2016: The curve goes up

With the first six months of 2016 far­ing well as ho­tels gar­nered more busi­ness through con­fer­ences and meet­ings, hote­liers are up­beat about the rest of the year too

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More oc­cu­pan­cies, more con­fer­ences and the curve of growth has steadily been go­ing up. The year be­gan well for ho­tels. Some hote­liers give their opin­ion on the up­com­ing trends, cit­ing Delhi-NCR as a buoy­ant mar­ket, trav­ellers pre­fer­ring mid­scale ho­tels and gov­ern­ment ini­tia­tives such as in­crease in FDI and ‘Make in In­dia’, a much needed boost has been given to the in­dus­try. Ex­cerpts:

Ra­jin­dera Ku­mar Di­rec­tor Vi­vanta by Taj, Am­bas­sador

I think de­spite the room in­ven­tory which has be­come enor­mous, the first six months of 2016 have been good as far as oc­cu­pan­cies are con­cerned in Delhi-NCR. This is due to some con­fer­ences that came along. We are hope­ful that Septem­ber, Oc­to­ber will look up.

Anil Mad­hok MD Sarovar Ho­tels and Re­sorts

With the eco­nomic and busi­ness en­vi­ron­ment on a growth tra­jec­tory, there was greater move­ment in cor­po­rate travel and MICE busi­ness as well. Sarovar has had a good year so far. We ex­panded to newer des­ti­na­tions and opened Kalyan Home­tel in Van­dalur-Chennai and Seyfert Sarovar Por­tico. Sarovar also be­came the early bird to set foot­prints in the Repub­lic of South Su­dan tak­ing over the man­age­ment of a ho­tel in Juba which has now been re­branded as The Panorama Sarovar Por­tico, Juba. Our leisure as well as busi­ness ho­tels have done good busi­ness with good oc­cu­pancy rates.

The first six months of 2016 have been good. This is due to the con­fer­ences that came along. We are hope­ful that Septem­ber, Oc­to­ber will look up

The rest of the year is likely to be more bullish for the next sea­son, our ho­tel rooms have al­ready filled up with a lot of MICE move­ments

Barun Gupta Ac­count Di­rec­tor (Global Sales), Star­wood Sales Or­gan­i­sa­tion, Star­wood Ho­tels and Re­sorts

The rooms are in­creas­ing year-on-year, but we have been able to save the rev­enue. Rev­enue has not gone down, it is in­creas­ing, ADR has taken a hit but at the same time, they are sta­ble. Mar­ket has be­come sta­ble as com­pared to 2015. The mar­ket is bullish, it is in­creas­ing and it’s go­ing to in­crease fur­ther with a whole lot of new MICE move­ments that are go­ing to come in, gen­er­ated by the lo­cal cor­po­rate and a lot of so­cial groups. A lot of for­eign travel is also hap­pen­ing at the cor­po­rate level, at the mid seg­ment as well as se­nior lev­els. In­ter­na­tion­ally this year is a fan­tas­tic one, both in terms of MICE and FITs. There are a lot of big ticket MICE move­ments that have hap­pened in places like Bali this year. There is a lot of mo­ment that I can see in terms of Cen­tral Asia, like Kaza­khstan, where there are a whole lot of In­dian tourists who are vis­it­ing. There is a good traf­fic that has gone to Europe this year. Over­all this is a very good year for the In­dia travel trade. Also in terms of do­mes­tic mar­ket it has in­creased. The rest of the year is likely to be more bullish for the next sea­son our ho­tel rooms have al­ready filled up with a lot of MICE move­ments. Big MICE move­ments are likely to be in Delhi, Mumbai, Chennai, Bengaluru. Kolkata is buzzing this year be­cause there are a whole lot of med­i­cal con­fer­ences lined up there.

