CEO TAJ RESORTS REVEALS

India's real estate sector has surged, boasting 36 homegrown companies valued at $1 billion or more, surpassing China in this regard. The growth, outlined in the 2024 GROHE-Hurun India Real Estate 100 report, highlights the sector's robust expansion...

India has surpassed China in the global real estate sector with 36 billion-dollar companies, a significant increase from just 7 six years ago. Mumbai leads with 33 companies, followed by Bengaluru and New Delhi. DLF is the most valuable, with Adani ...

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...

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.

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...

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...

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...

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...

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...

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 ...

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...

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...

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...

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...

“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...

"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.

Maye also revealed that her parents visited the Taj Mahal from South Africa in 1954.

“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...

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...