Category Archives: Trends

IntelliStay Hotels announces equity investment from Prama Hotels

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Intellistay Hotels has announced a fresh round of equity infusion from promoter group Prama Hotels (PRAMA). IntelliStay operates full-service hotels under three Brands: Mango Hotels, i-Stay Hotels and Apodis Collection. IntelliStay last raised an equity round in tranches from Apodis Hotels and Resorts (Apodis) which now hold a significant majority stake in IntelliStay Hotels. PRAMA is the promoting company of Apodis. Since 2012, IntelliStay Hotels has signed and opened 23 hotels till March 2019. Another 30 hotels are in the signed and project stage with a target of over 2500 keys operational by March 2020. This puts IntelliStay on the list of top 10 hotel companies in India by number of keys under management. PRAMA recently completed a strategic round of investment from TripBorn, Inc., an emerging Indian last mile Commerce and Connectivity platform. As part of the deal, PRAMA will use the infusion to drive the businesses of IntelliStay and the other group company, Apodis Foods & Brands Ltd. (AFBL), which provides Food & Beverage services to several popular economy hotel chains across India. The transaction is expected to add immediate scale to the businesses within India’s growing hospitality segment. PRAMA generated approximately USD 8.5 million in revenues from its operating entities for the year ended March 31, 2019 and generated positive cash flow from operations.

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OYO to acquire Amsterdam’s @Leisure Group with 30,000 holiday homes & apartments

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OYO Hotels & Homes has announced that it has agreed to acquire Amsterdam-based @Leisure Group. @Leisure is a leading vacation rental company in Europe and manages holiday homes, holiday parks, and holiday apartments. @Leisure Group, through its Belvilla, DanCenter, and Danland brands, offers more than 30,000-fully managed holiday homes across 13 countries in Europe and through its Traum-Ferienwohnungen brand, offers a subscription-based home management service with over 85,000 homes across 50 countries. This represents a total inventory of 300k+ rooms. @Leisure Group has the unique ability to offer varied collections of managed homes across Europe to customers from across the world. The acquisition helps OYO move a step closer in realizing its vision of becoming a global real estate brand while maintaining leadership in the hospitality industry.

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Marriott launches home rentals in over 100 markets

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Marriott International has announced Homes & Villas by Marriott International, a home rental initiative offering 2,000 premium and luxury homes located in over 100 destinations throughout the United States, Europe, the Caribbean and Latin America. The members of Marriott Bonvoy can earn and redeem points at these homes, providing even more choice of accommodations that suit a range of travel needs around the world. “The launch of Homes & Villas by Marriott International reflects our ongoing commitment to innovation as consumer travel needs evolve,” said Stephanie Linnartz, Global Chief Commercial Officer, Marriott International. “What started out as a pilot a year ago is now a global offering, providing our guests with the space and amenities of a home backed by a trusted travel company, and the very best in loyalty benefits.” Marriott’s expansion into home rentals was developed as a result of the 2018 pilot under the brand extension Tribute Portfolio Homes. Of the guests who booked a home during the pilot, which was only available in select European cities, nearly 90 percent were members of Marriott Bonvoy and over three-quarters were traveling for leisure with family and friends. During the pilot, the average guest stay was more than triple the typical hotel stay. These insights, along with Marriott’s commitment to providing travelers with unique and different accommodations including spacious homes with one or more bedrooms, large kitchens, in-unit laundry and more, played an important role in guiding the selection of luxury and premium homes, as well as the key leisure markets available at launch that complement the core offerings of Marriott’s hotel portfolio.

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Marriott expects to reach 30,000 rooms in India by 2023

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Marriott is expected to reach more than 30,000 rooms in India by end 2023. Right now the brand has an inventory of 25,000 rooms. Given India’s robust economy and rising middle class, the country continues to present exciting growth opportunities, leveraging strong demand for Marriott’s select-service brands and growing demand for its upper upscale and luxury portfolios. The company expects to debut the Tribute Portfolio brand in India, with the opening of Port Muziris, Kochi, a Tribute Portfolio Hotel slated for the second quarter of 2019. “As important as our size is our commitment to deliver seamless and quality experiences for our guests at on-brand properties. Today’s traveller demands authentic, personalized and transformative experiences, whether for work or for pleasure, as a way of broadening their individual horizons and achieving a deeper understanding of the world. As the world’s leading hospitality company, it is in our DNA to strive to be part of our guests’ favorite moments and memories. We are dedicated to Marriott International remaining Asia Pacific’s favorite travel company,” says, Craig S. Smith, President and Managing Director, Marriott International Asia Pacific.

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Shangri-La to unveil its first standalone dining outlet at Changi Airport

Shang Social_Modern Masters of Authentic Chinese Cuisine

The Shangri-La Group has announced the launch of its first standalone dining establishment – Shang Social– at Jewel Changi Airport (Jewel) this April. Shang Social marks the group’s first venture into standalone food and beverage (F&B) outlets outside of a hotel setting and pays tribute to three distinctive Chinese cuisines – Cantonese, Huaiyang, and Sichuan. Diners at the 220-seater Shang Social will be brought on a culinary journey conceptualised by three of Shangri-La’s highly acclaimed master chefs. The extensive menu features traditional and contemporary interpretations of classic Chinese cuisine while staying true to their authentic flavours and roots. Between the formal dining space, the casual MRKT and Bar, Shang Social is specially designed to cater to everyone and for every dining occasion. “We are excited that our first standalone F&B outlet is at Jewel Changi Airport. Jewel’s strategic location at one of the world’s busiest airports offers us an ideal opportunity to showcase our many Chinese specialities to a global audience. With Shang Social, we are taking our first steps to bring our collective culinary heritage to a wider community outside of the hotel setting,” said Mr. Lim Beng Chee, Shangri-La Group CEO. “We are honoured that the Shangri-La Group has chosen Jewel for their first standalone dining establishment. Our team has carefully curated a fine selection of dining options to delight even the most well-travelled taste buds, and the addition of Shang Social is testament to our commitment to curate the highest-quality retail and dining offerings for our guests,” said Ms Hung Jean, CEO of Jewel Changi Airport Development.

