STR Global partners with Horwath HTL in India
STR Global, the leading provider of market information to the global hotel industry, is pleased to announce the expansion of its worldwide operations to India. In partnership with Horwath HTL-India, the new operation includes the appointment of a Business Development Manager based in the offices of Horwath HTL-India in Mumbai.
LONDON -- STR Global, the leading provider of market information to the global hotel industry, is pleased to announce the expansion of its worldwide operations to India. In partnership with Horwath HTL-India, the new operation includes the appointment of a Business Development Manager based in the offices of Horwath HTL-India in Mumbai.
“The increasing importance and growth of the India hotel market is clear, and we are delighted to be strengthening our presence in the region”, said Elizabeth Randall, managing director, STR Global. “This additional resource will allow us to develop more comprehensive market coverage whilst also delivering quarterly city spotlight reports and bi-annual market reports in conjunction with Horwath HTL-India”.
“The availability and analysis of more refined global, national and local comparables will be valuable to the Indian hospitality industry, particularly as competition increases and the market deepens. We look forward to working with STR Global for the benefit of hoteliers, investors, developers and lenders”, said Vijay Thacker, Director Horwath HTL-India.
Year-to-August 2011 hotel performance
Occupancy (%) % chg ADR (INR) % chg RevPAR (INR) % chg Bangalore 59.5 -1.6 7,358.20 3.7 4,376.59 2.0 Chennai 66.1 2.1 6,206.90 -0.8 4,099.68 1.3 Delhi 62.7 -6.7 8,091.29 -0.4 5,074.07 -7.1 Goa 69.4 3.1 5,960.76 3.2 4,138.27 6.3 Hyderabad 56.1 0.6 5,416.92 1.6 3,036.46 2.1 Jaipur 55.6 0.5 5,409.48 10.6 3,005.38 11.1 Mumbai 62.5 7.0 8,457.09 0.4 5,285.16 7.4
Source: STR Global
During August the overall hotel market demand in India was up year to date compared to the previous year across Indian markets. Despite additional hotel supply coming into the cities, rate and occupancy performances have remained positive. As illustrated on the table above, only Delhi experienced a RevPAR contraction. The city’s recent anti-corruption protests seem to have impaired occupancy mainly in July and August. However, Dehli’s RevPAR remained the second highest RevPAR (INR 5,074), only slightly lower than Mumbai.
STR Global now has more than 47,000 rooms participating in its survey across India.
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit
Horwath HTL is the world’s largest hotel industry specialized consulting organization, currently with 50 offices in 39 countries. Horwath HTL-India is based in Mumbai and has conducted assignments in 82 different Indian markets and 14 international markets. In the Asia Pacific region, Horwath HTL has been involved with over 2,000 projects in all phases of the property lifecycle for clients ranging from individually owned businesses to the world’s most prominent hotel companies, developers, lenders, investors, and industrial corporations. Within Asia Pacific, Horwath HTL currently operates out of regional offices in Tokyo, Beijing, Shanghai, Hong Kong, Singapore, Jakarta, Kuala Lumpur, Mumbai, Sydney, and Auckland.