Fern Hotels & Resorts captures larger chunk of the Indian hospitality sector: HVS Anarock India

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KATHMANDU: The Fern Hotels & Resorts has been recognized as the top hospitality operator with the highest number of properties opening in 2020, as per the HVS Anarock issued ‘Indian Hospitality Overview 2020’ report.

The hotel group is a member of CG Hospitality, the hospitality arm of CG Corp Global. Notably, for two consecutive years the company has basked in the glory of achieving the number one position in Indian hospitality sphere. The study also highlights major factors at play that reshaped the Indian hospitality in the last one year. One of the main trends observed was a 40% decline in brand signings by keys year-on-year in 2020.

Despite the pandemic induced repercussions and hurdles, the hospitality industry overall registered growth in the past year. Mid-segment hotels emerged as market leaders in the industry in regards to the number of properties signed in 2020. Upscale hotels have also displayed significant increase in market share as compared to year before.

In terms of keys, midscale hotels is the most preferred segment in the country, accounting for 41 per cent of the total signings in by keys in 2020, followed by upscale (37 per cent of total signings), economy (11 per cent of total signings) and luxury (11 per cent of total signings).

The Fern Hotels & Resorts (a member of Concept Hospitality Pvt Ltd & CG Hospitality) has opened the highest number of properties in India in the calendar year 2020, The India Hospitality Review 2020 published last week by HVS India in its report said. “The domestic brands overtook their international peers by opening 69% of properties and 55% by keys”, the report stated. The four other leaders were Marriott, Sarovar Hotels, IHCL and intelliStay respectively.

CG Corp Global’s Hospitality arm- CG Hospitality, in partnership with Concept Hospitality Pvt Ltd, expressed their gratitude towards the recent findings portrayed by HVS Anarock report on the Indian Hospitality Sector for the year 2020.

In terms of number of keys opened The Fern hotels stood at no 3 position. IHCL opened the maximum number of hotel keys in 2020 followed by Wyndham hotels in the second position. Overall “the industry set a record with the opening of 4,537 branded keys”, it added. The top four companies in terms of number of keys were, IHCL, Wyndham, The Fern Hotels& Resorts and Sarovar Hotels.

Reacting to the findings of the reports, Suhail Kannampilly, CEO, Concept Hospitality said, “It brings us a great deal of pride and satisfaction to have been positioned as the top player in terms of number of properties opened by us. This is a sheer example of our commitment towards the Indian market and we are in full steam ahead to make our presence more astute.”

Fiscal Nepal |
Sunday April 11, 2021, 04:54:18 PM |

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