Hotelier India checks in with leading stakeholders in this domain to understand how they are gearing up to meet evolved guest needs with fewer resources at hand. Here is a look at the ways they are leveraging technology to enhance operations while simultaneously minimising costs for their existing properties and those in the pipeline. They also share insights into the strategies they plan to employ for higher yield with reimagined operations.
EYE ON THE BALL
Ambuja Neotia forced itself to look ahead and get ready to confront the emerging environment in a bid to future-proof its business
In an environment of lower revenues, high fixed costs, and less than optimal asset returns, Harshavardhan Neotia, Chairman of Ambuja Neotia, believes that hospitality players will need to determine which areas to prioritise and invest in. The Kolkata-based real estate company focused on equipping and positioning its resorts as long-stay, work-from-home places. Moving forward, it plans to develop more properties ideal for use as staycations or workstations.
It is introducing a 126-room hotel in Patna in partnership with Indian Hotels Company Ltd (IHCL), the first branded luxury hotel in the city. “We also have plans to build hotels in Darjeeling and Lataguri, Sunderbans and Digha,” Neotia revealed. “We have chalked out plans to develop four Altair in eastern India, including the existing property in Kolkata. We also hope to launch Taj City Centre (erstwhile Swissotel) in New Town by April 2022 while the 61-key Taj Guras Kutir in Sikkim will open in FY 2022-23.”
BUILDING VALUE
Hoteliers, including the Ambuja Neotia, reduced capital-expenditure spending in 2020 because of the pandemic. The company took steps to ensure that the group’s debt-equity ratio was not distorted.
Bu hikaye Hotelier India dergisinin March 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Hotelier India dergisinin March 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Why Western Couples Are Choosing India For Their Big Day?
Decoding the reason, and how to cater to them...
A Match Made in India
Director General of Tourism Mugdha Sinha's grand vision for wedding tourism...
Tee Off in Style
Hoteliers are giving golfing facilities a boost even as they offer putting greens that make the sport popular.
Bespoke Getaways: What Makes Them Desirable?
Boutique hotels are increasingly becoming the first choice among discerning guests as they provide meaningful breaks.
Blending Tradition with Innovation
The balance of honouring tradition while adding a dash of modern flair is what keeps the culinary scene fresh and exciting...
DON'T THINK, OUTSIDE THE BOX
The oft-quoted maxim, \"Think out of the box!\" does little to encourage creativity or innovation and often is their enemy.
Putting the Wow into Weddings
As hotels become the preferred venue choices for weddings, the industry is certainly shaking things up.
Innovation Is Not an Option but a Necessity
Emphasizing the need for the Indian hospitality sector to innovate and disrupt itself in the current transformative period.
Why Marriott built its GCC in India?
Drew Pinto, Executive Vice President and Chief Revenue & Technology Officer of Marriott International, tells Hotelier India all about finding the best talent in India...
FROM POTENTIAL TO POWERHOUSE
In an exclusive and candid interview with Hotelier India, Gajendra Singh Shekhawat, India's Minister of Culture and Tourism, speaks about how tourism and hospitality will power India's economy by 2047.