Taj brand aims at larger presence in the east, Neotia says being persuaded to look at North East too
Indian Hotels is headed toward Rs 135 with a trendline breakout. IRCTC, too, looks good on the charts.
Cost cutting initiatives by Indian Hotels, EIH helps restrict loss at the operating level
The palace, currently run by JLR, will be offered to bidders on a long-term management contract
Urge infra status for hotels worth over Rs 25 crore, lower GST and income tax rates
Qmin has served over 20,000 meals till date for weddings, board meets and summits, has expanded presence in 13 cities, delivering from across 27 hotels
This and three other properties being developed by the Kolkata-based Group will enable IHCL to double the number of rooms to 2,000 in four years in a strategically important region for the company
Recovery still far away; blended average occupancy up 28-30% in current quarter from 18-25% in three months to September
Its consolidated total income stood at Rs 323.54 crore for the quarter under consideration. It was Rs 1,028.57 crore for the same period year ago, it added.
Only about 50 per cent of the regulars are back, says the club staff
EIH's successful rights issue to help firm reduce debt substantially, paves way for more companies to actively consider fund raising
The stock of Indian Hotels has recently bottomed out near 90 levels and has picked up momentum to improve the bias
Majority of hotels do not meet the eligibility criteria of the RBI-appointed panel
Operations permitted in first week of the month, say restaurant bodies
IHCL plans three-fold increase for its homestay properties
But the celebrations remain scaled down owing to pandemic-related restrictions
Hospitality may take three years to revive, say hotel chains
Even though occupancy levels across the brands have started inching up, the pain for India's hospitality sector is expected to linger on owing to restricted movement
Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 81 per cent in Q2 2020 compared to Q2 2019
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.