Author: HBI Staff | Hyderabad
The hospitality sector is experiencing an upcycle, driven by strong domestic demand and favorable demographics, despite a decline in international tourist inflows. With supply trailing demand, investments in infrastructure and connectivity are on the rise, pushing average revenue per room (RevPAR) growth to 8-9% this fiscal, following a 14% increase last year. The industry, which currently has 1,66,000 branded hotel keys, is projected to add 55,000 keys over the next five years, reflecting an annual growth rate of 4.5-5.5%. A CareEdge estimate reveals that the industry’s RevPAR grew 14% in FY2024 and is expected to increase by 8-9% in FY2025.…
The 63rd Annual General Meeting of the Hotel & Restaurant Association of Eastern India (HRAEI) took place at The Park Hotel, Kolkata, on September 26, 2024. During the subsequent Managing Committee meeting, Sudesh Poddar was re-elected as president for the 2024-2025 term. A prominent figure in the hospitality industry, Poddar owns several properties in Kolkata and has previously served as president of the Federation of Hotel & Restaurant Associations of India (FHRAI). His vast experience has secured him key roles within prestigious bodies, including the Hotel & Restaurant Approval & Classification Committee (HRACC) (Eastern Region), West Bengal State Tourism Task…
Oktoberfest, the world’s largest beer festival, has transcended its Bavarian roots to become a global celebration. This annual celebration, traditionally held in Munich, Germany, this 16-18 day event traditionally held from late September to early October, is synonymous with beer, food, and merriment, is now celebrated by millions worldwide. For the F&B industry, the festival represents more than just beer. It’s a unique opportunity to engage customers, boost revenue, and build brand loyalty. In India, Oktoberfest has found its footing, becoming a vital part of the hospitality sector’s calendar, particularly in hotels, restaurants, and pubs that cater to beer lovers…
Eco Hotels and Resorts Limited, a recent entrant in the hospitality sector with a promise to make 100% of the hotels under its operation as carbon neutral, gladly announces the addition of its newest property – ‘EcoXpress,’ in Nagpur adding 44 rooms to its portfolio. This latest development demonstrates the company’s continued assurance to conscious growth, integrating eco-friendly practices with modern hospitality to meet the rising demand for green accommodations across India. This new addition illustrates the hotel’s philosophy of introducing standards in the mid-segment hotels, an area which has largely remained unattended. With the acquisition of this 44-room property…
The Standard has announced that The Standard, Singapore will open in Q4’ 2024. The property follows on the heels of the brand’s successful openings in South East Asia, The Standard, Hua Hin (2021) and The Standard, Bangkok Mahanakhon (2022) both named to Conde Nast Traveler’s prestigious Hot List, with the former granted to distinction of being named the Best Resort in Southeast East Asia. The Standard, Singapore is nestled in the prestigious Orange Grove Road and steps away from both the 150-year-old UNESCO Botanic Gardens and the vibrant Orchard Road shopping district. The property is an urban oasis and effortlessly…
Hyatt proudly announces plans for the debut of two Hyatt-branded hotels in Jaumur, one of Magna’s destinations, located on the coast of Gulf of Aqaba. Park Hyatt Jaumur and Andaz Jaumur Marina will mark a significant milestone in the expansion of Hyatt’s brand presence within the Kingdom of Saudi Arabia and solidify its strategic collaboration with NEOM, a beacon of future living and sustainable luxury. Jaumur offers a visionary blend of land and sea experiences, setting a new standard for coastal luxury living for residents and guests. This exclusive destination features a state-of-the-art 300-berth marina with a gravity-defying cantilever rising…
Eight Continents, a renowned name in the global hospitality industry, is proud to announce the launch of its latest venture, Eight Continents – Consultancy Services. This new vertical marks a significant expansion of the company’s offerings, leveraging its extensive expertise in hospitality and business acquisitions across the United Kingdom, Europe, India, and Africa. The consultancy division is set to provide comprehensive advisory services, designed to meet the unique needs of investors, entrepreneurs, and corporate clients aiming to expand their portfolio in the hospitality sector. Eight Continents has consistently demonstrated its prowess in the acquisition and management of high-value hospitality assets.…
IHCL announced the opening of Ginger Delhi, Chanakyapuri embodying the brand’s signature lean luxe philosophy, providing guests with a contemporary and comfortable stay. Speaking on the occasion, Puneet Chhatwal, Managing Director & CEO, IHCL, stated, “Situated in one of New Delhi’s most prominent locations, Ginger Delhi, Chanakyapuri strengthens IHCL’s presence in the capital, an ideal address for both corporate and leisure travellers.” He added, “With a rapidly growing portfolio, this opening marks a milestone for Ginger with its 70th operating hotel. A revolutionary hospitality concept with its lean luxe offering, Ginger caters to the rising travel demand in the mid-scale…
Fortune Hotels, a member of ITC’s hotel group, is pleased to announce the appointment of Rajesh Nath as the new Head of Sales and Marketing. With more than 30 years of comprehensive expertise in hospitality sales, Rajesh is poised to take up a critical role in guiding the brand through its next phase of growth and establishing it as a leader in the market. Started as a Management Trainee to being the Head of Sales-South Region with ITC Hotels, Mr Nath has sketched a successful journey marked with his outstanding leadership skill and strategic vision within an intensely competitive landscape.…
ITC Sunfeast Baked Creations has opened its first bakery café in Whitefield, Bangalore, within the FabIndia Experience Store. The café marks the brand’s transition from a cloud-kitchen model to an omnichannel presence, offering a range of gourmet baked treats such as croissants, bagels, pastries, and celebration cakes. The café’s offerings are complemented by ITC’s Sunbean Gourmet Coffee, providing customers with a premium culinary experience tailored to Indian tastes. Inaugurated by Indian cricketer Shreyanka Patil, the café is designed to accommodate up to 30 guests and is ideal for both casual and celebratory gatherings. ITC Sunfeast Baked Creations also plans to…
