New supply builds room rate pressure
Matthieu Firmin, General Manager, ibis Delhi Airport tells more about the recently opened hotel, demand and supply issues, and the pros and cons of Delhi Aerocity.
What are the main challenges in licenses that you have faced before finally opening?
The challenges we faced was mainly due to security regulations. Our rooms are not facing the runway or the aircraft hanger, so we do not have security clearance issues. We have all the security arrangements as per the requirement of the authorities. porate meetings. There will be competitive pressure due to doubling of upscale hotel supply with sizeable inventory growth within Aerocity. Substantial simultaneous new supply will keep room rates under pressure in 2015 and 2016.
Is the hotel benefitting from F&B add-ons like the restaurant and banqueting?
Yes Definitely! We see a substantial demand of wash & change with