Category: Latest

New Delhi, December 13, 2017:The domestic hotels sector has registered a pan-India revenue per available rooms (RevPAR).posting a steady 4-5% improvement in Q2 FY2018 as well as in H1 FY2018, contributed equally by improvement in occupancy and average room rate (ARR). As per an ICRA note, pan-India average occupancy improved to 62-63% in H1 FY2018 as compared to ~61% in H1 FY2017, a Y-o-Y growth of ~2%. ARR also grew by ~2% during H1 FY2018 to Rs. 5,400, compared to the Rs. 5,300 in H1 FY2017.

Says Mr. Subrata Ray, Senior Group Vice President, Corporate Sector ratings, ICRA, "ARRs have slowly but steadily started to improve on a pan-India basis. While most of the cities have witnessed uptick in ARRs, some cities with recent supply additions (like NCR, Bengaluru and Kolkata) witnessed only modest ARR growth. Despite the steady RevPAR growth over the past three years, the current RevPAR levels (~Rs. 3,350 for H1 FY2018) are at ~30% discount to the peak levels witnessed in H1 FY2009; while current occupancy levels are ~4% higher compared to the levels in FY2009, the current ARRs are at ~34% discount to the FY2009 levels."

On the flip side, despite the RevPAR growth, revenue growth for Q2 FY2018 for ICRA's industry sample remained subdued as some of the hotels under the industry sample were taken up for renovation. The adjusted (for renovation/ sale of hotels) industry revenue remained flat, on a Y-o-Y basis. On an unadjusted basis, industry revenue declined by 2.1% during the quarter (compared to flat revenue in Q2 FY2017 and 1.6% decline in Q1 FY2018). Q2 FY2018 (Y-o-Y) operating profit margins declined by ~160 bps, constrained by scale, inflationary pressures and a few one-time expenses; operating profit margins for Q2 FY2018 stood at 9.2% (compared to 10.8% in Q2 FY2017).

Demand for rooms however continues to remain buoyant as Foreign Tourist Arrival (FTA) growth picked up strongly to 15.6% during 10m CY2017 as compared to the 9.8% growth during 10m CY2016. Arrivals into India during the period were higher than the 5.6% and 10.3% ITA growths in the Asia-Pacific and South Asia regions respectively for Jan-Aug 2017. Domestic Revenue Passenger Kilometer (RPKM), a proxy for domestic travel, exhibited a strong 15% plus growth (Y-o-Y) every month, barring just two months in CY2016. The growth in 10m CY2017 continued to remain robust, although lower than the corresponding previous year levels because of base effect.

On the supply side, ICRA's premium room inventory database (12 key cities) across the country indicates a CAGR of just over 5% in supply during the period FY2017-FY2020; the expected growth is lower than the 12%+ CAGR supply addition witnessed in the last 6-7 years. With no large project announcements over the past year, the muted supply pipeline is expected to be the backbone for the current up-cycle, even as demand continues to grow by about 13-14%, led by slow recovery in the domestic economy, increasing FTAs, and higher MICE activity.

Mr. Ray adds on the outlook for the sector, " going forward we expect ~2% growth in occupancies and ~2-2.5% growth in ARRs, leading to ~4-4.5% growth in RevPARs during FY2018. RevPAR growth is estimated to accelerate to 5%-7% during FY2019 and FY2020, driven largely by traction in ARRs."

Corporate Comm India(CCI Newswire) 

Category: Latest

The pan-India boutique hotel group moves away from on-premise systems and modernizes hotel operations with Hotelogix

Bangalore, December 13, 2017: Mint Hotels & Suites partnered with cloud-based property management system Hotelogix to modernize hotel operations, and comply with the latest government regulatory requirement - Goods & Service Tax (GST). This move to Hotelogix has helped Mint Hotels & Suites do away with on-premise hotel management software, and cumbersome processes done on spreadsheets.

The built-in GST support in Hotelogix is helping the hotel calculate the correct taxes on the sale of their room inventory and services to guests, automate tax structure implementation conforming to GST guidelines, generate GST compliant invoices and manage accounts without the risk of manual errors.

“Creation of tax codes and tax structures have become really simple, thanks to GST ready cloud-enabled hotel management software provider, Hotelogix. We can now concentrate on running our day-to-day hotel operations being assured of the billing and invoicing which is completely taken care by Hotelogix,” marks Shantanu Chatterjee, Co-Founder of Mint Hotels & Suites.

Not just this, the multi-property group has chosen Hotelogix also to simplify its online distribution with real-time channel manager connectivity. After rolling out the pilot implementation for one of its properties, the chain hotel decided to centralize and ease its operations for eight other properties. Mint Hotels & Suites is now able to distribute their inventories across all major Online Travel Agencies (OTAs), and stay competitive without any risk of overbooking and operational overhead.

“We are a group with multiple properties, we needed a backend system that can centralize data from each property on one single platform. This is where Hotelogix helped us! The system is customizable, scalable and designed to maximize hotel revenue in the evolving and expanding channel management arena,” says Shantanu. “We are now able to access our hotel information and dashboard even on the go, thanks to the mobility that Hotelogix enables. We are looking for a formidable alliance with Hotelogix to technologically empower all our hotels across India,” he concludes.

“It has become important for hoteliers in India to stay abreast of the competition as well as comply with the latest government regulations,” comments Prabhash Bhatnagar, Founder, Hotelogix. “Our hotel management software is built on robust cloud technologies that allow for faster upgrades and easier adoption. This helps us stay ahead of the curve as on-premise systems face serious bottlenecks when it comes to deployment and distribution of upgrades. This is one of the key reasons we’re seeing a spurt in demand post GST,” he adds.

