J.W. Marriot, Shangri-La Hotels & Resorts, Four Seasons Hotels & Resorts, Relais & Chateaux, Park Hyatt Hotels and Fairmont Hotels & Resorts are some of the high-end international hoteliers plans to significantly expand their presence in the next several years in India. One incentive is the increase of high-end travelers to the country, but analysts says that the main reason is the rising global importance in India within the business community, travel and hotel executives.
Regional Vice President of Development for Four Seasons in Asia, Christopher Wong said that similar to China, India manage to be one of the main growth engines in the world, and as the economy continues to grow, business travel towards and inside India will increase. According to the government’s ministry of Tourism, in 2007 there were around 270,000 business travelers to India, while in 2010 that number has jumped for more than a million. A forecast from the World Travel and Tourism Council predicts that the total business travel spending in India in between 2011 and 2021 will increase by 8.8 percent a year, from $26 billion to $72 billion. From back office operations in Mumbai, Bangalore and in Hyderabad and from American Companies that adds outsourcing have share for the growth according to the Vide chairman of Deloitte and leader of the company’s travel sector Adam Weissenberg. Because outsourcing involves high-end business travelers going to India from the West that expect luxury accommodations that’s why it results for high-end hotels to build properties in India.
In 2012, 230-room property in Bangalore while a 260-room in New Delhi in 2015 will be open by Toronto-based Four Seasons, bothe hotels will have high-end retail stores including private residences that cost between $800,000 and $3.2 million to purchase. Jw Marriott that currently locates in Chandigarh and Mumbai will open this year and next year in Gurgaon, New Delhi, Bangalore and in Chennai. While in Mumbai, in midyear, Shangri-La Hotels and Resorts set to open its second India property and between 2013 and 2014, two developments in Bangalore will be open too. The property in Mumbai which is 410-room will have views in the Arabian Sea and Mahalaxmi Racecourse and it has a private helipad on the roof top. And Park Hyatt Hotels which is located at Goa, and has a property that is soon be open in Chennai and Hyderabad this year. The Fairmont Hotels and Resorts that came from Toronto, Canada will open a 199-room property in Jaipur by March, the brand will enter India for the first time. It includes a hotel within a hotel that they call Fairmont Gold that offers complimentary amenities such as a lounge with tablets and computers, am elaborate spread of evening hors d’oeuvres like sushi and prawns, they will also offer hot breakfast and happy hour cocktails. The room rates is close to $400 per night.
Boutique property group Relais and Chateaux invested $14 million in their partners with local hoteliers plans to build new properties in India. Chief executive Jaume Tapies said that they see an opportunity to develop and the boutique hotel in India hasn’t really existed yet. Local employees trained in amenities, services and decor by the staff from Paris. In 20 upcoming properties of these high-end hotels, $14 million new capital will be invested in India.
REFERENCE:
http://specials.forbes.com/article/0flm4xV5NbaMt
http://www.top99news.com/2012/02/13/india-ink-outsourcings-surprise-by-product-more-luxury-hotels-in-india/
