Page 3 - Indian Hotels

IHCL launches Claridges Collections, bets big on India's luxury market

"The happening place in the world is India, so international is not our focus," said Chhatwal, who revealed that he had done his internship at The Claridges back in 1982

India to become Marriott's 3rd-largest mkt in 5 years: CEO Anthony Capuano

India is currently the NASDAQ listed chain's fifth largest market

Tripura govt inks MoU with IHCL for development of Taj Pushpavanta Hotel

The Tripura government on Friday took a significant step in order to boost the tourism in the state by signing a Memorandum of Understanding (MoU) with the Indian Hotels Company Limited (IHCL) for the development of the Taj Pushpavanta Palace Hotel in presence of CM Manik Saha.The Taj Pushpavanta Palace Hotel is a five-star hotel with four exclusive rooms and a touch of the royal era.Taking to social media X, the CM in a post wrote, "A significant step towards boosting tourism in Tripura. Glad to be present during the signing of MoU between the Government of Tripura and Indian Hotels Company Ltd. (IHCL) for development of Taj Pushpavanta Palace Hotel.""This world-class 5-star hotel with four exclusive rooms & touch of royal era will be a milestone in the State's history, enabling the people from the world to know more about the Maharajas of Tripura," the post read.Earlier in the day, the CM flagged off district mobile forensic vans and stated that the initiative would aid in ...

Oyo founder Ritesh Agarwal explains why he cleans hotel washrooms

Speaking at the second edition of Mumbai Tech Week on March 1, Ritesh Agarwal highlighted the need for a mindset shift

Indian Hotels set to add another 'Taj' to Mumbai, to invest Rs 2,500 crore

The construction of the Taj Bandstand, which will house 330 rooms, 85 apartments, and convention spaces, is expected to commence in 2025

To boost voter turnout, Delhi shops, salons to offer special discounts

With the Delhi Assembly elections just a day away, the Chamber of Trades and Industries (CTI) has announced that salons and beauty parlours across the city will offer discounts ranging from 20 to 50 per cent to people who cast their vote. Apart from salons, various businesses, including shops, restaurants, hotels, malls, coffee shops, and dhabas, will also offer discounts between 10 per cent and 50 per cent to customers who vote. In a statement on Tuesday, CTI stated that around 500 salons and beauty parlours will provide these discounts on February 6, the day after voting. "The initiative aims to boost voter turnout in Delhi, where elections for 70 assembly seats are scheduled for February 5," it added. CTI Chairman Brijesh Goyal emphasised that this effort is meant to ensure a high voting percentage. "This initiative will encourage more people to cast their vote on February 5 and the voting percentage will increase," said Goyal. He said that more than 500 salon owners and makeup

OYO-owned flex space firm Innov8 raises Rs 110 cr at Rs 1,000 cr valuation

Funding will be used for acquisitions, technology and partnerships, says startup

Increase in room rates, higher occupancy to drive gains for Indian Hotels

Domestic tourism will get a boost from key sporting events, and events like Bharat Mobility Expo, Aero India, Pravasi Bhartiya Diwas, and Mahakumbh

Indian Hotels drops 4% on profit booking, rich valuations post strong Q3

Earlier in the day, the Indian Hotels share rose as much as 2.60 per cent to hit an intraday high of Rs 835 per share

Indian Hotels, Escorts: Ruchit Jain of Motilal Oswal picks stocks to buy

Stocks to Buy Today: Indian Hotels share price has turned up after breaking out from an bullish harami candlestick pattern on the daily chart

Eco Hotels expands into Bengaluru, to unveil 2 new hotels by early Feb

Eco Hotels and Resorts Ltd on Thursday said it has expanded into the Bengaluru market by opening a 60-room property and looks to make operational two new hotels in Kota and Nagpur by early next month. The mid-segment hotel chain in a statement said that it has achieved a major milestone and will be entering Bengaluru, the Silicon Valley city of India, with a 60-room property under the 'EcoExpress' brand. Eco Hotels is also gearing up to open two properties at Nagpur with 44 rooms and Kota with 63 rooms by the month-end or early February 2025, it said. The sustainable hospitality services provider said Baroda and Aurangabad hotels are undergoing interiors and will become operational soon. Through our expansion into fast-growing markets like Mysore, Nagpur, and Shirdi, we are strengthening our footprint as well as catering to the travel requirements of environmentally conscious hospitality, Vinod K Tripathi, Executive Chairman of Eco Hotels and Resorts said. The new openings align .

