Page 7 - Hotels

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

Surge in occupancies, earnings triggers flurry of new hotel signings

Hotel chains and developers are busy inking partnership deals and announcing a flurry of new openings.

Hotels roll out red carpet for year-end vacationers after brisk Dussehra

For the annual recovery to reach 2019 levels, though, it may still take another six to 12 months

Leisure Hotels Group to add 6 properties by 2022-end

Hospitality firm Leisure Hotels Group is looking to add six properties across the country by the end of 2022 as part of its expansion plans in the country, a top company official said. Currently, the company has 28 properties with around 1,000 rooms spread across four states Himachal Pradesh, Uttarakhand, Uttar Pradesh and Goa. "We are looking to add a total of six properties by the end of the next year. So, the number will be somewhere in the region of 34 by the end of 2022," Leisure Hotels Group told Vibhas Prasad PTI. The upcoming properties will be in Varanasi, Dharamshala, Bhimtal, Mussoorie, Naukuchiatal and Jaipur, he added. About the investment, the company is planning for opening the upcoming hotels, Prasad said these would be largely under the asset-light model. So, the company will not be putting in money from its own pockets, but the owners will be putting somewhere to the tune of about 100 crores in total, for them. "We, over and above this, are looking at a few oth

Luxury hotels lead industry's faster than expected recovery post Covid

Occupancies and average room rates (ARRs) have seen a substantial jump, especially in luxury hotels and resort destinations, where they have breached pre-Covid levels.

Hotels see green shoots of recovery as the fear of the pandemic recedes

But recovery in average daily rates remains some distance away

Oyo launches self-onboarding tool for hotels to list in 30 minutes

Current onboarding time is 15 days. Oyo 360 tool provides a two-click platform for enrolment on its platform and offers three benefits of growth, partnership, and network