Park Inn by Radisson Gwalior opens today in the city of Gwalior, Madhya Pradesh. The hotel provides an ideal stay for both leisure and business travelers visiting the city, best known for its ancient hilltop Gwalior fort.
No matter how long or short the journey is, the experience will always have a story to tell. Slip away and hit the recharge button with daycations at Four Seasons Hotel Mumbai.
Asset-light operating models have become the main stay for growth of many of the major hotel companies in India, with Management Agreements being the preferred structure. The other major asset-light model - Franchising - though is yet to gain significant traction in the country. Approximately 14% of the total brand signings in 2019 were franchised properties as compared to 10% in 2018. On the other hand, Management Agreements accounted for 76% of the total brand signings in both 2019 and 2018. In contrast, hotel franchises are the most popular model in mature markets like the US, where almost 80% are franchised.
Ginger announces the opening of a new hotel in Kalinganagar, Odisha. The hotel is designed around the brand's lean luxe philosophy. It presents a co-existence of contrasts through dynamic spaces, seamlessly blending the lines of work and play.
The iconic Taj Mahal, New Delhi unveiled the new avatar of the Capital's original and much-loved dining destination Machan. The hotel also reopened to an elegant new lobby and the Emperor Lounge after a stylish makeover. Taj Mahal, New Delhi has been under extensive renovation since July 2019, reinventing itself to offer the essence of timelessness and heritage of Lutyens' Delhi, coupled with contemporary flair and impeccable service the hotel has been renowned for. The next phase of the transformation will include the redesigned rooms and The Chambers - expected to be completed by end of the year.
Hilton Chennai today announced the joining of Sherin Mathew as it's Commercial Director. Sherin comes with more than 14 years of rich and formidable experience in Hospitality Sales & Marketing. He shall be responsible for developing a commercial strategy covering all segments and channels to maximize revenue and profit performance of the hotel. Also he will lead execution of the commercial strategy with an integrated revenue management, pro-active sales and marketing com munications team.
In a market like India, where land most often than not is mis-appropriately valued resulting in exaggerated project costs and hotel transactions are limited in number, the only viable methodology that remains relevant especially in the current uncertain & volatile market scenario is that of Discounted Cash Flows (DCF). Moreover, the current pandemic has had an unprecedented impact on the hospitality sector, with hotels being temporarily closed and the sector witnessing all-time low performance metrics, by the virtue of which, assessing the value of a hotel on current income fails miserably.
Ginger announces the signing of a new hotel in Zirakpur, Chandigarh. The hotel will be designed around the brand's lean luxe philosophy of offering a vibrant, contemporary and seamless hospitality experience to its guests. The hotel is a fully fitted lease.
MUMBAI: On the occasion of World Tourism Day, Indian Hotels Company (IHCL), South Asia's largest hospitality company, has launched #TravelForIndia - a campaign to inspire safe travel and help rebuild the tourism and hospitality industry that touches millions of lives. In line with the Government's 'Vocal for Local' vision, #TravelForIndia aims at driving awareness about the importance of domestic tourism and its impact on livelihoods. With a number of initiatives supporting indigenous tourism in the pipeline, #TravelForIndia was kick-started with a special video today, celebrating the incredible diversity of India whilst spreading a message of optimism, hope and unity in solidarity of its vast ecosystem.
Indian Hotels Company Limited (IHCL), South Asia's largest hospitality company, in partnership with AB InBev, the world's largest brewer, today announced the opening of India's first 7Rivers Brewpub at Taj MG Road, Bengaluru. This first-of-its-kind brewpub with an on-site microbrewery at the hotel, is the first of 15 locations to be launched across IHCL hotels over the next five years.
Luxury boutique hotels and resorts, a widely prevalent concept globally, is still at a nascent stage in India, with very few brands and properties. The increasing desire for experiential travel, by not only the millennials but across different cohorts often looking for unique and exclusive stays, has led to the growing popularity of this concept in the country. So, what are luxury boutique hotels and resorts?
Ginger announces the signing of its second hotel in the city of Guwahati. The hotel will be designed around the brand's lean luxe philosophy of offering a vibrant, contemporary and seamless hospitality experience to its guests. The hotel is a fully fitted lease.
Clichéd as it may sound, the adage rings true for India's Hospitality Sector today - 'When the going gets tough, the tough get going!'
2019 had been one of the strongest performing years for the Indian hotel market in the past decade, uplifting hopes for even better performance in 2020. However, 2020 has been the toughest year in living memory and unfortunately looks to carry on the negative trend for the rest of the year due to the global pandemic. A significant part of the first half of the year was impacted by COVID-19, especially after a complete country wide lockdown was implemented effective 24 March 2020.
Recognised for his astute business acumen in managing hotels, Reuben is a veteran in the hospitality fraternity. Known for his leadership qualities and a rich and varied experience, he brings valuable knowledge from his world-wide assignments with prestigious Indian and International Hotel chains.
The growth of domestic tourism, changing lifestyles, increasing affinity towards competitively priced branded hotels and expansion of business activity to Tier 2 & 3 cities have bolstered the popularity of Mid-market or Midscale hotels in India in the recent past. Both domestic and international hotel companies with established as well as new midscale brands have increased their presence in the country to leverage the growing demand from middle-income domestic travelers and international budget travelers, especially in Tier 2, 3 & 4 cities.
ITB India organiser has announced the adoption of a hybrid model for ITB India 2021. The coming tradeshow will be a combination of a live event (physical exhibition) held on 7- 9 April 2021, in Bombay Exhibition Centre, Mumbai, India; and a virtual event happening five days later, on 15 - 16 April 2021. Coming April 2021, ITB India 2021 will offer a hybrid exhibition experience to the travel industry. The event will be amongst the first exhibitions in India to adopt a hybrid model. The live event will welcome over 8,000 attendees, more than 400 exhibitors, over 500 buyers, and an array of over 150 top speakers. The virtual event is set to complement the live event by reuniting a much wider audience accompanied with digital innovations to improve audience engagement and connectivity. "We see how trade fairs are changing as a result of the COVID-19 pandemic. Personal contact remains the heart of a trade fair. At the same time, however, the trade fairs of the future will be hybrid events. Classic meetings of exhibitors and visitors will be accompanied by digital events," said Sonia Prashar, Deputy Director General of Indo-German Chamber of Commerce, the organiser of ITB India. ITB India 2021 virtual event will be hosted on ITB Community in Asia (ITB Community). ITB Community is a one of a kind, unrivaled 24/7 experience for trade professionals to forge connections, strike conversations with industry peers and do business all-year-round. Attendees of ITB India 2021 can expect the following key privileges:
MUMBAI, Ginger Hotels announces the signing of three new hotels -two in Chennai and one in Patna -designed around the brand's lean luxe philosophy of offering a vibrant, contemporary and seamless hospitality experience to its guests. The two Chennai properties will take the total number of Ginger hotels in the city to five, while the Patna property will be the brand's second hotel in the city.
Thailand-based Dusit International, one of Asia's fastest-growing hospitality companies, has announced its expansion into India with a plan to open at least two Dusit-branded hotels per year from 2021 onwards in Tier I and Tier II cities - such as Mumbai, Delhi and Bangalore - as well as key leisure destinations throughout the country.
InterContinental Hotels Group® (IHG), one of world's leading hotel companies, has signed a management agreement with Riteway and Medha Projects to bring a Holiday Inn Resort to the state of Karnataka. Offering 126 well appointed rooms, Holiday Inn Resort Sakleshpur Western Ghats is expected to open its doors to guests in Q1 2023.