HVS India has announced the publication of the 2012 India Trends & Opportunities Report (T&O).
NEW DELHI- HVS India, which has been tracking trends in the nation’s hospitality industry for the last 17 years, has announced the publication of the 2012 India Trends & Opportunities Report (T&O). Co-authored by HVS India Managing Director Kaushik Vardharajan and HVS Consulting and Valuation Associate Yashaas Rajan, The Trends & Opportunities report assesses key trends in market performance of 13 major Indian cities and also presents HVS’ outlook of the markets’ performances in the near future. It also outlines existing and future opportunities in the hospitality industry of specific interest to investors, developers and hotel operators.
This report is generated after analyzing the results of the Trends & Analysis Survey conducted by HVS annually; the survey collates data related to key hospitality industry operational characteristics.
“When we started collecting data for major Indian cities in 1995/96, only 120 hotels with a total of 18,160 rooms participated in the survey,” explains Vardharajan. “This year, a record 551 hotels with a total count of 69,891 rooms participated — an increase of an additional 89 hotels and approximately 12,000 rooms since the last survey. The growing number of survey participants over the years demonstrates an increase in both HVS’ penetration into the market and the market’s size.”
Vardharajan adds, “Through this year’s report we wanted to present a case for why the Indian hospitality industry is still an attractive destination for investments and how it still has tremendous potential. With the largest reporting set ever and detailed analyses across thirteen cities, this year’s report is the most detailed study on the hospitality industry in India.”
Rajan continues, “The Report highlights forecast and industry performance and also provides detailed analyses of up and coming destinations including Ahmedabad, Greater Noida and Navi Mumbai.”
Trends for the Indian hospitality industry as indicated in the HVS India report include:
- Future supply is more evenly spread out and should have a less detrimental impact on marketwide occupancy levels.
- The capital flowing in the hospitality industry originating from institutional players is to increase, especially in the budget and mid market spaces.
- The hospility industry in India is entering a consolidation phase that will pay itself out over the next 12-24 months.
The report also highlights opportunities in the sector, especially across the MICE segment, while hotel sustainability transforms into a strategic component for decreasing operational cost.
Luc Citrinot a French national is a freelance journalist and consultant in tourism and air transport with over 20 years experience. Based in Paris and Bangkok, he works for various travel and air transport trade publications in Europe and Asia.
