Latest news with #HVSAnarock
Skift
an hour ago
- Business
- Skift
Hyatt Plans 90 Asia Pacific Hotels Over 5 Years
HVS Anarock's latest report shows a rare downturn in India's hotel business in May, most likely due to the short battle with Pakistan. RevPAR for hotels in May was down by over 20% from April, according to the latest data from HVS Anarock. Occupancy was down to 58%-60% in May, a year-over-year drop as well. Room rates were still up 6%-8% compared to May 2024, increasing RevPAR by 4%-6%. As for the occupancy decline year-over-year, there is a lot more supply, and it will continue to increase. In the first five months of the year, over 5,300 branded keys came online, up 46% over last year. We will see if there is a bounce back in June. Thailand hotel operators are seeing delays in the approval process for the initial phase of the 1.7 billion baht co-payment scheme, while online travel agents are offering prices lower than those under the government's subsidy. The scheme is aimed at local tourists and opened for registration for the public on July 1. Only 2,000 hotels were reported by the Thai Hotels Association to have registered for it. The Tourism Authority of Thailand said there were numerous technical issues on the first day of registration. Given what is going on with the Prime Minister now being suspended, it is pretty safe to say that hotels have other things to worry about, given the slowdown in visitation and no signs that anything will change, given the political turmoil. Asia's branded residences market was reported to have reached a valuation of US$30.7 billion, a high for the region. The sector currently encompasses 38,893 units spread across 178 active projects available for sale. Thailand has emerged as the frontrunner in the market, with 18% of the total market share in Asia. The Philippines is second at 12%, with South Korea at 11%. Vietnam accounts for 41% of the pipeline of 28,460 units across 105 projects that have yet to be released for sale. Hyatt Hotels Corporation announced plans to expand its luxury and lifestyle brand portfolio across Asia Pacific with a pipeline of close to 90 properties expected to open over the next five years. The strategic growth includes the debut of the Thompson Hotels brand in the region alongside significant new entries and expansion for Andaz, The Standard, and Park Hyatt brands in sought-after destinations, including Thailand, Malaysia, and Australia, in 2025 and 2026. Hyatt has doubled the number of luxury rooms since 2017, tripled its resort rooms, and grown lifestyle rooms five-fold globally. As of the end of 1Q25, 64% of Hyatt's Asia Pacific hotels are in the luxury and upper-upscale segments. The Thompson Hotels brand will be welcomed to Asia Pacific in the fourth quarter of this year with the Thompson Shanghai Expo. Andaz will continue to expand with Andaz Gold Coast, Andaz One Bangkok, and Andaz Shanghai ITC, while the Park Hyatt brand will debut in Malaysia with Park Hyatt Kuala Lumpur next month and the first Park Hyatt resort in Vietnam in 1Q26, the Park Hyatt Phu Quoc. Hilton announced the signing of Waldorf Astoria Bali with Indonesian property developer PT Balibuana Perkasa. The luxury hotel will open in late 2027 along Sawangan Beach. This will be the developer's second property with Hilton, following the Hilton Bali Resort. This will join Hilton's existing portfolio of 16 operating and 12 pipeline hotels and resorts across Indonesia. The Waldorf Astoria Bali will have 71 expansive villas and 68 guest suites, multiple distinctive dining destinations, including the brand's signature Peacock Alley. Wellness experiences will include a spa, fitness center, and swimming pools overlooking the Indian Ocean. There will be 748 square meters of event space, including a 465-square-meter ballroom. Pacifica Hotels G.K. subsidiary Karasuma Hospitality G.K., and Taisei Yuraku Real Estate Co. Ltd. signed a franchise agreement with IHG Hotels & Resorts to rebrand a 103-room hotel in a prime Kyoto location to IHG's new midscale brand, Garner. The Garner Hotel Kyoto Shijo Karasuma will open this coming November following an extensive interior renovation of the existing property. This will be the first Garner hotel in Kyoto and the fourth in Japan. IHG's Six Senses brand signed a hotel management agreement with Narai Hospitality Group to introduce Six Senses Bangkok as part of Hatai, a mixed-use development on the site of the Narai Hotel in the heart of Silom. The Six Senses Bangkok will have around 100 rooms and suites, including a 700-square-meter suite. There will be a