Page 7 - Hotels

Mahindra Holidays plans to add 1,000 rooms in next 2-3 yrs: Chairman

Mahindra Holidays & Resorts India Ltd (MHRIL) plans to add at least 1,000 rooms in the next two to three years, according to company Chairman Arun Nanda. In his address to shareholders in the company's annual report for 2021-22, Nanda said the firm is looking at greenfield projects, expansion of existing facilities, acquisition and lease opportunities to drive a significant growth in room inventory in the next few years. "Your company is poised for a significant growth in room inventory. The plan is to add at least 1,000 rooms in the next 2-3 years," he wrote. Nanda further said, "The additions are planned through a combination of greenfield projects on a beach near Ganpatiphule in Maharashtra and work is in progress for developing in few other destinations; expansion projects at its resorts in Kandaghat (Himachal Pradesh) and Puducherry." MHRIL had also recently won a bid for public-private partnership (PPP) project in Himachal Pradesh (Janjehli, Mandi district) and the work on .

Forced to pay service charge? Here's how you can lodge a complaint

If a restaurant is forcing customers to pay extra money in the name of service charges, customers can lodge a complaint with the CCPA

Hotel industry sees growth as daily room rates, occupancies over 2019 level

Mumbai hotels recorded an occupancy rate of 80 per cent in May 2022, which was followed Pune and Bengaluru, consulting firm HVS Anarock said

Hotels and restaurants can't levy service charge by default, says CCPA

The hotels have to clearly inform the consumer that paying the service charge is at the consumer's discretion, the CCPA said

Eateries get a taste of local with Covid-19 pandemic impacting supplies

Imported fare makes way for homegrown produce

Hospitality deals pick up after a lull as HNIs, family offices check in

Family offices, high net-worth individuals and institutional investors are looking at the sector, say advisory firms

OYO completes acquisition of Europe-based Direct Booker for $5.5 mn

OYO acquire Europe-based Direct Booker. OYO has in the recent past declared its intent of actively scouting for 'tuck-in' acquisitions, especially in the European market as a strategic growth lever

EIH Chairman PRS Oberoi steps down, nephew Arjun Singh Oberoi takes over

The veteran hotelier is credited with making Oberoi a brand to reckon with steps down owing to ill health

Pandemic lessons: Hotel brands, asset owners go for revenue sharing route

While IHCL has been at it for some years now, for Concept and Kamat Group, which have typically relied on management contracts, it's a first

Business travellers' hub welcomes increased footfall after easing of curbs

Two years of the pandemic have had a major impact on the economy of the place, with many hotels left with unoccupied rooms despite slashed rates

Oriental Hotels posts net profit of Rs 1.38 crore in fourth quarter

The company had posted a consolidated net loss of Rs 4.66 crore in the same period a year ago, Oriental Hotels Ltd said in a regulatory filing

Recovery tracker: More people flying and registering vehicles, shows data

Retail, recreation visits slip over last week but remain higher than pre-Covid days

Radisson Group looking to double India footprint; to launch 'Retreats'

Launches new lifestyle brand Individual Retreats amid rise in demand for curated travel and experiential stay

Hospitality sector rings in FY23 on positive note amid broad-based recovery

Business hotels, which saw a delayed recovery, are back stronger and sooner as big ticket conferences and meetings have resumed in a big way, said hotel industry executives

IPL and return of big ticket conferences put Mumbai hotels in high demand

Thanks to high occupancy, room rates have jumped by a staggering 65-66%, according to media industry sources

Unlock theme stocks may see good times once 'business as usual' revives

Most of the signals are positive, and if sustained, many businesses could see a big rebound

Hospitality sector prepares for biz uptick after three waves of pandemic

Led by weddings, hotels see surge in bookings across segments

After brisk December, hotels face biz loss as Omicron drives cancellations

Large-scale weddings and corporate events in Jan called off or postponed; banquet-driven hotel chains most impacted with some seeing cancellations running into lakhs in a single day

Soon, new Ginger Hotel by an all-woman engineering team in Mumbai

This marquee project is a significant step forward in promoting varied opportunities for women in other-wise traditionally male-dominated industry like construction

Hotels hope to jingle all the way to New Year amid Omicron fear

Average daily rates at leisure sites breach pre-Covid levels, say industry executives