Courtyard by Marriott Aravali Resort Goes Upscale — India Report

Hotel owner and developer Chalet Hotels is working to rebrand the Courtyard by Marriott Aravali Resort near Delhi into a Marriott property. 

In its latest earnings call, Chalet Hotels CEO Sanjay Sethi said that the resort which it acquired last year has been performing well. “It has had 15% growth in revenue per available room (RevPAR) growth in this quarter, so it is trading well. Occupancies are up. The rates are up,” he said.

Courtyard by Marriott had opened in June 2022 and had positioned itself as a property ideal for weddings and meetings. The repositioning of the property is expected to take place over the next six months.

Weddings And Inbound Tourism: Sethi said that in the January-March quarter and the April-June quarter, the company sees the weddings segment being strong. 

“Last year, we did not have any weddings in the April to September period, but this year, we see significant weddings even in the quarter ending in June. The January to March quarter seems to be as good or better than last year, and therefore, we are about this quarter doing extremely well. We will, of course, make sure that we take on weddings in groups,” he said.