Page 12 - Hospitality Industry

Barbeque-Nation Hospitality Q1 profit at Rs 16 cr; revenue soars three-fold

The company had clocked a net loss Rs 43.85 crore in the April-June period a year ago, Barbeque-Nation Hospitality said in a regulatory filing.

Hotels, restaurants workers demand pay hike after service charge ban

Industry experts say that while restaurants will increase the food prices there is no certainty on it going to staff as it will be a part of the owner's revenue

India's restaurants slam new rules against compulsory service charge

Restaurants say they already explicitly mention the charge in notices at the gate and on the menus, and if someone chooses to use their services, they are bound to pay it

Hotel industry sees growth as daily room rates, occupancies over 2019 level

Mumbai hotels recorded an occupancy rate of 80 per cent in May 2022, which was followed Pune and Bengaluru, consulting firm HVS Anarock said

No experience, no resume and you're hired! Hotels fight for staff

Europe's largest hotelier Accor is running trial initiatives to recruit people who haven't previously worked in the industry

Suba Group signs master franchise deal with NYSE-listed Hotels

Suba Group to oversee 58 existing and upcoming Choice properties in India; move follows closure by American hospitality chain of its Indian arm

Hospitality industry outlook looks quite strong: Chandrasekaran at IHCL AGM

The hospitality industry is expected to do well going forward barring unforseen situations, and occupancy of Indian Hotels Company Ltd is expected to rise, company's chairman N Chandrasekaran said

Mumbai boosts hospital capacity as Covid cases rise, bed occupancy doubles

Around 10 out of every 1,000 beds are already occupied by Covid-19 patients, up from 4 a week ago

Hospitality sector in sweet spot but revenue boost eludes five key players

Lower costs, improving occupancies as well as room rents augur well

Street looking beyond Apollo Hospitals' disappointing Q4 performance

Based on sum-of-the-parts valuation, some analysts have pegged their target price between Rs 4,900-5,000

OYO completes acquisition of Europe-based Direct Booker for $5.5 mn

OYO acquire Europe-based Direct Booker. OYO has in the recent past declared its intent of actively scouting for 'tuck-in' acquisitions, especially in the European market as a strategic growth lever

EIH Chairman PRS Oberoi steps down, nephew Arjun Singh Oberoi takes over

The veteran hotelier is credited with making Oberoi a brand to reckon with steps down owing to ill health

Radisson plans to add 100 hotels in India by 2025: CEO Federico Gonzalez

We are looking at India's development and the speed of change in India. If India is growing at 7 per cent, that means more GDP than many European countries, he said

Trip insurance & safety net: Get hotel quarantine cover

Read the fine print before buying a travel insurance policy

Marriott International elevates Ranju Alex as Area VP for South Asia region

As a key member of Marriott International's leadership think tank, Alex will be based in Mumbai and oversee the company's operations across India, Bangladesh, Sri Lanka, Nepal and Bhutan

Business travellers' hub welcomes increased footfall after easing of curbs

Two years of the pandemic have had a major impact on the economy of the place, with many hotels left with unoccupied rooms despite slashed rates

Recovery tracker: More people flying and registering vehicles, shows data

Retail, recreation visits slip over last week but remain higher than pre-Covid days

Super Top up - Shaktimaan for the middle class!!!

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Sterling Holiday Resorts appoints Vikram Lalvani MD & CEO

He takes over from Ramesh Ramanathan, who continues to be the Chairman of the company, Sterling Holiday Resorts said in a statement

Open skies bring flood of enquiries from overseas to luxury retreats

Ananda in the Himalayas, a destination spa resort in the foothills close to Rishikesh, has witnessed an all-time high interest from foreigners