Staycations and weekend getaways picking up pace post the travel restrictions have eased coupled with the confidence travellers have in branded hotels in terms of health and hygiene facilities have fueled the demand revival for branded hotels
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Posted inBusiness
‘Indian hospitality sector to incur an estimated total revenue loss of approx INR 90,000 Cr in 2020,’ says HVS Anarock
Pre-COVID-19, over 11,500 rooms were to be added in both 2020 and 2021; now, only 15-20% of anticipated 2020 supply expected
Posted inBusiness
Chalet Hotels reports Q2 & H1FY21 results
On a sequential basis with all hotels being operational, Chalet’s occupancy was higher by 100 bps and ADR saw a 4% improvement, resulting in a 9% RevPAR growth compared to Q1 of the same year
Posted inBusiness
India’s hospitality industry sees 52.8% decline in RevPAR during the first three quarters of 2020: JLL
All key 11 markets in India reported a significant decline in RevPAR Performance in Q3 2020 Y-o-Y. Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 71.7% in Q3 2020 compared to Q3 2019
Posted inBusiness
China continues to top Asia-Pacific M&A deal activity during Q3 2020, finds GlobalData
Japan, Australia, India and South Korea were the other top four markets by deal volume
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Beach destinations and Interstate road trips top traveller preferences, reveals OYO’s Diwali Booking Trends
Jaipur, Kerala, Goa, Visakhapatnam and Varanasi top the charts as the most popular leisure destinations among travellers. Delhiites and Lucknowites are heading on road trips to Jaipur, whereas Puneites, Bangaloreans and Hyderabadis are travelling to Goa
Posted inBusiness
Booking.com reveals 9 predictions for the future of travel
From making travel plans to a familiar destination to being more price conscious – here is a look at what will be the future of travel in 2021, and beyond
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Renest Hotels & Resorts rolls out 100 new jobs amidst the pandemic
The organisation has been actively recruiting hospitality professionals across all verticals and ranks. From Senior leadership levels to management interns, this recruitment drive has been instrumental in providing employment
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flydubai to commence operations between Dubai and Tel Aviv route from 26 November 2020
This announcement follows the air transport agreement that was recently signed by both countries as well as the start of passenger and cargo operations by other national carriers
Posted inBusiness
IHCL opens The Connaught – a SeleQtions hotel in New Delhi
The Connaught presents a unique and striking design, combining the art deco charm of Connaught Place and contemporary luxe interiors