5e consulting city profile hotels ahmedabad (feasibility study, demand study, etc)
TRANSCRIPT
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Ahmedabad
Ahmedabad
Varishta ConsultantsPvt.Ltd.5eConsulting.
Hyderabad|Mumbai
|Delhi
|Ahmedabad
|Kolkata
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HO&RegisteredOffice Hyderabad
Contact
Mr.Raghuram AVG,102A,SriDattasai CommercialComplex,Opp.Saptagiri Theatre,RTCXRoads,Hyd 500020
Landline +910427627607:Mobile +919701010000Email:[email protected]
Mumbai
B29/113SundarNagar
NearGanesh Temple
Sundernagar ,Santacruz East
6Mangal,3AVishrut Bunglows,
OppositeA
School
Subhash chowk,Memnagar
Ahmedabad
12/3MonoharPukurRoad3 rd Floor
NearUttam
Mancha
Kolkatta 700026
KolkataDelhi
10B,Jangpura
MathuraRoad
NewDelhi 110014
Mumbai400098
Contact Mr.SourabhAgarwal
Landline
Mobile +919930868608
Ahmedabad380052
Contact Mr.Haresh Desai
Landline +917940055790
Mobile +919662124866
Contact Mr.AshutoshNigam
Mobile +919831022820
Contact Mr.RajivJha
Landline
Mobile +919971544299
Email [email protected] ma n o econsu ng. n_ .
Email rajiv17@gmail. com
AssociatedCompanies
5eConsulting WiseFinancial OneIMPEX,
.
.
Hyderabad
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IntroductionIntroduction
Parameter Description
Population(2001census) 4.69million
Popu ation 2010projecte 5.80m on
Area 1300sq.km
AdministrativeStatusAhmedabadMunicipalCorporation(AMC)forthecorecityandsomeoftheregionssurroundingthecityareadministeredbytheAhmedabadUrbanDevelopment
Authority(AUDA).
Climate
Threemainseasons:summer,monsoonandwinter.Asidefromthemonsoonseason,
theclimateisdry.Averagesummermaximumandminimumis33 C(80 F) 23 C
(73 F)
City
Functions Textileindustries,
pharmaceutical
Industries,
Trading,
Education,
Logistics
DistanceofAirportfromCBD 13kmfromAshramroad(corecity)
Commercial
RealEstateOutlook Residential
Retail
SEZ,PoliticalStability,ProposedInfrastructureProjects,lowconstructioncost,
proposedindustries
UpcomingSuburbsSanand,Bopal,Shela,Ghuma,Shilaj,SPringroad,SGhighway,Ahmedabad
Gandhinagarhighway,Prahladnagar
1.8forResidentialR1
PermissibleFSI
1.2forResidentialR2
0.3forResidentialR31.8forCommercial
2.25forStarHotelson18mwideandaboveroad
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GeographicalFeaturesGeographicalFeatures
Six laning ofSarkhej-
ramgamhighway
Royal group
TATA NanoPlant
owns p1200 acres
(proposed)
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DemographicsDemographics
Population projection for Greater Ahmedabad including AMC and AUDA area
20012011 2021 2035
Population* 5,417,374 6,905,477 8,231,375 10,900,000. , , , , , , , ,
CAGR (%) 2.20% 2.46% 2.32% 1.92%
Source :Population for 2001 is taken from relevant Census of India 2001, population for 2011 & 2035 are taken from CDP - Ahmedabad
SEC classification for Ahmedabad o ulation
%distribution
*2001 2011 2021 2035
SEC A 11% 119,182 151,920 183,744 239,800
SEC B 21.60% 234,031 298,317 360,807 470,880
SEC C 22.10% 239,448 305,222 369,159 481,780
SEC D 25.10% 271,952 346,655 419,271 547,180
SEC E 20.20% 218,862 278,981 337,421 440,360
Source: BW Marketing White book, 2006
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Economy &DevelopmentEconomy &Development
WorkparticipationratioofdifferentcitiesinwesternIndia
WPR (in %)
Sectorial distributionofemploymentinAhmedabad
Services
16.62%
Mining and Quarrying
0.40%
Agriculture
1.70%
34
3536
37
38
39
Manufacturing
32.13%
Transport
9.61%
29
30
31
32
33
Mumbai Pune Vadodara Surat Rajkot Ahmedabad Construction
Trade, Hotels and
Restaurants
33.33%
WPR (in %)
UrbanCWEoccupation&HWoccupationforAhmedabad
.
S. No.Categories %
Source:CityMonitor2002
r cu ure .
