Page 14 - Hospitality Industry

Siliguri-based hotelier moves SC against Oyo for unfair practices

In July, the NCLAT closed insolvency proceedings against Oyo and one of its subsidiaries, and also disallowed the intervention of external parties

Microsoft, OYO in alliance to co-develop travel, hospitality products

Microsoft and hospitality firm OYO have entered a multi-year strategic alliance to co-develop next-gen travel and hospitality products and technologies, the companies said on Thursday. "OYO will adopt Microsoft Azure as a key enabler to drive cloud-based innovations and reimagine the hospitality and travel tech industry. The solutions will be geared to benefit patrons who operate the small and medium hotel and home storefronts," the companies said in a joint statement. Microsoft has also made a strategic equity investment in OYO, it added. Earlier in August, in an RoC filing, OYO had said that Microsoft Corporation has invested nearly USD 5 million (about Rs 37 crore) in OYO through the issuance of equity shares and compulsory convertible cumulative preference shares on a private placement basis. "We are excited to join hands with Microsoft in our constant endeavor to improve business opportunities for the small and independent hotel and homeowners, and to redefine experiences for

After a subdued Q1, hotels seeing sharp month-on-month recovery

But that's only when one takes into account the year-on-year performance. The first quarter of last year was a washout for the sector due to the nationwide lockdown

Tourism Min signs pact with MakeMyTrip, Ibibo to boost hospitality industry

The Ministry of Tourism has signed a MoU with MakeMyTrip (India) Private Limited and Ibibo Group Private Limited as part of its ongoing efforts to strengthen the hospitality and tourism industry

ITC adopting disruptive business models as part of strategy reset, says MD

About the FMCG business, Sanjiv Puri said ITC is focusing to build a formidable business at scale and several of its brands have already achieved leadership positions

Asset-right strategy to drive ITC's game-plan for hotels post Covid: MD

Sanjiv Puri said an extensive strategy reset has been undertaken to architect the structural drivers that will power ITC's next horizon of growth

With at least 12 mega-projects, Hilton eyes the big box in India

After two failed partnerships, the 102-year-old international hospitality chain hopes to expand its presence in the country

CII ties up ITC Hotels to launch vocational education in hospitality sector

Industry body CII on Thursday said it has partnered with ITC Hotels to launch vocational education training by Switzerland-based hotel school EHL in the hospitality sector.

Hotel Association seeks govt's assistance to revive hospitality industry

Hotel Association of India (HAI) has sought the Union government's help to revive the hospitality industry, including by extending one-time restructuring of loans.

Human Connect: Here to stay forever in the hospitality business

The most troubling question which perhaps is still unanswered by the industry remains - "Can we afford to belittle people in a people first business?"

ZFW Hospitality enters Mumbai to scale 15 brands with 50 dark kitchens

ZFW Hospitality, a hyperlocal expansion platform for F & B & D2C brands, is entering Mumbai with over 50 dark kitchens & fulfillment centers for brands to expand in the western region.ZFW, which already partners with leading brands, has established a strong presence in Delhi-NCR with over 35 plus fulfillment centers. This expansion will help the platform scale up to the 100-store mark by August, before its Bangalore launch.Commenting on the development, Madhav Kasturia, Founder of ZFW said, "Mumbai is a very strategic move for us, as it's the third-largest market in India for Food Delivery & Hyperlocal E-commerce after Delhi & Bangalore. Most brands on their expansion trajectory prefer to cover the major metros as their first milestones before scaling to Tier-2s & Tier-3s as these are easy-to-access markets. We've been very selective in choosing the brands we support & currently have several on the waitlist for the Q3 cohort."As part of its ...

ZFW Hospitality enters Mumbai to scale 15 brands with 50 Dark Kitchens

New Delhi based ZFW Hospitality on Thursday announced its foray into the financial capital of the country where it plans to support over 15 brands with 50 dark kitchens and fulfilment centres. As part of its first cohort in Mumbai, ZFW will support the growth of over 15 brands such as Keventers, Vadilal, among others, as part of its immediate launch plans in Mumbai, the hospitality company said in a statement. ZFW Hospitality is a hyper-local expansion platform for food and beverage (F&B) and direct-to-consumer (D2C) brands. This expansion will help the platform scale up to the 100-store mark by August. ZFW, which already partners with leading brands, has established a strong presence in Delhi-NCR with over 35 fulfilment centres. Mumbai is a very strategic move for us, as it's the third-largest market in India for food delivery and hyper-local e-commerce after Delhi and Bengaluru. Most brands on their expansion trajectory prefer to cover the major metros as their first milestones

Second Covid wave derailed hospitality industry recovery: ICRA

The industry was impacted in the first quarter of the ongoing fiscal after two quarters of sequential recovery witnessed in the third and fourth quarter of the previous fiscal

ITC to expand Welcomhotel brand to 25 hotels even amid pandemic

Amid Covid pandemic and slump in the hospitality industry owing to lockdown and restrictions, ITC Hotels is optimistic about domestic tourism, planning to increase number of properties in Welcomhotel.

CHATT: New association announced, will help tourism, hospitality with tech

CHATT will help smaller companies in digital growth and training, say its members.

Covid-19 pandemic: Hotels can't offer vaccine package, says Centre

Necessary legal and administrative actions should be initiated against institutions which are giving package for Covid vaccination in collaboration with hotels, Additional Secretary to Health Min said

Hotels see surge in enquiries, bookings for leisure trips ahead of unlock

Travel firms remain cautiously optimistic, hope for recovery in second quarter

Hotel industry body makes a plea to PM Modi for relief from pandemic

The top association in the sector outlines a five-point relief package

These entrepreneurs are helping restaurants go contact-less in Covid times

In the past 10 months or so, their firm Airmenus has got on board restaurants, home chefs, gourmet stores all over the country, and several craft breweries in Maharashtra

Indian hospitality industry's RevPAR falls 39% in first quarter: JLL

India's hospitality industry witnessed a decline of 38.7% in Revenue Per Available Room (RevPAR) during the first quarter of 2021 as compared to the year-ago period