the ways in which ITC Hotels is looking to get the revenue flow back is its …

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