Hospitality

With the purchase of ZiP by Spree Hotels Orient on Great Nag Road in Nagpur, Spree Hospitality has extended its foothold in Maharashtra. Launching in July, the new hotel promises an unmatched experience.

Bangalore-based Prestige Estate Projects plans to treble its hotel portfolio with a ₹1700 crore investment in the next 3-4 years. Managing 1,849 keys across India, the business aims to create ₹1,800 crore in income, tripling current sales of ₹900 crore.

Sun Estates Developers expands into Goa's hotel market, investing ₹1000 crore in several projects. This strategy builds on their previous successes, like buying the Astor Hotel.

The Ascott Limited, Singapore's hospitality giant, launches Citadines Paras Square Gurugram in North India via a strategic partnership with Paras Buildtech. Ascott's first hotel in the dynamic area expands its Indian portfolio to 18 hotels in Bangalore, Hyderabad, Pune, Goa, and Chennai.

Vikram Oberoi, CEO and MD of EIH Limited, is leading the Oberoi Group in establishing 50 additional hotels by 2030 to expand its portfolio. The Skift India Summit announced this expansion to strengthen Oberoi and Trident brands in desirable locations. Oberoi explained his plan to integrate smaller,

Reliaable Developers and Oakwood Hotels, part of The Ascott Limited, are collaborating to build a unique resort on the busy HSR-Sarjapur Road-Electronic City corridor. This partnership demonstrates Reliaable Developers' dedication to provide luxury and unmatched experiences.

Branded rental villas are leading the Indian hospitality industry's change. According to a professional analysis, this growing business was worth $329.6 million in 2023 and is expected to reach $1377 million by 2028, growing at over 33% annually.

Indian hospitality is undergoing a change in 2024, with new trends expected to revolutionise visitor experiences. Staying on top of these trends is crucial for industry experts and firms to remain ahead of the competition.