Mint Hotels & Suites is rapidly expanding and is slated to reach 50 hotels by 2018, powered by Hotelogix.

Corporate Comm India(CCI Newswire)

Category: Latest

Lucknow, December 12, 2017: Marking the beginning of festive season, Hyatt Regency Lucknow Hotel hosted the traditional tree lighting ceremony on Sunday, 10th December. The Christmas tree lighting ceremony was promptly held at the pool side with the melodious sounds of children's choir group and a dazzling show of fireworks. Select families were invited to participate in the ceremony.

Santa Claus made an exciting entry to the event, with a bag full of goodies, while all the children chorused Christmas carols in delight. The giant Christmas tree was then lit up in the presence of all the guests who came together to share in this beautiful celebration with Hyatt.

"Hyatt Regency Lucknow's magnificent Christmas Tree attracted everyone's attention this year. We kept the design of the tree traditional and elegant with a decoration theme of gold and red. Thousands of joyful ornaments, such as candies, gift boxes, tinsel pieces, gold ribbons, light bulbs, balls and violins were used to create a stunning Christmas tree displaying childhood memories. The tree was topped with a shining star, taking it to a glorious height with a truly spectacular visual impact", said Kumar Shobhan, General Manager, Hyatt Regency Lucknow.

Many Christmas themed games and activities were also conducted at the event; Christmas stocking guessing game, Santa says and Christmas photo Prop being few of them. Post the lighting of the tree, everyone joined in the celebrations with Santa in Santa style dancing which was absolutely adored by the children present at the ceremony. The patrons were treated with traditional Christmas beverages such as Mulled Wine and cocktails. Christmas gifts were distributed among all as a token of lasting bond with Hyatt at the closure of the event.

The custom of Christmas tree lighting goes back to 18th century Europe, when Christmas trees were decorated with candles, which symbolized Christ being the 'light of the world'. Displaying Christmas trees publicly and illuminating them with electric lights became popular in the early 20th century. Today, it has become almost a ritual to organise Christmas lighting ceremonies in all parts of the world as it marks the beginning of the festivities of Christmas and New Year.

Corporate Comm India(CCI Newswire)

Category: Latest
Hilton Garden Inn Lucknow opens in the Gomti Nagar residential and commercial district

Lucknow, December 09, 2017: Hilton (NYSE: HLT) today announced the opening of Hilton Garden Inn Lucknow, the first Hilton Garden Inn and second Hilton property in Uttar Pradesh, following the opening of DoubleTree by Hilton Agra.

"India is an important growth market for Hilton Garden Inn and we are delighted to expand our portfolio by opening our fourth hotel in the country. We remain committed to giving our guests exceptional experiences while staying true to our brand promise to make the guests' stay better and brighter, through our high standards of comfort and thoughtful touches," said John Greenleaf, global head, Hilton Garden Inn. "With Hilton Garden Inn Lucknow now open, we look forward to being the first choice of travelers to this city who seek midscale accommodation and quality amenities."

Hilton Garden Inn Lucknow boasts 125 contemporary guestrooms, including four junior and executive suites. The hotel provides an abundance of amenities to elevate guests' stay experience, including bedding with hypoallergenic pillows, 43-inch LCD TV and a spacious workstation with Herman Miller ergonomic chair. Complimentary high-speed Wi-Fi access is available throughout the hotel and guests may choose to stay connected and productive at 24-hour business center, which offers complimentary printing facilities.

The hotel offers vast meetings and events spaces spanning 1,114 square meters to host small and large meetings and events such as wedding banquets for up to 1,000 guests. Facilities include a ballroom, two flexible meeting rooms, two boardrooms and two outdoor areas.

Dining options at Hilton Garden Inn Lucknow include:

  • The Garden Grille® & Bar, which offers a scrumptious cooked-to-order breakfast, lunch and dinner as well as craft cocktails.
  • The Pavilion Pantry® , which offers guests ultimate convenience with an assortment of takeaway items. Available round the clock, guests can pick up a snack on the go or a quick meal to prepare in the hospitality center that comes with a refrigerator and a microwave for use.
  • 24-hour In-Room Dining, which offers a selection of local and global cuisines and a special mid-night menu for those late night hunger pangs.

"Hilton is growing its portfolio of 33 hotels operating or under development in key destinations across India and now welcomes guests at some of the country's most popular destinations including Delhi, Mumbai, Bangalore, Goa and now Lucknow," said Andre Gomez, head of operations, India, Hilton. "With over 4.9 million people visiting Lucknow [1] each year, we are delighted that Hilton Garden Inn is a central part of thissuperb district for business and leisure, promising guests a great stay in the city of Lucknow"

Hilton Garden Inn Lucknow is part of Hilton Honors®, the award-winning guest-loyalty program for Hilton's 14 distinct hotel brands. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount and free standard Wi-Fi. To celebrate the hotel's opening, Hilton Honors members will earn an additional 1,000 Hilton Honors Points per night when booking directly with Hilton.

Owned by Amrit Bottlers Pvt. Ltd., Hilton Garden Inn Lucknow is located at TCG- 7/7, Vibhuti Khand, Gomti Nagar, Lucknow, Uttar Pradesh – 226010, India.

For more information or to make a reservation, please contact the hotel at +91 522 427 7777 Read more about Hilton Garden Inn at www.hgi.com and news.hgi.com .

Corporate Comm India(CCI Newswire)


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