Atmosphere Core’s Post

This is what the future of the hospitality sector looks like to me: #LinkedInInsiderIndia The Indian hospitality sector is experiencing a boost in demand due to healthy economic growth, strong demand for MICE, wedding events, increase in foreign tourist and domestic passenger traffic. However, hotel stays in India are expensive, and there is a need for price correction for budget and business travelers. Basic amenities and hygiene standards must also be upheld to ensure overnight stays are comfortable. Despite challenges, the demand for the hospitality industry is expected to continue to grow. 

This is What i Came Across When i was Researching About One of our Client that is Based in Hotel Industry Market Growth: The Indian hotel industry growing at a CAGR of 8% Key factors driving this growth : a) Domestic tourism b) Increase in business travel, c) Government initiatives like Incredible India 2.0. Post-pandemic : a) 60% increase in hotel bookings. b) staycations c) work-from-resort trends, Peak season in India’s a) October to March (Diwali, Christmas, New Year). b) April to June ( families and student vacations). follow Sarvesh Yadav for more #marketing #marketingwithsharryy #digitalmarketing #hotels #trends

🌟 Day 2 of FHRAI's Annual Convention: Focus on Business Growth, Sustainability & Industry Trends 🌍💼 The second day of FHRAI’s Annual Convention brought together hospitality leaders to discuss new opportunities in sustainability, restaurant trends, and the growing wedding tourism market. 🚀 Minister Nitin Gadkari emphasized the importance of hospitality in job creation and tourism development. 🛣️ Mugdha Sinha from the Ministry of Tourism stressed the need for seamless international wedding tourism, presenting India as a top wedding destination. 💍✈️ Discussions on technology in dining and luxury wedding venues explored how the hospitality industry can tap into emerging trends and revenue opportunities. 🍽️🏨 FHRAI President, Pradeep Shetty, reiterated the sector’s focus on driving growth and sustainability while creating more jobs for India. 💪 #FHRAI2024 #HospitalityGrowth #SustainabilityInHospitality #WeddingTourism #TourismGrowth #RestaurantTrends #EconomicDevelopment #HospitalityInnovation #IndiaGrowthStory

Hilton has signed a strategic licensing agreement with Olive by Embassy, set to open an additional 150 hotels in India. The agreement comes as a result of Hilton’s long-standing partnership with The Embassy Group, owners of Hilton Bengaluru Embassy Manyata Business Park and Hilton Garden Inn Bengaluru Embassy Manyata Business Park. This agreement reinforces Hilton’s ambitious growth in South Asia and brings a new premium economy brand to the dynamic Indian market. The first Spark by Hilton hotels will open in Southern India with a focus on Maharashtra, Andhra Pradesh, Telangana, Goa, Karnataka and Tamil Nadu. 🔗 Read more online! #hilton #olivebyembassy #hotelexpansion #newbuild #hotelgrowth #hotelmagazine #hotelnz #nzhotel #hotelindustrynz #nzhotelindustry #tourismnz #tourismindustrynz #boutiquehotels #travel #travelnz #nztravel #hoteliers #hoteldesign

Day-2: Write 90 Day’s challenge on hospitality sector in India. 1.The hospitality market in india is growth due to country rich culture & diversity, attracting global guest. Spiritual Tourism rises in domestic level, driven by growing middle class & increased disposable income. Indian Hospitality market size is US247.31b $ to 2029 estimate market size growing to US 475.37b$. CAGR = 14% round figure. Indian Hospitality Big Player’s. Oberoi Hotels & Resorts The Park Hotel ITC Hotels Lemon Tree Hotels Taj Hotels Market Concentration: Is average not to market dominated 1-5 major player or high competition market without dominant players is average of both see image.

Marriott International is poised for a significant expansion in South Asia, announcing the inauguration of 14 new hotels this year. India will see the lion's share of this growth, with 12 of the new properties set to open across the country, adding approximately 1,200 rooms to Marriott's existing portfolio. Recognizing India as a crucial market, Marriott's expansion strategy is tailored to cater to a wide spectrum of budget ranges and guest preferences. This move underscores Marriott's commitment to strengthening its presence in the region and enhancing its offerings to meet the evolving needs of travelers. A highlight of this expansion is the introduction of Marriott’s prestigious Ritz-Carlton brand to northern India. The Ritz-Carlton, Amila Hills in Shimla, is slated for a grand opening in May 2029. This highly anticipated property promises to bring luxury and unparalleled service to the scenic hills of Shimla, further elevating Marriott's brand presence in the country. Marriott's aggressive growth plan in India reflects its confidence in the region's hospitality market and its dedication to providing exceptional experiences for both domestic and international guests. #MarriottInternational #SouthAsiaExpansion #NewHotels #IndiaHospitality #RitzCarltonShimla #LuxuryHotels #TravelIndia #HotelExpansion #MarriottGrowth #HospitalityIndustry #TravelAndTourism #LuxuryTravel #HotelNews #HospitalityMarket #TravelExperiences

#India is one of the top #five growth-focused markets for InterContinental Hotels & Resorts (IHG). In an #interview with Business Standard, Haitham Mattar, managing director of India, Middle East and Africa at IHG Hotels and Sudeep Jain, managing director, South West Asia, IHG Hotels and Resorts said that IHG plans to #double its #portfolio in India in the coming three to five years. Currently, IHG has 46 hotels in India and 58 hotels in the pipeline. "Right now, the biggest focus for IHG is India. It's the largest market. It's the one with a clear strategy for growth. The other markets are actually insignificant when we compare them to India. Like Sri Lanka, we have one hotel in the pipeline. It's not a huge opportunity as it is here in India," Mattar added. Read the full story here: https://lnkd.in/gZSuS-zD #hotel #expansion #growth #hospitality

