Showing: 1 - 16 of 208 RESULTS
HotelScapes

Current rates, land cost discouraging supply; opportunity for ARRs to go up, says Ajay Bakaya 

Ajay Bakaya, Managing Director, Sarovar Hotels, shared his views on a range of issues in a free-wheeling interview. Current room rates and exorbitant land costs were deterring investments in new projects, he said, adding that it was also an opportunity for average room rates to up. Excerpts from an exclusive interaction: With Portico, Premiere and Hometel as three segments, where will the focus be? Where is the growth happening?  The focus area is uniform, but …

HotelScapes

Accor makes the much-awaited announcement; Raffles comes to India

The much-awaited announcement has finally been made. Accor has announced the launch of its iconic ultra-luxury brand – Raffles – in India. Since joining the Accor network in 2015, the brand has undergone a renaissance, with a strong pipeline that will see the portfolio double in the next few years. India’s state of Rajasthan, especially Jaipur forms part of the most visited tourist circuit of The Golden Triangle, which comprises New Delhi, Agra and Jaipur. …

HotelScapes

Even Against All Odds: a book review of Sunder Advani’s memoir

An engrossing book review on Sunder Advani’s book by Saaz Agarwal.  Even Against All Odds is a story of dramatic highs and lows, faced with continuous effort, unflagging ambition, steady innovation and good humour. The book is the memoirs of Sunder Advani and covers his very interesting life of eighty years, incorporating lessons learnt by a first-generation entrepreneur, touchingly honest descriptions of mistakes made and with life lessons and business lessons in every chapter. When …

HotelScapes

Trends in F&B and startups examined at the first Mayo Alumni Summit in the capital

The Mayo Alumni Association, Delhi (MAAD), a chapter of the Old Boys Society, Ajmer which originates from its prestigious alma mater Mayo College, Ajmer, organized a first of its kind “Mayo Alumni Summit on 30th March 2019” at The Lalit, New Delhi. The themes of the first annual summit compromised of two special sessions, i.e. Startups (“Angel Investment Perspectives”), Foodpreneurs (“Business of Food”) and a talk on Healthcare (“Healthcare Today for Tomorrow”). The Summit entailed …

HotelScapes

Hyatt to muscle up its India presence, to add 14 properties in two years

Hyatt Hotels Corporation has announced that 2019 will mark record growth for the company. Expansion plans foresee the addition of over 2,100 guestrooms through the opening of more than 14 new properties over the next 24 months. Aside from growth in the larger capital cities, the emphasis will be on leisure and cultural destinations, with a focus on emerging cities within India. As a result of an increasingly favorable business climate and heightened tourism spend, …

HotelScapes

Accor concludes Showcase 2019 with record breaking hotel and resort representation

The Accor Showcase this year saw more than 1,400 attendees that interacted with Accor representatives from hotels and resorts in India and abroad representing 1,500 properties.  For the past three years, the Accor Showcase has brought together key industry and Accor hotels and resorts representatives from India and around the world. Over the years, the Showcase has served as an ideal platform to ideate on working together to leverage a thriving domestic and outbound tourism market …

HotelScapes

IHCL debuts in Rishikesh with Taj Rishikesh Resort & Spa, expands in Uttarakhand

The IHCL group has unveiled its newest property – Taj Rishikesh Resort & Spa, Uttarakhand. This will be the company’s third hotel in the state. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “We are honoured to partner with Mr. Mehra for Taj Rishikesh Resort & Spa, an exciting new addition to IHCL’s expanding resort portfolio. With its idyllic setting and unrestricted views of the Himalayas, the resort is well positioned to tap …

HotelScapes

Domestic segment driving business, growth of new destinations: Ramesh Daryanani

Marriott was ramping up investments in technology to provide a seamless experience to consumers, engaging them much before their actual stay at the hotel, said Ramesh Daryanani, VP Global Sales for Marriott International in the Asia Pacific. He noted that the newly rolled out loyalty program ‘Bonvoy’ was aimed at redeeming points for an experience, going beyond the usual hotel offering of redeeming points for a stay.  He expressed enormous faith in going local and …

