Sushant Kawade’s Post

𝗜𝗻𝗱𝗶𝗮’𝘀 𝗵𝗼𝘀𝗽𝗶𝘁𝗮𝗹𝗶𝘁𝘆 𝘀𝗲𝗰𝘁𝗼𝗿 𝗶𝘀 𝗯𝗼𝗼𝗺𝗶𝗻𝗴 𝗹𝗶𝗸𝗲 𝗻𝗲𝘃𝗲𝗿 𝗯𝗲𝗳𝗼𝗿𝗲! With billion-dollar IPOs, major expansions, and a wave of new hotel projects, the industry is gearing up for a bright future. From sleek city hotels to resort destinations, over $413 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 is projected to flow by FY’28, adding 90,000 new rooms nationwide! Major players like Marriott, Hyatt, and ITC are betting big on India, while IPOs from Schloss Bangalore, Ventive Hospitality, and StayVista are reshaping the market. Swipe to explore India’s next-gen hospitality hotspots and the big names making it happen! Marriott Hotels Marriott International - India Hyatt ITC Hotels The Leela Palaces, Hotels and Resorts Ventive Hospitality Ltd StayVista Oberoi Hotels & Resorts Lemon Tree Hotels Fairmont Hotels & Resorts Chalet Hotels Limited Park Hotel Group SAMHI #IndiaHospitality #HospitalitySector #HotelIndustry #TravelAndTourism #HospitalityGrowth #HotelInvestments #IPOs #MarriottIndia #HyattIndia #ITCHotels #NewHotelProjects #ResortDestinations #CityHotels #NextGenHotspots #IndianTourism #HospitalityTrends #TravelIndustry #NextGenHospitality #SOHMagazine #HospitalityMagazine #Investments #MarketInsights

Why investors are investing in hospitality, lets capture the interesting facts! 1. Hospitality saw the funding of $401 million in 2023 (A new report by JLL) 2. 25,176 keys signed & 12647 keys opened in 2023-24 (Hospitality reports Trends- India 2023. 3. Increased interest in hotel development activities in Tier 2 cities, with 54% total signing taking place in these locations. 4. 2023 witnessed the 22 hotels transactions, which is the largest number of asset traded in the last decade. 5. 2024 has started with strong tail winds as we saw prominent hotel deals this year 😀. HospitalityHospitality Management #Likecoomentshare #Followme #Engage #Learnandgrow #Industrytrends #Hospitalityindustryfuturetrends

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

Hospitality sector sees 4.8% RevPAR growth in Q2 ’24: JLL The Indian hospitality sector experienced a 4.8 percent YoY growth in Revenue Per Available Room (RevPAR) for Q2 2024, according to a report by JLL’s Hotel Momentum India. This growth was due to an increase in average daily rates across key markets, despite a decline in occupancy levels. Read More:- https://lnkd.in/gwNe_C6X #IndianHospitality #RevPARGrowth #HospitalityTrends #JLLReport #HotelIndustry #RevenueGrowth #Q22024 #HospitalitySector #HotelMomentum #ADRIncrease

Benefits to the hotel industry by having more IPOs in the future. The hotel industry can benefit significantly from an increase in Initial Public Offerings (IPOs) in the future. Here’s how: 1. Increased Capital for Expansion 2. Brand Recognition and Credibility 3. Enhanced Liquidity and Investor Attraction 4. Economic Multiplier Effect 5. Operational Improvements 6. Market Consolidation and Diversification 7. Boosting the Industry's Perception 8. Economic Growth and Employment Job Creation: Expansion fuelled by IPO capital increases employment opportunities in hotels and their supply chains. Regional Development: Funds raised can be invested in developing hotels in Tier 2 and Tier 3 cities, spurring regional economic growth. Increased IPO activity in the hotel industry signifies a maturing market, attracting more investment and fostering sustainable growth. It aligns with the global trend of hospitality innovation and effectively caters to evolving consumer demands.  

🔆 The Indian Hotels Company Limited (IHCL) Q2 Results: Net Profit Surges by 226% to ₹583 Crore! 🔆 The Indian Hotels Company Limited (IHCL), part of the Tata Group, has recorded a remarkable 226% YoY increase in net profit, reaching ₹583 crore for Q2 FY2024-25. With revenue also rising by 27.4% to ₹1826 crore, IHCL’s performance reflects strategic expansions, including 42 new hotel signings and the launch of 14 new properties this fiscal year. The company is also set to manage The Claridges Hotels Private Limited New Delhi, from April 2025, further expanding its footprint in the capital. "IHCL’s commitment to growth, with two new hotels opening each month, has helped drive our industry-leading portfolio to 350 properties," says Puneet Chhatwal, MD & CEO, IHCL. 👉 Read more: https://lnkd.in/g5_AsPqb 👉 Follow Hospitalitynews India for the latest insights into hospitality growth stories! Authors: Nishang Narayan Nithyakala Neelakandan #IHCL #IndianHotels #HospitalityGrowth #TajHotels #HospitalityNews

