Posts filtered by tags: Dipti Mohan[x]


 

HVS Monday Musings: Vacation Home Rentals – The Next Big Story In The Making In India | By Mandeep Lamba & Dipti Mohan

Traveler preferences have evolved drastically since the onset of the pandemic. Social distancing, hygiene, cleanliness, safety, and privacy are the main priorities for travelers post the pandemic. An increasing number of people now consider smaller, independent, and private spaces to be 'safe havens' for travel. These evolving preferences have been driving the growth of vacation home rentals in India during the last year.
Tags: Travel, India, Dipti Mohan, Mandeep Lamba


HVS Monday Musings: Will EV Charging Stations Be The New Service Offering At Hotels In India? | By Mandeep Lamba & Dipti Mohan

Indian domestic travelers have discovered the pleasures of road trips in the past year and an increasing number of these tourists will be electric vehicle (EV) owners going forward. EVs are considered the 'future of mobility' and are fast gaining popularity in India. As per a recent report, annual sales of EVs in India are expected to increase from 380,000 units in 2019-20 to 6.3 million units by 2027. However, EV owners are still wary of long road trips due to the lack of adequate chargi...
Tags: Travel, India, Dipti Mohan, Mandeep Lamba


HVS Monday Musings: Adventure Tourism in India | By Mandeep Lamba & Dipti Mohan

As per a recent travel survey, almost 65% of the Indians who participated in the survey were keen to travel for leisure and adventure in 2021. Several domestic tourists are now looking beyond traditional holidays. They want to try new experiences at open and less crowded places, which is likely to boost adventure tourism in the country. In fact, domestic tourists traveled to adventure sports hotspots in the country soon after the lockdown ended last year.
Tags: Travel, India, Dipti Mohan, Mandeep Lamba


HVS Monday Musings: Reviving The Global Travel & Tourism Sector | By Mandeep Lamba & Dipti Mohan

The roll-out of the vaccination programs across countries has brought some much-needed optimism to the global travel & tourism (T&T) sector. Most countries are now cautiously preparing to welcome back international travelers to their shores, albeit with several strict guidelines and protocols in place, as the new variants and the rapidly increasing COVID cases across some countries are still a concern. Besides the financial support provided to the sector in the last one year, governments ...
Tags: Travel, Global Travel, Dipti Mohan, Mandeep Lamba


HVS Monday Musings: Medical Tourism In India | By Mandeep Lamba & Dipti Mohan

In the last decade, India has emerged as one of the leading medical tourism destinations globally. The presence of several high-quality, well-equipped healthcare facilities along with a strong base of highly skilled and specialized English-speaking medical professionals, offering world-class treatments at much more affordable costs compared to developed nations are some of the reasons for the growth of this segment in India. Reports indicate that medical treatments and travel in India cos...
Tags: Travel, Asia, India, Africa, Dipti Mohan, Mandeep Lamba


HVS Musings: The Rise Of The Upscale Hotels Segment In India | By Mandeep Lamba & Dipti Mohan

The midscale and upscale hotel segments have been driving the growth in the branded Indian hotels sector in the last few years and are the sweet spots for upcoming development in the country. The upscale segment, in fact, has regained the mindshare of hoteliers in the last couple of years due to the significant demand in this segment. As a result, upscale properties accounted for 31% of the total signings by properties in 2020 compared to 15% in 2018, while their share in signings by keys...
Tags: Travel, India, Dipti Mohan, Mandeep Lamba


HVS Monday Musings: Homestays In India Are Gaining Popularity In The Post-COVID Era | By Mandeep Lamba & Dipti Mohan

The popularity of homestays has increased manifold in the post-COVID era when social distancing, cleanliness, hygiene, and privacy have become the top priorities for travelers.
Tags: Travel, India, Dipti Mohan, Mandeep Lamba


HVS Monday Musings: Indian Hotels Sector – Brand Signings In 2020 | By Mandeep Lamba & Dipti Mohan

