Kapil Chopra

India's #outbound tourism market reached US$ 15,100 Million in 2022 and projected to rise by 11.4% CAGR between 2022 and 2032. · Over 45.7% of the present outbound bookings are on the online digital channels. · Over 39% of these bookings are in the packaged travel format. · Solo travel, retirement bound travel, Gen Z experiential travel, culinary food trips, trekking adventures – each category has seen a significant interest from the Indian traveller. Are we witnessing a wonderful marketing revolution to attract Indian tourists? In our view, the answer is a big YES. Looking at the trends, there are some great actionable strategies for countries and hotels to attract a certain nationality of tourists, with tailored services and culturally immersive experiences. Thanks to the deep insights from #McKinsey & Company, it delves into the transformative power of India's booming GDP on travel trends. Neha Duhoon Strategy Cues Skift #IndiaGDP #TravelTrends #BusinessStrategy #TourismMarketing #CulturalExperiences #travelstats #indiatourism #globaltourist #shorttermrentals #airbnb #strstays 

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𝟐𝟓% 𝐨𝐟 𝐛𝐫𝐚𝐧𝐝𝐞𝐝 𝐡𝐨𝐭𝐞𝐥𝐬 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚 𝐚𝐫𝐞 𝐚𝐭 𝐫𝐢𝐬𝐤 𝐨𝐟 𝐜𝐥𝐨𝐬𝐢𝐧𝐠—𝐡𝐨𝐰 𝐜𝐚𝐧 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐬𝐮𝐫𝐯𝐢𝐯𝐞? New Podcast Episode with Abhishek Ratnawat, Owner of Eldorado Hotel Chain! We had an engaging conversation with Abhishek Ratnawat, the man behind Jaipur’s Eldorado hotel chain. Abhishek shared his entrepreneurial journey, starting from his early struggles to building a successful hotel business in India. He opened up about his first venture, dropping out of studies to pursue a clothing business, and then launching a car rental service before finally entering the hotel industry. Abhishek talked about the critical role of finding the right business partner and how he revived his hotel post-lockdown. The discussion also covered major challenges in the hotel industry, marketing techniques, the importance of taking risks, and the reality of life as an entrepreneur vs. what we see on social media. Abhishek’s insights provide a valuable look into the life of a businessman, the ups and downs, and what it truly takes to succeed in the hotel industry. Catch the full episode to learn from his experiences and gain practical tips for your entrepreneurial journey #Podcast #Entrepreneurship #HotelIndustry #BusinessJourney #EldoradoHotels #SuccessStory

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Luxury lodging brand Taj’s Taj Hotels’ Parent Firm to Add 120 Properties to Seize Travel And Wedding Boom “The hotel sector is very well-positioned” “The best is yet to come” five-star hotel chain to focus on the Indian sub-continent : Indian Hotels’ profit more than doubled for August-September

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We're thrilled to share that Spalba has been featured in ET Hospitality, it's one of the many more to come 😊 This recognition is a testament to our dedication to revolutionizing the event industry and solving a big problem. As we look to the future, we see immense potential and transformative changes on the horizon. These are our moonshots but that's where the industry is and will move towards. Here are 10 key drivers we believe will shape the next decade in events and event planning : 1. 📅 Real-Time Availability - People will have access to calendar availability of event venues at their fingertips. 2. 💻 Online Bookings - 90% of hotel event space bookings will be conducted online. 3. 💳 Seamless Transactions - Bookings will become a bidding process, with both bookings and payments happening online without human intervention. 4. 🔄 Transformational Services - These will become the key differentiators in selling event spaces. 5. 🌆 Experiential Selling - Hotels will start offering unique experiences around their locations and cities. 6. 🏢 Event Services by Hotels - Major hotel chains like Oberoi and Taj will invest in or start their own event services, executing social events and weddings themselves. 7. 🏨 Event-Focused Hotels - We’ll see the rise of event-led hotels rather than room led hotels, an OYO kind of chains for event venues, based on the concept of Jio World Convention Center - smaller capacity, larger volumes. 8. 🤖 AI-Driven Design - Event planners will utilize AI-based design tools for 2D, 3D, and venue sourcing etc. , enhancing their creative capabilities. 9. 🌐 Network Effects - Network effects will dominate event tech platforms, influencing decisions on the where, when, who, why, and how of event planning. 10. 📈 Economic Impact - Physical events, both social and corporate, will significantly influence the country’s economic direction, becoming pivotal to its upward or downward trajectory. At Spalba, we're committed to driving these innovations and leading the charge towards a brighter, more efficient future in the event industry, we have taken a step towards this journey, results are going to be momentous. Stay tuned for more exciting updates! #EventTech #Innovation #FutureOfEvents #Spalba #ETHospitality #EventIndustry #AI #DigitalTransformation Vishal Puri Kartikey Kapri Gautam Shekhar Ankit Mahajan Mayank Singhal Vikram Raj Mathur Pooja Agarwal Aditya Jaiswal Glen D'souza Luke Manish Subhrangshu Kumar Neogi