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Radisson Rewards members can now redeem points with over 35 airlines

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Radisson Rewards, the global rewards program of Radisson Hotel Group, has expanded its portfolio of airline partners to allow members to take off with Radisson Rewards and redeem their points with over 35 airlines. “We’re excited to expand the value of our membership by providing guests an easy way to earn airline miles while also enjoying the benefits of being a Radisson Rewards member,” said Efrem Berman, Head of Global Loyalty and Engagement, Radisson Hotel Group. “By joining Radisson Rewards, members will receive member-only rates and have access to exclusive benefits that are sure to create memorable moments.” All guests wanting to earn airline miles for their hotel stays need to become a Radisson Rewards member. Members can choose to set their Radisson Rewards account profile to automatically convert their points with their preferred airline every time their account reaches 10,000 points, or members can redeem their points in increments of 2,000, 50,000 or 100,000, whenever they choose. The list of the airlines is below- AIRLINE PROGRAM NAME Aeroméxico Club Premier Air Astana Nomad Club Air Baltic airBaltic Club Air Canada Aeroplan Air China PhoenixMiles Air France/KLM Flying Blue American Airlines AAdvantage Asiana Airlines Asiana Club Avianca LifeMiles British Airways Executive Club Cathay Pacific Asia Miles Czech Airlines OK Plus Delta Air Lines SkyMiles Emirates Skywards Ethiopian Airways Sheba Miles Etihad Airways Etihad Guest Finnair Finnair Plus Frontier Airlines Frontier Miles Gulf Air Gulf Air Frequent Flyer Program Hainan Airlines Fortune Wings Club Japan Airlines Mileage Bank® Jet Airways JetPrivilege Kuwait Airways Oasis Club LATAM LANPASS Lufthansa Miles & More Malaysia Airlines Enrich Miles Oman Air Sindbad Philippine Airlines Mabuhay Miles Qantas Airways Frequent Flyer Qatar Airways Privilege Club SAS …

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Marriott announces three-year growth plan, to add over 275,000 rooms globally by 2021

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Marriott International has announced its three-year growth plan, which includes opening more than 1,700 hotels around the world, at its meeting with institutional investors and security analysts at the New York Marriott Marquis. Marriott will outline its plan to add between 275,000 and 295,000 rooms by 2021, supported by the strength of its record 478,000-room pipeline, including roughly 214,000 rooms already under construction. Marriott will disclose that its new room openings during this period could contribute $400 million in fee revenue in 2021 and $700 million annually when stabilized. The company’s three-year growth plan assumes, but does not forecast, comparable hotel revenue per available room (RevPAR) growth of 1 and 3 percent, compounded annually.

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Rajasthan remains leading state in brand signings and Goa in hotel openings in Q4 2018

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According to a recent report by JLL, Eight out of eleven markets in India witnessed an increase in RevPAR performance in Q4 2018 over same period last year. Rajasthan is the leading state in brand signings and Goa leads in hotel openings in Q4 2018. Importantly, 25% of new signings are conversions of old hotels. International hotel operators dominated signings over domestic operators with the ratio of 57:43.

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Zone by The Park, Jammu, opens with 51 rooms

Zone by The Park Jammu

Apeejay Surrendra Park Hotels has opened Zone by The Park, Jammu. This 51-room hotel will have one of city’s largest banquet spaces with 7500 sq. ft. party hall with an open lawn of 1800 sq. ft. making it ideal for weddings and large conferences. The hotel also has two large party halls for high powered meetings and events. Bazaar, the signature restaurant of Zone, is inspired by multi-hued charismatic native markets. The 24-hour restaurant with interactive service formats and LIVE cooking stations will give guests an unrivalled experience. Liquiteria at the lobby level will serve quick bites and health drinks to the guests. Z Bar will offer a wide selection of refreshing beverages. An open lobby that can be re-arranged for private events; a bulletin that connects the guests with the city’s action; gaming consoles and the coolest Zone Auto, are few attractions of this new hotel. Speaking about the launch, Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels Ltd. said, “Jammu is an all season destination for tourists with great weather and unmatched history. Popularly known as the winter capital of Jammu & Kashmir, the city attracts immense traffic because of temples and shrines. Drawing from The Park’s design spirit, Zone by The Park envisions an interactive series of buzzing spaces using the best of contemporary design, with playful interiors and vibrant nightlife. We will cater to the needs of design-conscious, price-conscious guests, who are visiting the city to explore prevalent natural beauty, history and spirituality.”

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TRIBE: Accor launches its new lifestyle brand

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Accor is set to launch a new lifestyle brand in the mid-scale segment, called TRIBE. The new brand will reshape the traditional hotel experience, enabling guests to live, work and play in contemporary interiors. With a flexible and unique model, the new TRIBE concept targets an international clientele of regular travellers. Whether traveling for business or leisure purposes, the TRIBE community is just like today’s men and women: independent, curious and adventurous.

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