In the aftermath of the ongoing pandemic, brand signings by keys in India witnessed a year-on-year decline of 42% in 2020. Signings were especially low in the first half of the year, due to the uncertain market conditions and challenges related to closing deals on virtual platforms because of the COVID-19 lockdown and restrictions.
Tags: Travel, India, Dipti Mohan, Mandeep Lamba


HVS Musings: Hotel Transactions in India in 2020 | By Akash Datta & Dipti Mohan

Hotel transactions value in India contracted by approximately 50% to reach INR24,611 million (approx. US$332 million) in 2020 compared to INR49,372 million (approx. US$690 million) in 2019, but was still higher than the previous peak of INR19,929 million achieved in 2015.Going into 2020, mergers & acquisitions (M&A) activity in the sector was expected to be stronger than that witnessed in 2019.
Tags: Travel, India, US, Akash Datta, Dipti Mohan


HVS Monday Musings: India’s Underserved Leisure Tourism Segment is Leading the Post-COVID Revival | By Mandeep Lamba & Dipti Mohan

Domestic leisure tourism has been driving the recovery in the Indian hotels sector in the post-COVID era, as inbound tourism continues to be on a standstill even after a year. Key leisure markets such as Goa, Rajasthan, Uttarakhand, Himachal Pradesh, and Kerala have been brimming with domestic tourists looking for a break from their COVID-blues, which helped India-wide hotel occupancy to reach 33-35% at the end of 2020.
Tags: Travel, India, Kerala, Dipti Mohan, Mandeep Lamba, Goa Rajasthan Uttarakhand Himachal Pradesh


HVS Internship Study: Effectiveness of Internship in the Indian Hospitality Sector | By Mandeep Lamba, Shalloo Dhillon & Dipti Mohan

The Indian hospitality sector has grown rapidly in the past couple of decades and is a key employment generator for the country. According to WTTC, travel & tourism sector contributed 6.8% and 8% to the country's total GDP and employment, respectively, in 2019. However, shortage of quality personnel has been a perennial problem for the sector even though several students graduate from specialized hospitality institutes in the country every year. It is high time that the hospitality sector...
Tags: Travel, Wttc, Dipti Mohan, Mandeep Lamba Shalloo Dhillon


HVS Monday Musings: Brand Conversions – an Untapped Opportunity in Indian Hotels Sector | By Akash Datta & Dipti Mohan

Hotel rebranding or conversion has been a growing trend in the Indian hotels sector. As a result, over the past five years more than 230 hotels in the country have been converted either from a standalone property to a brand or migrated from one brand to another. However, the rate of conversions has not increased much during this period. Brand conversions still constitute only 20-25% of the total signings in the country.
Tags: Travel, Akash Datta, Dipti Mohan


HVS Monday Musings: Rethinking Heritage Tourism in the Post-COVID India | By Mandeep Lamba & Dipti Mohan

India is ranked 6th on the list of UNESCO World Heritage Sites globally, with 38 World Heritage Sites, much ahead of global peers such as Australia, the UK, the US, and Japan. Heritage tourism in the country has been growing rapidly over the past few years as India blessed with centuries of intriguing history, numerous forts, palaces, and monuments attracted a growing number of domestic as well as international tourists.
Tags: Travel, UK, Australia, India, US, Unesco World Heritage Sites, World Heritage Sites, Dipti Mohan, Mandeep Lamba, Rethinking Heritage Tourism, Japan Heritage


HVS Monday Musings: India Union Budget 2021: Seeing the Glass Half-full? | By Akash Datta & Dipti Mohan

After making several representations to the government, the Indian hospitality sector, one of the worst-hit by the pandemic, was expecting some game-changing announcements during the Budget 2021 speech which would help accelerate the sector's recovery.However, the first ever 'digital' budget of the country failed to provide any direct and immediate support to the sector.
Tags: Travel, Akash Datta, India Union Budget, Dipti Mohan


Room for Growth | By Akash Datta & Dipti Mohan

The Indian hotels sector was poised to grow to greater heights driven by increasing demand in the pre-COVID era and the current crisis is just a speed-breaker in its path. As a famous adage goes, "in every crisis lies an opportunity", this calamity can also be turned into an opportunity for the sector as this is perhaps an opportune time to invest in hotels. As per our India Hotels Outlook Report, August 2020, occupancy and average daily rate (ADR) will reach pre-COVID levels by 2022 & 20...
Tags: Travel, India, Akash Datta, Dipti Mohan


