There’s no one easy answer to the question that is “When is the best time to visit India?” The good news is that, honestly, there’s no bad time to visit India. Given its huge size and varied landscapes, India has something to offer every traveler no matter the time of year: exciting festivals, diverse food and flavor profiles, ancient traditions woven seamlessly with modern technology, wildlife experiences, unique and luxurious hotels, cutting-edge fashion and style to inspire your shopping mood boards on Pinterest—the works. The biggest challenge is narrowing down where to go.
India's Hotels Post Revenue Surge - India Report
21.11.2024 - 04:37 / skift.com / Jaideep Dang / Bulbul Dhawan
The Indian hospitality sector recorded 10.8% year-on-year growth in revenue per available room (RevPAR) in the July-September quarter this year, according to real estate services firm JLL. The surge was driven by a rise in average daily rates (ADR) of hotels, as the occupancy levels remained similar to the year before.
The statement said that apart from a slight decrease in the ADR of hotels in Delhi and Goa, all other major markets, including Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai, showed considerable growth. Hyderabad leads the list.
“Backed by strong performance of hotels across India, we continue to see investors moving money in this asset class. There is strong momentum on both greenfield developments as well as operating assets across business and leisure markets,” said Jaideep Dang, Managing Director, Hotels and Hospitality Group, India, JLL.
During the quarter, 96 branded hotels comprising over 10,600 keys were signed. Nearly 2,000 rooms across 30 branded hotels were opened. About 80% of the inventory opened during the quarter was located in Tier-2 and 3 cities, the firm noted.
JLL is expecting the next quarter to perform well, driven by corporate travel, festivals, and Meetings, Incentives, Conferences, and Exhibitions (MICE), and other social gatherings, Dang said.
Global Hotel Companies: Global hotel companies, including Accor, Hyatt, Marriott, and Hilton are looking to expand in India.
In an earnings call earlier this year, IHG CEO Elie Wajih Maalouf reported signing nine hotels in the country during the quarter, speaking about the strategic importance of India to the company’s growth.
Last year, Marriott introduced its 17th brand in India: Moxy.
Air charter services operator Sirius India Airlines is looking to raise $100 million. It aims to use the money to expand its fleet as well as services. The development comes months after it started its operations in August in partnership with Dubai-based Transworld Group.
Sirius India Airlines’ aim is to have 50 private jets in its fleet by the 2028 fiscal. It is looking to expand to regions such as far east, Southeast Asia, and East Africa in the long-term.
It currently has three luxury jets in its fleet and operates domestically as well as in the Middle East. Founder Arun Kashyap said that the company was witnessing high demand for charter travel from corporates as well as lifestyle travelers. Sirius is also strengthening its presence in western and southern Indian markets to cater to this demand.
On Sunday, Indian airports catered to more than 500,000 domestic passengers, recording its highest ever single-day passenger footfall. The civil aviation ministry said that the passenger traffic has been consistently increasing over
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