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Development Opening

Hyatt Place Vijayawada Marks the Debut of the First Hyatt Place Hotel in Andhra Pradesh

Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Place Vijayawada, a modern haven offering 81 rooms and suites. The hotel marks the debut of the Hyatt Place brand in the state of Andhra Pradesh - a significant landmark in Hyatt's brand growth in the market. Developed by RVS Conventions Private Limited, the property features the Hyatt Place brand's intuitive design, casual atmosphere, and practical amenities, such as free Wi-Fi and 24-hour food offerings.

Hyatt Place
Vijayawada, India
Development Opening

Espire Hospitality Group (India) Opens Country Inn Premier – The Prominence, Dehradun

Espire Hospitality Group, one of India's leading hospitality companies announced the opening of its second property under their upscale brand 'Country Inn Premier' in Uttarakhand, 'Country Inn Premier - The Prominence, Dehradun'. Nestled in the foothills of majestic Himalayas, this upscale hotel offers a perfect blend of contemporary aesthetics and enriching experiences, coupled with the brand's signature heartfelt hospitality.

Country Inn Hotels & Resorts
Dehradun, India
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Opinion Article Markets & Performance

HVS Monday Musings: Indian Hotel Sector – H1 2023 Performance Review

Demand patterns in the Indian Hotel sector are normalizing after the severe fluctuations of the past three years. Even though revenge travel is gradually declining, demand in the leisure segment remains strong. Meanwhile, the MICE segment and corporate travel segment are continuing to recover, despite the hybrid work culture, online meetings, and higher airfares slowing the turnaround rate. As a result, the sector witnessed an average nationwide occupancy rate of 63-65% in the first half of the calendar year 2023 (H1 2023), showcasing an increase of 6-8 percentage points (pp) from the same period in 2022. India’s average hotel rates saw a strong increase of 30-32% in H1 2023 compared to H1 2022 and were 21-23% higher than in H1 2019. The steady rise in average rates helped the nationwide RevPAR to reach INR4,650-4,850, reflecting a growth of 46-48% compared to H1 2022.

Mandeep LambaDipti MohanDhwani Gupta
By Mandeep Lamba, Dipti Mohan, and Dhwani Gupta
India
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Development Opening

Unveiling Radisson Blu Resort, Kumbhalgarh: A spectacular retreat in the heart of Rajasthan

Radisson Hotel Group is proud to unveil Radisson Blu Resort, Kumbhalgarh in the heart of Rajasthan's best-kept secret. Nestled amidst the majestic Aravalli Range, this exquisite resort is poised to redefine the region's hospitality landscape by delivering a comfortable and stylish experience to guests backed by the Group's unparalleled service standards.

Radisson Blu
Kelwara, India