rooftop pool, and the main restaurant will connect to a sky lobby via a sky garden. Guests can expect integrated wellness offerings with the Six Senses Spa Bangkok. Anantara Kihavah Maldives Villas announced the debut of its reimagined Beach Pool Villas, setting a new benchmark in beachfront luxury. Resorts World Sentosa in Singapore launched the three-story mall Weave, opening on July 1. The lifestyle and community enclave spans 20,000 square meters and houses almost 40 tenants, but not all have moved in yet. This is part of the largest $6.8 billion Resorts World Sentosa expansion plan. Asset World Corp Public Company Limited (AWC) signed a long-term Green Loan agreement worth THB7,904 million with Krungthai Bank. The Green Loan will be used for the development of the ultra-luxury flagship project, Hotel Plaza Athénée Nobu New York, located in the heart of Manhattan's prestigious Upper East Side. The Hotel Plaza Athénée Nobu New York is a collaboration between AWC and Nobu Hospitality. TFE Hotels has officially launched its premium extended-stay brand, A by Adina, in Europe, marking a major milestone in the company's expansion strategy. The first European property, A by Adina Vienna Danube, opens in Austria's capital, offering a new level of luxury in apartment-style accommodations that combine independence with high-end hotel services. The European debut of A by Adina comes as TFE Hotels continues to strengthen its presence across the continent through its established Adina Hotels brand and its tech-enabled concept, MM:NT. A by Adina Vienna Danube delivers a gym, a yoga studio, a private heated infinity pool, a member-exclusive wellness area that includes saunas and an infrared cabin, and an onsite restaurant and bar.
Skift
21 hours ago
- Business
- Skift
Geopolitical Tensions and Low Season Drag India Hotel Occupancy Below 60%
The conflict with Pakistan might have led to the Indian hotel industry declining in May month-on-month, but it does not seem to have derailed the sector from its long-term ascent. The seasonal slowdown and tensions with Pakistan brought occupancy and revenue per available room (RevPAR) down for the hospitality industry in India in May. According to hospitality advisory firm HVS Anarock's latest data, RevPAR for hotels across India in May were down by over 20% as compared to April. Occupancy also declined month-over-month to 58-60% in May. This was also lower than the occupancy rate last May. The average room rates declined 10-12% compared to April, HVS data showed. HVS said, 'Occupancy trends in May 2025 revealed a noticeable year-on-year dip across most major markets, reflecting seasonal softening combined with geopolitical sentiment dampening travel demand. Chandigarh reported the sharpest decline... possibly due to the tensions between India and Pakistan.' Sector Still Remains Strong: Despite the slowdown in May, compared to the month before, the industry fared better than it did last year. The average room rates were 6-8% as compared to May 2024, while the RevPAR increased by 4-6% year-on-year. This indicates that the dip in occupancy was likely driven more by geopolitical tensions as the sector continued to perform better than last year despite seasonal slowdown typically seen during May. 'Average rates in May 2025 saw robust year-on-year growth, with double-digit gains in several cities,' HVS said in its report. 'Mumbai and New Delhi maintained their premium positioning, with average rates exceeding ₹10,000 ($117) and ₹8,500 ($99), respectively, while Jaipur and Hyderabad saw tremendous year-on-year growth.' Through May this year, hotel brands signed nearly 19,100 rooms, up 27% year-on-year. During the same period, over 5,300 branded keys have been opened for operations, an increase of 46% as compared to last year. Earlier this year, HVS Anarock said that its outlook for the Indian hotel industry is 'not just optimistic; it's electric.'
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Business Standard
2 days ago
- Business
- Business Standard
Hotel sector grows on surging room rates, shows HVS Anarock data
In May 2025, the country's average rates showed resilience, holding firm despite the seasonal slowdown and the heightened tensions with Pakistan New Delhi Indian hotel sector continues to show a strong momentum with average room rates (ARR) rising by double-digits in most cities across the country in the past five months, according to HVS Anarock data. In May 2025, the country's average rates showed resilience, holding firm despite the seasonal slowdown and the heightened tensions with Pakistan.
