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The Growth Momentum Continues..

FHRAI raises concerns to MOHUA over utilisation of additional FAR by Delhi hotels Despite MPD 2021 provision for increased Floor Area Ratio (FAR) for hotels, a decade-long stagnation persists, impeding the growth and development of the hotel industry in the capital. #HRAWI #hospitalityindustry #hotelassociation #travelandtourism #hospitalityleaders #hoteliers #hospitalityevents #hospitalitynews #hotelmarketing #hotrelcareers #hoteltrends #restaurantnews #FHRAI 

Skye Hospitality has released its maiden market analysis on the pulse of the Indian hotel industry for the first six months of 2024. As per the analysis, 2706 rooms have entered the market in H1 2024. Out of these 994 rooms (~ 37%) consisted of upscale rooms while the remaining (63%) consisted of premium inventories. A total of 22 new projects have opened in H1 2024. Commenting on the future outlook of the industry, Ankit Kansal MD, SKYE Hospitality said, "The next 3-5 years will see aggressive expansion in the industry, as both domestic and international brands will extend their footprint across segments.” Read more: https://lnkd.in/gtH5sKHy #SKYEHospitality #hospitalityindustry

Lighthouse Hotel PLC (LHL) Swings Back to Profitability LHL emerged from a four-year period of losses, driven by a surge in tourist arrivals. This positive turn of events resulted in a significant increase in revenue for both the quarter and the full year. Q4 Performance: Revenue soared by 110% year-over-year (YoY) and 34% quarter-over-quarter (QoQ) to LKR 480 million. LHL also recorded a quarterly profit of LKR 107 million, representing an impressive 891% YoY increase and a 101% QoQ increase. Full-Year Performance: Revenue reached an all-time high of LKR 1.27 billion, reflecting an 89% increase YoY. Profit reached LKR 173 million, marking a 306% increase YoY and the highest profit recorded in the last five years.

𝗜𝗻𝗱𝗶𝗮𝗻 𝗛𝗼𝘁𝗲𝗹𝘀 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗽𝗹𝗮𝗻𝘀 𝘁𝗼 𝗱𝗼𝘂𝗯𝗹𝗲 𝗶𝘁𝘀 𝗵𝗼𝘁𝗲𝗹 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝘁𝗼 𝟳𝟬𝟬+ 𝗮𝗻𝗱 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝘁𝗼 ₹ 𝟭𝟱𝟬 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟯𝟬. ▪️ IHCL aims to double its portfolio to over 700 hotels and grow consolidated revenue to ₹150 billion by March 2030 under its ‘Accelerate 2030’ strategy. ▪️ The company will expand Taj, its luxury brand from 50 to 120 hotels and Ginger Hotels, a midscale brand from 46 to 100 hotels. ▪️ Expansion will be both organic and inorganic, driven by an asset-light model and prudent financial management. ▪️ IHCL plans to spend ₹50 billion on existing properties and new projects while maintaining a net cash-positive position. ▪️ From 350 hotels (28,000 keys) to 700 hotels (70,000 keys), with 90% of the portfolio in India and a focus on mid-scale and boutique offerings. The Indian Hotels Company Limited (IHCL)-CMP ₹ 754 𝗦𝗽𝗲𝗰𝗶𝗮𝗹 𝗧𝗵𝗮𝗻𝗸𝘀 James Heath Greenwich Partners 🔶For more updates, follow Sushant Kawade #Equityresearch #HospitalityInvestment #SectorInvesting #InvestmentStrategy #MarketAnalysis

Excited to share our achievement in partnership with a prominent hotel chain! GDH spearheaded a remarkable upgrade to their property management system, enhancing efficiency and performance to unprecedented levels. Click below to explore the details of this successful case study! #PropertyManagement #SystemUpgrade #SuccessStory #OneGDH

Certares and HHM Hotels Acquire Downtown San Diego Property for $250M Read the full article below..

"1 Hotel Central Park Acquired by Host Hotels for $265M" Read the full article below..

Hospitality Exchange kicked off yesterday and our Project Director Roisin McKee attended. An amazing line-up of speakers explored the exciting theme of automation vs personalisation. 💡 Key takeaways: 🔸 Balance tech and personal touch: The future blends technology with meaningful human connections. 🔹AI for routine tasks: Let AI handle the mundane, so your team can focus on delivering exceptional guest experiences. 🔸 Consumer trends matter: Guests crave personalised service, seamless tech, and unique, memorable moments across all channels. 🔹 Enhance guest experience: Strive for continuous improvement, making every guest interaction better than the last. 🔸Boost creativity with AI: Leverage AI to inspire and elevate your creative strategies. 🔹 Develop future leaders: Focus on self-leadership, trust, ethics and a clear vision. 🔸 Emphasise emotional intelligence: Equip your team with emotional intelligence skills to meet future demands. 🎉 A huge congratulations to all the Rising Stars recognised today for shaping the future of hospitality! 🌟 #HospitalityExchange #FutureOfHospitality #RisingStars

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