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Showing posts from February 27, 2009

REPORTS| India| Hotel Mkt Review 08| KOLKATA

85% of the existing room stock in Kolkata falls under the 5-star and 5-star Deluxe category.

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- About 800 rooms are expected to be added in the 5-star and 5-star Deluxe segment by 2012, out of which around 225 keys will be ready in 2010.

- Some of the major brands expected to be operational in the coming years include
>joint venture projects by DLF and Hilton (239 rooms, EM Bypass);
> Unitech and Ritz (200 rooms, Tollygunge);
>DS Group and Carlson (320 rooms, near the airport)
>Berggruen Group (Rajarhat).


- The ARR was Rs.6,310 in 2007, & Rs.6,080 during the third quarter of this year.

- The average occupancy rate 74% during the same period this year, which reflects a decline of about 7% over the past year's level.

Budget Hotels

- ARR values in the range of Rs.2,860-3,200

- occupancy rate of around 77% during the off-peak sea…

NEWS| HYATT REGENCY BRAND RETURNS TO HONG KONG

Hyatt Hotels & Resorts announced today the return of its signature Hyatt Regency brand to Hong KongSubscribe
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Hyatt Hotels & Resorts announced today the return of its signature Hyatt Regency brand to Hong Kong with the opening of the 567-room Hyatt Regency Hong Kong, Sha Tin. The first international hotel brand to open in the New
Territories, the property features spectacular Tolo Harbor views, extraordinary restaurants and meeting space, as well as extensive spa and resort facilities surrounded by the scenery of the Hong Kong countryside. Adjacent to The Chinese University of Hong Kong and
conveniently located at University MTR Station, the hotel is a few minutes drive from Hong Kong Science Park and Hong Kong Jockey Club.

Hyatt Regency Hong Kong, Sha Tin will be one of three Hyatt hotels in Hong Kong by the end of 2009, along with the award-winning Gra…