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Report

December 19, 2013

India - a 2013 market snapshot and the outlook for 2014 and beyond

General elections in or before April will impact policy initiatives and growth in the early part of 2014; greater political stability and sagacity will help the nation – distinct lack of bipartisan spirit has damaged the economy, its growth rate, investment attractiveness and mood. Under the right policy framework, India has much to offer for investment, growth and profit.

Horwath

Opinion Article

December 18, 2013

India: 2013 State Ranking Survey

The State Ranking Survey, conducted for the first time by HVS in 2009, was the first-ever initiative to assess the competitiveness of various states within India from the hospitality industry's viewpoint. In our inaugural report, our objective was to apply an analytical approach in order to identify the gaps in the Travel and Tourism industry, and highlight initiatives or inattention by the different state governments in India. That this effort will encourage the state governments and the political leadership therein to take a more favourable stance towards the industry has always remained our conviction. It is indeed a positive reaffirmation to see that a number of state governments have implemented constructive measures and shown commendable progress, evident from the latest rankings revealed in this report. Five years hence, HVS is pleased to present its third edition – State Ranking Survey 2013.

By Manav Thadani, Chairman - HVS Asia Pacific, HVS

Opinion Article Development

December 18, 2013

India: Impact of Infrastructure Listing on Hotel Investments

Our article quantifies the impact of the recent infrastructure listing announcement on a typical hotel investment and the benefits to both investors and banks. The inclusion of hotels with a development cost of over `200 crores and convention centres with a development cost of over `300 crores to the infrastructure lending list early October comes as a welcome step for an industry that has always been saddled with high interest rates, short repayment terms and consequently high debt service payments, all of which have been further exacerbated by the economic downturn. According to the Gazette issued by the Finance Ministry, the development cost thresholds include interest during construction but exclude land cost and lease charges.

By Kaushik Vardharajan

December 6, 2013

Hilton Wo Signs Agreement for Hilton Garden Inn Brand Hotel in Lucknow, India

Hilton Worldwide today announced the signing of a management agreement with Amrit Bottlers Private Limited for a Hilton Garden Inn hotel in Gomti Nagar, Lucknow. Hilton Garden Inn, part of the Hilton Worldwide portfolio of ten brands, is an award-winning brand of upscale yet affordable hotels. Strategically located in Gomti Nagar, the business, financial and entertainment district of Lucknow, Hilton Garden Inn Lucknow Gomti Nagar will offer easy access to the technology parks, government institutions, commercial and business hubs, and entertainment and shopping centers in the area.

Hilton

Gomti Nagar, Lucknow, India

November 27, 2013

Hilton Worldwide Signs Agreement with Goverdhandham Estate Pvt. Ltd. for a Hilton Garden Inn Brand Hotel in Jaipur

Hilton Worldwide today announced the signing of a management agreement with Goverdhandham Estate Private Limited for a Hilton Garden Inn hotel in Jaipur. Hilton Garden Inn, part of the Hilton Worldwide portfolio, is an award-winning, upscale, yet affordable hotel brand that strives to ensure today's travelers have everything they need to be most productive on the road. Hilton Garden Inn Jaipur/Amer Fort is scheduled to open in the last quarter of 2015 in Jaipur, among the most popular leisure and tourist destinations in India that is home to some of the country's most extravagant palaces, forts and temples.

Hilton

Jaipur, India

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November 26, 2013

Rizwan Shaikh has been appointed as General Manager at Fairmont Jaipur

haikh has over 17 years experience of working in the luxury hotel space. He started his career in 1995 as a Management Trainee with Sterling Holiday Resorts, Ooty. He joined Holiday Inn, Goa, India in 1997 as Duty Manager and held progressive rooms division positions in various hotels throughout India. In 2005 he was appointed Executive Assistant Manager with Oberoi Hotels and Resorts at the Trident Hilton Bhubaneswar, India and a year later was promoted to General Manager of the same hotel. In 2010 Shaikh joined the first Four Seasons Hotel in India, at their property in Mumbai, as the Hotel Manager and joins us from his most recent position as Hotel Manager, Four Seasons Hotel Singapore where he transferred in 2012.