HVS Monday Musings: Branded Residences – An Evolving Trend in India | By Akash Datta & Dipti Mohan

Branded residence, a concept that first started in the US in the 1920s, has become a global phenomenon in the past two decades. Traditionally, branded residences have been luxury residential projects co-located or affiliated with well-known hotel brands that provide its residents hospitality services typically offered at a premium hotel. However, with the growth in the sector, standalone branded residences have also been developed across major cities and holiday destinations in the world.
Tags: Travel, India, US, Akash Datta, Dipti Mohan


HVS Monday Musings: Indian Hotels Sector – Performance in 2020 | By Akash Datta & Dipti Mohan

Hit hard by the repercussions of the COVID-19 pandemic, the Indian hotels sector witnessed one of its lowest performances ever in 2020, in line with the estimates in our 'India Hotels Outlook' report published in August 2020.
Tags: Travel, Akash Datta, Dipti Mohan, India Hotels Outlook


HVS Monday Musings: Wellness Tourism will Flourish in the Post-COVID Era | By Mandeep Lamba & Dipti Mohan

Wellness tourism, one of the fastest growing tourism segments globally in the pre-COVID era, is expected to reach greater heights post-COVID as the pandemic has been a wake-up call for people - never before has health & wellness been more important than it is today.
Tags: Travel, Dipti Mohan, Mandeep Lamba, Wellness Tourism


HVS Monday Musings: Crystal Gazing into 2021 – Top Trends | By Mandeep Lamba & Dipti Mohan

The year 2021 will be a crucial year for the hospitality sector as it emerges from the disruptions and embarks on the path to recovery. We expect demand to improve considerably in 2021, as people make-up for the lost time and give-in to their pent-up desire to travel. However, hygiene, cleanliness and safety will continue to be their top priorities, as it has become a way of life in the post-COVID world.
Tags: Travel, Dipti Mohan, Mandeep Lamba


HVS Monday Musings: Indian Hotels Sector – 2020 in Review | By Mandeep Lamba & Dipti Mohan

2020 will go down in history as the year that changed the world as we knew it, in more ways than one. The Indian hotels sector sailed smoothly into January 2020, after a record year in 2019, with 2020 set to be 'even bigger', however, the onslaught of COVID-19 pushed the sector into a tailspin. The pandemic literally brought the world to a standstill, due to the world-wide travel bans and lockdowns.The COVID-19 shock pushed the sector into a tailspin
Tags: Travel, COVID, Dipti Mohan, Mandeep Lamba


HVS Monday Musings: Granting Industry and Infrastructure Status to the Indian Hospitality Sector is the Need of the Hour | By Mandeep Lamba & Dipti Mohan

In the past few months, several state governments have been proactively lending a helping hand to the tourism & hospitality sector in their respective states, providing various relief measures to help the sector stay afloat during these trying times. Last month, in a move to reboot the sector, the Maharashtra government conferred 'industry' status to the state's hospitality sector.
Tags: Travel, Maharashtra, Dipti Mohan, Mandeep Lamba


HVS Monday Musings: Price Wars In The Indian Hotels Sector During The COVID Era | By Mandeep Lamba & Dipti Mohan

The gradual revival of demand in the past few weeks is ushering in a new era of price war tactics in the Indian hotels sector. Hotels are resorting to drastic rate cuts in their quest to attract guests and stay afloat during these trying times. Price wars are not a new phenomenon in the sector and our experience says that this is not the best strategy as it often results in more pain than gain.
Tags: Travel, Dipti Mohan, Mandeep Lamba


HVS Monday Musings: Reimposing Lockdowns is a Blow to the Indian Hotels Sector | By Mandeep S Lamba, Akash Datta & Dipti Mohan