#𝙄𝙣𝙙𝙞𝙖 #𝙃𝙤𝙩𝙚𝙡𝙨 #𝙈𝙖𝙧𝙠𝙚𝙩: 𝘼 𝘽𝙞𝙡𝙡𝙞𝙤𝙣-𝘿𝙤𝙡𝙡𝙖𝙧 𝙂𝙧𝙤𝙬𝙩𝙝 𝙅𝙤𝙪𝙧𝙣𝙚𝙮 𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝘁𝗵𝗲 𝘀𝘂𝗺𝗺𝗮𝗿𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗿𝗲𝗽𝗼𝗿𝘁: https://lnkd.in/dJtuBBgE 𝑴𝒂𝒓𝒌𝒆𝒕 𝑺𝒊𝒛𝒆 & 𝑮𝒓𝒐𝒘𝒕𝒉 2023 Market Value: USD 32.10 Billion 2030 Forecast: Expected to reach USD 59.44 Billion, growing at a CAGR of 9.4% from 2024 to 2030. 𝑴𝒂𝒓𝒌𝒆𝒕 𝑫𝒚𝒏𝒂𝒎𝒊𝒄𝒔 Several factors are driving the India Hotels Market's growth: Increased tourism: Domestic and international travelers are flocking to India due to its rich culture, expanding hospitality options, and improved infrastructure. GST reduction: A drop in GST rates from 28% to 18% for luxury hotels and from 18% to 12% for midscale hotels has boosted the industry. Expanding hotel projects: Over 481 new hotel projects are planned, with key players like IHCL, Lemon Tree Hotels, and Marriott International accelerating their expansion. 𝑹𝒆𝒈𝒊𝒐𝒏𝒂𝒍 𝑰𝒏𝒔𝒊𝒈𝒉𝒕𝒔 New Delhi remains the dominant market due to its political and economic importance, attracting business travelers and foreign tourists. Chandigarh is emerging as a key player with its modern infrastructure and strategic location, serving both tourists and business visitors. 𝑪𝒐𝒎𝒑𝒆𝒕𝒊𝒕𝒊𝒗𝒆 𝑳𝒂𝒏𝒅𝒔𝒄𝒂𝒑𝒆 The Indian hotel industry is highly competitive, with international giants like Marriott International, Hilton, and Radisson Hotel Group expanding rapidly, alongside domestic players like Taj Hotels, OYO, and The The Leela Palaces, Hotels and Resorts. Innovation, partnerships, and expansion into Tier-2 and Tier-3 cities are driving growth. #IndiaHotels #HospitalityIndustry #MarketGrowth #AIInHospitality #TourismBoost #LuxuryHotels #InnovationInHospitality #SmartTravel

Management Discussion & Analysis: Top 5 Indian Hotel & Resort Companies by Market Leadership 🏨📊 India's hotel and resort industry is booming, fueled by domestic and international tourism, and a rising demand for luxury experiences. Let’s dive into the top 5 market leaders: 1. Indian Hotels Company Limited (IHCL) - ₹23,167.81 crore A pioneer in luxury hospitality with brands like Taj, Vivanta, and Ginger. Growth driver: Expansion in upscale leisure destinations and sustainability focus via its Paathya framework. 2. EIH Limited (The Oberoi Group) - ₹7,513.84 crore Renowned for its ultra-luxury segment and unmatched service excellence. Growth driver: International expansion in luxury and wellness tourism. 3. Chalet Hotels Limited - ₹7,899.85 crore Leading in premium business hotels with partnerships with global brands. Growth driver: Growth in urban hospitality, driven by MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism. 4. Lemon Tree Hotels Limited - ₹5,741.17 crore Dominating the midscale and budget segment with affordable luxury. Growth driver: Expansion in emerging cities and enhanced sustainability initiatives. 5. Taj GVK Hotels & Resorts Limited - ₹1,678.69 crore A key player in Southern India’s hospitality market, strong in business and leisure travel. Growth driver: Expanding into tier-2 cities and premiumization. India's hospitality sector is set for robust growth, capitalizing on increasing domestic and international travel demands. 🌍📈 A Special Thanks To Parth Verma Sir And The Valuation School For The Guidance & Mentoring. #MDandA #IndianHotels #LuxuryTravel #MarketLeaders #TravelAndTourism #BusinessStrategy

Ahead of the upcoming debut of Anantara Hotels, Resorts and Spas in India, we are proud to have partnered with Skift to highlight the 10 insights that are shaping India to be one of the world's most exciting markets through the 2024 Skift India Summit. The report covers important topics, including: - How can travel brands tap into the surge in Indian travellers? - How can travel brands grow and expand within India? - Does India have what it takes to become an outbound travel superpower? Discover valuable insights from Christopher Hartley, CEO of Global Hotel Alliance (GHA), who reflects on emerging hospitality trends that may have begun in India and will impact businesses and consumers around the world for years to come. Download the report now to uncover the opportunities ahead. https://lnkd.in/ggkMTePc #PassionForGrowth #MinorHotels #SkiftIndiaSummit #IndiaTravel #TravelTrends