HVS ANAROCK Report: 9.5% RevPAR growth in the Indian hotel industry expected in 2019 – RealtyMyths

Approx. 8,574 keys to hit the market in 2019; nearly 19% increase over the last 2 years Revenue per available room (RevPAR) sees 17% growth between 2016 and 2018 Average daily rates saw a 6.25% rise in 2018, faster than 4.5% long-term inflation rate Goa saw the largest signing of keys in 2018 at near...Read More

Fire Safety in Hotels and Restaurants in Metros – RealtyMyths

by Akhilesh K Prasad The government has a stringent set of safety rules to be followed by hotels and restaurants on their premises. The concerned authorities need to be satisfied with due compliance even before the licence to operate is issued to an establishment. The lapse in the following safety an...Read More

2017 could bring massive quantum of deals in India’s Hotels Sector

As far as hotel real estate transactions in India go, 2017 has started off with a big bang. After a relatively quieter 2016, this year saw the acquisition of a majority stake in India’s foremost hotel management company, Sarovar Hotels, by The Louvre Hotel Group (part of Jin Jiang International Holdi...Read More

Impact Of Demonetization On The Hospitality Industry

Over the short and medium terms, the demonetization drive will have varied effects on the many sections of the hospitality industry in the country, but in the long term will positively impact the growth of the hospitality sector.Mandeep Lamba, Managing Director – Hotels, JLL India Often, the st...Read More

Homestays are setting their benchmark in India

An already popular concept across many countries, in India, travel players are gradually getting acquainted to the new turf of homestays as a fresh demand gains ground. Burneet Kaur The rise of new hotels and other similar innovative and affordable stay options, such as budget hotels or standardized ...Read More

OYO introduces Sunrise check-in from 6 AM

OYO has launched a much-needed solution assuring early check-in up to 7 days prior to booking. This is sharp disruption – to the prevalent industry norm across the world, with each hotel having its own arbitrary check-in time (usually 12 noon), and guests left stranded and helpless. RM Correspo...Read More

The Future of REIT’s in India and its impact the commercial real estate market

Ajay Jain, ED, Centrum Investment Banking & Head Real Estate Group REITs have become a reality in India after the government exempted dividend distribution tax (DDT) from them. This investment vehicle will help developers monetize their commercial assets, provide liquidity to the commercial segme...Read More

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