2Mining andQuarrying
0.4
3 Manufacturing 32.1
4 Construction 6.2
5Trade, Hotelsand Restaurants
33.3
Source:TheMarketingWhiteBook,200304
6 ransport .
7 Services 16.6
Total 100.0
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Economy &DevelopmentEconomy &Development
SardarPatelRingRoadandproposedGIFTcity
BusRapidTransportSystem(BRTS)AhmedabadGandhinagarMetro
GIFT
citySardar
Patel rin
road
DelhiMumbaiIndustrialCorridor
SabarmatiRiverfrontproject
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CBD&CommercialAreasCBD&CommercialAreas
CoLease
rentals INRCapitalvalues
SABARMATI
de Area
psft pm)
(INR psft)
Old City
Core 10- 20 800- 2000Ashram
THALTEJ,SHILAJ
1
Road(CBD) 20- 45 1800- 4500
2
CG Road(CBD) 30- 60 3000- 6500
OLDCITY
CORE1
2
BAPUNAGAR
BOPAL,SHELLA3 3 Gurukul 20- 30 1800- 2800
Vastrapur 25- 40 2000- 4000
Prahladna
4
MANINAGAR
4 ar 30- 55 3000- 5500
5
SGHighway
(SBD) 35- 55 3000- 6000
SANAND Sabarmati 15- 30 1000- 2500
Maninagar 15- 25 1200- 2500
Bapunagar 10- 25 1000- 2500
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ResidentialRealestateResidentialRealestate
Code
Area Type CapitalValues
(INR psft)
SABARMATI
Old CityCore
Traditional Houses 800- 1500
1 Navrangp
ura
Apartments 2500- 4000
2 BAPUNAGAR
THALTEJ,SHILAJ
aranpura par men s -
Gurukul Apartments 1800- 2800
Vastrapur Apartments 2500- 3500
3 Satellite Apartments 3000- 4500
OLDCITY
CORE
1BOPAL,
SHELLA 4 Paldi,Vasna Apartments 2500-3000
Sabarmati Apartments 2000-2500
-4
MANINAGAR
SANAND
,Shilaj
Bopal,Shella
Bungalows, Rowhouses
2400-3200
Sanand Bun alows Row 1800- 3000houses
Maninagar Apartments 1500-3000
Bapunagar
Apartments 1100- 1800
Shahibau
g
Apartments 2200-4500
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RetailRealestateRetailRealestate
Co
Leaserentals
(INR psftCapitalvalues
SABARMATI
de Area pm) (INR psft)
Old CityCore 20-50 1800-4500
Ashram 7000-
BAPUNAGAR
THALTEJ, SHILAJ
1 Road 70-95 10000
2 CG Road 80-1107500-
12000
OLD CITYCORE
12
BOPAL, SHELLA
5
33 Gurukul 50-65 4500-7000
Vastrapur 45-70 4500-7500
4
MANINAGAR
4 Satellite 65-90 6300- 9500
5
SG
Highway 70-100
6500-
10000
Sabarmati 30-50 2800-5000
Maninagar 25-45 2500-4500
Bapunag
ar 15-30 1500-3200
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Tourists&BusinessVisitorsTourists&BusinessVisitors
Actual travellers forecasting in Ahmedabad
Purposeof
traveling 20092010 20102011 20112012 20122013 20132014 20142015 20152016
Business 14.40 53% 15.26 53% 16.18 53% 17.15 53% 18.18 53% 19.27 53% 20.43 53%
Leisure 2.17 8% 2.30 8% 2.44 8% 2.59 8% 2.74 8% 2.91 8% 3.08 8%
Religion 9.51 35% 10.08 35% 10.69 35% 11.33 35% 12.01 35% 12.73 35% 13.49 35%
Other 1.09 4% 1.15 4% 1.22 4% 1.29 4% 1.37 4% 1.45 4% 1.54 4%
27.17 28.80 30.53 32.36 34.30 36.36 38.54
Source: Gujarat Tourism Corporation Limited
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OverviewofhospitalitysectorOverviewofhospitalitysector
There are many existing hotels in Ahmedabad, while Gandhinagar has a couple of good quality hotels. Thereare about 1322 star category hotel rooms, inclusive of 3 star, 4 star and 5 star category hotels, in Ahmedabad.The average occupancy in these hotels is around 75%. Many national and international hotel chains arescouting for and in the city and some have finalised locations and plots for hotels in the city.
