Mandeep S Lamba, MRICS

Consulting Experience

Mandeep S. Lamba, HVS President of South Asia, oversees the practice in the region and is based in New Delhi, India. Mr. Lamba is a hospitality professional with an established leadership track record of over 35 years in varied roles with international leading organizations, including 17 years in CEO positions. Mandeep has extensive experience in hotel operations, development, strategy, and hospitality advisory, having worked for companies such as Choice Hotels, IHG, and Radisson Hotels before becoming President of ITC Fortune Hotels in 2001. After successfully building the Fortune Hotels midscale brand in India, Mandeep ventured into an entrepreneurial stint for over eight years, setting up joint-venture companies with Dawnay Day Group UK and Onyx Hospitality Thailand before joining Jones Lang LaSalle in 2014 as Managing Director, Hotels & Hospitality Group – South Asia. Mr. Lamba’s current role at HVS involves advising investors on their hospitality-related growth and acquisition strategies; working with hotel owners and operators on asset management and raising debt and equity; consulting on feasibility, valuations and market studies, and participating in HVS’s Executive Search for hospitality and real estate leadership positions. An established industry leader, Mandeep has won several awards and recognitions for his accomplishments and contribution to the hospitality industry. He is a member of the Tourism Council of CII (Northern India) and a member of the Royal Institute of Chartered Surveyors, UK (MRICS). Recently, he was featured in the Hotelier India Power List of the most respected hoteliers in India for the second year in a row. For more information, please contact Mandeep S. Lamba at [email protected].

Press Coverage

Leading the way to survive, revive and resurge, 2020

HVS is much stronger today with stronger and cohesive partners: Stephen Rushmore Jr., 2019

My Articles

HVS Monday Musings: Reimposing Lockdowns is a Blow to the Indian Hotels Sector

In the last few weeks, demand for domestic leisure tourism has improved in India, which is a silver lining for the distressed and vulnerable Indian hotels sector. However, sudden changes in regulations are adding to the sector’s woes and may dampen the spirits going forward.

• November 29, 2020 By Mandeep S Lamba , Akash Datta , Dipti Mohan

• Hotel Companies , COVID-19 , India

HVS Monday Musings: Collaboration - the Key to Reviving the Indian Hospitality Sector

The Indian hospitality sector should adopt a collaborative approach as it embarks on the long road to recovery. Hoteliers should collaborate & integrate their efforts to find innovative solutions to the challenges in the sector and share best practices & learnings with the entire fraternity to not only help rebuild traveler trust but also to help the sector thrive in the future.

• November 22, 2020 By Mandeep S Lamba , Dipti Mohan

• Hotel Investments & Ownership , Hotel Brands , Hotel Companies , COVID-19 , India

HVS Monday Musings: Hotel Feasibility Study will Become Critical in the COVID era

Before investing millions of Rupees of expensive capital, it is prudent to spend an insignificant fraction of the sum on Feasibility and ROI Studies for a hotel and/or a mixed-use project to help determine the viability of the project. The rapidly evolving consumer behavior and demand fundamentals are expected to make a professionally prepared feasibility study even more critical than ever before.

• November 15, 2020 By Mandeep S Lamba , Akash Datta , Dipti Mohan

• Hotel Investments & Ownership , Hotel Operations , Development & Construction , Valuations & Market Studies , COVID-19 , India

HVS Monday Musings: Food for Thought - Reimagining F&B at Hotels in India

Hotels must consider outsourcing hotel outlets to standalone marquee restaurants that had made their mark in the pre-COVID era but are now facing an existential crisis. Read on to know more.

• November 8, 2020 By Mandeep S Lamba , Dipti Mohan

• Hotel Operations , Food & Beverage , COVID-19 , India

HVS Monday Musings: Faster technology adoption will bring a paradigm shift in hotel operations in India

Efficient usage of technology will help the hospitality sector to improve profitability, while enhancing guest experience going forward.

• November 1, 2020 By Mandeep S Lamba , Dipti Mohan

• Hotel Operations , Human Resources , COVID-19 , India

HVS Monday Musings: Mixed-use development - The most sustainable model for hotels going forward

Mixed-use developments are going to be the most sustainable model for hotels going forward as they leverage the best of each asset class, while diversifying the risks for the investors and enhancing the overall experience for the guests. Read on to know more.

• October 11, 2020 By Mandeep S Lamba , Akash Datta , Dipti Mohan

• Hotel Investments & Ownership , Condo Hotels , Mixed Use , COVID-19 , India

HVS India Hotels Outlook: Impact of COVID-19

This report provides a review of how the Indian Hotels sector has been impacted by COVID-19 and a forecast of the expected recovery over the next few years. Download the report to know more.

• August 20, 2020 By Mandeep S Lamba , Akash Datta , Anuj Roperia

• Valuations & Market Studies , Economic Trends and Cycles , COVID-19 , India

HVS Monday Musings: Quality Hotel Supply is the Key to Developing Fledgling Tourist Destinations

Hotels play a key role in creating successful leisure destinations. Good quality hotel supply can go a long way in developing fledgling tourist places into established leisure destinations. Read on to know more.

• August 16, 2020 By Mandeep S Lamba , Dipti Mohan

• Travel & Tourism , COVID-19 , India

HVS Monday Musings: Opening New Revenue Streams in the Hospitality Sector

The hospitality sector is venturing into various new revenue generating opportunities in the COVID era. Read on to know more.

• August 9, 2020 By Mandeep S Lamba , Dipti Mohan

• Hotel Operations , Asset Management , Food & Beverage , Hotel Companies , COVID-19 , India , Asia

HVS Monday Musings: Rebooting Global Travel & Tourism Sector

The global Travel & Tourism sector is gradually coming back to life as several countries across the globe ease their lock down and travel restrictions. Governments across the globe are taking steps to revive the sector, some of which have been highlighted in this article.

• July 1, 2020 By Mandeep S Lamba , Dipti Mohan

• Travel & Tourism , COVID-19 , Thailand , Australia , New Zealand , Slovenia , Europe , Switzerland , Italy , China, mainland , Lithuania , Estonia , Singapore , Portugal , Iceland , Sri Lanka , Cyprus , Bulgaria , Mexico , India , Asia

COVID-19: Impact on the Indian Hotels Sector

The Indian hotels sector has been significantly impacted by COVID-19 as demand is at an all-time low. In our latest report, we have tried to quantify the impact, while discussing some immediate steps needed to help the sector get back on its feet.

• April 1, 2020 By Mandeep S Lamba , Akash Datta , Dipti Mohan

• Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , COVID-19 , India

HVS Ease of Doing Business in Indian Hospitality Sector

Ease of doing business in India has improved significantly in past few years due to reforms by the Government. However, approval & licensing requirements in hospitality sector is still very complex compared to global peers. Reforms in this direction are necessary to induce fresh capital in sector.

• January 14, 2020 By Mandeep S Lamba , Dipti Mohan , Akash Datta

• Hotel Operations , Asset Management , Valuations & Market Studies , Brokerage & Transactions , Executive Search & Recruitment , India

HVS Anarock India Hospitality Industry Review 2018

After a long hiatus Indiawide ADRs in 2018 grew at 6.25%, resulting in a RevPAR growth of 9.6%. We anticipate RevPARs in 2019 to grow by 9.5% on the back of growth primarily in ADR.

• April 4, 2019 By Akash Datta , Mandeep S Lamba , Anuj Roperia

• Valuations & Market Studies , Brokerage & Transactions , Economic Trends and Cycles , Hotel Brands , Management Contracts , India