Page 2 - Hotel

Royal Orchid Hotels to add up to 35 properties with 2,000 rooms in FY25

Royal Orchid Hotels is planning to add 30-35 new properties with about 2,000 rooms in the 2024-25 fiscal as part of its expansion plans across India, according to its Chairman and Managing Director Chander K Baljee. The company, which operates hospitality properties under the Royal Orchid and Regenta brands, is also looking to expand its wedding destination portfolio by adding four to five locations every year. "We are expanding very fast. We have already crossed 100 hotels, and I think this coming year (2024-25), have already signed up for another 30-35 (hotels to be added)," Baljee told PTI. In terms of places where these new hotels will come up, he said, "We're looking at all over India. In fact, are we trying to focus on places where we are not present right now like Andhra Pradesh, Telangana and some other places". When asked about the total number of rooms that will be added through the new properties, he said, "I think there should be an addition of approximately 2,000 ...

Long Weekend: Airfares, hotel rates shoot up ahead of Holi, Good Friday

The Indian tourism industry is witnessing a sustained boom on the back of what industry stakeholders call a mindset shift, where people are using every opportunity to travel

Hoteliers consider using disposables as water crisis deepens in Bengaluru

In the wake of the water scarcity, hoteliers in Bengaluru are mulling the use of disposable cups, glasses and plates to avoid excess use of water. The hoteliers are praying for good rain around Yugadi (Kannada new year) time to overcome the crisis. "Most of our borewells have gone dry and we are dependent on water tankers. If there is no rain around Yugadi, then we will have to make alternative arrangements," Karnataka State Hoteliers Association president Chandrashekar Hebbar told PTI on Saturday. According to him, 90 per cent of the water goes for washing utensils and which eventually goes down the drain. "Now we are seriously exploring 'use and throw' material as an option," Hebbar said. The hotelier said it will be a costly affair but the expenditure on the disposable materials will be passed on to the customers. "We are feeling the heat of the water scarcity in Bengaluru. We are praying for good rain around Yugadi," the KSHA president said. Meanwhile, the civic agency in ..

Oyo parent Oravel Stays plans to launch 13 premium hotels this year

Last year, the company started a pilot by setting up 10 Palette resorts in Jaipur, Hyderabad, Digha, Mumbai, Chennai, Manesar, and Bengaluru

Hotel industry's revenue expected to grow 7-9% in FY25, says ICRA

The Indian hotel industry is expected to report a 7-9 per cent revenue growth in FY2025 with occupancy likely to be at decadal highs, ratings agency ICRA said on Tuesday. Sustenance of domestic leisure travel, demand from meetings, incentives, conferences, and exhibitions (MICE), including weddings and business travel despite a temporary lull during the election period are likely to drive demand in FY2025, ICRA said in a statement. Spiritual tourism and tier-II cities are also expected to contribute meaningfully in FY2025, it added. ICRA said domestic tourism has been the prime demand driver in FY2024 and is likely to remain so in the near-term. Foreign Tourist Arrivals (FTA) are yet to recover to pre-Covid levels and the improvement would depend on the global macroeconomic environment. "Demand is expected to remain strong across markets in FY2025, as consumer sentiments continue to be healthy and corporate performance is stable," ICRA Ltd Vice President and Sector Head Corporate .

Hospitality industry expects 11-13% revenue growth on domestic demand

The hospitality industry is expected to clock 11-13 per cent revenue growth in 2024-25 on steady domestic demand and a rise in foreign travellers, a report said on Monday. This revenue growth will follow a likely 15-17 per cent growth in the current financial year, backed by steady domestic demand and ramp-up in foreign travellers, Crisil Ratings said in a report on Monday. The strong demand dynamics along with modest new supply will keep the operating performance of the industry healthy over the near term, the report added. According to the report, the healthy operating performance will augur well for the industry profitability where the EBITDA, or earnings before interest, taxes, depreciation, and amortization will continue the strong momentum over the current and the next fiscal. This, along with limited capital expenditure, will keep the credit profiles strong, the report noted. "The domestic travel demand, which remained a key driver this fiscal, will sustain next year as wel