Roger Wright Gen­eral Man­ager Hy­att Re­gency Gurgaon

There has been a sig­nif­i­cant boost in busi­ness travel and the in­crease in oc­cu­pan­cies in mul­ti­ple mar­kets is tes­ti­mony to this. The main con­tribut­ing fac­tor is the rise in busi­nesses re­lated to Meet­ings, In­cen­tives, Con­ven­tions and Ex­hi­bi­tions (MICE). The Hy­att Re­gency Gurgaon hosted some suc­cess­ful con­fer­ences and MICE events over the past few months and con­tin­ues to see strong trac­tion for the re­main­der of the year. The ho­tel has also wit­nessed a re­mark­able growth in tran­sient cor­po­rate trav­ellers which is a di­rect re­sult of in­creas­ing busi­ness in Mane­sar.

Manu Sharma Gen­eral Man­ager Vi­vanta by Taj – Gurgaon

The ‘Make in In­dia’ cam­paign has vis­i­bly driven for­eign in­vest­ments across a gamut of sec­tors re­sult­ing in a steady in­crease in cor­po­rate travel. Most ma­jor cities have, as a re­sult, seen a growth in both vol­umes and con­sumer spends. Gurgaon is, and will con­tinue to be, one of the most buoy­ant mar­kets in the coun­try. We have en­tered into our fourth year of op­er­a­tions this year and have been able to cre­ate a niche for our­selves in the up­per up­scale seg­ment. With an aver­age oc­cu­pancy bet­ter than last year and ADRs moving up­wards, our con­stant en­deav­our has, there­fore, been to steadily in­crease our mar­ket share.

Sun­der Ad­vani CMD, Ad­vani Ho­tels and Re­sorts (In­dia)

It has been a very good six months from Jan­uary to June 2016; our ho­tel sales have gone up by 10 per cent in these last six months it­self com­pared to last year. The rea­son I feel is that be­cause of the is­sues abroad, peo­ple feel that it is safer to stay in In­dia and hol­i­day here in­stead of go­ing over­seas. MICE has also done ex­tremely well as well in the first six months and it has been mostly do­mes­tic MICE.

Gurgaon is, and will con­tinue to be one of the most buoy­ant mar­kets in the coun­try. We have en­tered into our fourth year of op­er­a­tions

Sid­harth Gupta Co-Founder Treebo Group of Ho­tels

The first six months of 2016 have been ter­rific for Treebo Group of Ho­tels on all fronts. There was not a sin­gle month when we did less than 70 per cent oc­cu­pancy (de­spite the mar­ket aver­age be­ing much lower). In fact we did as high as 77 per cent oc­cu­pancy in May. We achieved this while main­tain­ing healthy ARR of 1,800+ (excl. taxes) and RevPAR of 1,350+. On the in­ven­tory side too, we have grown stu­pen­dously. We en­tered the year with 34 prop­er­ties and 1,000 keys. To­day we have al­most tripled that num­ber with an in­ven­tory of 100+ prop­er­ties and 2,700 keys.

Aashish Vyas GM Four Points by Sher­a­ton, Jaipur

Com­ing to the mi­cro level, Jan­uary, Fe­bru­ary, March and April were phe­nom­e­nally good for Jaipur, rea­son be­ing that we had an in­flux of every­thing put to­gether. We had in­bound, MICE, wed­dings, num­ber of large scale, all-In­dia level con­fer­ences hap­pen­ing. Another im­pe­tus that has taken place in Jaipur is that there are now a lot of in­ter­na­tional ex­pe­ri­en­tial events, such as the Jaipur Lit­er­a­ture Fes­ti­val, The Jaipur Art Fes­ti­val and Jaipur Dra­mat­ics Fes­ti­val. Na­tion­wide the hospi­tal­ity seg­ment is a lit­tle up­beat be­cause of the FDI com­ing in, thanks to the PM’s well talked about in­ter­na­tional trips. Rep­re­sen­ta­tion of In­dia in big­ger economies is also hav­ing a lit­tle ef­fect on peo­ple com­ing and trav­el­ling back for in­vest­ment. There have been some big ticket in­vest­ments in some start-ups in In­dia.

Rep­re­sen­ta­tion of In­dia in big­ger economies is hav­ing an ef­fect on peo­ple com­ing and trav­el­ling for in­vest­ment

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