Page 11 - Indian Hotels

Indian Hotels to acquire remaining stake in ELEL from Nanda family

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

Maharashtra hotels reopen, but no room for error amid Covid-19 crisis

Staycations, discounts on offer to lure guests back; hotels to follow mandatory norms such as masks for all, social distancing

Majority of hotel operators expect up to 2 years for revenue recovery: JLL

According to the survey, only 20 per cent of the operators believe that their hotels could bounce back to 2019 RevPAR levels within 6 to 12 months

Survival during pandemic: Hotel industry is betting on staycations

Fearful of flying and wary of a second wave, travellers are taking to their cars and heading for resorts, spas and even motels

Indian Hotels: Despite cost cuts, low occupancies make operations unviable

The situation post March has turned for the worse with occupancies (quarantine, medical staff) at around 20 per cent levels, indicated analysts

Tata group's IHCL to foray into home delivery of food and beverages

The Tata group's hospitality arm posted an over 24 percent jump in net profit for the year ended March at Rs 363.74 crore, as compared to Rs 296.12 crore in the previous fiscal.

Indian Hotels' Q4 consolidated profit before tax drops 69% to Rs 58.1 crore

Its consolidated net profit at Rs 76.29 crore was down 37.75 per cent. It posted a net profit (PAT) of Rs 122.56 crore for the corresponding period of the previous fiscal.

Unlock 1.0: Hotel stks rally up to 19% as operations to resume from June 8

Indian Hotels, Chalet Hotels, EIH, TajGVK Hotels & Resorts, EIH Associated Hotels and Shopper Stop were up in the range of 10 per cent to 19 per cent on the BSE in the intra-day trade.

India's top hotels will now deliver meals at lower rates amid lockdown

With social distancing becoming the new normal, hotels such as Indian Hotels, Marriott, Grand Hyatt and Accor Group Hotels are ensuring their meals reach the doorsteps of guests.

Airlines, hotels stare at uncertain future amid coronavirus spread: CARE

The aviation industry, which includes airports and their vendors and suppliers, might not fully recover soon from the impact of the coronavirus disease (Covid-19) pandemic.

Edible oil demand to decline during March-April due to Covid-19 lockdown

Hotel, Restaurants and Cafeterias (HoReCa) segment accounts for 40 per cent of the country's total edible oil demand at 230 lakh tonnes annually

Coronavirus outbreak: Hotel stocks likely to see earnings downgrades

Hotel stocks are under pressure because the coronavirus outbreak could impact occupancies and, thus, drive down room tariffs

Indian Hotels slips 18% in 1 week on growth concerns; stock hits 17-mth low

Hotel industry's performance this fiscal has been impacted by various factors, including Jet Airways shutdown, general elections, protests, and lack of demand due to general slowdown

Odisha's foreign tourist income soars 68% in 6 years on increased spending

The survey report says earnings from domestic tourists rose 54 per cent from Rs 10,288.6 crore to Rs 15,855.55 crore in the period under review

Tata's IHCL plays catch up with Marriott, plans to open 1 hotel each month

The new destinations that will be opened include the Taj Fateh Prakash Palace in Udaipur, the Devi Ratn in Jaipur and the Taj Convention Center Goa, in central Goa

Indian Hotels to VIP, 10 small and midcaps that may perform well in 2020

Stocks in the list meet the criteria of at least 15 per cent growth in earnings as well as returns over the next year

Hotel Leelaventure, TAJGVK, Lemon Tree jump up to 15% on GST rate cut hopes

Hotel Leela and TAJGVK Hotels were up 15 per cent and 11 per cent, respectively, while Royal Orchid Hotels, Oriental Hotels, EIH and Lemon Tree were up in the range of 3 to 5 per cent.

Indian Hotels Company plans 10 more Taj-branded luxury hotels by 2020

IHCL Chief Executive Officer (CEO) Puneet Chhatwal said by 2020, the company would open 10 new luxury

IHCL to step up presence in international markets

Buying such a firm will not only be more viable financially but will also help IHCL give a better toehold in a new market

GIC, Tata Group's Indian Hotels partner to invest $600 million in India

The strategic partnership will extend the Indian company's presence at the top-end of the market.