JLL India appoints Jaideep Dang to spearhead its hotels and hospitality business

Dang's appointment underlines JLL's commitment to strengthening its hotels and hospitality focused portfolio

Appointments, JLL India, Jll, India, India hotels

JLL has appointed Jaideep Dang as managing director of its Hotels & Hospitality Business. Based in Gurugram, India this is Dang’s second stint with the firm wherein he will lead the specialised hotels and hospitality practice.

Dang’s appointment underlines JLL's commitment to strengthening its hotels and hospitality focused portfolio by building on existing and potential long-term strategic relationships with major Indian and global brands.

Dang has wide-ranging and extensive experience across business consulting, transactions, management contracts, feasibilities & appraisals and market research. Prior to joining JLL, Dang worked with The Oberoi Group, as senior vice president - strategic development for the India sub-continent, Asia and Africa.

Did you like this story?
Click here for more

Commenting on Dang’s appointment, Ramesh Nair, CEO & Country Head, JLL India said, “The Indian travel and hospitality industry has emerged as one of the key growth drivers within the services sector, and the importance of hotels as an asset class within the overall real estate sector cannot be undermined. With clients valuing our work and expertise across different real estate asset classes, we want to be seen as the partner of choice for hospitality consulting mandates. With his ability to develop and nurture long standing relationships with Indian and international hotel chains, developers and investors, Jaideep’s return to the JLL India fold provides us with a significant advantage in taking our hospitality business to the next level.”

Jaideep Dang, managing director – Hotels and Hospitality Group said, “The hotels sector in India is experiencing healthy growth on the back of increased foreign tourist arrivals and growing domestic demand. Average rooms rates as well as occupancy ratios across all hotel segments has witnessed upward movement in all key business and leisure markets in India.

“On the other hand, new branded hotel supply is also adding up, albeit cautiously, which is a healthy scenario for new hotels as they look into the future to accommodate this growing demand. Nearly 65% of this new supply in the last few years has been in the mid to upscale segments. A large part of the new hotel supply is part of mixed use developments. With land prices rising, this trend of mixed use hotel developments will be the future. The timing could not have been better for investors to explore opportunities to buy existing and under construction hotel assets, both in business as well as leisure segments,” he added.

The Indian hospitality sector is set to witness significant growth upside in the performance of hotels in most key markets across India with occupancy levels gradually increasing on back of better demand from increased office absorption, a 7.3% year-on-year growth in foreign tourist arrivals during January to July 2018, a booming domestic travel market and a slowdown in additional room inventory.

For all the latest hospitality news from UAE, Gulf countries and around the world, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page.

Most Popular

Newsletter

Reports

Human Capital Report 2017

Human Capital Report 2017

The second annual Hotelier Middle East Human Capital Report is designed to explore the issues, challenges and opportunities facing hospitality professionals responsible for the hotel industry’s most important asset – its people. The report combines the results of Hotelier Middle East's HR Leaders Survey with exclusive interviews with the region's senior human resources directors.

Hotelier Middle East Housekeeping Report 2016

Hotelier Middle East Housekeeping Report 2016

The Hotelier Middle East Housekeeping Report 2016 provides essential business insight into this critical hotel function, revealing a gradual move towards the use of automated management and a commitment to sustainability, concerns over recruitment, retention and staff outsourcing, and the potential to deliver much more, if only the industry's "image problem" can be reversed.

From the edition

From the magazine