mandeep lamba
HVS Monday Musings: Indian Hotel Sector – Riding the Next Growth Cycle
Mandeep S. Lamba | September 12, 2022
By Mandeep S Lamba, Dipti Mohan After months of low occupancy and falling average rates due to the pandemic, the Indian hotel industry is finally witnessing renewed growth. The upcycle is clearly underway and is expected to last for the next 4-5 years, as demand is spiraling while supply growth is relatively low, which is a significant difference from the previous upcycles in the industry. This augurs well for the industry because, as shown in the graph below, hotel performance in India is highly sensitive to supply and demand dynamics. The industry’s golden age was from the calendar year 2000 to 2005. Following the September 11 attac...
HVS Monday Musings: Airport Hotels: A Growing Trend in India
Mandeep S. Lamba | August 22, 2022
By Mandeep Lamba, Dipti Mohan Airport hotels - properties located near or within airport premises - are becoming increasingly common around the world, including in India. The concept, which was first introduced in the US in the early 1930s to provide convenient accommodation for airline crew and passengers, has emerged as an important sub-segment in the hotel industry in recent decades. As in other countries, airport hotel supply took off in India as airport infrastructure improved. There are approximately 12,000 branded airport hotel keys currently in operation and over 4,600 keys in the pipeline in various cities in the country. New-age ...
HVS Monday Musings: Indian Hotel Sector – 2021 Performance Review
Mandeep Lamba | January 31, 2022
By Mandeep Lamba, Dipti Mohan Following an abysmal performance in 2020, the Indian hotel sector found some much-needed hope in 2021, as it made steady headway on the road to recovery. The year began on a promising note with the commencement of the vaccination program, which, combined with a decrease in COVID cases, improved travel sentiment in the country. Domestic leisure travel drove the recovery throughout the year, with business travel also picking up as most businesses and organizations returned to a full or hybrid work-from-office model. Additionally, weddings and social events, as well as the resurgence of small-to-medium-...
Chandigarh – the Emerging Hospitality Hotspot in India
Mandeep S. Lamba | January 17, 2022
By Mandeep Lamba, Dipti Mohan Chandigarh, also popularly known as the Tri-city region, is quickly becoming the new hospitality hotspot in India. Following the second wave, Chandigarh's hotel sector has recovered quicker than several other markets in the country, with occupancy rates rising from a low of around 15% in May 2021 – the peak of the second wave – to close to 70% by November 2021, comparable to pre-pandemic levels. Since the second wave ebbed, the Tri-city region, along with Goa, has had the highest month-on-month occupancy in the country. Moreover, in contrast to numerous other Indian business destinations, average...
HVS Monday Musings: Staycations – a Trend That’s Here to Stay?
Mandeep S Lamba | September 13, 2021
By Mandeep Lamba, Dipti Mohan It's no secret that after COVID, staycations – vacations near to home, within the same city, or at drive-able destinations – are becoming increasingly popular around the world. Staycations allowed people to escape their daily routines post the many lockdowns, while also helping the hotel industry in weathering the COVID-storm when demand from all other customer groups came to a halt. Furthermore, with the rise of work-from-home and e-schooling, many people were able to enjoy staycations without taking long leaves. In the past year, everyone from homestay and vacation rental owners to hoteliers with propert...
Multi-Year Recovery Along With New Opportunities for the Travel and Hospitality Sector, Predicts HVS Global Leadership
HVS | September 10, 2020
DENVER, CO, September 10, 2020: HVS senior management across the globe hosted a webinar on September 8, 2020, to offer expert perspectives on key hospitality topics including how the COVID-19 pandemic has affected their respective regions and the kind of recovery hoteliers can anticipate, as well as the long-term changes the sector is likely to experience. Opened by CEO Stephen Rushmore and moderated by HVS London Chairman Russell Kett, the webinar also included a straw poll, in which 51% of the over 1,800 global participants said they expected RevPAR (rooms revenue per available room) to return to pre-COVID-19 levels during 2023, wit...
Opening New Revenue Streams in the Hospitality Sector
Mandeep S Lamba | August 10, 2020
By Mandeep S. Lamba, Dipti Mohan Innovation and creativity are often the by-products of a crisis. This pandemic is no different. The current crisis has forced the hospitality sector globally to come up with innovative and indigenous ways to utilize their assets to stay afloat, in the process opening newer revenue streams. From food delivery, laundry, housekeeping, and facility management to warehousing and more, hotels need to reimagine ‘hospitality’ by extending their services to guests in the comfort of their offices and homes. Most hotel chains have already ventured into food delivery and laundry services to entice customers in t...
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