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2024 India Accommodation Barometer: Key Trends and Insights

2024 has been a standout year for Indian hoteliers, with positive sentiments expressed by survey respondents across all major economic metrics. Twothirds of Indian accommodations reported good or very good business performance over the past six months, reflecting a substantial improvement from 2023 when the Barometer survey was first conducted. In comparison, only half of accommodations expressed similar optimism last year.

IHG establishes stronghold in Chennai with signing of Holiday Inn Chennai Vandalur

IHG®Hotels & Resorts, one of the world's leading hotel companies, has signed a management agreement with Sakthi Elegant Towers India Pvt Ltd to develop Holiday Inn Chennai Vandalur. Scheduled to open in 2026, the new hotel will add 200 keys to IHG's growing presence in South India. Driven by market demand, continues to expand its footprint in key Indian cities.

Accor Brings first Novotel to the Land of Taj

Accor, a world-leading hospitality group, proudly announces the signing of Novotel Agra Fatehabad Road, marking the debut of the Novotel brand in Agra City. Set to open in 2029, this new address will exemplify Novotel's commitment to championing balanced living, balancing business and leisure to create a seamless experience for guests visiting the home of the iconic Taj Mahal.

Nikhil Pol has been appointed as Chief Engineer at Moxy Mumbai, Andheri West

Moxy Mumbai, Andheri West, part of Marriott Bonvoy's distinctive portfolio, is honored to announce the appointment of Mr. Nikhil Pol as the Chief Engineer.With nearly a decade of experience across several distinguished properties, Nikhil Pol brings a deep expertise in engineering and facility management that will be pivotal in driving operational excellence at Moxy Mumbai.

Signing of Ramada Resort by Wyndham Omkareshwar Khandwa Road in Madhya Pradesh

MRVH Resorts Private Limited, a real estate company with interest in hotels and housing, is pleased to announce its partnership with Wyndham Hotels & Resorts to open Ramada Resort by Wyndham Omkareshwar Khandwa Road. This franchise agreement signing highlights the MRVH's dedication and commitment to bring world class hospitality experience to the destination with the right mix of facilities to cater to leisure and MICE guests.

Signing of Ramada by Wyndham Vrindavan in Uttar Pradesh

Shri Vrindavan Residency (SVR), a real estate firm with interest in hotels, residential and commercial sectors, is pleased to announce its partnership with Wyndham Hotels & Resorts to open Ramada by Wyndham hotel in Vrindavan. This franchise agreement signing highlights SVR's dedication to bring elevated hospitality experience to the temple city with a variety of facilities to cater to leisure, weddings and MICE guests.

Grand Mercure Debuts in Goa

Grand Mercure Hotels & Resorts, renowned for celebrating national culture and stimulating the senses, is pleased to announce the inauguration of Grand Mercure Goa Candolim - an exquisite new addition to Goa's picturesque landscape. Nestled in the lively heart of Candolim, the 87-room hotel invites guests to connect with the destination's national heritage through locally inspired dishes, beverage ceremonies, wellbeing traditions, and thoughtful design.

Abhishek Sharma has been appointed as General Manager at Aloha On The Ganges, Rishikesh

Leisure Hotels Group (LHG), North India's leading experiential resort chain and the largest in Uttarakhand is pleased to announce the appointment of Abhishek Sharma as the new Resort Manager of its flagship resort, Aloha On The Ganges, Rishikesh. Known for its serene riverside setting and immersive guest experiences, Aloha On The Ganges stands as an iconic resort for those seeking wellness and spiritual rejuvenation.