CEO TAJ RESORTS REVEALS
Indian travellers, CXOs take to adventure trips Indian travelers are increasingly seeking adventure, with travel and hospitality companies noting a 30% year-on-year increase in demand for adventure trips. From biking tours in Malaysia's Penang to paragliding in Thailand’s Chiang Mai, the trend is...
21 Jun, 2024, 03.40 PM ISTM&M is wheeling big money into business. What is the plan? Mahindra & Mahindra had outlined a new strategy for the coming five years with a focus on capitalizing on its market leadership in segments like SUVs, tractors and pickup trucks while scaling its growth-phase businesses five-fold during this period.
18 May, 2024, 12.19 AM ISTIndian Hotels set to widen portfolio with deal for Tree of Life The Indian Hotels Company Limited (IHCL), backed by Tata Group, has broadened its brand portfolio by forming a 'strategic alliance' with Kolkata's Ambuja Neotia Group for Tree of Life Resorts & Hotels, which was recently acquired by the latter. Last...
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Getting down'n'desi in Davos India was certainly flavour of the week. Whether it was geopolitics, geo-economics or the two hot topics, sustainability and tech disruptions caused by generative AI, India scored well. PwC's 27th Annual Global CEO Survey launched at the forum highl...
22 Jan, 2024, 11.21 PM ISTAmbuja Neotia Group announces acquisition of Tree of Life Resorts & Hotels Kolkata's Ambuja Neotia Group has acquired Gurugram's Tree of Life Resorts & Hotels, a boutique hotel chain with 14 locations across India. This strategic move bolsters Ambuja Neotia Group's presence in the hospitality sector, adding 200 keys to its...
04 Nov, 2023, 09.59 AM ISTIndian hospitality sector in a strong upcycle: IHCL Speaking of the chain, Chhatwal said while IHCL was always 'iconic,' it has just added the words 'most profitable' to its vision. "IHCL continues to set new benchmarks for the industry every day. We have demonstrated a strong financial turnaround un...
30 Oct, 2023, 07.54 AM ISTMassive cybersecurity attack to cost MGM Resorts over $100 million MGM Resorts has disclosed that the recent cybersecurity attack it experienced will cost the company over $100 million. The attack forced MGM to temporarily shut down certain computer systems at its properties across the United States, causing disrup...
07 Oct, 2023, 03.23 PM IST'I was a drug addict & ill-tempered.' Naseeruddin Shah reveals Ratna Pathak's parents didn't approve of couple's marriage for 7 years Actor Naseeruddin Shah revealed he took seven years to marry his now-wife, actress Ratna Pathak, due to her parents' disapproval of him being a divorced drug addict. The couple first met when Shah saw Pathak perform in a play and was struck by love ...
19 Jun, 2023, 04.54 PM ISTOnly bad news is that Indian Hotels do not have more hotels in Delhi, Mumbai & Goa: Puneet Chhatwal Indian Hotels CEO, Puneet Chhatwal, anticipates a rise in healthy room rates and occupancy as demand for travel outpaces supply over the next two years. He anticipates growth in business travel recovery, as well as growth in the leisure industry. Ad...
28 Apr, 2023, 02.07 PM ISTGoogle challenges Delhi HC order on ADIF plaints; Cognizant says CEO Brian Humphries was sacked Google has moved the division bench of the Delhi High Court against the single bench order directing the Competition Commission of India (CCI) to decide on complaints challenging Google's new Billing Payment policy by April 26.
25 Apr, 2023, 07.34 PM ISTIHCL registers 321% jump in Q3 profit at Rs 404 crore IHCL reached a milestone of over 250 hotels and is in line with its vision of being a 300 hotel portfolio by 2025. In this financial year alone, 30 plus hotels have been added to the pipeline and 14 hotels have opened besides strong growth in ama St...
01 Feb, 2023, 06.12 AM ISTLuxury travellers are demanding sustainable tourism, and hotels are stepping up The concerns of travellers have expanded from pool and shopping to include climate change and local produce. The environment-conscious travellers are increasingly looking for a destination and stay that allow them to decrease their ecological footpr...
16 Oct, 2022, 05.12 PM ISTTaj Hotels targets aggressive expansion plans in next 2-3 years At present, the Tata Group runs three hotels in UAE; two each in the US, UK and Africa and eight in India’s immediate neighbourhood. Taj parent Indian Hotels Company Ltd (IHCL) currently has a portfolio of 242 hotels across brands, including 63 unde...
13 Aug, 2022, 12.26 PM ISTLord Mountbatten announced India's independence from the steps of The Taj Mahal Palace. Puneet Chhatwal, CEO of Taj Resorts, reveals India At 75 | Did you know? Lord Mountbatten announced India's independence from the steps of The Taj Mahal Palace. Watch as Puneet Chhatwal and ET Now's Nikunj Dalmia walk through the corridors of this iconic landmark.Lord Mountbatten announced Ind...
10 Aug, 2022, 06.25 PM ISTThomas Cook extends partnership with Vistara “With a strategic intent to target Vistara’s discerning customers, Thomas Cook & SOTC have handpicked premium global hotel brands including, Dusit Thani in Thailand, Armani Hotel Dubai, Angsana Ihuru and Banyan Tree Vabbinfaru in Maldives, etc,” sta...
11 Jul, 2022, 01.51 PM ISTTaj ranked as 'world's strongest hotel brand' by Brand Finance "Taj Hotels (brand value up 6 per cent to USD 314 million) is the strongest brand in the ranking with a Brand Strength Index (BSI) score of 88.9 out of 100 and a corresponding AAA brand rating," Brand Finance said in its report.
14 Jun, 2022, 07.45 PM ISTElon Musk, his mother Maye recall their Taj Mahal visit on Twitter, Paytm CEO Vijay jumps in with an invite for Tesla boss Maye also revealed that her parents visited the Taj Mahal from South Africa in 1954.
10 May, 2022, 06.09 PM ISTSetting 2019 plus 20% growth target is not unrealistic: Puneet Chhatwal, Indian Hotels “We need to trend not just ahead of what we did in 2019, we should look at 2019 plus 20% for the hotel industry in general and also Indian Hotels in particular going forward. That should be our extended goal or benchmark in light of the inflation th...
28 Apr, 2022, 02.36 PM ISTChecking In: Taj on the prowl, sets sight on Mubadala’s Viceroy Hotels IHCL has submitted an initial term sheet and is said to be looking to finalise the deal after completing due diligence and legal documentation. It would help the salt-to-software conglomerate expand its hospitality footprint acr- -oss key markets, e...
22 Oct, 2020, 09.42 AM ISTWelcome move to delink hotels from hospitals, now allow us to resume business: Hoteliers to Delhi govt In a tweet on Wednesday, Delhi chief minister Arvind Kejriwal said the government had attached some hotels to hospitals to increase the number of Covid beds, and in view of the improving situation in the capital and all hotel beds lying vacant for t...
29 Jul, 2020, 03.34 PM IST