Page 5 - Hotel Sector

Millennials are becoming largest consumer group for hotels: Descrozaille

Accor India COO says the firm has 17 new projects in the pipeline with three hotels opening this year

Fortune Park Hotels to add five hotels in India by December 2022

These five hotels will be -- Fortune Resort Benaulim Goa, Fortune Park in Hoshiarpur (Punjab), Fortune Park in Tirupur (Tamil Nadu), Fortune Select in Goa and a Fortune Inn in Haldwani (Uttarakhand)

Indian Hotels' iconic Taj named strongest hotel brand in the world

Indian Hotels Company (IHCL), South Asia's largest hospitality company, announced that its iconic brand, Taj, has been rated the Strongest Hotel Brand in the World by Brand Finance, the world's leading brand valuation consultancy in its annual 'Hotels 50 2021' report.This report recognizes the most valuable and strongest hotel brands across the globe."This is a proud moment for the Indian hospitality industry on the global stage. Taj being rated as the World's Strongest Hotel Brand is a testament to the unwavering trust our guests have consistently placed in us and the warmth and sincere care our employees have embodied day-after-day. We will continue our endeavor to elevate the world class experiences of luxury hospitality and deliver the magic of Tajness to all our stakeholders," said Puneet Chhatwal, Managing Director & Chief Executive Officer, Indian Hotels Company.Taj received an overall Brand Strength Index of 89.3 out of 100, with a corresponding AAA rating for customer ..

RBI creates liquidity window of Rs 15,000 crore to help hotels, tourism

Relief meant for 'contact-intensive sectors' that have been pulled down due to coronavirus

'INNergise' to Mood Diet: Five-star hotels go all out to beat Covid blues

Focus of home delivery menus is on foods that provide nutrition and improve mood without pinching customers' pockets

Most eateries in Mumbai remain shut as guest cap puts plans in a pickle

While the rest of Maharashtra has reopened with 50 per cent capacity, Mumbai restaurants have been allowed 33 per cent capacity only

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.

Hotel stocks gain as Maharashtra govt eases lockdown restrictions

Shares of Kamat Hotels (India) were locked in upper circuit of 20 per cent

Delhi Hotel, Restaurant Owners' Association bans Chinese nationals, goods

Estimates suggest, out of the 75,000 budget hotel rooms in the capital, nearly 4 per cent, or 3,000, are occupied by Chinese guests, on an average

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

Covid-19 impact: No comfort in hotel stocks as recovery pushed to FY23

Expectations of a slow recovery, high fixed costs and debt worries are putting off investors

MakeMyTrip partners premium hotels to launch online delivery service

With dine-in experiences coming to a halt due to the coronavirus pandemic-triggered lockdown, the company aims to bring culinary experiences from top restaurants to the doorstep of customers

India Inc wants govt to shift focus to economy amid Covid-19 outbreak

CEOs warn of economic depression, say need to work within new normal

Quarantine hotels: It's business unusual amid coronavirus outbreak

Leading hotels are taking all precautions but the unusual service the staff has been pressed into puts them at the forefront of Covid fight

Hotel stock investors fear June quarter due to coronavirus impact

Hotel stocks are likely to remain under pressure until the situation comes under control

Good news: Your stay at luxury hotels to be less expensive from today

Travellers staying in a hotel room costing over Rs 7,500 per night will now have to pay GST of 18 per cent, against 28 per cent earlier

Hotel Leelaventure, TAJGVK, Lemon Tree jump up to 15% on GST rate cut hopes

Hotel Leela and TAJGVK Hotels were up 15 per cent and 11 per cent, respectively, while Royal Orchid Hotels, Oriental Hotels, EIH and Lemon Tree were up in the range of 3 to 5 per cent.

Hotel sector poised for a rebound. Should you check in?

With high cost of land and limited avenues of financing, the room supply growth is expected to moderate to 7.9 per cent CAGR over the next three-four years.