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REPORTS| India| Hotel Mkt Review 08| PUNE

The average occupancy in FY 2006-07 was around 88%, hotels recorded occupancy of 92% in FY 2007-08.

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New Builds
- Gordon House located on Ganeshkind Road and which is the only Boutique hotel in the city.
-Many hotel brands like Leela, JW Marriot, Radissons, Sheraton, etc. are expected to enter the Pune market over the forthcoming 3-4 years. Approximately 4,275 rooms are estimated to become operational by end2012, accounting for almost 67% of the new supply in the premium category.

- ARR in the range of Rs.6,800-9,300.

5-star Deluxe and 5-star Hotels

-There are only two 5-star Deluxe and four 5-star hotels in the city of Pune.
-314 rooms.

-Two notable upcoming projects include 'Marriott Courtyard' and
'Gateway Taj' at Hinjewadi.

4-star Hotels
-16 hotels
- 987 rooms.
-ARR in the range of Rs.4,000-7,700 in FY 2007-08.
- occupancy levels 85% in FY 2006-07 to 91% in FY 2007-08

-2,113 rooms are expected to be infused into the Pune hotel market over the next 3-4 years.





see the complete report at
http://www.hospemag.com/2009/02/reports-india-hotel-market-review-2008.html