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Bangalore Hotels: Staying in Luxury
This is no longer the age of 'make do with what you have'. It rather states that you should strive for the best, be it in everyday life or on a particular tour. Touring to a certain place calls for a certain degree of assuredness, a sense of comfort and security and an unsurpassed level of luxury. The Bangalore hotels, on your tour to this gorgeous city in Karnataka go beyond the ordinary to not only live up to your expectations, but surpass them. |
Housing some of the excellent hotels in India, Bangalore has been a favorite touring destination and it features strong in the minds of big investors. Statistics reveal a major upward trend in the number of rooms in the luxury hotels in Bangalore. A Crisil research report states that in Bangalore, the demand will rise up to 20 per cent, as against the supply of 27 per cent.
The anticipated rise in the supply of occupancy levels owes largely to the corresponding rise in the active participation of the big players in hospitality industry. Studies show that with 39 hotels currently under various stages of expansion, Bangalore hotels will get 3,000 rooms by 2008-09, in comparison to the present 2,300, a sharp increase of 30 per cent. The luxury hotels in Bangalore are likely to have the most favorable effects. Top hotel chains like the ITC, Hilton, Taj and Park Hyatt are expected to add no less than 15 properties by 2012. You can hope to treat yourself with indulging experiences of spas, Jacuzzis, Ayurveda treatments, et al at the luxury hotels in Bangalore in the near future.
The mentioned scenario of an impending surplus situation will expectedly lead to tight competition and by and large a decline of 6-10 per cent in the average room rates (ARRs) of the Bangalore hotels.
However, although there are discrepancies, reliable sources report that JHM Hotels, a leading US-based developer and franchise-management company, is contemplating a whopping investment of Rs 1,000 crore to expand five properties in India which is going to affect the Luxury hotels in Bangalore in a large way. Overall, more or less, there is likely that there is going to be a dip in these rates in the posh Bangalore hotels in years to come. In fact, materialization of the operational activities of 25 hotels over the next five years is under way, thanks to the JHM Hotels which franchises brands like Starwood, Hilton, Marriott and Hyatt in the US hospitality sector.
Having partnered with Duet India Hotels Limited (DIHL), the UK-based real estate investment fund, JHM Hotels aims at developing 20 properties in India and plans to add an inventory of 2,000 rooms. The fund is expected to target the three and four star Bangalore hotels and other hotels in India to develop around 25 hotels here. However, according the senior vice president of one of the finest heritage hotels in Bangalore, there will be hardly any major impact due to the changes in the demand and supply scene and that the ARRs might show changes in the short run but not in the longer run.
All things said and one, you will not regret your stay at any of the luxury or heritage hotels in Bangalore the present day as well. |
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