Mint
29-04-2025
- Business
- Mint
India hotel deals seen hitting ₹4,200 crore amid record IPO pipeline
Get ready for a hotel boom in India, as large conglomerates like the Adani group enter the hospitality sector and incumbents deploy fresh investments in a country where rising prosperity fuels demand for travel and tourism. Record public listings, projections for average room rates exceeding ₹ 10,000, and deal activity expected to surge to ₹ 4,200 crore are setting the stage for a strong 2025. This follows a year of robust expansion, with hotel brand signings hitting an all-time high, signaling significant future supply, according to a report by hospitality consulting firm HVS Anarock. Hotel occupancy is projected to rise to 70% by 2026, from 63–65% last year, and average room rates could jump by nearly a third from ₹ 7,800–8,000 a night, the report, titled 'HVS India Hospitality Industry Overview 2024', and shared exclusively with Mint, said. Hotel brand signings — where a hotel chain or management company formally agrees to operate a new or existing property under its brand — surged 62% in 2024, adding around 47,000 rooms to the future supply, the highest ever recorded in a calendar year. India currently has about 200,000 branded hotel rooms. In 2024, revenue per available room (RevPAR) stood at ₹ 5,000–5,200, representing a 27–29% increase over pre-Covid levels. Although inbound foreign tourism recovery remained slower than expected, domestic demand drove strong performance, with hotel development activity sharply focused on small towns and emerging leisure markets. According to Mandeep S. Lamba, president and CEO of South Asia for, HVS Anarock, the industry is expected to see record levels of investment in building and acquiring hotels, with several marquee deals already underway. The stock market listings expected in 2025 are also promising. Last week, Prestige Hotel Ventures filed its draft prospectus with the Securities and Exchange Board of India (Sebi) to raise ₹ 2,000-2,500 crore through an initial public offering (IPO). Schloss Bangalore Ltd, the parent company of The Leela Palaces, Hotels & Resorts, too has filed preliminary papers for an IPO valued at ₹ 5,000 crore. Meanwhile, branded economy hotels — budget-friendly properties operated under known brand names — are becoming a key growth segment. Although they account for just 5–7% of planned hotel room supply currently, their presence is rising quickly in smaller towns and cities, in response to the growing demand for value-driven travel. "The country is moving towards becoming the fastest-growing hospitality market in the world, mainly because we have lower penetration of organised hotels and branded rooms compared to other countries," Lamba said. The hotel sector is set to see a major boost in 2025, with transactions expected to total around $500 million, or more than ₹ 4,200 crore, he said. Signs of this momentum are already visible. Earlier this week, Singapore's sovereign wealth fund GIC announced an investment of ₹ 752 crore to acquire a 35% stake in five hotels owned by Samhi Hotels, indicating strong interest from large investors. The year 2024 saw hotel transaction values jump to about $348 million, or roughly ₹ 2,900 crore, continuing the positive trend that began in 2023. Notable deals included Chalet Hotels Limited's purchase of the Courtyard by Marriott Aravali in Haryana for ₹ 315 crore in March, and Juniper Hotels Limited's acquisition of a 220-room property near Bengaluru airport for ₹ 280 crore in October. Other significant transactions during the year included BCM Group buying The Golden Palms Resort and Spa, and SAMHI Hotels acquiring Trinity Hotels in Bengaluru. "This strong momentum in 2024 led to a record number of hotel signings, with transaction values reaching $348 million or around ₹ 2,900 crore," Lamba said. He added that the deals reflect a wide range of investors—from real estate developers to hospitality companies—all looking to benefit from the sector's growth. Bengaluru and Mumbai were the hotspots, together accounting for more than 60% of the total transaction value in 2024, while Goa and Chennai also attracted considerable investor interest. Hotel signings by the number of rooms to be added grew to 47,249 rooms in 2024, reflecting a 62% increase from the 29,143 keys recorded in 2023. This growth included the signing of 382 new properties (40,737 keys), the rebranding of 102 hotels (6,437 keys), and the expansion of one property, which added 75 additional keys to its inventory. Another key trend in 2024, was the notable rise in the average room count per property, which rose to 98 rooms, up from 89 keys in 2023. Hotel companies reported to HVS Anarock that among all business segments, wellness services saw the strongest revenue growth in 2024, with a 14.1% year-on-year increase. Food and beverage revenues grew by 10.9%, while revenues from conferences and banquets rose by 9.9%. When compared to pre-pandemic levels in 2019, the numbers are even more striking—food and beverage revenue is up by 32%, and conferences and banquets revenue grew by 36.3%. "Hotels are increasingly tapping into high-margin ancillary services, and the sector is evolving into a more diversified revenue ecosystem, with wellness, events, and dining becoming more important than ever," he said. Large concerts and events also contributed to this growth. Performances by Bryan Adams, Dua Lipa, Diljit Dosanjh, and Arijit Singh, along with major music festivals like Lollapalooza, helped drive travel and hotel bookings in the cities where they were hosted.
