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REPORTS| India| Hotel Mkt Review 08| Jaipur

The total room supply has gone up to 2,923 rooms from 2,655 rooms since FY 2006-07.

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...
- The Ramada, which became operational in early 2008 with an inventory of 160 rooms, and The Golden Tulip, which became operational towards the end of 2007 with an inventory of 108 rooms.

- Category wise,
367 rooms in the heritage category,
1,144 rooms in the 5-star category and
657 rooms in the 4-star category.

- Average annual occupancy level of about 65% in FY 2007-08.

Heritage Hotels
- occupancy level 50% in FY 2007-08.
- ARR Rs.17,000 for the FY 2007-08.

5-star Hotels
- occupancy levels have grown from being 62% in FY 2006-07 to 67% in FY 2007-08.
- The ARR for 5-star hotels during FY 2007-08 was Rs.4,500, which has almost doubled since FY 2003-04.

- players like Radisson, The Grand, Ten Hotels, Dusit International and Lemon Tree to set up new hotel projects in the city.

- Existing players like The Royal Orchid Group, Jaipur Golden, The Fortune Group and The Marriot Hotels are also setting up new hotels in the 4-star and 5-star categories.

- Around 1,450 new rooms are expected to be added to the existing inventory of 4-star and 5-star hotels in Jaipur by the end of 2010.

- The Radisson Group's hotel, with an expected inventory of 250 rooms, is the biggest upcoming project.




see the complete report at
http://www.hospemag.com/2009/02/reports-india-hotel-market-review-2008.html

NEWS| Intl| Hyatt to manage luxury resort in Portugal

Hyatt International | Hyatt Hotels
Hyatt Hotels and Resorts has announced that it will manage a luxury resort on Portugal's Alentejo coast

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Hyatt Hotels and Resorts has announced that it will manage a luxury resort on Portugal's Alentejo coast for Pelicano Investimento Imobiliário SA. Called Pinheirinho, a Hyatt Golf and Beach Resort, and located just an hour from Lisbon, Pinheirinho will feature a five─star luxury hotel, Park Hyatt Além─Tejo, as well as luxury villas, apartments and residences for sale and rental that will range in size from one─bedroom to three─bedroom units.

Park Hyatt Além─Tejo will offer 160 rooms, a signature restaurant by the pool, and a lounge and cigar bar. The beachfront of Pinheirinho will feature a beach club, a restaurant, and various water sports. Additional amenities and activities planned include soccer, tennis, rugby, beach volleyball, horseback riding and a fully─equipped fitness center.






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