The scope of this publication is to assess current trends and future opportunities for the hotel industry in India. As always, apart from conducting specific research for this publication, we have included macro data provided by the Department of Tourism. The publication briefly discusses the tourism industry in India in the context of the current economic scenario and presents the results of our survey on the performance of branded hotels, analysed by each segment of the hotel market, as well as by major cities. Our study also provides an overview of supply and demand conditions in the hotel market in India. As in previous editions of this report, we have, once again, presented our assessment of industry trends and developments; this is included as part of the ‘Future Trends’ section.

Manav Thadani, Managing Director, HVS International-India, joined HVS International's New York office as a Consultant and Valuation Analyst in 1995. Prior to joining HVS, he gained six years of operational experience in various hotels in New York City. He moved to the London office in early 1997 and then opened HVS International’s New Delhi operations. Mr. Thadani, with partner Stephen Rushmore owns the New Delhi operations of HVS International. In 2001, along with Keith Kefgen and Stephen Rushmore, he launched the HVS Executive Search division in India. He has conducted various feasibility and market studies and performed hotel valuations for many major hotel chains and investment banks around the globe. Mr. Thadani has a BS degree in Hotel and Restaurant Management, School of Education, New York University and MA in Food Service Management, School of Education, New York University.

HVS International is a hospitality services firm providing industry skill and knowledge worldwide. The organization and its specialists possess a wide range of expertise and offer market feasibility studies, valuations, strategic analyses, development planning, and litigation support. Additionally, HVS International supplies unique knowledge in the areas of executive search, investment banking, environmental sustainability, timeshare consulting, food and beverage operations, interior design, gaming, technology strategies, organizational assessments, operational management, strategy development, convention facilities consulting, marketing communications, property tax appeals and investment consulting. Since 1980, HVS International has provided hospitality services to more than 10,000 hotels throughout the world. Principals and associates of the firm have authored textbooks and thousands of articles regarding all aspects of the hospitality industry. Click here for more...

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