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Rising travel demand makes hospitality startups in India a hot pick Photo: Pixabay July 21, 2021 Hospitality startups across both budget and luxury segments have garnered the interest of investors who are betting big on the post-pandemic trend of staycations and workcations. This comes against the backdrop of branded properties becoming the go-to choice for travellers, driven by factors such people continuing to work from home. Backpacker hostel brand GoStops, which targets 18- to-35-year-olds looking for affordable accommodation, raised $1 million in July in pre-Series A round led by IAN and Yuj, the family office of Xander Group founder Sid Yog. Bengaluru-based budget hotel chain Treebo Hotels raised $16 million in June in Series D round led by hospitality group Accor. ....
Indians plan to live anywhere, explore nature getaways when travel returns: Airbnb,YouGov Survey thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Bookings and queries increase for properties offering more safety and privacy, with some completely full on weekends. Tariffs for premium and luxury private villas and homes are Rs 40,000-50,000 a night depending on the number of rooms and guests. Below that level, it could cost about Rs 20,000 for a three-four bedroom property. ....
Pandemic spurs demand for luxury villas, farmhouses SECTIONS Share Synopsis Even as the second wave subsides, more enquiries have started pouring in, said property brokers and developers. That has meant the share of such farmhouse and luxury properties has gone up substantially in the top end of the property market, said Amit Goyal, CEO-India at Sotheby s International Realty. Agencies International buyers are also looking at buying such luxury properties and subsequently, professional management companies have been roped in to manage these luxury houses. Bijwasan and Mehrauli – or Tungarli in Lonavala and the Dona Paula waterfront in Goa - are now much more than just weekend homes for the swish set in Delhi or Mumbai. In Covid-ravaged India, where space in townhouses is a luxury even for the rich, luxury villas and farmhouses – often at locations far from the madding crowd – are drawing affluent city buyers. ....
May vacay is all about long stay at premium rentals: Staycations, luxury homes replace globetrotting holidays Customers are even booking month-long workation up to six weeks in advance. Synopsis In a world locked up indoors, travel has taken on new forms. Your favourite international destinations have boarded up, while air travel is on ‘emergencies only’ mode. So, what do you do when you need a break? Alternative accommodation, including luxury villas, homestays and apartments, are fulfilling travel needs. “We have seen an 800 per cent increase in enquiries since 2019,” says Dhimaan Shah, cofounder, Isprava and Lohono Stays. High-net-worth individuals, like corporate bosses and their families, ....