Brigade Hotel Ventures Ltd. IPO

We are an owner and developer of hotels in key cities in India primarily across South India. As of the date of this Red Herring Prospectus, we have a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and the GIFT City ... (Gujarat) with 1,604 keys. Our hotels are operated by global marquee hospitality companies such as Marriot, Accor and InterContinental Hotels Group and are in the upper upscale, upscale, upper-midscale and midscale segments. Our hotels provide a comprehensive customer experience including fine dining and specialty restaurants, venues for meetings, incentives, conferences, and exhibitions, lounges, swimming pools, outdoor spaces, spas, and gymnasiums. Read more

According to the Horwath HTL Report, future demand in the hospitality industry sector will be driven by diverse domestic and inbound travel needs - business, leisure, MICE, weddings, social events, pilgrimages and other personal travels, political and business delegations and airline crew. As per ... the World Travel & Tourism Council (“WTTC”), the travel and tourism sector’s contribution to India’s economy was ? 15.7 trillion in calendar year 2022 and ? 19.1 trillion in calendar year 2023. Further, as per the WTCC Economic Impact Factsheet released on June 28, 2024, the travel and tourism sector’s contribution to India’s economy was estimated at ? 21.2 trillion for calendar year 2024, and is forecasted at ? 43.3 trillion for calendar year 2034, growing at 7.4% CAGR from calendar year 2024 to calendar year 2034 (Source: Horwath HTL Report). Additionally, the Hotel Association of India (“HAI”) estimates foreign tourist arrivals (“FTA”) to cross 30 million in India by calendar year 2037 and Booking.com and McKinsey estimates around 5 billion domestic visits by calendar year 2030. Further, HAI forecasts 15 billion domestic visits and 100 million FTAs for calendar year 2047. The growth in FTAs is expected to strengthen hotel average daily rates, particularly for upper-tier hotels. Read more