Hotels Annual Review September 2009
CRISIL Ltd.
October 1, 2009 160 Pages - SKU: CRSL2467767
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Pricing pressure over the medium term as supply will outstrip demand growth
The hotel industry in India witnessed robust growth from 2003-04 to 2007-08, with ARRs registering a CAGR of 24 per cent. The slowdown in the economy and high room rates caused a dip in occupancy rates in some destinations such as Mumbai and NCR, and demand swayed towards mid-market hotels. Consequently, ARRs have started to decline from the second half of 2008-09.
Going forward, despite an expected revival in demand by 2010-11, players will not be able to hike ARRs significantly, as the expected additions to room inventory will intensify competition, compelling hoteliers to focus on volumes to propel growth. Business destinations are poised to see higher growth in room inventory compared to leisure destinations. Between 2008-09 and 2013-14, room availability is anticipated to grow at a CAGR of 11 per cent across business destinations, while demand is expected to grow at a CAGR of 10 per cent. Consequently, occupancy rates will be lower than seen in the last few years.
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- Sections
- Demand to revive in 2010-11; but RevPAR growth to be moderate due to intensifying competition
- Executive summary
- 1.0 Snapshot - Business and leisure destinations
- Higher rates no longer sustainable, moderate pricing to prevail
- 2.0 Business destinations
- Ahmedabad
- Bengaluru
- Chennai
- Hyderabad
- Kolkata
- NCR
- North Mumbai, Navi Mumbai hotels
- South and Central Mumbai hotels
- Pune
- 3.0 Leisure destinations
- Agra
- Goa
- Jaipur
- Kerala
- 4.0 Project economics
- Feasibility of hotels being commissioned across key business destinations in 2009-10
- Cost assumptions
- Hotels in North Mumbai and Delhi to generate positive returns earlier than rest
- Hotels in North Mumbai, Delhi and Bengaluru likely to generate higher returns
- Figures
- 1.0 Snapshot - Business and leisure destinations
- 01 ARR index
- 02 RevPAR index
- 03 Supply growth in key destinations
- 04 RevPAR outlook business destinations (A)
- 05 PAR outlook business destinations (B)
- 06 PAR outlook leisure destinations
- 2.0 Business destinations
- 01 Ahmedabad - Category wise break up of existing supply
- 02 Ahmedabad - Area wise supply
- 03 Ahmedabad hotels - ARRs and occupancy rates
- 04 Ahmedabad hotels - Room availability and demand
- 05 Bengaluru - Category wise break up of existing supply
- 06 Bengaluru - Area wise supply
- 07 Bengaluru hotels - ARR and occupancy rates
- 08 Bengaluru hotels - Room availability and demand
- 09 Chennai - Category wise break up of existing supply
- 10 Chennai - Area wise supply
- 11 Chennai hotels - ARRs and occupancy rates
- 12 Chennai hotels - Room availability and demand
- 13 Hyderabad - Category wise break up of existing supply
- 14 Hyderabad hotels - Area-wise supply
- 15 Hyderabad hotels - ARRs and occupancy rates
- 16 Hyderabad hotels - Room availability and demand
- 17 Kolkata - Category wise break up of existing supply
- 18 Kolkata hotels - Area-wise supply
- 19 Kolkata hotels - ARRs and occupancy rates
- 20 Kolkata hotels - Room availability and demand
- 21 NCR - Category wise break up of existing supply
- 22 NCR hotels - Area-wise supply
- 23 Delhi hotels - ARRs and occupancy rates
- 24 Delhi hotels - Room availability and demand
- 25 Gurgaon hotels - ARRs and occupancy rates
- 26 Gurgaon hotels - Room availability and demand
- 27 North Mumbai - Category wise break up of existing supply
- 28 North Mumbai hotels - Area-wise supply
- 29 North Mumbai hotels - ARRs and occupancy rates
- 30 North Mumbai hotels - Room availability and demand
- 31 South and Central Mumbai Category wise break up of existing supply
- 32 South and Central Mumbai - ARRs and occupancy rates
- 33 South and Central Mumbai - Room availability and demand
- 34 Pune - Category wise break up of existing supply
- 35 Pune hotels - Area-wise supply
- 36 Pune hotels - ARRs and occupancy rates
- 37 Pune hotels - Room availability and demand
- 3.0 Leisure destinations
- 01 Agra - Area wise supply
- 02 Agra hotels - ARRs and occupancy rates
- 03 Agra hotels - Room availability and demand
