Page 13 - Hotel Industry
Covid 19 fallout: Faced with existential crisis, hotels re-imagine business
Executive lounges with happy hours and complimentary hors d'oeuvre, free pickups, and complimentary laundry that have been the norm-- not anymore, when hotels open doors to guests post the lock-down
 "Covid 19 fallout: Faced with existential crisis, hotels re-imagine business")
SoftBank's $2-billion guarantee at risk as pandemic hits Oyo business
Oyo risks turning into another problem startup for SoftBank and Son, still reeling from the meltdown at the shared-office company WeWork.
 "SoftBank's $2-billion guarantee at risk as pandemic hits Oyo business")
Hotel owners consider salary cuts as cities go under coronavirus lockdown
Unable to take the losses, some like Ferns Hotels & Resorts have already decided to bite the bullet on salary cuts
 "Hotel owners consider salary cuts as cities go under coronavirus lockdown")
Covid-19 impact: Hoteliers seek Modi's help on loan deferment, GST holiday
Industry body writes to PM seeking protection of Cibil scores, deferment of advance tax, EPF and ESIC
 "Covid-19 impact: Hoteliers seek Modi's help on loan deferment, GST holiday")
Hotel stock investors fear June quarter due to coronavirus impact
Hotel stocks are likely to remain under pressure until the situation comes under control
 "Hotel stock investors fear June quarter due to coronavirus impact")
IHCL gets permission to build flagship hotel for Ginger brand
Ginger now operates 50 hotels, and is developing another 16
 "IHCL gets permission to build flagship hotel for Ginger brand")
Room for more: Oyo to raise another $1 bn as it adds stars to its hotels
The plan is to take up luxury properties in India and abroad
 "Room for more: Oyo to raise another $1 bn as it adds stars to its hotels")
EIH cites general slowdown, drop in airline catering for dismal Q1 show
The firm, which owns the Oberoi chain of hotels, posted a pre-tax loss of Rs 11 crore compared to Rs 16 crore profit a year ago
 "EIH cites general slowdown, drop in airline catering for dismal Q1 show")
London Bubble to operate in select OYO Townhouse properties across India
The tie-up will help OYO monetise its assets better and help add more value to its guests
 "London Bubble to operate in select OYO Townhouse properties across India")
Hotel industry won't have discretionary pricing power anytime soon: SAMHI
SAMHI, a hospitality sector asset owner with a portfolio of 30 hotels and 4,000 rooms, works with multiple brands from leading hotel chains like Marriott and IHG
 "Hotel industry won't have discretionary pricing power anytime soon: SAMHI")
Higher check-ins boost occupancy at branded hotels to 9-year high
Tariff growth icing on cake; trend expected to continue in FY18
 "Higher check-ins boost occupancy at branded hotels to 9-year high")
Hotel industry demands policy for unregulated room rentals
Industry also demand actions to increase tax compliance from these rentals
 "Hotel industry demands policy for unregulated room rentals")