Manav Thadani, Founder Chairman, Hotelivate shares his views on HICSA 2023
The conference is an unequalled gathering place for top management, hotel owners, bankers, developers and professional advisors from around the globe
How would you explain the emerging scenario of the Indian hotel industry?
On a macro level, government initiatives to promote tourism have really paved the way for expansion for many hotel brands. It is also so wonderful to see hotels focus on innovation and diversification while offering unique experiences and expanding into new markets. There has also been a trend towards sustainable tourism, with hotels adopting eco-friendly practices and promoting responsible tourism.
The theme of HICSA 2023 is 3XAI (Artificial Intelligence, Astute Investments, and Aesthetic Interiors) is perfectly capturing the mood of the hotel industry. What should industry expect from the theme?
AI – Artificial Intelligence, Astute Investments and Aesthetic Interiors are the three main pillars on which future development will depend. Whether we are looking at expansion, acquisition or mergers, AI – all three pillars – is all set to lead the way. We at Hotelivate do believe in keeping up with the changing times and listening to the feedback that we get at the end of every HICSA, like I mentioned earlier. A lot of positive feedback was received for the sessions talking about Artificial Intelligence and that is when we thought that this was something that needs the importance it deserves.
You have a galaxy of Speakers lined up for HICSA 2023. What is the expected outcome from the Conference?
HICSA has been known to create the right networking and business development opportunities while enabling thought leaders of respective fields to make more informed decisions and stay ahead of the curve. This year we are elated to have on board many movers and shakers of the industry. Anthony Capuano – Chief Executive Officer – Marriott International, Chris Nassetta – President and CEO -Hilton, Puneet Chhatwal, Managing Director & CEO, IHCL, Neil Jacobs CEO, Six Senses Hotels, Resorts & Spas and Dillip Rajakarier, Group CEO, Minor Hotels to name a few.
This is the 18th edition of HICSA. How HICSA has grown over the years and what are its notable contribution to industry?
The flagship Hotel Investment Conference – South Asia was conceived and held for the first time in 2005, at Trident Mumbai. In its 18th year now, HICSA has come a long way from 160 attendees in the first edition to having between 550-600 delegates from more than 20 countries across the world and developing into the premier hospitality event in the South Asian Region. Valued for its content rich sessions and excellent networking, it is an unequalled gathering place for top management, hotel owners, bankers, developers and professional advisors from around the globe. It features a collection of keynote speeches, stage interviews and engaging panel discussions from subject matter experts and industry stalwarts. HICSA has made significant contributions to the South Asian hospitality industry by facilitating investments, promoting thought leadership and recognising industry excellence.
What sort of investment Indian hotel industry is expecting in the next 2-3 years?
The industry is looking at expansion and investment in a range of areas to support its growth and meet the needs of the domestic and international traveller. Tier 3 and 4 cities now have better connectivity and infrastructure which attracts brands to have their presence in those cities. A lot of hotels are now looking at investing in technology to improve their operational efficiency as well as guest experience. With India fast becoming a manufacturing hub, there are a lot of opportunities for both owners and operators.
Please also share with the details of HICSA Awards?
The ‘HICSA Hotels of the Year Awards’ presented by MakeMyTrip, recognizes the most remarkable new hotel developments in the South Asian region. The nominations for this year include hotels across seven categories: Upper Upscale & Luxury Segment; Boutique Hotel Segment; Upscale Hotel Leisure Locations Segment; Upscale Hotel Urban Locations; Upper Mid-Market Hotel Segment; Budget and Mid-Market Hotel Segment and Conversion Hotel Segment. An independent jury has shortlisted hotels for each category. The winners will be finally determined by the HICSA 2023 delegates through a voting process and then be announced as part of the conference program.