- 04 Goa hotels - Area-wise supply
- 05 Goa hotels - ARRs and occupancy rates
- 06 Goa hotels - Room availability and demand
- 07 Jaipur - Area wise supply
- 08 Jaipur hotels - ARRs and occupancy rates
- 09 Jaipur hotels - Room availability and demand
- 10 Kerala - Area wise supply
- 11 Kerala hotels - ARRs and occupancy rates
- 12 Kerala hotels - Room availability and demand
- 4.0 Project economics
- 01 Net margins
- 02 Interest coverage ratio
- Tables
- 2.0 Business destinations
- 01 Ahmedabad - Premium segment: Supply projections
- 02 Bengaluru - Premium segment: Supply projections
- 03 Chennai - Premium segment: Supply projections
- 04 Hyderabad - Premium segment: Supply projections
- 05 Kolkata - Premium segment: Supply projections
- 06 NCR - Premium segment: Supply projections
- 07 Gurgaon - Premium segment: Supply projections
- 08 Noida - Premium segment: Supply projections
- 09 North Mumbai - Premium segment: Supply projections
- 10 South and Central Mumbai - Premium segment: Supply projections
- 11 Pune - Premium segment: Supply projections
- 3.0 Leisure destinations
- 01 Agra hotels - Premium segment: Supply projections
- 02 Goa - Premium segment: Supply projections
- 03 Jaipur - Premium segment: Supply projections
- 04 Kerala - Premium segment: Supply projections
- 4.0 Project economics
- 01 Project IRR across destinations
- Sections
- 1.0 Hotel industry - A snapshot
- 2.0 Industry structure
- Industry characteristics
- Distribution channels
- 3.0 Industry costs
- Operating costs
- Employee costs
- F&B costs
- Capital costs
- Segment-wise contribution margin
- 4.0 Classification of hotels
- Classification by segment
- Classification based on the number of properties operated
- 5.0 Hotel concepts
- Ecotel
- Resorts
- Motels
- Floatels
- Boutique hotels
- Timesharing industry
- Service apartments
- 6.0 Player Profiles
- Asian Hotels Ltd
- Key developments
- Bharat Hotels
- EIH Ltd
- Hotel Leelaventure Ltd
- ITC Ltd
- Indian Hotels Company Ltd
- 7.0 Tourism in India
- Charts
- 2.0 Industry structure
- 01 Value chain: Players in the hospitality industry
- 3.0 Industry costs
- 01 Classification of hotels
- 02 Classification by segment
- 03 Premium segment (5-D/ 5-star)
- Figures
- 1.0 Hotel industry - A snapshot
- 01 Hotels - Market size
- 2.0 Industry structure
- 01 ARR and occupancy rates
- 02 Month wise occupancy rates (2007-08)
- 6.0 Player Profiles
- 01 Room inventory mix (2008-09)
- 02 Room inventory mix (2008-09)
- 7.0 Tourism in India
- 01 India’s travel and tourism industry between 2002 and 2008 (Rs billion)
- 02 Domestic tourists 2001-02 to 2007-08
- 03 Foreign tourist arrivals
- 04 Foreign exchange earnings
- Tables
- 1.0 Hotel industry - A snapshot
- 01 Number of hotel rooms by category
- 2.0 Industry structure
- 01 Revenue break-up (%)
- 3.0 Industry costs
- 01 Hotels: Indicative cost of construction
- 6.0 Player Profiles
- 01 Asian hotels - Key financial indicators
- 02 City-wise properties of Asian Hotels
- 03 Bharat hotels: Key financial indicators
- 04 City-wise properties of Bharat Hotels Ltd
- 05 Upcoming properties
- 06 EIH Ltd - Key financial indicators
- 07 EIH properties (including associate companies)
- 08 Planned addition of properties
- 09 Hotel Leelaventure - Key financial indicators
- 10 Planned addition of properties
- 11 ITC Properties
- 12 Indian Hotels Co. Ltd (Standalone): Key financial indicators
- 13 Room inventory break-up
- 14 Planned addition and expansion of properties
- 15 Indian Hotels Company properties
- 7.0 Tourism in India
- 01 Top 10 states attracting domestic tourists
- 02 domestic destinations attracting foreign tourists
- Sections
- 1.0 Industry structure
- 2.0 Demand-supply
- 3.0 Regulations
- 4.0 City profiles
- 5.0 Player overview
- 6.0 Players
- 7.0 International
- Charts
- 1.0 Industry structure
- 01 Apartment Hotels - Star classification criteria
- 02 Hotels - Classification criteria for heritage categories
- 2.0 Demand-supply
- 01 Hotels - Factors infuencing room demand
- 02 Hotels: Factors infuencing room demand from leisure tourists
- 03 Hotels: Factors infuencing room demand from business travellers
- 3.0 Regulations
- 01 Foreign investment and collaboration - Norms for automatic approval
- 02 Hotels - Regulatory authorities
- Figures
- 2.0 Demand-supply
- 01 Tourist arrivals (nos.)
