Gurgaon Emerges Leader in Luxury Hotel Sector

Gurgaon, New Delhi’s flourishing satellite city, is today one of the country’s most promising hospitality markets. Currently, Gurgaon’s existing branded inventory stands at above 4,000 rooms, with a planned pipeline of over 4,500 rooms. Of these, over 50 percent are mid-scale and budget supply. Virtually all domestic and international hotel operators aspire for representation in Gurgaon, if they are not already present.

Backed by a strong corporate and industrial base, the Gurgaon hospitality market has consistently demonstrated strong performance. It has gradually emerged as an independent micro-market from New Delhi. As per STR Global, the Gurgaon hotel market has emerged as a RevPAR (revenue per available room) leader in the five star segment of India for 2012.

Gurgaon posted a RevPAR of INR 7,200, which is 22 percent and 27 percent higher than the five star segments in Mumbai and Bangalore respectively. It is one of the few hotel markets in the country that did not see a dramatic performance decline during the economic downturn.

Branded four and five star hotels in Gurgaon saw significantly increased occupancy levels in 2012, reflecting growing demand levels and resulting in an overall strengthening of RevPAR levels from INR 6,000 in 2011 to INR 6,100 in 2012, as per STR Global. Adding to the room/night business is the strong F&B demand from Gurgaon’s corporate and residential communities.

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