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🌟 Case Study: Ritesh Agarwal and OYO Rooms 🌟 🚀 At just 19 years old, Ritesh Agarwal identified a gap in India's hospitality sector and founded OYO Rooms. His vision to standardize budget accommodation has reshaped the industry globally. 🔍 Problem Statement: Travelers faced inconsistent quality and service in budget hotels. 💡 Solution: Ritesh introduced OYO Rooms, partnering with hotels to provide standardized amenities and reliable stays through technology. 🌍 Impact: OYO's growth extends beyond India, disrupting global hospitality with affordable, quality stays. 📈 Achievements: Recognized on Forbes 30 Under 30 Asia and CNBC TV18's Young Business Leader. 🔑 Key Takeaways: Innovation, customer focus, and leveraging technology are crucial for scaling businesses in competitive markets. Let's discuss how OYO's model can inspire your industry strategies! How do you prioritize innovation in your business? #Entrepreneurship #Hospitality #Innovation #BusinessSuccess #Leadership #TechStartup #OYORooms #TravelTech #CustomerExperience #GlobalExpansion #Innovation #Leadership #Technology #FutureOfWork #Marketing #Entrepreneurship #Business #Startups #Management #Success #DigitalTransformation #AI #Career #Jobs #RemoteWork #Sustainability #HR #Finance #Diversity #WorkplaceCulture #Learning #Productivity #CustomerExperience #Networking #Data #Blockchain #Cybersecurity #SocialImpact #Ecommerce #Healthcare #Strategy #Motivation #SmallBusiness #Sales #Growth #InnovationManagement #AIandML #DigitalMarketing #CloudComputing #BigData #CustomerService #Teamwork #Collaboration #Entrepreneur #BusinessDevelopment #BusinessStrategy #Analytics #DataScience #MachineLearning #DeepLearning #TechTrends #Agile #LeadershipDevelopment #ProjectManagement #ChangeManagement #EmployeeEngagement #Talent #CareerGrowth #WorkLifeBalance #PersonalDevelopment #Inspiration #Workplace #Training #Skills #WorkFromHome #LeadershipSkills #Future #SuccessMindset #MarketingStrategy #SEO #ContentMarketing #SocialMediaMarketing #Branding #Advertising #CustomerSuccess #B2B #B2C #InnovationStrategy #TechNews #IT #DevOps #Programming #SoftwareDevelopment #StartUpLife #EntrepreneurLife #Founder #Investor #VentureCapital #BusinessGrowth #Economy #RemoteJobs #JobSearch #Hiring #Recruitment #HumanResources #HRTech #EmployeeExperience #CorporateCulture #WorkCulture #WorkplaceDiversity #InclusiveWorkplace #GreenBusiness #ClimateChange #CSR #Nonprofit #SustainableBusiness #EthicalBusiness #ImpactInvesting #FutureTech #SmartTech #IoT #ArtificialIntelligence #Robotics #AR #VR #MixedReality #QuantumComputing #5G #EdgeComputing #DigitalEconomy #FinTech #InsurTech #RegTech #EdTech #HealthTech #PropTech #LegalTech #MarTech #TravelTech #FoodTech #CleanTech #AgTech #SpaceTech #Biotech #MedTech #Energy #RenewableEnergy #GreenTech #CircularEconomy #SmartCities #UrbanMobility #Transportation

