Press Releases

HVS ANAROCK: India Hospitality Industry Overview 2024

The year 2024 unfolded as a powerful reminder of the world’s dynamic nature, a blend of geopolitical shifts, climate extremes, and economic recalibrations. Pivotal elections in India, France, the UK, and the US reshaped political narratives. At the same time, global conflicts, from the war in Ukraine to unrest in the Middle East, continued to impact economies and traveler sentiment. Yet, moments of celebration stood tall: the Paris Olympics united nations, the ICC Men’s T20 World Cup thrilled cricket fans, and global pop culture events like Taylor Swift’s Eras Tour captivated millions.

PolyU Unveils Large Language Model-based Tourist Satisfaction Index, Providing Comprehensive Analysis to Enhance Hong Kong Tourism Service Quality

As tourism, one of the major pillars of the Hong Kong economy, gradually recovers from the pandemic, the government has planned a series of measures to promote the all-round development of the tourism industry. The Research Centre for Digital Transformation of Tourism (RCdTT) of The Hong Kong Polytechnic University (PolyU) School of Hotel and Tourism Management (SHTM) has developed an innovative, Large Language Model-based assessment framework – the Hong Kong Tourist Satisfaction Index (HKTSI) – to evaluate the satisfaction level of inbound tourists to Hong Kong from 2012 to 2024 across different tourism-related sectors, temporal scales and regions. Findings reveal that, while performance variations across different regions were clearly indicated, the TSI rebounded and reached its highest-ever recorded score after the temporary decline during the pandemic.

Accor Expands in Central India with Signing of Novotel and ibis Styles in Indore

Accor, a global leader in hospitality, proudly announces the signing of Novotel Indore Super Corridor and ibis Styles Indore Super Corridor, solidifying its presence in one of Central India’s fastest-growing commercial hubs. Scheduled to open in 2029, this 310-key dual-branded hotel development will cater to Indore’s increasing demand for high-quality accommodations, supporting its transformation into a leading business and lifestyle destination.

Kempinski Hotels Extends Strategic Partnership with BTG Hotels to Grow Luxury Hospitality Offering in China

Building on over 30 years of partnership in the luxury industry in China, Kempinski Hotels and BTG Hotels (Group) Co., Ltd. (BTG Hotels) are pleased to announce a new chapter in their strategic partnership in China. Kempinski Group has started executing a strategic plan aimed at reclaiming and strengthening the market leadership the oldest European hospitality company has enjoyed for over 150 years.

Accor will bring luxury hospitality to both city and country in the culturally rich region of Rajasthan

Accor and Sukhani Ventures today announced plans to bring two of Accor’s most storied luxury brands – Raffles Hotels & Resorts and Sofitel Legend – to the vibrant region of Rajasthan in Northern India. Raffles Ranthambore will be a 63-villa ultra-luxury resort residing among the famed Ranthambore National Park, appealing to families, intrepid adventurers, and wildlife enthusiasts. A mere 130 km away, Sofitel Legend Sukh Bagh Jaipur will be a 300+ key urban oasis in the Kukas Amer region of Jaipur, ideal for events, weddings, and corporate retreats. Raffles Ranthambore is expected to open by mid-2027 and Sofitel Legend Sukh Bagh Jaipur by late 2028.

Radisson Hotel Group Crosses the 200 Hotels Mark in South Asia with the Signing of Five New Hotels

In line with its ambitious growth plan for 2025, Radisson Hotel Group has reached a historic milestone in India with crossing 200 hotels, following the signing of five new hotels. This achievement reflects the Group’s strategic expansion across high growth markets and cements its position as one of India's largest international hotel operators. The 128 operational hotels (14,209 keys) and 77 properties (8,619 keys) under development is a testament to its scalable business model and owner confidence.

IHG Hotels & Resorts Launches Midscale Conversion Brand, Garner, in India with Dual Hotel Signing

IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of two Garner hotels in India, marking the brand’s debut with properties in Etawah in Uttar Pradesh and Kathua in Jammu & Kashmir. Scheduled to open in of 2026 Garner Etawah and with 2027 opening, Garner Kathua will be developed in partnership with Madan Infradevelopers Pvt Ltd and Rudraksh Nakshatra Hotel Pvt Ltd, respectively. This milestone underscores IHG’s commitment to expanding its footprint in India, positioning Garner as a preferred choice for travelers seeking high-quality, affordable stays.

IHG Unveils Strategic Overhaul of its Upper-Midscale segment in Greater China’s Hotel Market

IHG Hotels & Resorts has recently announced a bold strategic overhaul of its four upper-midscale brands in Greater China — Atwell Suites, EVEN Hotels, Holiday Inn, and Holiday Inn Express. Focused on optimizing investment structures and ongoing brand refreshments, the upgraded strategy is designed to deliver high-efficiency, high-return solutions for hotel owners in this fast-evolving market.