HotelScapes

Lemon Tree enters into a non-binding agreement to acquire Keys Hotels, adds on to its protfolio

Media reports indicate that Lemon Tree Hotels has entered into a non-binding agreement with Berggruen Hotels to acquire Keys brand of hotels in India. In a disclosure to the Bombay Stock Exchange (BSE) recently, Lemon Tree has disclosed to have signed a non-binding term sheet for 100 per cent direct and indirect acquisition of the shares of Keys Hotels. Important to note here that Keys Hotels is staring at a debt in excess of INR …

HotelScapes

Active Holiday Company to promote The TCS New York City Marathon in India

In a first for any Indian company, Active Holiday Company has been appointed as an official tour operator to promote the prestigious ‘The TCS New York City Marathon.’ It is the world’s largest marathon and had a participation count of 52,811 finishers in 2018. It is important to note that it is for the first time in 49 years of the race’s history, the organisers of the Marathon have appointed an Indian company to promote …

HotelScapes

OYO to muscle up infra, plans an INR 1400 cr. investment in India and Nepal

OYO will invest INR 1,400 crore in its India and Nepal business to boost infra, internal capacity and leverage technology. It also launched its new collection ‘O Hotels’, in the budget-to-mid segment hotel brand chain. Calling India their “key market”, founder and Group CEO Ritesh Agarwal, said that OYO was the largest hotel operator in India by a margin, “with 176,000 leased and franchised keys under management.” “We are committing over ₹1,400 crore for technology …

HotelScapes

Holiday Inn Express expands India presence with multiple hotel openings

IHG in partnership with SAMHI rebranded 10 hotels to global standards within a short span of four months InterContinental Hotels Group has opened seven more Holiday Inn Express hotels from the IHG-SAMHI partnership. The hotels are spread across some of the key cities in India, including, Pune, Hyderabad, Nashik, Ahmedabad and Bengaluru. IHG and SAMHI entered a partnership in 2017 to rebrand 14 hotels (approximately 2000 rooms, operating and under construction) in India to Holiday …

HotelScapes

IHCL reaffirms ASPIRATION 2022; focused initiatives working well, says Puneet Chhatwal

The Indian Hotels Company Limited recently held its second Capital Markets Day. The Company shared key updates on its five-year business strategy, Aspiration 2022. It is the company’s aspiration of become the most iconic and profitable company.  Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said “the management is pleased with the progress in its first year of Aspiration 2022. The reimagined brandscape with its portfolio of distinct brands allowed us to deliver a …

HotelScapes

OYO launches operations in Japan, inks a JV with Yahoo Japan Corporation

OYO has commenced its operations in Japan, through a joint venture with Yahoo Japan Corporation (“Yahoo! JAPAN”) to form OYO Technology & Hospitality Company, Japan. Through this entity, OYO will bring its housing rental product from India, OYO Living, re-débuted as OYO LIFE to Japan beginning of March, in 2019. Geared to provide upgraded living experiences at an affordable price, OYO LIFE aims to enter the housing rental segment in the country, targeting the young …

HotelScapes

A grander Accor Showcase set to return for its third edition

Accor’s largest international showcase will bring together over 1,600 delegates with representation from over 70 properties, 45 of which are international.  For the third year in a row, Asia Pacific’s largest and most successful hotel exhibition and sales mission series is coming back to Mumbai and New Delhi. The 2019 Accor Showcase promises to be bigger and better than before with participation from over 23 countries and representation from more than 70 Accor hotels and …

HotelScapes

In a disruptive shift, Accor launches a new loyalty program, corporate logo

Accor has recently unveiled launched a new premium visual language including a new corporate logo. The two distinctive brands, Accor and ALL, will utilize the same ‘iconic A’ monogram that represents the seal of excellence of the group and which fuses the letter A with the bernache which is the historical emblem of the group. With ‘ALL- Accor Live Limitless’, Accor has given a disruptive and dramatic shift to its loyalty program into a fully …