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Is it possible to build ₹9900 Crores hotel business with ₹25 ?? YES!! Who did it? Mr. Mohan Singh Oberoi ❤️ The man behind iconic 32 luxury hotels across the world like Oberoi Raj Vilas in Jaipur and the Oberoi in Medina. But in 1922, he stopped from entering a luxury hotel in Shimla, where he wanted to do a job as clerk. He patiently waited outside the hotel until the manager arrived, and requested a job in English language - Mr Oberoi got the job. The manager of Cecil Hotel decided to buy a hotel in partnership with Mr Oberoi. Their core MOAT was enhancing customer experience rather than cost-cutting. Clark, the owner of Cotton Hotel sold the property to Mohan Oberoi, even though he couldn’t afford it. But why?? The wife of Clark was serious and he had to go back to England. So, Mohan Oberoi decided to sell their belongings to buy the hotel for Rs 20,000/- After some time, The Grand Hotel of Calcutta was available on lease because of the typhoid outbreak in the Hotel. Mohan Oberoi decided to take a risk and leased the hotel at a rate of Rs 8000 per month. He transformed the entire hotel and restored the brand value. Wait - There’s another SETBACK! WORLD WAR 2 British army wanted to acquire the Hotel, But Mr. Oberoi convenienced the army General to take hotel on lease at a rate of Rs 10 per army person - It worked! By 1945 it was opened to normal customers. Now, it was time for expansion - He decided to buy “AHI” Group which included Cecil Hotel along with 8 luxury properties. In 1946, he launched the Oberoi brand of hotels, to service foreign tourists post-independence. In the 1960s, he led the Oberoi Group to open India’s first five-star hotel in Delhi. Mr. Oberoi always said that “Customers notice everything”, even if they don’t mention it. So being polite and genuine in your communication is key to creating a positive #experiences that encourages them to return. The Oberoi Hotels & Resorts was focused on building a brand known for luxury and quality service. Later, Vicky Oberoi expanded the chain internationally as a smart way to reach a global market, making the experience available worldwide. This helped #OberoiGroup to stay ahead of the competition, by responding to customer feedback and encouraging a culture of innovation like the first airline catering services. Miten N Mehta, Rajpal Barche, Akshay Shelke, Aditya geet, Renuka Raut, Madhav Shelke, Shubham Bawlekar

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Lemon Tree Hotels Ltd. (LTHL), a major player in India's mid-priced hospitality sector, has successfully leveraged the growing demand for affordable hotel options, with a portfolio of over 160 hotels. The company has posted strong growth, with a 25.2% rise in quarterly sales and a 30.9% increase in profits, supported by its focus on value-for-money offerings across upscale, midscale, and economy segments. Despite its high P/E ratio of 65.2, LTHL's solid fundamentals, including a 16.3% return on equity (ROE), make it an attractive long-term investment, although its lack of dividends may deter income-focused investors. With expansion plans in India and abroad, including recent ventures in Dubai, Bhutan, and Nepal, Lemon Tree Hotels remains well-positioned for sustained growth in the hospitality industry. 🏨 📊 📈 #hospitalitysector #lemontreehotels #equityresearch

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Coldplay in Mumbai, The Concert Everyone's Talking About Coldplay’s Mumbai shows has sent fans into a frenzy, selling out in under an hour. Over 1.3 crore fans scrambling for just 1.5 lakh tickets—this is next-level demand. But behind the music, let’s talk business. Revenue Management: Clever or Cutthroat? Coldplay is pulling out a revenue management masterclass. Dynamic pricing, strategic date additions—it’s a textbook example. But let’s not sugarcoat it: ₹3 lakh for resold tickets? Is this genius, or are they are just milking the fans for every last rupee? Sustainability: Impact or PR Play? Coldplay’s planting 5 million trees and slashing 47% of emissions​(Coldplay). But skeptics are raising eyebrows. Can global tours ever truly be sustainable, or is this more greenwashing than green? I have weighed my pros and cons below! Let me know what are your comments on this ? Pros: Maximum revenue A sustainability push Cons: Fans priced out Ethical questions around access Is this the future of live events—exclusive experiences for those who can pay top dollar? As Coldplay preps for Mumbai, it’s clear the debate isn’t just about the music. It’s about the balance between business, ethics, and fans. At revmerito - Top most hotel revenue management brand as the premier name in hotel revenue management, we’ve always perfected the art of balance—be it with our trusted business partners or the way we operate. Our focus remains on delivering value while maintaining ethical and sustainable practices that align with both profitability and guest satisfaction. #ColdplayInMumbai #ConcertEconomics #RevenueManagement #SustainabilityMatters #DynamicPricing #Greenwashing #LiveMusic #FanFirstOrNot #EventStrategy #BusinessEthics #MusicForTheElite Smritee Shah Rina Manz Shraddha Churi revmerito - Top most hotel revenue management brand

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The growth of emerging affluent individuals in India can be assessed by observing the rise in available room inventory within the upscale and upper midscale hotel categories. Over the past 20 years, the upper midscale category has seen a remarkable increase from just 4,400 rooms to 35,500 rooms, marking a growth of approximately 7.2 times. Similarly, the upscale category has surged from 4,600 rooms to 33,700 rooms, demonstrating a growth of about 7.9 times during the same period. Goldman Sachs projected that by 2027, India would see an increase from the current 60 million to 100 million individuals with an annual income exceeding $10,000. India appears to present a compelling narrative for the coming two decades, particularly for those who are looking to build in India or invest in India. All eyes should be on India now👀👀 Follow Nayan Goswami for more such interesting observations and insights. PS: Building Chop Chop Finance, looking to connect with deep believers who think AI can change the world for good.