FRHI

Jaipur, India

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November 19, 2013

Jai Kishan has been appointed as General Manager at Novotel Hyderabad Convention Centre (NHCC)

Jai Kishan has been appointed as the General Manager Operations for Novotel Hyderabad Convention Centre (NHCC) and Hyderabad International Convention Centre recently.

Accor

Hyderabad, India

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The Zuri Hotels & Resorts

November 14, 2013

Sarat Valsraj has been named General Manager at The Zuri Kumarakom, Kerala Resorts & Spa

With over 17 years of hospitality experience, Mr. Valsraj brings with him keen managerial and strategic insights and learning that he seeks to implement in his new role at Zuri. An advantage he believes he has gained from the hands-on experience of rising up the ranks through many fruitful years of holding various responsibilities across different hotels and regions.

Kumarakom, India

November 13, 2013

IHG Expands India Footprint with Opening of Holiday Inn Amritsar Ranjit Avenue

InterContinental Hotels Group (IHG) has marked its presence in Punjab with the opening of Holiday Inn Amritsar Ranjit Avenue. The hotel is the newest addition to IHG’s growing portfolio in India and is the seventh Holiday Inn hotel in the country. The 145-room hotel is located in the centre of Amritsar’s premier commercial district, Ranjit Avenue, giving travellers the opportunity to experience everything Amritsar has to offer.

IHG

Press Release Human Resources

November 12, 2013

Sunjae Sharma has been named Area Director- Bengaluru, Chennai, Hampi and Kathmandu at Hyatt International

A graduate from the Institute of Hotel Management, Sharma started his Hyatt innings with the Grand Hyatt in Delhi as Director of Food & Beverage. His next destination was Hyatt Regency Kolkata as Director of Operations, owing to his passion for perfection and the exemplary people management skills. In 2009, Sharma was assigned the challenging and exciting responsibility of opening Hyatt Regency Chennai, Hyatt International’s first foray into South India.

Hyatt

Chennai, India

November 6, 2013

Hilton Worldwide signs strategic academic alliance with Christ University’s Department of Hotel Management, India

Hilton Worldwide and Christ University's Department of Hotel Management, have signed an agreement to cultivate talent for the country's rapidly growing hospitality industry. Under the Hilton Class programme, Hilton Worldwide will offer students from Christ University rigorous on-the-job practical training and a theoretical curriculum designed to equip them for successful careers in hospitality.

Hilton

Bangalore, India

November 4, 2013

IHG & Brigade Group to open 10 Holiday Inn Express hotels in India

InterContinental Hotels Group (IHG) has signed a deal with South India's leading real estate developer, Brigade Group. Under the agreement, 10 Holiday Inn Express hotels are to be built in southern India, owned by Brigade Group and managed by IHG. The newly-signed hotels will add to IHG's strong pipeline of properties of the Holiday Inn brand family, which now represent 88% of IHG's growth in India.The first two hotels under this partnership will open in Bangalore in early 2017, while the remaining eight hotels are scheduled to open within the next four to seven years. IHG and Brigade Group are currently in partnership for the Holiday Inn Tidel Park in Chennai, which is scheduled to open at Old Madras Road (OMR) in the second quarter of 2015.Said M.R Jaishankar, Chairman & Managing Director, Brigade Enterprises Ltd., "Hospitality is an important business unit for the Brigade Group and we are working on strengthening this expertise. Partnering with IHG is ideal as the company brings with it many years of international hotel management experience with global brands like Holiday Inn. This will complement our local business knowledge and add to our success." Douglas Martell, Vice President Operations South West Asia, IHG commented, "India's middle class is fast expanding and this is fuelling the demand for the midscale, select-service segment and thus our Holiday Inn Express brand – it is a brand that caters to the value- conscious traveller who is self-sufficient and purpose driven. We have no doubt the business model of the brand will provide The Brigade Group with good returns on investment per hotel and we are delighted to have this opportunity to extend our relationship with the Group and expand the brand's presence in India."IHG currently has 14 hotels open in nine cities in India. Following the agreement, the group will have 57 hotels in pipeline – 50 of these being Holiday Inn or Holiday Inn Express hotels.Since its launch in 1991, Holiday Inn Express hotel has been one of the largest and fastest growing hotel brands in the world. There are 2,222 hotels open across the globe and 473 in IHG's global pipeline.