Juniper Hotels' Rs 1,800 crore IPO to open on for bidding on February 21

Juniper Hotels Ltd, which runs hotels under the "Hyatt" brand, on Thursday fixed a price band of Rs 342-360 per share for its Rs 1,800-crore initial public offering (IPO). The maiden public issue will open for subscription on February 21 and close on February 23, the company said in a statement. The IPO is entirely a fresh issue of equity shares worth Rs 1,800 crore with no Offer For Sale (OFS) component. Of the total proceeds, funds to the tune of Rs 1,500 crore will be utilised for payment of debt availed by the company and subsidiaries -- Chartered Hotels Private Limited and Chartered Hampi Hotels Private Limited. Besides, a portion will be used for general corporate purposes. Juniper Hotels is promoted by Saraf Hotels Ltd and its affiliate-- Juniper Investments Ltd-- and Two Seas Holdings Ltd, an indirect subsidiary of a global hospitality company Hyatt Hotels Corporation. The hospitality firm has a portfolio of seven hotels and serviced apartments and operates 1,836 keys ac

Rajasthan govt likely to seek PM Narendra Modi's help to promote tourism

Tour operator Sanjay Kaushik said that Rajasthan is very famous for its heritage and the state has the highest number of heritage properties in the world

Hilton's revenue rises by 12%, beat estimates on record lodging prices

The U.S. hospitality industry in recent months has benefited from pricier rates and a strong rebound in international travel as consumers take advantage of a strong dollar

Passalacqua in Italy's Lake Como named as best hotel in the world

The tiny, 24-room hotel only just opened in June 2022 after a years-long restoration to its 18th century building-which has played host to guests as illustrious as Napoleon, Churchill, and Bellini

U'khand rains: Resorts in Lakshman Jhula area ordered to cancel bookings

Days after five members of a family from Haryana were killed at a resort in Lakshman Jhula area after it was hit by a landslide, the Pauri district administration on Friday asked resort owners and camp operators in the popular tourist spot to cancel the bookings till further orders in view of heavy rains. Debris of a landslide fell on Monday on a resort named Night Paradise Camp in Lakshman Jhula area burying a family of six from Haryana's Kurukshetra and Panipat districts inside. The lone survivor, a 10-year-old girl, was rescued alive hours after the tragedy but the bodies of the rest of them were pulled out of the debris one after another over the past few days. The order asking resort owners to cancel the bookings till further orders has been issued for the safety of tourists, Lakhshman Jhula Station House Officer (SHO) Vinod Gusain said. "Saving lives is the administration's top priority. An order like this has been issued for the safety of tourists," he said. Strict legal ac

Top headlines: MSCI global index shuffle, HCLTech signs deal with Verizon

Business Standard brings you the top headlines at this hour

HDFC evaluates promoter Jain's offer for 2 Radisson Blu hotels in Ghaziabad

The total outstanding loan for the hotel properties amounts to Rs 507 crore and the loan has been categorised as a special mention account (SMA) 2, as of June

Smoke erupts at Hotel Trident Nariman Point, fire dept says 'false alarm'

A smoke was reported at Hotel Trident Nariman Point in Mumbai, on Sunday

NGT asks panel to take remedial action in illegal groundwater extraction

The National Green Tribunal has directed a panel to take remedial measures over alleged illegal extraction of groundwater by 536 hotels in the bustling Paharganj locality in the national capital. While hearing a petition seeking execution of the tribunal's earlier order passed in April 2021, the NGT also directed the panel to look into the legality of groundwater extraction by the hotels and similar establishments, besides their compliance with norms, including consent conditions for extraction, and groundwater availability and replenishment measures. The petition had sought an injunction against "illegal" withdrawal of groundwater by 536 hotels operating in Paharganj. A bench of chairperson Justice A K Goel said though any application which clubbed multiple causes of action was not permissible under the rules, the tribunal could exercise suo motu (on its own) jurisdiction if there are serious violations of environmental norms. The bench, also comprising judicial member Justice Sud

MP: Hotel of BJP leader, accused of murder, demolished amid public outrage

A special team from Indore blasted 60 dynamites on Tuesday evening to demolish the hotel

Hotels to tickets: Travel return fuels growth for online travel aggregators

EaseMyTrip, Airbnb and OYO among companies reporting steady growth in business as pandemic wanes

Nothing 'suspicious' found from unidentified bag near Paschim Vihar: Police

The Delhi Police on Monday recovered a digital lock-like-looking item from an unknown bag near a five-star hotel in Paschim Vihar. However, the police found nothing 'suspicious' about it

Absolute disgrace: Anushka fumes over invasion of Kohli's privacy at hotel

"Exercising some self control helps everyone. Also, if this is happening in your bedroom then where is the line?" she concluded in her note.

ITC scouts alternate structures for hotel biz; stock up 50% so far in 2022

According to reports, ITC Hotels could soon be a separately listed entity, carved out of the parent cigarette-to-branded packaged food conglomerate.