- Tables
- 1.0 Industry structure
- 01 Hotels - Statutory size of rooms
- 02 Hotels - Star classification criteria
- 03 Hotels - State-wise distribution of hotels and rooms (2007)
- 04 Distribution of hotels and rooms in key tourist locations (2007)
- 05 Global Distribution System (GDS) providers
- 06 Hotels - Brands
- 07 Apartment hotels in India
- 2.0 Demand-supply
- 01 Foreign tourist arrivals - By metro
- 02 Classification of tourists according to purpose of visit - 1991 to 2007
- 03 Proportion of tourists according to purpose of visit - 1991 to 2007
- 04 Tourist arrivals - By nationality
- 05 Tourist arrivals - By purpose of visit and nationality
- 06 Tourist arrivals - By state
- 3.0 Regulations
- 01 Tourism sector - Fund allocation
- 02 Central taxes
- 03 Taxes - State-wise luxury tax
- 4.0 City profiles
- 01 Agra - Market segmentation of premium hotels
- 02 Bengaluru - Market segmentation of premium hotels
- 03 Chennai - Market segmentation of premium hotels
- 04 Delhi - Market segmentation of premium hotels
- 05 Goa - Market segmentation of premium hotels
- 06 Jaipur - Market segmentation of premium hotels
- 07 Kolkata - Market segmentation of premium hotels
- 08 Mumbai - Market segmentation of premium hotels
- 09 Hyderabad - Market segmentation of premium hotels
- 10 Pune - Market segmentation of premium hotels
- 11 Performance of key hotels across cities
- 5.0 Player overview
- 01 Companies - Financial performance
- 02 Hotels - Industry average of key constituents of income and expenditure
- 03 Hotels - Key constituents of income and expenditure in 2008-09
- 6.0 Players
- 01 EIH - Trends in income and expenditure
- 02 EIH - Trends in key constituents of expenditure
- 03 EIH - Trends in key constituents of income
- 04 EIH - Trends in forex earnings and expenditure
- 05 Hotel Leelaventure - Trends in income and expenditure
- 06 Hotel Leelaventure - Trends in key constituents of expenditure
- 07 Hotel Leelaventure - Trends in key constituents of income
- 6.0 Players
- 08 Hotel Leelaventure - Trends in forex earnings and expenditure
- 09 Indian Hotels - Trends in income and expenditure
- 10 Indian Hotels - Trends in key constituents of expenditure
- 11 Indian Hotels - Trends in key constituents of income
- 12 Indian Hotels - Trends in forex earnings and expenditure
- 7.0 International
- 01 World - International tourist arrivals (inbound tourism)
- 02 Travel & tourism demand (2008-2017)
- 03 World - International tourism receipts
- 04 Outbound tourism by generating regions
- 05 International tourism top spenders
- 06 Hotels - Ranking (2000 to 2007)
- 07 World - Top tourist destinations
- 08 World estimates and forecasts
- 09 Travel and tourism industry employment
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