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Remote retreats, experiences give India hotels new growth driver
BusinessLine· 2025-12-04 04:21
Core Insights - India's largest hotel chains are focusing on curated luxury stays in unique locations to differentiate themselves in a crowded travel market [1] - The trend is driven by high-spending travelers seeking fresh and authentic experiences away from popular tourist destinations [2] Company Strategies - Indian Hotels Co., owner of the Taj brand, is aggressively expanding its portfolio, recently acquiring a majority stake in Sparsh Infratech Pvt. and partnering with boutique chain Brij [3][4] - Leela Palaces Hotels and Resorts Ltd. and boutique operators like Untitled Hotels & Resorts Pvt. are also expanding into lesser-known locations to keep pace with market demands [4] Market Potential - Analysts suggest that the luxury segment in offbeat locations could surpass the broader leisure travel market, providing alternatives for affluent Indians who prefer not to travel abroad [5] - The local travel agency WanderOn projects the segment to reach $45 billion by 2027, reflecting global trends [6] Growth Metrics - Cleartrip Pvt. reported a 300% growth in wellness-focused offerings in Q3 compared to the previous year, indicating a strong market shift [7] - Makemytrip Ltd. noted a 15% increase in packages featuring boutique properties, with nearly one-third of local holiday packages now including niche stays [8] Consumer Trends - The demand for unique travel experiences is growing, with offerings like dolphin watching and guided heritage walks becoming popular [8] - Aahana Forest Resort near Jim Corbett National Park is experiencing increased visitor numbers due to worsening pollution in Delhi, expecting a 20% revenue growth [11] Environmental Considerations - The rise in tourism is raising concerns about ecological damage, as India is now the third-largest source of tourism-related greenhouse emissions [9] - Overtourism has led to unregulated construction in fragile ecosystems, prompting calls for government intervention [10]
Wyndham and Ovolo Group Partner to Expand Upscale Offerings Across Asia Pacific
Prnewswire· 2025-07-29 12:00
Core Insights - The partnership between Wyndham and Ovolo aims to capitalize on the growing consumer demand for experiential travel, which is valued at $1 trillion globally, particularly among younger travelers like Gen Z [1][2] Company Overview - Wyndham Hotels & Resorts is the world's largest hotel franchising company, with approximately 8,300 hotels across around 100 countries, catering primarily to the economy and midscale segments [12] - Ovolo is recognized as a pioneer in the lifestyle hotel movement in the Asia Pacific, focusing on a culture-led brand that disrupts traditional hotel experiences [2] Partnership Details - The collaboration will integrate five existing Ovolo hotels into Wyndham's global portfolio, enhancing Wyndham's upscale presence in the Asia Pacific region [2] - The five Ovolo hotels, located in Sydney, Brisbane, Canberra, Melbourne, and Hong Kong, will add over 450 rooms to Wyndham's offerings and will be incorporated into Wyndham's sales, marketing, and distribution platforms [2][3] Hotel Features - Each Ovolo hotel embodies a service ethos of FUN (fabulous, unconventional, never boring), featuring bold designs, immersive art, and unique experiences [4] - Specific hotels include: - **Ovolo Central**: A 41-room boutique hotel in Hong Kong's central district, emphasizing modern amenities and natural light [4] - **Ovolo Nishi**: An 85-room hotel in Canberra known for its unique design and vintage pieces [5] - **Ovolo South Yarra**: A 123-room hotel in Melbourne that combines contemporary conveniences with mid-century flair [6] - **Ovolo The Valley**: A 103-room hotel in Brisbane celebrating art and music culture [7] - **Ovolo Woolloomooloo**: A 100-room waterfront hotel in Sydney with modern essentials and stunning views [9] Loyalty Program Integration - The Ovolo hotels will participate in the Wyndham Rewards® loyalty program, providing approximately 120 million enrolled members access to Ovolo's unique hospitality experiences [3] Growth Strategy - Wyndham's growth in the Asia Pacific is supported by the Wyndham Advantage, which includes nearly $350 million in technology investments since 2018, enhancing owners' access to advanced property management systems and a top-rated hotel rewards program [10]