Page 16 - Hospitality Industry

Free salons to discounted room rates: Hotels go all out to lure guests

French hospitality major Accor that operates hotels under Pullman and Novotel brands in India, is offering flat discounts on bookings

OYO hands out pink slips to 300 workers from renovation, operations dept

This is in line with the company's efforts to drive technology-enabled synergies and realign of some business functions to other verticals, leading to some redundancies across a few functions

Hotels limp back to normalcy as business travel remains depressed

Recovery still far away; blended average occupancy up 28-30% in current quarter from 18-25% in three months to September

Hospitality body FHRAI urges govt to provide soft loans to industry

Hospitality industry body FHRAI urged the government to provide soft loans to the hotel and restaurant sector as businesses are finding it difficult to sustain themselves amid the COVID-19 pandemic.

OYO to triple room count in Himachal Pradesh by 2022: CEO Ritesh Agarwal

Agarwal told Thakur that the state is among the strongest performing markets for OYO and the company is committed to doubling economic opportunities and presence in the state shortly

6 months after lockdown: Covid-19 impact on economy likely to be long-term

From when the lockdown was imposed on March 24, the number of Covid-19 cases has shot up from 500 to almost 5.6 mn

Six months after Covid-19 lockdown: Airlines, hotels try to journey back

Faced with their worst crisis and without any financial assistance from the government, the viability of the Indian aviation and tourism industry is in peril

ITC weighs 'alternate structure' for hotels business for value creation

Puri also said that there were many smaller pieces in the portfolio that required support from institutional strengths, and that's why they structured the way they were

Hospitality, aviation, tourism firms likely to seek loan recast: Bankers

Micro, small and medium enterprises (MSME) are already covered under the ongoing restructuring scheme which was tweaked earlier this month to cover those impacted by Covid-19 crisis

HAI, Naukri.com tie-up for alternate livelihoods for hospitality workforce

Hotel Association of India (HAI) on Thursday said it has entered into a partnership with Naukri.com to create alternative employment opportunities for hotel industry workforce hit hard by Covid-19

Hospitality major EIH posts Rs 152 cr net loss in Q1 due to Covid-19 crisis

The company had posted a net loss of Rs 1.13 crore in the corresponding period of previous fiscal, EIH said in a filing to the BSE

Book now, cancel last minute: Hotels look to beat Covid-19, reinvent biz

Hospitality may take three years to revive, say hotel chains

OYO restoring full salaries in India, South Asia in phased manner

The spokesperson said 12.5 per cent of the total 25 per cent salary cut will be restored from October and the remaining 12.5 per cent from December 2020

Manish Gupta appointed chief executive officer of TajSATS Air Catering

Hospitality major Indian Hotels Company Ltd (IHCL) on Thursday said Manish Gupta has been appointed as the chief executive officer of TajSATS Air Catering Ltd.

Workcation: A great alternative at a plush hotel for those fed up with WFH

Star properties are reinventing themselves to offer a complete office environment bundled with luxury. And corporate execs, entrepreneurs and professionals are latching on

Hotels in discussion with banks on loan recast after moratorium ends

For one, hotels with standard loans are in discussion with banks on increasing their terms by another 12 months.

Maharashtra hotels reopen, but no room for error amid Covid-19 crisis

Staycations, discounts on offer to lure guests back; hotels to follow mandatory norms such as masks for all, social distancing

Indian Hotels' Q4 consolidated profit before tax drops 69% to Rs 58.1 crore

Its consolidated net profit at Rs 76.29 crore was down 37.75 per cent. It posted a net profit (PAT) of Rs 122.56 crore for the corresponding period of the previous fiscal.

Covid-19: Hotels ready with new 5-star drill as govt eases lockdown curbs

Many changes have been made for the safety of guests and staff including temporary closure of spas, bars, gyms, and swimming pools

Unlock 1.0: Hospitality gets ready with new codes, more focus on hygiene

While new SOPs framed around government mandates are in work, eateries may be harder pressed to make them work