Hotel stocks hit record highs, driven by strong growth expectations

>> A 5x returns upgrade: Hotel stocks trump Nifty 50 >> Luxury margins boost: 100-150-bp hike likely

Customers likely to gain as high-end hotels get GST options on dining

The GST Council decided to suitably amend the CGST Act to link GST on restaurant services with actual room tariff provided by the hotel

Foreign arrivals in India likely to cross pre-Covid levels next year

As the Indian hospitality industry prepares to uncork the champagne to welcome 2025, it is gearing up to roll out the red carpet to foreign tourists, whose arrivals are likely to cross pre-Covid levels next year while looking to continue its significant contribution to the country's economy and make 'India inevitable'. The sector, which is poised to contribute USD 1 trillion to India's economy by 2047, however, is looking up to the government for policy interventions, such as unified licensing, workforce upskilling, and targeted infrastructure investments to enable the vertical meet demand generated by India's drive towards becoming the world's third largest global economy. "India aims to become the third-largest economy by 2047, and the hospitality sector is set to play a pivotal role in achieving this goal. The sector's multiplier effect on the economy surpasses that of manufacturing and agriculture," Hotel Association of India (HAI) President KB Kachru told PTI. Asserting that th

Sarovar Hotels bets big on highway properties; 80 projects in pipeline

Hospitality firm Sarovar Hotels is broadening focus towards highway hotels and resorts close to major cities, capitalising on the country's rapidly expanding roads network, a top official said. The hotel chain has 80 projects in the pipeline over the next few years as part of its expansion plan, he said. "Highway hotels and resort-concept properties close to cities, within three-four hour journey, are a new high-growth segment for hospitality, at a time when competition is getting intense in urban centres," Sarovar Hotels Chairman Ajay K Bakaya told PTI in an interview. He said this strategic shift aligns with the ongoing road infrastructure development in the country. Enhanced connectivity is opening up opportunities for leisure and business travel, creating demand for accessible and convenient accommodation options, he said. "We haven't seen such development of highways in the past. Around 10,000 km of national highways are being constructed annually, which is remarkable. It is

Delhi HC reserves verdict on plea against ban on eateries' service charge

The Delhi High Court on Friday reserved its verdict on the petitions by restaurant bodies challenging the guidelines prohibiting hotels and restaurants from automatically levying service charge on food bills. "Arguments heard. Judgement reserved," said Justice Prathiba M Singh. Federation of Hotels and Restaurant Associations of India (FHRAI) and National Restaurant Association of India (NRAI) moved court in 2022 by filing two separate petitions. The guidelines, issued by Central Consumer Protection Authority (CCPA) on July 4, 2022, were stayed by the high court later that month. The counsel for FHRAI, in his rejoinder submissions on Friday, asserted the CCPA had no power or jurisdiction to impose such a ban, without following the principles of natural justice. "Merely holding a meeting with the industry body is not in compliance of natural justice," he said, "the guideline could only be advisory in nature". He said the service charge was levied on customers for the benefit of th

Indian mid-segment hotels enjoy competitive edge against int'l peers

Flexible contracts with suppliers and access to cost-effective cloud solutions are giving home-grown mid-segment hotel brands a competitive edge against international counterparts in India, according to a whitepaper by cloud-based hospitality technology solutions provider Hotelogix. According to the whitepaper, home-grown mid-market brands with small inventory can experience rapid growth in tier II, III, and IV cities, as it is exceedingly challenging for international brands to establish operational capabilities in those areas where 80-85 per cent of demand is domestic. India's home-grown mid-segment hotel brands control about 60 per cent of the total branded rooms available in the country, it mentioned. These domestic mid-market brands have also begun exploring management contracts and franchise models as a growth strategy, providing a significant competitive advantage over international chains, it said. Being Indian brands, they understand local people, culture, and tradition ..

Premium valuations likely to cap upsides for Indian Hotels' stock

The company expects revenue per available room (RevPAR) growth to remain strong, with like-for-like RevPAR to grow in high single digits

Indian Hotels, Federal Bank, Coforge from BSE Midcap index hit record highs

Shares of Coforge hit a new high of Rs 8,236.95, gaining 3%, and zooming 71% in six months, on a strong growth outlook.

Better demand trends upgrade Indian Hotels Company to profit suite

Management credits demand-supply gap, shifting demographics for hitting the 'suite spot'