IHG

October 31, 2013

Ritz-Carlton Opens First Hotel in India

The Ritz-Carlton Hotel Company, L.L.C., has officially opened the doors of its first luxury hotel in India. Located on Residency Road in the heart of downtown Bangalore, the hotel is part of a destination renowned for its world-class shopping, dining and entertainment.

Ritz-Carlton

Bangalore, India

October 30, 2013

JW Marriott Brand Debuts Two New India Properties Weeks Apart

Marriott International, Inc.'s (NASDAQ: MAR) global luxury brand JW Marriott Hotels & Resorts is continuing to grow it's India portfolio with the opening of two new hotels – in Bengaluru and New Delhi –within weeks of each other. These will be JW Marriott brand's fourth and fifth hotels in India, and 61st and 62nd properties worldwide.

Marriott

New Delhi, India

Supplier News Technology

October 22, 2013

Indian OTA partners with eRevMax for deeper integration

India-based OTA, Cleartrip, has completed integration with eRevMax to offer XML connectivity to eRevMax's growing base of hotel customers. Hotel companies partnering with Cleartrip will now be able to make real-time ARI (Availability, Rate & Inventory) updates and receive bookings generated on these channels through eRevMax solutions directly into their property management system.

eRevMax Ltd.

Kolkata, India

Press Release Operations & Strategy

October 14, 2013

Oakwood Expands Footprint In India With New Bangalore Property

Oakwood, part of the Oakwood Worldwide portfolio of brands, introduces a new standard of serviced living in Whitefield, Bangalore with the opening of the Oakwood Residence Prestige Whitefield Bangalore on 5 October 2013. This elegantly appointed property in the famed ‘Silicon Valley of India’ adds to Oakwood’s existing four properties in India with three additional properties slated to join the portfolio by 2016.

Oakwood

Bangalore, India

October 10, 2013

BridgeStreet Expands In India, Enters Long-term Agreement With JNB Group And Homestead

BridgeStreet – the leading international provider of residences, serviced apartments and suites – proudly announces a milestone achievement in India through a 20-year, tri-party agreement with JNB Group, LLC (JNB), a privately owned real estate investment and development consortium renowned for franchising and management, and Homestead, a real estate development company specializing in boutique branded residences. BridgeStreet's latest venture further expands the brand to the emerging Indian market, encompassing property and facilities management for two new luxury residences by Homestead - Michael Schumacher World Tower and Ballet by Sharapova. The agreement also entails a comprehensive long-term commitment to exclusively collaborate on future Homestead serviced apartment developments throughout the world.

BridgeStreet

October 9, 2013

Marriott International Introduces Fairfield Brand to Asia with Fairfield Bengaluru Rajajinager Opening

Marriott International, Inc. (NYSE: MAR) expands its brand offering today in Asia with the opening of its first Fairfield by Marriott hotel in Bengaluru, India. Known as an established leader in the moderate tier segment, the brand offers guests a productive stay with well-designed rooms and consistent and reliable service at an exceptional value. Considered a growth engine for the company's expansion in Asia with 12 hotels signed in India and additional properties signed in Nepal and Indonesia, Fairfield represents an excellent opportunity for Marriott International to move into new locations and markets.

Marriott

Bengaluru, India

October 8, 2013

Asia Pacific portfolio gets a boost with seven new signings in India, China and Indonesia

Carlson Rezidor Hotel Group, Asia Pacific announced the signing of seven new hotels during the second quarter of 2013, including new Radisson Blu, Radisson and Country Inns & Suites By Carlson hotels that will strengthen Carlson Rezidor's presence in gateway cities like Shanghai, as well as emerging cities and leisure destinations, such Noida and Gorai Island in India. The signings also include a hotel in the holiday destination of Batam, marking Carlson Rezidor's entry into the Indonesian market. These latest deals bring Carlson Rezidor's Asia Pacific portfolio to 91 hotels in operation and 65 in development.