PAHALGAM HOTEL OCCUPANCY
Tourism around Pahalgam picking up; upcoming Amarnath Yatra litmus test
Pahalgam's tourism is slowly reviving after a devastating attack last year. However, several tourist spots remain shut, affecting hundreds of pony wallas. Their earnings have drastically reduced. Hotel occupancy is low, and tourist stays are shorter. Security measures led to the closure of many sites. Authorities are working to reopen these areas, promising a return to normalcy.
IHCL remains confident of achieving all its goals: MD and CEO
Indian Hotels Company Limited, IHCL, is successfully managing global and local challenges. The company is expanding its brand portfolio across India and internationally. IHCL is confident in its growth strategy and achieving its Accelerate 2030 targets. Acquisitions are bolstering its Ginger brand. The outlook remains positive despite economic uncertainties.
Hotels report thriving business as corporate travel gathers speed
Corporate business travel in India rebounded strongly from August, with September showing significant growth in hotel average daily rates, particularly in major metros like Mumbai and Bengaluru. This surge is fueled by the return of conferences and events, alongside India's robust economic growth. Delhi has emerged as a strong hospitality market, with high occupancy rates and revenue growth.
Travel industry packs its bags for a festive takeoff
The GST cuts on hotel tariffs and dining are expected to boost the travel and hospitality industry during the festive season, following a weak first quarter impacted by various incidents. With reduced prices, companies like Treebo anticipate increased bookings, aligning with the peak travel period of Navaratri and Diwali.
A glimmer of hope as tourism trickles back into Kashmir, three months after Pahalgam attack
After a terror attack, Kashmir's tourism is slowly reviving. Hotels in Srinagar and Sonamarg are seeing some occupancy. Corporate groups are cautiously returning for meetings and retreats. A life insurance company and a bank have booked rooms and events. Tourist arrivals fell significantly this year. Authorities are working to reopen destinations after security audits.
Radisson Group looking at doubling hotel portfolio in India: South Asia MD Nikhil Sharma
Radisson Hotel Group, with over 200 operational hotels in India, aims to double its portfolio, emphasizing sustainable and inclusive growth. Despite recent challenges in Jammu and Kashmir, the group remains committed to the region's tourism potential. With 8,000 keys in the pipeline, Radisson anticipates hiring an additional 16,000 employees, focusing on expansion in Tier-II, Tier-III, and Tier-IV cities.
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Monsoon deals drive travel surge as airlines, hotels tap off-season demand
Travel platforms are leveraging monsoon sales to boost travel during the off-season, capitalizing on improved traveler confidence after geopolitical concerns eased. Flight bookings have surged by 25-30% year-over-year for destinations like Port Blair and Udaipur, driven by attractive offers from airlines and hotels. Bus bookings to monsoon destinations such as Bekal and Ooty are also witnessing a significant rise.
Industry seeks government sops to revive tourism in Kashmir
Following the Pahalgam terrorist attack, airlines and hotels are urging the government to provide incentives to revive tourism in Jammu and Kashmir. Airlines have requested waivers on airport fees to offer cheaper tickets, while hotels are offering significant discounts and seeking loan interest waivers.
Icra projects 6-8 pc growth for hospitality sector, downgrades outlook to 'stable'
Icra forecasts a 6-8% growth for India's hospitality sector. This normalization follows strong demand. Foreign tourist arrivals may be muted initially. Domestic tourism remains a key driver. Infrastructure improvements and MICE events will support growth. Premium hotel occupancy is expected to be 72-74% in FY26. Average room rates are projected to rise. Terror attacks had a temporary, localized impact.
Linking F&B taxation to room tariffs is operationally challenging for hotel industry: FHRAI’s K Syama Raju
The industry body says such linking creates a cumbersome process for hotels, requiring them to continuously monitor room rates to avoid unintended GST changes.
Travel industry plans special outreach campaigns to revive Kashmir tourism
Following the Pahalgam terror attack and Operation Sindoor, the travel industry is initiating plans to revive tourism in Jammu and Kashmir. Industry bodies are collaborating with airlines and hotels to offer special packages and campaigns, aiming to restore traveler confidence through enhanced security measures and promotional offers.
