mandeep lamba
Breaking the Glass Ceiling – Women in the Hospitality Industry
Mandeep S. Lamba | October 23, 2023
By Mandeep Lamba, Dipti Mohan, Dhwani Gupta Efforts to promote gender equality have become a global priority, with organizations like the United Nations embedding this goal within their Sustainable Development Goals. Notably, an increasing number of women are pursuing higher education in countries like the US, the UK, and India, and are entering the workforce as the corporate sector is offering a more flexible work environment. As a result, women have made significant strides in multiple sectors, including the dynamic world of hospitality. Recent research conducted by the World Travel & Tourism Council (WTTC) reveals that women ...
Experiential Hotels – Pioneering a New Era in the Indian Travel Industry
Mandeep S. Lamba | October 9, 2023
By Mandeep Lamba, Dipti Mohan, Dhwani Gupta The Indian travel industry is undergoing a remarkable transformation, shaped by shifting traveler preferences towards unique, experiential, and immersive journeys. Gone are the days of simply seeking out the most luxurious resorts, today's travelers are in pursuit of something more enriching – a treasure trove of experiences that range from heart-pounding adventure sports and active tourism to immersing oneself authentically in the local culture – all of which satisfy the desire for continuous personal growth and learning. This change has given rise to the concept of experiential hotels, whic...
Catalysts for Growth – Tech Hubs Are Powering the Indian Hotel Industry’s Growth
Mandeep S Lamba | September 27, 2023
By Mandeep Lamba, Dipti Mohan, Dhwani Gupta The Indian technology industry, valued at a staggering USD 245 billion as of FY23, is a formidable pillar supporting the country’s GDP and overall economic growth. With continuous innovation driving its growth, this industry is poised to reach USD 500 billion by 2030. As one of the primary beneficiaries of the tech industry's influence, the hospitality sector is bound to experience the positive ripple effects of this growth. Tech hubs have globally been a catalyst for the hospitality sector’s expansion, attracting tech professionals, entrepreneurs, and business travelers in droves, which...
Enabling the Differently Abled in the Hospitality Sector
Mandeep S. Lamba | June 20, 2023
By Mandeep Lamba, Dipti Mohan, Dhwani Gupta Diversity and Inclusion (D&I) have now become a business priority for most organizations across industries, as multiple research studies have shown that it not only boosts creativity, innovation, and employee morale but also productivity and bottom line while helping the world to move towards a more equalized economy. Organizations are taking active steps to make their workplaces more diverse and inclusive by focusing on recruiting people of different genders, ethnicity, cultures, nationalities, sexual orientation, and identities. Empowering differently-abled people through employment oppor...
HVS Monday Musings: Indian Hotel Sector – Brand Signings in 2022
Mandeep S. Lamba | April 24, 2023
By Mandeep S Lamba, Dipti Mohan Driven by the strong recovery in demand, hotel companies accelerated their growth plans in 2022, resulting in an over 33% rise in brand signings by keys compared to the previous year. During the year, 166 new hotels with 14,885 rooms were signed, while 90 hotels with 5,702 rooms were rebranded. Domestic hotel operators signed more properties (75% of the total signings by properties) than their international counterparts, with an average key count of 68 keys during the year. Like domestic chains, international hotel operators have also begun signing smaller properties than they traditionally did, as they c...
Sustainability in The Hospitality Industry: Working Towards “Travel Without a Footprint”
Mandeep S. Lamba | March 17, 2023
By Mandeep S Lamba, Dipti Mohan “Sustainability” has evolved beyond a trendy buzzword in recent years, with consumers and businesses alike becoming more conscious and involved in playing their part in preserving the planet for future generations. India has pledged to achieve carbon neutrality by 2070, and in order to turn the country’s climate-change-related ambitions into reality, all industries must work together in an unprecedented collaboration. Thanks to the growing demand for “greener” holidays, sustainability has become crucial even in the tourism and hospitality sectors, which not only make significant contributions to...
HVS Monday Musings: Hotel Industry Tapping the Metaverse
Mandeep S. Lamba | December 5, 2022
By Mandeep Lamba, Dipti Mohan The global revenue from the metaverse* is predicted to grow at a CAGR of 44% between 2022 and 2030, reaching US$1.5 trillion, and is expected to transform a number of industries around the world. Technically speaking, the metaverse is a shared interactive virtual environment where users can create virtual identities and avatars by combining various emerging technologies like virtual reality (VR), augmented reality (AR), artificial intelligence (AI), spatial computing, etc. It is a fully functional virtual environment that coexists with the actual physical world, supported by digital money, items, and assets,...
HVS Monday Musings: Indian Hotel Sector – Riding the Next Growth Cycle
Mandeep S. Lamba | September 12, 2022
By Mandeep S Lamba, Dipti Mohan After months of low occupancy and falling average rates due to the pandemic, the Indian hotel industry is finally witnessing renewed growth. The upcycle is clearly underway and is expected to last for the next 4-5 years, as demand is spiraling while supply growth is relatively low, which is a significant difference from the previous upcycles in the industry. This augurs well for the industry because, as shown in the graph below, hotel performance in India is highly sensitive to supply and demand dynamics. The industry’s golden age was from the calendar year 2000 to 2005. Following the September 11 attac...