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Why Europe Should Be on Every Traveler's Bucket List! Why Europe is Popular Among Travelers from India Europe offering a unique blend of history, culture, and natural beauty. From the romantic streets of Paris to the picturesque canals of Venice, Europe captivates with its diverse experiences. Indian travelers are drawn to Europe not only for its rich heritage but also for its vibrant art scenes, delectable cuisines, and the sheer ease of hopping from one country to another. Why Visit Europe at Least Once Visiting Europe is like stepping into a living museum where every corner tells a story. Whether it's the ancient ruins of Rome, the gothic cathedrals of Prague, or the enchanting landscapes of the Swiss Alps, Europe offers something for everyone. The continent's well-preserved history, coupled with modern amenities, makes it an unparalleled destination for travelers seeking both adventure and comfort. The Importance of Tourism Across Europe Tourism plays a vital role in the economies of European countries. It fosters cultural exchange, bringing people from different backgrounds together, and helps preserve historical sites and natural wonders. The tourism industry also promotes sustainable practices, ensuring that Europe remains a beautiful and welcoming destination for generations to come. #ExploreEurope #TravelEurope #IndianTravellers #Wanderlust #BucketList #CulturalHeritage #EuropeanAdventure #TravelGoals #VisitEurope

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From a One-Room Office to a Rs 6,275.87 Crore Firm: The Extraordinary Rise of ixigo In 2007, Aloke Bajpai and Rajnish Kumar embarked on a journey that would redefine travel booking in India. From a modest one-room office with just two desktop computers, these visionaries have transformed ixigo into a market giant now valued at Rs 6,275.87 crore. Despite initial skepticism from venture capitalists, Bajpai and Kumar persevered. Bajpai, having returned from Europe, partnered with Kumar to launch ixigo, driven by a shared vision to simplify travel for millions. Their resilience paid off spectacularly on Dalal Street. On Tuesday, shares of Le Travenues Technology, ixigo's parent company, soared, closing at an astonishing 78% above its issue price of Rs 93. This surge catapulted the company's market value to Rs 6,275.87 crore. The stock debuted at Rs 135 on the BSE and closed at Rs 161.99, a 74.18% increase. On the NSE, it opened at Rs 138.10 and ended the day at Rs 165.72, marking a 78.19% rise. Reflecting on this journey, symbolizing their transition from humble beginnings to a monumental stock market debut. Their story is a testament to the power of perseverance, vision, and unwavering commitment. For aspiring entrepreneurs and business professionals, the ixigo story serves as an inspiration. It reminds me that great things often start small and that with dedication, dreams can indeed become reality. #Entrepreneurship #StartupSuccess #ixigoJourney #Inspiration #MarketSuccess

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▶ How can travel brands tap into the surge in Indian travellers? ▶ How can travel brands grow and expand within India? ▶ Does India have what it takes to become an outbound travel superpower? Last month's Skift India Summit was a game-changer in unlocking the forces shaping its global rise. Ahead of the upcoming debut of Anantara Hotels, Resorts and Spas in India, Minor Hotels is proud to have partnered with Skift to highlight the top trends and insights shaping the future of travel in one of the world's most exciting markets, including valuable contributions from our partners at Global Hotel Alliance. Download the report now to uncover the opportunities ahead. #MinorHotels #India #IndiaTravel #SkiftIndiaSummit #TravelTrends

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Hospitality Industry in India has a huge talent problem. - 25% of the hospitality workforce left post-Covid. - Industry currently faces a 50%-60% talent shortage on a constant basis. - Personnel/Room Ratio at record lows. - Out of around 10k hospitality seats in National colleges, just 4k-5k managed to get filled. Even amongst that less than 10% are opting for jobs in this space. - Wage cost as a %age of revenue of this Industry is roughly 30%-35%. Hospitality market size in India is currently pegged at $27B. This implies 50% (shortage)*30%(wage as a % of rev)*$27B ~ $4B of annual revenue which could have accrued to workers as salaries actually went to businesses. But isn't it good for businesses? Shouldn't they keep operating as under-staffed? Not really. In a potential high-growth market, lack of enough talent creates a disparity between price charged (quite high, has remained flat) and quality of service (as more strain, using unskilled workers as a last resort). This might actually stall industry's growth and also lead to lost revenue opportunity (Exp. $40B market by 2032). At the same time, this is a MASSIVE OPPORTUNITY for someone to solve talent in this industry in a unique way by structuring hospitality jobs better, investing in L&D and making them aspirational and rewarding. The way in which hotels are managed and job roles are structured had been defined by the Boomers and has been same for decades. Talent problem in hospitality space is a ticking time bomb. Anyone who solves it will save the sector and enable value creation worth $5B+ annually for Indian workers. Note: based on personal research and view. might be wrong. feedback / solutions are invited

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A masterclass in entrepreneurship! Do watch.

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