1 hr ago

Postcard Hotels Bets Boutique Luxury Can Scale Globally

Postcard Hotels Bets Boutique Luxury Can Scale Globally
Can boutique hotels redefine the luxury experience for Indian travellers? · firstpost.com

Postcard Hotels is an Indian company that runs small, expensive luxury hotels.

It has hotels in unusual places such as mountains, tea estates, beaches and wildlife areas.

Its founder, Kapil Chopra, wants the company to become as famous worldwide as Aman or Six Senses.

Guests pay a lot to stay there, and many rooms are filled.

This suggests that people may already value the Postcard name, not just the locations.

However, experts say hotel owners may not earn much money unless more rooms are occupied.

They also warn that growing too quickly could make the hotels feel ordinary or less personal.

Chopra hopes Indian travellers will choose Postcard hotels when they visit countries such as Thailand or France.

The company must show that it can provide the same special experience in every destination.

Key facts

Current properties
Postcard Hotels operates 12 hotels.
Development pipeline
Seven hotels are due to open within seven months and 23 more are under construction, making 42 hotels including the existing portfolio and pipeline.
Average daily rate
The group reports an average daily rate of nearly Rs 49,000.
Occupancy
Postcard reports occupancy above 70 per cent.
Estimated RevPAR
At the reported occupancy and average rate, RevPAR is approximately Rs 35,000.
Reported assets under management
Kapil Chopra says the company has approximately $800 million in assets under management.
Luxury market trend
Luxury hotels represented about 12 per cent of newly signed room inventory in India last year, according to JLL.

Quotes

Kapil Chopra

Founder of Postcard Hotels and former president of The Oberoi Group

“As they look to build scale, the infrastructure that delivers that brand promise should be developed comprehensively as well.”
firstpost.com
“If there is a Postcard in Phuket or Bangkok or Paris, my customers will follow the Postcard.”
firstpost.com

Sources

Related news