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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 …

HotelScapes

Cinnamon Red expands to Kandy with the announcement of a new property

Introduced in 2014, the lean luxury segment of Cinnamon Hotels & Resorts, Cinnamon Red is set to expand to the Hill Capital Kandy. A groundbreaking ceremony was held to mark the start of the project’s construction which is scheduled for completion in two years. Cinnamon Red Kandy will be the first and only Leed Gold certified hotel in Kandy, developed at an investment of LKR 6.5B. With a portfolio of over 2400 rooms in Sri …

HotelScapes

IHCL now in the homestay segment, plantation trails, with Ama Trails & Stays

IHCL has inked a management contract for nine Plantation Heritage Bungalows with Tata Coffee. It will be the company’s first branded product in the homestay market in India. The Indian Hotels Company Limited (IHCL), has announced the launch of “Ama Trails & Stays”, the first branded product in the homestay market in India.  Ama Trails & Stays are a group of heritage bungalows, guesthouses and homestays at unique locations across the country. The Company signed …

HotelScapes

IHCL going strong in Q3, 2018-19; PAT grows 50% over 2017-2018

The Indian Hotels Company Limited (IHCL) has recently reported its consolidated and standalone financials for the third quarter and nine months of the year ending December 31, 2018. Consolidated financial results for the third quarter ending december 31, 2018 Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said “The Company delivered a strong performance in the third quarter of this current fiscal. We saw double digit growth in revenues, robust increase in EBITDA margins …

HotelScapes

J&K Governor Satya Pal Malik nominates K B Kachru on the Vaishno Devi Board

It’s great news for the hospitality industry as KB Kachru, Chairman Emeritus of Radisson Hotels Group, assumes charge, for a three-year term, as a member of the esteemed Shri Mata Vaishno Devi Shrine Board.  Bhojanalayas (food centres) and refreshment units are an integral part of the larger Vaishno Devi experience. K B Kachru’s management expertise will certainly assist the Shrine Board in providing devotees with a more holistic experience. Veteran hotelier K B Kachru was …

HotelScapes

Luxury segment gains with IHCL’s first mountain resort; Taj Theog Resort & Spa, Shimla launched

Theog is a Tehsil in the district of Shimla. It is located some 32 kilometres from the crowds of the city centre, known most for having still retained the old-world charm and quiet of a Himalayan hill station. Its position on the tourism map is expected to get a shot in the arm as IHCL has introduced the iconic Taj brand with the opening of Taj Theog Resort & Spa, Shimla. The hotel stands amidst …