Page 6 - Indian Hotels Company

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

Hotel stocks on a roll; Indian Hotels, Chalet, EIH surge over 10%

Easing of travel related restrictions, coupled with pent-up vacation demand, seems to the driving force behind a sharp surge in hotel shares

Indian Hotels to raise Rs 3,000 cr via rights issue for capex, pruning debt

Tata Group's hospitality arm has been using rights issues for fund raising regularly. It raised Rs 1,500 cr in April 2017, Rs 1,000 cr in January 2016 and Rs 844 crore in Feb 2008

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 ..

United Breweries, Indian Hotels: RBI policy fires up hotel, liquor stocks

In order to mitigate the adverse impact of the second wave of the pandemic on certain contact-intensive sectors, a separate liquidity window of Rs 15,000 crore is being opened till March 31, 2022

Indian Hotels hits 52-week high; up 26% in a month on demand recovery hope

The company is hopeful of demand recovery in the US and the UK in the next three to four months with the Covid-19 situation coming under control

IHCL, chef Sanjeev Kapoor, Jose Andres offer meals to healthcare workers

Kapoor and WCK have partnered with Indian Hotels Company (IHCL) for its MealsToSmiles initiative

Analysts see demand revival, earnings comfort in Indian Hotels stock

Analysts also expect IHCL to maintain a valuation premium to peers due to its strong brand, which would aid pricing and occupancy levels

Recovery play? Brokerages see up to 40% upside in this Jhunjhunwala stock

Shares of Indian Hotels Company have rallied 105 per cent from its 52-week low levels hit in May last year

The Chambers: Refurbished members-only club at Taj hotel reopens today

Originally opened in 1975 at the Taj Mahal Palace in Mumbai, The Chambers came to Delhi in 1982

Indian Hotels starts South Asia's first all women-managed luxury residences

Initiative at the Taj Wellington Mews, Chennai, comes ahead of Women's Day; property will also generate employment locally

A business hotel for that great weekend getaway with your family and Fido

WFH and travel paranoia during Covid-19 have lowered occupancy in these hotels, forcing them to offer alluring rates as low as Rs 5,000 a night with meals to leisure customers

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The chart looks attractive for further upside movement in SPARC with the RSI indicator also showing a trend reversal

Manish Gupta appointed chief executive officer of TajSATS Air Catering

Hospitality major Indian Hotels Company Ltd (IHCL) on Thursday said Manish Gupta has been appointed as the chief executive officer of TajSATS Air Catering Ltd.

Indian Hotels to acquire remaining stake in ELEL from Nanda family

The buyout will make IHCL, the 100% owner of Sea Rock Hotel

How Indian Hotels is unlocking the potential of its non-hotel brands

To lend a sharper focus to the non-hotel brands, two years ago, the hospitality arm of the Tata group, regrouped them under an umbrella brand called Expressions

International Women's Day: India Inc vows to promote gender diversity

From financial services to manufacturing firms, corporate leaders are taking steps to ensure diversity and inclusiveness

Market Wrap, March 5: Sensex gains 61 pts; Nifty at 11,269

On the sectoral front, PSU banks and FMCG stocks made decent gains while realty, metal. and media counters suffered losses

Hotel stocks: Good room for gains as demand-supply scene turns favourable

Strong occupancy rates and muted increase in new rooms to keep the demand-supply scenario favourable for the next 5 years; top listed players to benefit more

Indian Hotels soars 6% as it logs highest margin in 10 yrs for Sept quarter

The Tata Group company reported a consolidated net profit of Rs 71 crore during the quarter, against a net loss of Rs 5 crore in a year-ago period.