A recent report by HVS India which analyses the key trends in the hotel performance in the country reveals a number of positive factors in a country where timeshare continues to grow.
The report indicates that:
· India’s supply of rooms in the organised sector almost quadrupled
to over 93,000 at the end of 2012/13.
· Over 50,000 branded rooms will be developed over the next five years, taking the total supply to about 144,000 rooms
· Mumbai has the highest existing supply of branded rooms in the country (12,807), followed closely by Delhi (11,338) and Bengaluru (8,536).
Kaushik Vardharajan, managing director for HVS global hospitality services, said: “Clearly, India does not have a demand problem. In the 18 years of data we have amassed at HVS, we have seen demand drop only once, in late 2008. Since then, demand has surged again.”
A report a few years ago by real estate consultants Cushman & Wakefield and RCI predicted that demand for timeshares in India would grow by 16% per annum between 2006-2015 as timeshare and fractional ownership become more popular in that region.
Most resorts are, or will be, concentrated in the western part of the country in places like Mumbai, Pune, Ahmedabad and Surat. New destinations like Coorg and Munnar in the South may well open up too, as tourism increases throughout the country.
One of the best known timeshare clubs in India is Club Mahindra, part of RCI’s global holiday exchange network.