Vinnca eyes MiCE
In an interview Satish Nair, Director and Co-Founder, Vinnca Hospitality, elaborates on the MiCE industry, while highlighting what they have to offer to MiCE groups
We have noticed a healthy growth
Kindly share the USP of your group. What are your main MiCE offerings?
Our MiCE offerings range from the unconventional tents at Kolad, to the Wooden Beach Villas in Shrivardhan to the rolling greens amidst the grandeur of Vythiri in Wayanad Kerala, the beauty of the Nilgiris in Ooty, to the more conventional city convention center in Hyderabad and port cities of Mundra and the desert region of Kutch in Bhuj. These are apt for team-building, annual operation planning, product launches, or even a large family bonding trip.
We have the regular conference destinations of Ahmedabad, Baroda and Rajkot. Our developmental pipeline would encompass more of the East and the North. We want to be the preferred brand for the Tier-II, III and IV markets.
What is your outlook for domestic and inbound MiCE in 2019? Which are the top ten destinations in India popular for MiCE?
2019 is the election year in India and what needs to be demonstrated by the parties vying to run the government in the country is tourism and therefore, hospitality and MiCE is one of the big drivers of the Indian economy. Stability is important and the right signals need to be sent to the world at large with a visible on ground action. We at Vinnca Hotels are optimistic that the coming year will see added growth, and more destinations as a result of the improved road, rail and air infrastructure, while existing destinations will see growth in their capacities as well
as potential of the segment. In India the top 10 MiCE destinations remain and will continue to be - Hyderabad, Goa, Jaipur, Agra, Delhi NCR, Bengaluru, Udaipur, Mumbai, Cochin and Ahmedabad.
What has been the Occupancy, ARRs and RevPAR across your group in 2018? What are your targets for 2019?
We have noticed a healthy growth over last year ranging from 15-20 per cent in most of our properties that were in operation since 2017. For 2019, we want to ensure stability in our properties that have been in operation for more than two years, and this means a year-on-year growth in the matrices of RevPar, Occupancy and ARR. Obviously this needs to flow well into the EBITDA that we are delivering to the owners.
There will be a big push into the offbeat destinations and what is exciting is there is a prominent scope for curated and boutique MiCE experiences.