 The Indian Hotels Company Limited (IHCL) announced its comprehensive strategy for 2030.  Under the plan, IHCL will expand its brandscape, deliver industry-leading margins, double its consolidated revenue with a 20% return on capital employed and grow its portfolio to 700+ hotels while building on its world-renowned service ethos. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, “IHCL has surpassed its guidance by achieving a portfolio of 350 hotels, with over 200 hotels in operation and delivered ten consecutive quarters of record financial performance. This strong performance, coupled with a robust balance sheet, positions us well to accelerate our growth momentum. Enabling this vision are long-term structural tailwinds for the sector including India’s forecasted GDP growth of over 6.5%, the government’s continued focus on infrastructure spend, hotel demand outpacing supply and the rising affluence of the consumer base.” He added, "IHCL will expand its brandscape with the launch of new brands, tapping the heterogeneous market landscape and taking its portfolio to 700 hotels by 2030. Doubling its Consolidated revenue to INR 15,000 crores, scaling new and re-imagined businesses to 25%+ share of revenue and continue to generate industry-leading margins and return on investment, while maintaining its renowned service excellence.” Under ‘Accelerate 2030’, the focus will be on driving top-line growth with 75% from traditional businesses and management fees and 25%+ from new and re-imagined businesses. Read more: https://lnkd.in/gC_jBV_C Taj Hotels #IHCL2030 #HospitalityExcellence #PuneetChhatwal #Accelerate2030

Thank you Hotel Investment Today, for publishing this interview with the CEO of Indian Hotels Company Limited (IHCL). Readers may choose to read the content at their leisure, but at its core, the takeaways are refreshing! The success of the group has a lot to do with 'Tajness' which is possibly built in their staff's DNA, but my comments are more in support of the group's intention to not close their eyes towards asset ownership as well as increase the depth of brands/positioning, that real estate developers can choose from. Legacy Indian hospitality brands such as Taj (IHCL), Oberoi Hotels (EIH Ltd) and ITC had gradually lost out to international brands such as Marriott, Hyatt, Hilton etc. when it came to signing on new assets in Indian cities, primarily due to the depth of (brand) positioning that international operators offered developers. International operators generally had a brand that could 'fit' into certain construction cost per key that owners shelled out (and return expectations, possibly) - this was not always an upscale or a luxury positioning where Taj, ITC and Oberoi would historically operate, but could cater to the mid-scale and budget travelers too. Shareholder pressure, RE ownership regulations and risk management dictated that international brands expand using an 'asset lite' approach, and soon such brands grew to have significant presence in a 'cost-conscious' (read lower $ ADR) market, like India. It brings in management or franchise fees, fair enough, but does it add as much value as it might have done, had ownership of assets been involved? Owning an asset in a city that has robust fundamentals, does make a lot of sense for one's balance sheet. IHCL's CEO is of the perspective that it does make sense to own, as well as manage. He doesn't outrightly reject the ownership question, which one can understand, given the financial muscle of the Group and its Parent Co. This is a welcome remark, specially when most established operators, nowadays, prefer not to take development exposure. Happy reading! #rsm #rsmuae #hotels #hotelinvestment #hospitalityindustry #realestateinvestments #realestate #assetmanagement #hotelmanagement #hoteldevelopment #ceo #ceoinsights #riskmanagement

The Indian hospitality sector’s performance in Q3 2024 (July-September 2024) was primarily driven by a rise in Average Daily Rate (ADR), resulting in a RevPAR growth of 10.8%. In terms of quarterly growth, the sector continued to mark its ascendancy, registering a positive RevPAR growth of 2% Q-o-Q in Q3 2024, compared to Q2 2024. For more insights, read JLL’s Hotel Momentum India (HMI) Q3, 2024. https://lnkd.in/g3VZ9X9D Jaideep Dang Harmeet Singh Bedi Roopa George Mehar A. #Hotels #Hospitality #Investments

India’s hospitality sector witnessed a promising start to FY24, with hotel transaction volumes in Q1 FY24 at US$78 million. In 2023, hotel investments in India reached US$401 million, which was nearly four times the volume witnessed in 2022. Last year also achieved a significant milestone of 22 hotel transactions, which is the largest number of assets traded in the last decade. In a conversation with The Economic Times, Jaideep Dang shared his perspective on how the diversified avenues of growth, such as expanding commercial office markets and rapid development of infrastructure throughout India, are playing a catalyst to the positive growth story of Indian hotels. #Hotels #Hospitality #IndiaRealEstate Anumeha Chaturvedi