In the last few weeks, the Indian hotels sector has started to witness green shoots of recovery driven by the growth of leisure tourism and the onset of the festival and wedding season in the country. The impaired sector, however, has barely resurfaced from the perils of the daunting COVID crisis, with occupancy in most major markets showing fledgling signs of improvement.
Tags: Travel, Mandeep S Lamba Akash Datta, Dipti Mohan


HVS Monday Musings: Hotel Feasibility Study will Become Critical in the COVID era | By Mandeep S Lamba, Akash Datta & Dipti Mohan

COVID-19 has dramatically changed every aspect of life as we knew it, including the way we conduct our business. Though demand will be subdued for the near to medium term, we expect the industry to regain its 2019 glory in the next 2-3 years, making this an opportune time to invest in hotels.
Tags: Travel, COVID, Mandeep S Lamba Akash Datta, Dipti Mohan


HVS Monday Musings: Food for Thought - Reimagining F&B at Hotels in India | By Mandeep S Lamba & Dipti Mohan

Food & Beverage (F&B) has always been a significant component of hotel operations and revenue. Several hotel chains have created their own iconic in-house restaurant brands over the last few decades. Dining at these hotel restaurants, known for their high-quality cuisine and celebrated chefs, had a novelty factor that was missing from the options available outside of hotels.
Tags: Travel, India, Dipti Mohan, Mandeep S Lamba


HVS Monday Musings: Faster Technology Adoption Will Bring A Paradigm Shift In Hotel Operations In India | By Mandeep S Lamba & Dipti Mohan

Pre-COVID, the hospitality sector had successfully adopted technology at the first point of customer contact with increasing number of bookings being done online. However, technology adoption during the other phases of the customer journey was still lagging as hotel rooms followed the standard practices using nearly defunct tech in rooms. The situation, however, changed drastically during the COVID era when tech features, such as keyless check-in and digital menus, that were once consider...
Tags: Travel, India, Dipti Mohan, Mandeep S Lamba


HVS Monday Musings: The Dichotomy between Management Fee and Franchising Fee in India | By Akash Datta & Dipti Mohan

Asset-light operating models have become the main stay for growth of many of the major hotel companies in India, with Management Agreements being the preferred structure. The other major asset-light model - Franchising - though is yet to gain significant traction in the country. Approximately 14% of the total brand signings in 2019 were franchised properties as compared to 10% in 2018. On the other hand, Management Agreements accounted for 76% of the total brand signings in both 2019 and ...
Tags: Travel, India, US, Akash Datta, Dipti Mohan


HVS Musings: Mixed-Use Development - The Most Sustainable Model For Hotels Going Forward | By Mandeep S Lamba, Akash Datta & Dipti Mohan

Mixed-use development, usually a planned combination of hotels, retail, office or residential space, is a fairly widespread concept globally with several such iconic projects around the world. In the last decade or so, the concept has been gaining ground in India as well, though the combination (two or more elements) of retail, office, and residential spaces have been more popular. However, as investors look to maximize returns through efficient land usage and optimal utilization of FSI, ...
Tags: Travel, India, FSI, Mandeep S Lamba Akash Datta, Dipti Mohan


HVS Musings: DCF is the most appropriate method of hotel valuations, especially during the COVID era | By Akash Datta & Dipti Mohan

In a market like India, where land most often than not is mis-appropriately valued resulting in exaggerated project costs and hotel transactions are limited in number, the only viable methodology that remains relevant especially in the current uncertain & volatile market scenario is that of Discounted Cash Flows (DCF). Moreover, the current pandemic has had an unprecedented impact on the hospitality sector, with hotels being temporarily closed and the sector witnessing all-time low perfor...
Tags: Travel, India, Akash Datta, Dipti Mohan


HVS Monday Musings: Luxury Boutique Hotels – A Growing Concept In India | By Akash Datta & Dipti Mohan

Luxury boutique hotels and resorts, a widely prevalent concept globally, is still at a nascent stage in India, with very few brands and properties. The increasing desire for experiential travel, by not only the millennials but across different cohorts often looking for unique and exclusive stays, has led to the growing popularity of this concept in the country. So, what are luxury boutique hotels and resorts?
Tags: Travel, India, Akash Datta, Dipti Mohan, Luxury Boutique Hotels