Airport accommodations – properties situated close to or inside airport premises – have gotten more and more widespread around the globe, together with in India. The idea, which was first launched within the US within the early Thirties to offer handy lodging for airline crew and passengers, has emerged as an vital sub-segment within the resort trade in latest a long time. As in different nations, airport resort provide took off in India as airport infrastructure improved. There are roughly 12,000 branded airport resort keys presently in operation and over 4,600 keys within the pipeline in varied cities within the nation. New-age ideas reminiscent of small accommodations and capsule accommodations have additionally been launched lately. Whereas airport accommodations have been traditionally constructed to serve vacationers with lengthy layovers, early morning flights, or flights that have been canceled, the idea has advanced in tandem with the evolution of airports.
Airports are now not remoted developments; many are situated inside cities with vital industrial improvement round them. Furthermore, with the emergence of airport cities, airports have turn into locations in their very own proper, serving as prime areas for industrial and resort improvement. Consequently, airport accommodations have reworked from fundamental properties for transit vacationers to well-designed properties with best-in-class facilities reminiscent of spas, swimming swimming pools, and a number of F&B choices, typically competing with metropolis accommodations and resort properties. A number of airport accommodations now additionally provide world-class assembly and convention amenities, which helps in attracting company MICE.
The airport resort’s distinctive promoting level, its location, offers them a bonus over metropolis accommodations, permitting them to command increased occupancy and better income. For instance, airport accommodations in Mumbai have constantly maintained annual occupancy ranges above 75% within the pre-COVID period, outperforming trade common occupancy by 2-5 proportion factors. Most airport accommodations around the globe additionally recovered sooner and stronger than their metropolis counterparts following the pandemic. For instance, the Dubai Worldwide Resort, situated inside Dubai Worldwide Airport, had a 95% occupancy price within the fourth quarter of 2021, in comparison with the trade common of 82% for a similar interval. The same sample has been noticed in India. The occupancy price for Mumbai airport accommodations in 2021, for instance, was almost 19 proportion factors increased than the town’s trade common for the 12 months.
In response to the Indian Ministry of Civil Aviation, the variety of air vacationers within the nation is anticipated to succeed in 400 million by 2027, and because of this, the nation’s airport infrastructure is anticipated to obtain a large enhance over the following few years. For instance, by 2030, India is anticipated to have 220 airports, up from 153 in 2020. Further airports are being inbuilt cities reminiscent of Bengaluru, Hyderabad, Pune, and others to alleviate congestion and meet rising demand, and plans to denationalise airports in Tier 2 and Tier 3 cities are within the works. With airports throughout the nation getting ready to offer world-class experiences to passengers, demand for airport accommodations in India is anticipated to rise even additional, offering vital progress alternatives for resort builders and operators.
Mandeep S Lamba
President (South Asia), New Delhi
+91 (124) 488 5552
HVS
