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Hotel Industry News |
Tuesday December 2nd, 2008 |
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Hotels in India - Trends & Opportunities - By Manav Thadani |
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The hospitality industry in India has witnessed active interest and has transformed the country as one of the fastest growing markets. The report assesses current trends for the hotel industry. |
The New Delhi office of HVS International celebrates its 10th year of operations in the Indian sub-continent. This has also allowed us to witness a full cycle for the hotel sector in the country.
The last three years have been particularly exciting with the industry performing exceptionally well. More interestingly, it has taken us approximately 11 years to reach or exceed the previous occupancy highs seen in the mid-nineties. This publication assesses current trends and presents future opportunities for the hotel industry in India.
As always, apart from conducting specific research for this publication, we have included macro data provided by the Department of Tourism. The publication briefly discusses the tourism industry in India in the context of the present economic scenario and presents the results of our survey on the performance of mostly branded hotels, analysed by each segment of the hotel market, as well as by major cities.
Click here ( Adobe Acrobat PDF file) to download the complete article.
About the Author
Manav Thadani, Managing Director, HVS International-India, joined HVS International's New York office as a Consultant and Valuation Analyst in 1995. Prior to joining HVS, he gained six years of operational experience in various hotels in New York City. He moved to the London office in early 1997 and then opened HVS International's New Delhi operations.
Mr. Thadani, with partner Stephen Rushmore owns the New Delhi operations of HVS International. In 2001, along with Keith Kefgen and Stephen Rushmore, he launched the HVS Executive Search division in India.
He has conducted various feasibility and market studies and performed hotel valuations for many major hotel chains and investment banks around the globe.
Mr. Thadani has a BS degree in Hotel and Restaurant Management, School of Education, New York University and MA in Food Service Management, School of Education, New York University.
Service: Consulting & Valuation
Office: New Delhi
Email: mthadani@hvsinternational.com
Address: C-67, Anand Niketan
2nd Floor
New Delhi, ND, 110021
Phone: +91 11 2410-1005
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Contact Information:
372 Willis Avenue
Mineola, New York 11501
516-248-8828
516-742-3059 FAX
Click for Website
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Since 1980, HVS International, the leading global hospitality consulting organization, has provided financial and valuation consulting services for more than 10,000 hotels in all 50 states and more than 60 foreign countries. |
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