Tourism boom to spur 24% annual growth for 5 years
India's tourism sector is projected to surge over 24% annually for the next five years, fueled by economic growth and govt initiatives. The govt aims to address the demand-supply gap causing high costs and is encouraging states to develop affordable hotels. Foreign tourist arrivals are nearing pre-Covid levels, and foreign exchange earnings have surpassed pre-pandemic figures.
Holiday rush: Most top-end hotels sold out for the year end despite rise in overseas travel
India's leisure destinations are experiencing a surge in year-end holiday bookings, with increased occupancies and higher room tariffs compared to last year. Luxury hotels in Rajasthan, including those owned by IHCL, are nearing full capacity, while Goa and other popular locations are also seeing strong demand and increased average daily rates.
Travel platforms see bookings hot up for chilly destinations
Travel companies are experiencing a surge in bookings as extreme heatwave conditions drive people to cooler destinations like Kullu, Manali, and Ladakh from Delhi. Flight fares to Leh have increased by 54%, with searches for last-minute escapes also rising.
The launch of Moxy will disrupt the Indian hospitality market: Ranju Alex, area VP, South Asia, Marriott International
Marriott International, the world's largest hotel chain, anticipates another record year in India for 2024, driven by robust demand in leisure and business travel. The company aims to expand its India portfolio to 250 hotels by 2025, including operational and upcoming properties.
Marriott International signs agreement with BeeKay Group to launch five new hotels in Jharkhand and West Bengal
Rajeev Menon, president, Asia Pacific (excluding greater China) at Marriott International said the chain is well on its way to get past 200 hotels by 2025
Fully booked: Hotels leave Covid scars behind
An ITC Hotels spokesperson said all ITC leisure hotels did very well during the long weekend, and properties such as Welcomhotel Amritsar saw a 'heavy rush' in bookings.
As Covid wave ebbs, Indians are packing bags for leisure trips
For instance, the weekend preceding February 14 saw an encouraging week-on-week growth in bookings, industry insiders said.
Indians have let loose their wanderlust this Diwali
Travel platforms, homestay brands, hotels and resorts have all witnessed a dramatic spike in demand this week, indicating a shift in consumer behaviour with the pandemic bringing about 'strong' reality checks.
How soon will hospitality sector recover? Here's what Radisson Group's expansion plans point to
The chain which currently employs around 12,000 people, will open 15 hotels this year. It has launched hotels in Dharamshala, Visakhapatnam, and Lonavala recently while resort additions will include new properties in Goa, Pondicherry and Pahalgam.
Hotel companies put Covid blues behind them, to launch more properties
Zubin Saxena, managing director for South Asia at Radisson Hotel Group, said the chain opened three hotels last year and is on track to open about 15 new hotels this year. It has already launched new hotels in Bareilly, Imphal, Dharamshala, Visakhapatnam and Lonavala, and is set to add resorts in Goa, Puducherry and Pahalgam this year.
Kashmir will once again be the 'paradise on earth': J&K Governor Satya Pal Malik
"I have no doubt that a day will come once again when Kashmir will be the same as what Emperor Jahangir had praised - a paradise on earth," said the governor.
Summer business gets hit in the North because of GST, state policies
The leisure markets of northern India witnessed a slump in business even in their peak season summer this year.
Kashmir is turning into a hot property for hotel chains
Despite its perception as a stressed tourist market, occupancies and room rates for existing properties have been impressive, leading to a lot of planned hotel launches.
Kashmir sees sharp decline in tourists this year due to political situation
There are only about 20 per cent occupancy in hotels and very few advance bookings even as the peak season has started. The situation is going from bad to worse, says a hotelier.
Tourism sector in Kashmir suffers a loss of around Rs 3,000 crore
The tourism destinations and hotels both in private and government sector have been worst affected and most of the hotels are left with zero occupancy.
Paradise Regained: Has normalcy been restored to Kashmir, finally?
By October, Kashmir had hosted 27,596 foreigners, 10,42,431 domestic and 6,21,104 Amarnath yatris as 1,40,288 tourists visited the Ladakh region.
Bollywood gets back its favourite backdrop as peace returns to Kashmir
J&K govt does not charge any fee from film crews to encourage film-makers to return to the valley where some of the most popular films have been shot.
Kashmir opens itself for Bollywood again
Bollywood is coming back to Kashmir finally. And let’s hope we get to see a happily-ever-after climax.
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