Page 9 - Itc Hotels

ITC Q1 net profit rises 12.7% to Rs 3,436.51 crore, revenue up 6.35%

The performance comes at a time when demand from both the urban as well as rural economies has been sluggish

ITC takes Hotel Leela to NCLT over 'oppression' in JM ARC, Brookfield deals

ITC wants the appointment of an administrator to conduct and manage the affairs of Hotel Leela

Expect a strong price correction in Q4, says ITC Hotels' Dipak Haksar

The markets have shown growth, especially on the occupancy side

ITC to follow asset-light strategy for expansion of hotel biz: Sanjiv Puri

Move will help it scale up room capacity faster; will take total strength to 12,000 rooms in 131 hotels, from 9,500 rooms in 107 hotels at present

The good part is that the travel space is growing: ITC Hotels' Dipak Haksar

Company expects third and fourth quarters to be more buoyant on increased leisure, corporate travel

40 new hotels, 5,000 rooms: ITC strategy to strengthen hospitality business

Diversified firm ITC plans to open 40 new hotels, adding around 5,000 rooms over a period of time, as part of the strategy to strengthen its hospitality business, according to a senior company official. It is working on opening 10 new hotels in the next three- and-half years under its ongoing expansion programme across different verticals entailing overall investment of Rs 25,000 crore, ITC CEO & Executive Director Sanjiv Puri said. ITC's hospitality chain has nearly 100 properties under four brands -- ITC Hotels, WelcomHotel, Fortune and WelcomHeritage -- across 70 locations with around 9,000 rooms. "A total of 40 new hotels which will add around 5,000 rooms are in the pipeline," said another senior company official. These will include both company-owned as well as managed hotels, the official said without sharing a timeline for all of the new properties to become operational. In the near-term, however, Puri said, ITC has 10 new hotels in various stages of ..

ITC to set up 'My Fortune' hotel in Andhra's Guntur

It is expected to commence operations in 2019 & is aimed at attracting high end business travellers.

ITC renews 40-year partnership with Starwood Hotels

The contract is under Sheraton brand