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Volume: X

January, 2008

 

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Hotels

Share Prices

 

 

 

 

 

 

Sales and Market Share

 

 

 

Source: Euromonitor Report- Travel and Tourism - India- September 2006

 

Trends, Marketing Initiatives and Others

 

 

 

51. Demand To Outstrip Supply Of Hotel Rooms: Study – January 14

Demand for hotel rooms to surpass supply in 21 major cities of Asia Pacific Region: Amex

According to the American Express 2008 Asia Pacific Corporate Hotel Rate Projections and Market Forecast released on 14 January, 2008, demand for hotel rooms would continue to surpass supply in 21 major cities of Asia Pacific Region, with Bangalore topping the list, followed by Delhi and Mumbai. According to the study, Bangalore is projected to have a 225, Delhi to have 44% and Mumbai to have 30%, increase in the demand for hotel rooms during 2006-08. The study also found that the increase in demand of hotel rooms would increase the ‘corporate negotiated rates' in all the major cities in the Asia Pacific region.

 

Source: The Economic Times

 

 

 

52. ITC To Invest $1 Billion In Luxury Hotels – January 12

ITC Welcom-Group to spend $1 billion for expansion in India and abroad

ITC Welcom-Group, the hospitality division of the $5 billion tobacco company ITC Ltd, plans to invest $1 billion (Rs 4,000 crore) for opening super luxury hotels in India and abroad. The company has 70 hotels under five distinct brands - ITC The Luxury Collection, ITC Sheraton, ITC WelcomGroup, Fortune and ITC WelcomHeritage. According to Pawan Verma, executive VP-operations ITC hotels, the company is exploring Goa, Hyderabad, Ahemdabad, Kerala and Bangalore for creating super luxury products as these are the fastest growing markets in that segment.

 

Source: Fnbnews

 

 

 

53. Hidesign And Khoday Check In Hospitality Sector – January 14

India’s growing hospitality industry attracts Hidesign and Khoday

India’s growing hospitality industry is attracting companies from different backgrounds, such as Puducherry-based leather accessories maker Hidesign and Bangalore-headquartered liquor firms Khoday Group of Industries and John Distilleries. The Khoday Group plans to invest in a 250-room hotel in Bangalore and is also looking for land to set up resorts. Hidesign, which already has two boutique hotels in Puducherry, is now considering building beach villas and resorts, and is also planning a third boutique hotel in South India.

 

Source: The Economic Times

 

 

 

54. DLF, Hilton Plan First Branded Residential Hotel In Goa – January 12

DLF in collaboration with Hilton Group plans a branded residential hotel

Real estate developer DLF plans to introduce India’s first branded residential hotel with the Hilton Group in Goa. The 200-room hotel with 80 villas that will be sold out as vacation homes on lease-back basis will be operational by 2010-11. DLF, which plans to have six hotels on similar format by 2012-13, is in talks with several other international brands such as Four Seasons and The Aman Group targeting leisure destinations such as Kerala, Andaman, Sikkim and Himachal Pradesh.

 

Source: The Economic Times

 

 

 

55. Sarovar Group, Vipul Hospitality Plan 5 New Hotels – December 21

Sarovar Hotels and Resorts ties-up with Vipul Hospitality to establish five new hotels in India

Sarovar Hotels and Resorts (a hospitality management company) in collaboration with Vipul Hospitality (a part of Vipul Infrastructure Group), has planned five new hotels in Amritsar, Bhubneshwar, Mohali, Siliguri and Raipur. It is estimated that Vipul hospitality will invest Rs 300 crore in the projects. Three hotels, in Amritsar, Bhubneshwar and Raipur, will be five stars under the brand Sarovar Premiere.

 

    Source: The Financial Express