Locations of Hotels in Ahmedabad
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InventoryofexistinghotelsInventoryofexistinghotels
Sr.No. Name& No.ofRooms Occupancyin Tariff(INRperroomnight)
Fivestarhotels
c
1 Taj ResidencyUmmed 91 55% 780016000
2 LeMaridien 63 60% 8000
13500
4 Mariott parkland 160 NA 750010000
5 Inder Residency 79 60% 50007800
Fourstarhotels
Sr.No. Name& No.ofRooms Occupancy(oct'09) Tariff
Address
2 ComfortInnSunset 33 58% 40006000
3 St.Laurn 75 NA NA
4 Hotel Gin er 75 NA 2599
5 HotelCountryinn 75 NA NA
Total 308 62%
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InventoryofexistinghotelsInventoryofexistinghotels
Three star hotelsSr.No. Name& No.ofRooms Occupancyin% Tariff (INRperroomnight)
Address
1 FortuneHotelLandmark 96 65% 720010700
2 QualityInnRivera 69 60% 30004000
3 TheWestend 37 65% 21002600
4 HotelRoyalHighness 47 70% 25004200
5 HotelKanak 28 60% 23005000
6 HotelNalanda 44 65% 30004000
7 SilverOakClub&Resort 45 75% 30004500
8 CambaySapphire(3starhotel), 55 50% 18003200
9 NestHotel 44 70% 20003000
10 HotelPresident 58 65% 28003700
11 HotelChicago 35 70% 52006500
12 RockRegency 50 70% 12001800
13 HotelRitzInn 48 60% 16003000
14 The Grand Bha wati 36 75% 38007000
15 HotelGoldenPlaza 20 65% 20004000
16 HotelPride 32 55% 16003400
17 HotelLemontree 60 60% 25005000
18 HotelMetropole 45 75% 20004500
19 AmbassadorHotel 25 55% 17503150
20 TheChambers 28 70% 23953595
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DemandSupplyGapDemandSupplyGap
Demand assessment assuming CAGR of 12% in tourist arrival
Year 20092010 20102011 20112012 20122013
TouristarrivalinAhmedabadcity(inlakhs) 28.78 32.23 36.10 40.43
Starcategorytourists@75% 2,158,223 2,417,210 2,707,275 3,032,148
[email protected] 3,237,335 3,625,815 4,060,912 4,548,222
Roomnightdemand@50% 4435 4967 5563 6230
ExistingStock(no.ofrooms)
Considering10%unaccounted
Supply 385 492 450 650
Cumulativestock 1857 2349 2799 3449
Gap(noofrooms) 1650 1444 1365 1057
Demand assessment assuming CAGR of 9% in tourist arrival
Gap(noofrooms) 1526 1176 924 410
Demand assessment assuming CAGR of 6% in tourist arrival
Gap(no.ofrooms) 1402 915 507 189
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Proposedhotelsaspermarket
intelligence
Proposedhotelsaspermarket
intelligence
Sr.No Name Location Promoter Hotelbrand No.of
rooms
proposed
Category
1 ITCnarmada Keshvbaug,
vastrapur,Ring
road
Welcomegroup ITChotels 100 5star
2 Shantikunj servicedapartment Paldi Orienthospitalities NA 26 4star/budget
3 Raddison Asrhramroad Raddison NA 80 4star
4 Orchid SGHighway Orchid NA 100 5star
5 Dawny day Satellite Dawnyday NA 50 4star
6 GalaHotel Drivein Navneetgroup NA 300 4star
7 Proposedhotel Vastrapur AlphaG NA 100 5star
8 Crownplaza Shapath5,SG
Hi hwa
Savvy
infrastructure
Crownhotels 100 5star
9 Proposedhotel Prahladnagar Parshvanathgroup NA 100 5star
10 Proposedhotel SGHighway Rajtravelsgroup NA 300 5star
ropose o e g way oen xgroup ur o e s s ar
12 Proposedhotel Paldi Panoramic
universalsLtd
NA 36 4star
13 Proposedhotel CGRoad Intercontinental NA 75 4star
o e s
1467
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FutureOutlookFutureOutlook
. .
isincreasingeveryyear.
Hospitalitymarketislikelytowitnessahugeupswingduetocommercialandindustrial
.
incomingyears.
Demandwillincreaseascommercialspacesareaddinginthecitystock.
ActiveGovernmentpolicies,UrbanInfrastructure,lowpricesoflandandrealestate,
availabilityofland,Positivesupportfromtourismdepartmentandgrowthofthecityarekeyfactorstodevelopahotelconsideringoptimumproductmix.
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