Page 12 - Tourism Sector

Sterling Holiday Resorts to have 5,000 rooms in its inventory by 2025

Sterling Holiday Resorts is looking to take the total numberof rooms in its inventory to 5,000 by 2025 as part of robust growth plans going forward, a top company official said. The company currently has over 2,400 rooms in over 35 resorts acrossIndia, including Sterling Nature Trails. "Sterling has aggressive expansion plans and aims to double its inventory from the current 2,400-plus rooms to 5,000 rooms by 2025. "In line with this, over the last one year, Sterling has opened resorts in Guruvayur, Thekkady and Rishikesh," Sterling Holiday ResortsChairman and MD Ramesh Ramanathan told PTI. For the upcoming resorts, several locations are on active search including Mysore, Udaipur, Jodhpur, Varanasi, Coorg and Kumarakom. Apart from this, we are keen on exploring options near Mumbai and along the coasts of Orissa, he added. When asked about the investment the company will be making for the expansion,Ramanathan said, "Our unique hybrid model enables us to expand using an asset light

From Marriott to MakeMyTrip, hotels and travel firms look for summer relief

Most hotels expect a marked improvement in the June quarter numbers compared to the December quarter

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

Lemon Tree, EIH: Good time to check into hotel stocks, say analysts

At the bourses, most hotel stocks have gained ground from their respective March 2020 low. ITDC, Lemon Tree Hotels, Indian Hotels, EIH and Taj GVK have rallied 56 per cent to 163 per cent since then

Focus on infra in Budget 2021 will help revive tourism sector: Tourism secy

The focus on the building of infrastructure will help improve connectivity for both domestic and international travellers, thereby helping the tourism sector to grow, Tourism Secretary Arvind Singh

Tourism ministry spent Rs 37 cr in 2019-20 to promote domestic tourism

The Ministry of Tourism has spent around Rs 37 crore in 2019-2020 to promote domestic tourism in the country

People are realising they can't stay locked forever: Sudeep Jain of IHG

In a Q&A, the Southwest Asia MD of the hotel chain says sentiment in the hospitality sector is improving with the reduction in the number of Covid-19 cases and vaccination drive

Maharashtra government issues coronavirus protocols for tourism sector

The SoP lays down that people above the age of 65, those with co-morbidities, pregnant women, children below the age of ten should stay home and venture out only for essential and health visits

The travel entrepreneur who beat the market downturn not once, but twice

Aloke Bajpai's firm Ixigo cut pay, but didn't lay off; He says 'honest communication' with staffers saw the firm bounce back during the 2008 Lehman crisis and the current pandemic-induced one

Revenge travel gains momentum but with caution; tourism sector optimistic

Goa, Kerala, Maldives and Dubai among the popular destinations

Rural tourism projects underway in Bihar, Kerala: Tourism Minister

The ministry of tourism has sanctioned two projects in Bihar and Kerala at a cost of Rs 125 crore under the Rural Circuit as part of its endeavour to take tourism to the villages of the country

Travel, tourism sector likely to lose Rs 5 trn due to Covid crisis: Report

The coronavirus pandemic has dealt a crippling blow to the Indian travel and tourism industry and the entire value chain linked to the sector is likely to lose around Rs 5 trn, according to a study

Tourism in dire straits due to Covid; needs urgent relief from govt: IATO

Industry body IATO on Monday urged the government to provide immediate relief to the tourism sector, which has been severely hit by the Covid-19 pandemic

Covid-19 pandemic turns summer into European tourism's leanest season

Bruges mayor Dirk De fauw first realised something was desperately wrong with European tourism

After hotels, banquet halls to be opened soon at half capacity: Tourism Min

Speaking at a webinar organised by the PHD Chamber of Commerce and Industry, the minister said the tourism sector has faced severe challenges due to the pandemic

CII seeks govt intervention for revival of Covid-hit tourism industry

Industry body CII has sought intervention and support from the government to ensure revival of the tourism industry, majorly impacted due to the Covid-19 pandemic

Hiring picks up 35% in June qtr from a low of -50% in April: LinkedIn

Top five in-demand jobs are software engineer, business development manager, sales manager, business analyst and content writer

Singapore's jobless rate jumps in Q2, nearing financial crisis peak

The overall unemployment rate climbed from 2.4% in the first quarter, moving within sight of a 3.4% peak hit during the global financial crisis of 2009

IT industry veteran Tiger Ramesh launches caravan tourism services company

The former CEO of CSS Corp has attracted cricketer Anil Kumble, international musician Vijay Prakash, TaxiforSure co-founder Aprameya Radhakrishna, IT honcho Phaneesh Murthy as investors