Rushabh Shah
Managing Director, Mumbai, India
Rushabh Shah serves as the Chief Operating Officer of Horwath HTL India, bringing over a decade of expertise in hospitality sector consulting since 2009.
Rushabh Shah serves as the Chief Operating Officer of Horwath HTL India, bringing over a decade of expertise in hospitality sector consulting since 2009. His extensive experience spans market analysis, feasibility studies, valuations, and appraisals, covering 45 Indian markets and three international destinations.
Rushabh has worked closely with bankers, investors, and both domestic and international hospitality chains, providing strategic consulting across various projects. His contributions include advising on expansion plans and entry strategies, leveraging his in-depth understanding of market dynamics and industry trends to deliver actionable insights and solutions.
With a diverse skill set that combines financial acumen, commercial expertise, and diligence evaluations, Rushabh adds significant value to Horwath HTL India’s consulting services. His ability to navigate complex projects and build strong stakeholder relationships ensures successful outcomes for clients, reinforcing his position as a trusted advisor in the hospitality sector.
Rushabh’s leadership and comprehensive knowledge continue to drive Horwath HTL India’s growth, making him a key figure in the company’s success and the advancement of the industry as a whole.
Rushabs' experience
Bold steps forward
We help ambitious clients achieve extraordinary outcomes.
ITDC & HCI – Divestment Valuation
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Grand Hyatt – Feasibility Study
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Public Offer Documents – Industry Reports
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Leela Hotels – Brand Valuation
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International Hotel Chain Portfolio Internal Audit and Operational Review
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Operational and Performance Review, Budgeting Assistance for Leading Global Hotel Operator
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Oberoi Hotels – Feasibility Study
Agra, Jaipur and Udaipur, India
Delhi Aerocity – Planning and Feasibility
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Expert insights
Cutting edge insight.
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.
Tren Keberlanjutan Hotel Asia Pasifik 2021
Laporan “Tren Keberlanjutan Asia Pasifik 2021” menawarkan pandangan mendalam tentang praktik keberlanjutan dalam industri perhotelan di 15 negara di kawasan Asia Pasifik. Disusun dari data yang diberikan oleh 2.356 hotel, laporan tahunan keenam ini mengkaji evolusi penggunaan energi dan air, tren biaya, dan adopsi inisiatif keberlanjutan, terutama dalam konteks pandemi COVID-19.
Tren Keberlanjutan Hotel Asia Pasifik 2022
Greenview dan Horwath HTL dengan bangga mempersembahkan laporan tahunan Tren Keberlanjutan Asia Pasifik 2022, yang telah diterbitkan selama tujuh tahun berturut-turut. Laporan ini menyajikan hasil survei Industri Hotel Horwath HTL Asia Pasifik 2022. Untuk laporan tahun ini, sebanyak 2.586 hotel di 15 negara berpartisipasi dengan menyumbangkan informasi tentang penerapan praktik keberlanjutan serta data utilitas dari tahun kalender 2021. Data tersebut dibandingkan dengan data dasar tahun 2019 untuk memberikan wawasan tentang perubahan rata-rata konsumsi energi dan air serta biaya berdasarkan negara dan jenis layanan sebelum dan sesudah pandemi. Selain itu, praktik keberlanjutan yang dilakukan oleh hotel juga dianalisis untuk memahami status implementasi di tingkat negara. Penyebaran kesadaran yang berkelanjutan dan perluasan solusi secara global akan memungkinkan kemajuan lebih lanjut di wilayah ini. Kami bangga dapat mendukung upaya industri untuk membandingkan praktik terbaik dalam keberlanjutan, dengan hasil laporan ini yang berkontribusi pada inisiatif yang tersedia untuk umum bagi para pelaku bisnis perhotelan untuk memahami posisi keberlanjutan properti mereka: studi Cornell Hotel Sustainability Benchmarking, Laporan Tren Penginapan Ramah Lingkungan, dan Greenview Hotel Footprinting Tool. Kami ingin mengucapkan terima kasih kepada Dewan Penasihat Kehormatan untuk survei industri hotel tahunan Horwath HTL dan Asosiasi Hotel Negara yang mendukung atas partisipasi dan dukungan kuat mereka.
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.
Tren Keberlanjutan Hotel Asia Pasifik 2020
Laporan “Tren Keberlanjutan Asia Pasifik 2020” memberikan pemeriksaan terperinci mengenai praktik keberlanjutan di industri perhotelan di 16 negara di kawasan Asia Pasifik. Terlepas dari tantangan yang ditimbulkan oleh pandemi COVID-19, laporan ini mencerminkan upaya berkelanjutan untuk meningkatkan keberlanjutan di berbagai aspek operasi hotel, termasuk penggunaan energi, konservasi air, dan adopsi praktik ramah lingkungan.