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Hospitality sector working out new formulas for revenue generation

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Hospitality industry is already gearing up for similar hospitality plans like housing hotels, destination resorts, Condo hotels, vacation ownership and private club houses. As per the source saying at the www.propertykhazana.com Four Seasons is developing a destination resort in Puthenkayal in Kerala which is planned with 75 villas and 20 branded lavish private houses.
Likewise, Leela Group’s land in Gurgaon is also having 90 flats known as ‘The Residence’ planned for long stay guests. India’s biggest realty giant DLF is constructing India’s first housing hotel in Goa with the Hilton Group. DLF has planned to invest USD 2 Billion to have 6 hotels on same plan in the coming 5 years.
If the revealed source at the www.propertykhazana.com is considered then, in India about 11% of hotel demand is from long stay guests, as there is not much branded serviced flats and presently this demand is being met by hotel giants.
Leela Palaces Hotels & Resorts President Onno Poortier said to www.propertykhazana.com that, “It’s not about high room price, long stay guests at the housing flats of the land is also utilized by F&B outlets of the hotels totaling to its income. Delhi does not have any branded serviced flats, so it will fill up the gaps,” he added.
Gurgaon hotel venture is the 1st land that the Leela Group is not possessing but will undertake the management and the hotel is available for service in October which is possessed by the Ambience Group. As per to HVS, India needs international standard destination resorts like the Sentosa Island in Singapore, but ventures like Himalayan Ski Village and some other forthcoming will certainly succeed as destination resorts.
Four Seasons officer said to www.propertykhazana.com that, “We are also looking at the chances to present a same product in Jaipur and in Udaipur.” HVS executive director Siddharth Thaker said that, “It’s not because of occupying the alternate hospitality plans but finding way in Indian Market, as the demographics of the country are altering with average population becoming younger and also non-refundable incomes have been hiking.”
Source: NBTVLIVE

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