HBI Staff | Hyderabad 
Hotel industry leaders anticipate robust growth for the sector in the coming years, supported by a persistent demand-supply gap. Ashish Jakhanwala, Chairman, Managing Director, and CEO at Samhi Hotels, highlighted that demand for hotel rooms is currently outpacing supply, which creates significant opportunities for sustained revenue growth. According to Jakhanwala, hotel rates in India have considerable room for upward movement, with long-term forecasts projecting annual revenue growth in high single digits to low double digits. He emphasized that while short-term fluctuations may occur, the overall performance of the sector remains resilient, citing last year’s double-digit growth driven by events like the G20 and the World Cup as an example of sustainable momentum.
Nikhil Sharma, Managing Director and Area Senior Vice President – South Asia at Radisson Hotels, echoed this optimism, noting that November was a record-breaking month for Radisson in terms of revenue and growth. He further projected that December would likely surpass November’s performance, making this quarter the strongest in the brand’s history. Both Samhi Hotels and Radisson Hotels expect double-digit revenue growth for the October-December quarter of FY2024-25 for their same-store hotel portfolios compared to last year.
Samhi Hotels, which manages prominent brands such as Hyatt Regency, Fairfield, Four Points, and Courtyard, operates a portfolio of 32 hotels with 4,943 rooms. Meanwhile, Radisson Hotels runs nearly 130 properties across 78 cities in India, with about half of its properties spread across tier-one, tier-two, and tier-three cities.
Source : CNBC TV 18
