Page 2 - Luxury Hospitality
PRS Oberoi, pioneer of Indian hospitality industry, passes away at 94
In 2008, Oberoi was awarded the Padma Vibhushan, India's second-highest civilian honour for his contributions to the hospitality industry
 "PRS Oberoi, pioneer of Indian hospitality industry, passes away at 94")
Expect premium hotel occupancy in India to be at decadal-high of 72%: Icra
Premium hotel occupancy in India is estimated to be at a decadal-high of 70-72 per cent with average room rates expected around Rs 6,000 to Rs 6,200 in FY24, ratings agency ICRA said on Wednesday. Consistent improvement in consumer sentiments despite the inflationary environment, stable corporate performance, and domestic air passenger traffic inching above pre-Covid levels augur well for travel and hotel demand, ICRA said in a statement. The ratings agency said it "estimates pan-India premium hotel occupancy at around 70-72 per cent in FY2024, after recovering to 68-70 per cent in FY2023." Pan-India premium hotel average room rates (ARRs) are expected to be at Rs 6,000 to Rs 6,200 in FY2024, it added. "While the occupancy is expected to be at decadal highs, the RevPAR (Revenue per available room) is expected to remain at a 20-25 per cent discount to the FY2008 peak," ICRA said. ICRA Ltd Vice President and Sector Head Corporate Ratings, Vinutaa S said gateway cities like Delhi an
 "Expect premium hotel occupancy in India to be at decadal-high of 72%: Icra")
 "Planning a trip to Goa? Visit Hammerzz: The Luxury Night Club for stunning parties")
Hospitality sector's per-room revenue grew 89.6% YoY in Q3: JLL report
Room demand across business cities remained strong during the quarter, primarily driven by MICE and other business-related travel
 "Hospitality sector's per-room revenue grew 89.6% YoY in Q3: JLL report")
Open skies bring flood of enquiries from overseas to luxury retreats
Ananda in the Himalayas, a destination spa resort in the foothills close to Rishikesh, has witnessed an all-time high interest from foreigners
 "Open skies bring flood of enquiries from overseas to luxury retreats")
Suba Group's Click acquires controlling stake in leisure group1589 Hotels
Click Hotels envisions crossing 3,000 rooms and plans to have a pan India presence by 2021.
 "Suba Group's Click acquires controlling stake in leisure group1589 Hotels")
Marriott hotels to add 7 seven new properties in India as visitors check in
Group is operating at 50 per cent plus room occupancy, says senior executive as industry bets on domestic leisure travelers
 "Marriott hotels to add 7 seven new properties in India as visitors check in")
The Chambers: Refurbished members-only club at Taj hotel reopens today
Originally opened in 1975 at the Taj Mahal Palace in Mumbai, The Chambers came to Delhi in 1982
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Free salons to discounted room rates: Hotels go all out to lure guests
French hospitality major Accor that operates hotels under Pullman and Novotel brands in India, is offering flat discounts on bookings
Marriott International offers 30% discount at all its hotels in South Asia
The scheme covers more than 90 hotels across India, Nepal, Bhutan, Bangladesh and Sri Lanka.
Grab a slice of India's glorious past at these magnificent palace hotels
The gateway to India's regal heritage, the vintage art and architecture, anecdotes and ambience of heritage hotels offer a unique experience to those soaking into the country's culture
 "Grab a slice of India's glorious past at these magnificent palace hotels")
IHCL, GIC strike Rs 4,000-crore deal to acquire premium hotels in India
Analysts say partnership is a win-win for both, given the long gestation period in the sector
 "IHCL, GIC strike Rs 4,000-crore deal to acquire premium hotels in India")
German hotel chain to enter India with MBD
The two have formed a joint venture company that will operate, manage and franchise hotels in India under the MBD Steigenberger brand
 "German hotel chain to enter India with MBD")