Lemon Tree Hotels Limited has signed Bhangeri Durbar Resort at Nagarkot in Nepal.
The new resort, owned by Bhangeri Durbar Resort Pvt Ltd, will be operated through its subsidiary and management arm, Carnation Hotels Pvt Ltd. The hotel will likely open by early 2021.
Spread over 4 acres of beautiful landscaped terrain, the resort will feature 51 well-appointed rooms and lavish suites, a multi-cuisine restaurant, a thriving bar, well-equipped banquet spaces, a heated swimming pool, a rejuvenating spa, and a terrace deck.
Rattan Keswani, Deputy Managing Director, Lemon Tree Hotels, and Director, Carnation Hotels, said, “We are delighted to expand our reach in Nepal with this stunning resort. It is our second signing for a hotel in the country, which we feel holds immense business and tourism potential.”
“Nepal is a preferred destination for Indian travellers, and with our widespread reach and exciting loyalty programme, we feel that this hotel will add value to our customers and vice versa. It will also add to our repertoire of hotels internationally, which include our existing hotel in Dubai and upcoming international launches in Thimphu, Bhutan and Kathmandu, Nepal,” Keswani added.
Indian Hotel Industry
The Indian hotel industry is estimated to grow at a Compounded Annual Growth Rate (CAGR) of 15% over the next five years.
India ranks 18th in business travel, as per the World Travel and Tourism Council. In India, the success rate of the hotel industry is the second-highest in the world after China.
The hotel industry is set to grow by 15% every year. The demand for hotel rooms has been increased due to the boom of information technology, telecom, retail, and real estate. The country’s increasing stock market and new business opportunities are attracting foreign investors. Hence, there is a tremendous scope of growth for hotel brands in the country.
Trends Shaping The Hotel Industry
Whether it is a great experience, design, comfort, technology or value add, trends in the hotel industry keep changing and evolving fast. With the entry of many home furnishing brands in the hotel sector and famous designers now designing for hotels, designing is also one of the fast trends in the sector. Design truly defines hotel persons and a complete way to care for your guests.
The hospitality industry is making considerable efforts to embrace technology across domains. This is important to remain profitable and be able to service the evolving demands of patrons. Effective management of space has become a focus area.
Another area that is trending in the hospitality sector is ‘partnerships’ between luxury brands and hospitality destinations.
