Bakhtawar Lari
Consultant, Mumbai, India
Bakhtawar Lari presently holds the position of Consultant in the hotel, tourism and leisure advisory team of Horwath HTL India.
Bio
Bakhtawar Lari is a Consultant in the Hotel, Tourism, and Leisure advisory team at Horwath HTL India, where he contributes significantly to delivering insightful and comprehensive client reports. His responsibilities include managing the analytical and descriptive components of projects, ensuring precise and data-driven recommendations tailored to client needs.
With extensive involvement in numerous projects across India, Bakhtawar possesses practical expertise in conducting hotel feasibility studies and analysing hotel markets in various Indian cities. His work is instrumental in helping clients assess opportunities, navigate market complexities, and make informed decisions.
Bakhtawar specialises in feasibility studies, due diligence, market research, industry research, and IPO reporting. His methodical approach and deep understanding of the hospitality sector allow him to deliver high-quality insights that align with both client objectives and market demands.
His dedication to providing accurate and actionable analysis makes Bakhtawar a trusted consultant in the field, contributing to the success of Horwath HTL India and its diverse range of clients.
He specialises in Feasibility Studies, Due Diligence, Market Research, Industry Research and IPO Reporting.

Philip's Experience
Bold Steps Forward
We help clients achieve extraordinary outcomes.
ITDC & HCI – Divestment Valuation
India
Grand Hyatt – Feasibility Study
Mumbai, India
Public Offer Documents – Industry Reports
India
Leela Hotels – Brand Valuation
India
International Hotel Chain Portfolio Internal Audit and Operational Review
India
Operational and Performance Review, Budgeting Assistance for Leading Global Hotel Operator
India
Oberoi Hotels – Feasibility Study
Agra, Jaipur and Udaipur, India
Delhi Aerocity – Planning and Feasibility
Delhi, India
Expert Insights
Cutting edge analysis.
India Hotel Market Review 2024
2024 was a sumptuous feast, even if the Xacuti seemed to be under par. The India Hotel Market Review 2024, published by Horwath HTL, presents a comprehensive analysis of the country’s hospitality sector, highlighting its growth, challenges, and future opportunities.

India Hotel Market Review 2023
In 2023, India’s hotel sector continued its impressive growth trajectory, with key metrics showcasing significant improvements. The All-India Average Daily Rate (ADR) reached Rs. 7,479, marking a 31.6% increase from 2019. Supply growth hit a record high with 14,000 new rooms added, raising the total inventory to over 183,000 rooms across 2,553 hotels in 403 destinations. The sector’s market capitalization surged to Rs. 1,282 billion, a remarkable 473% increase from 2015.

India Hotel Market Review 2022
The Indian hotel market experienced a significant resurgence in 2022, marked by strong performances across various segments and regions. This year was considered exceptional by many in the industry, with numerous hotels achieving record-breaking results. According to a survey by Horwath HTL, 65% of respondents reported 2022 as their best year ever, while another 30% ranked it among their top three years.

Asia Pacific Hotel Sustainability Trends 2022
Greenview and Horwath HTL are pleased to present the annual Asia Pacific Sustainability Trends 2022 report, which is published for the seventh consecutive year. This report presents results of the 2022 Horwath HTL Asia Pacific Hotel Industry survey. For this year’s report, a total of 2,586 hotels across 15 countries participated by contributing information about their uptake in sustainability practices as well as utility data from 2021 calendar year. The data is compared against a 2019 baseline to provide insight into the average changes in energy and water consumption and costs by country and service type pre and post pandemic. Additionally, sustainability practices undertaken by hotels were also analyzed to understand implementation status at the country level. Continuous spreading of awareness and scaling of solutions globally will enable further advancement in this region. We are proud to support the industry’s effort to benchmark best practices in sustainability, with the results of this report contributing towards publicly available industry-wide initiatives for hoteliers to understand their properties’ sustainability standing: the Cornell Hotel Sustainability Benchmarking study, Green Lodging Trends Report and Greenview Hotel Footprinting Tool. We would like to acknowledge and thank the Honorary Advisory Board for the Horwath HTL annual hotel industry surveys and the supporting Country Hotel Associations for their participation and strong support.

Asia Pacific Hotel Sustainability Trends 2021
The “Asia Pacific Sustainability Trends 2021” report offers an in-depth look at sustainability practices within the hotel industry across 15 countries in the Asia-Pacific region. Compiled from data provided by 2,356 hotels, this sixth annual report examines the evolution of energy and water usage, cost trends, and the adoption of sustainability initiatives, particularly in the context of the COVID-19 pandemic.

India Hotel Market Review 2021
The 2021 India Hotel Market Review, a collaboration between STR and Horwath HTL India, provides a comprehensive analysis of the industry’s performance amid the ongoing pandemic. Despite numerous challenges, the market showed signs of recovery, primarily driven by domestic leisure travel.
