HOSPITALITY INDUSTRY
Banking stocks lift Sensex, Nifty to new heights in July opening D-Sreet closed on a positive note on Monday, with the S&P BSE Sensex gaining 443.46 points to settle at 79,476.19. The broader Nifty index also rose, adding 131.35 points to close at 24,141.95. The banking sector showed particular strength, with the...
01 Jul, 2024, 04.21 PM ISTKKR set to acquire Kerala's Baby Memorial Hospitals, make a comeback in hospital segment KKR & Co plans to acquire a 70% stake in Kerala's Baby Memorial Hospital (BMH) for $300 million, marking its return to the Indian hospital sector. BMH, with 500 beds and expansion plans, is among Kerala’s largest hospitals. This move aligns with KKR...
01 Jul, 2024, 01.08 PM ISTD-St smashes records yet again: Sensex zooms 621 pts, Nifty scales 23,869 on RIL, ICICI Bank rally Of the 16 sectoral indices on the NSE, 9 ended in the green with the Nifty Oil & Gas index ending up as the top performing index with 1.4% gains. It was followed by Nifty Private Bank index and Nifty Bank. Among the laggards were Nifty Auto, Nifty M...
26 Jun, 2024, 04.30 PM IST- ADVERTISEMENT
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26 Jun, 2024, 11.33 AM ISTDemand momentum to sustain in travel industry for 4-5 yrs: Thomas Cook's Madhavan Menon The travel industry is expected to continue growing at a steady pace for the next four to five years, according to Madhavan Menon, executive chairman of Thomas Cook (India). Menon believes that the increasing purchasing power of people who can affor...
24 Jun, 2024, 11.06 AM ISTArjun Baljee appointed president of Royal Orchid Hotels Arjun Baljee appointed as president of Royal Orchid Hotels, leading the company's growth from 2 to 10 hotels. Chander K Baljee, chairman, praises Baljee's leadership for future expansion plans.
20 Jun, 2024, 06.13 PM ISTHospitality industry faces huge talent crunch; to add a million jobs in next few years, say experts The surge in tourism post the pandemic has catalysed an unprecedented increase in hospitality hiring, particularly in entry-level apprenticeship and trainee positions, Randstad India said, adding that the sector has witnessed a remarkable growth of ...
19 Jun, 2024, 10.01 PM ISTTaj reclaims crown of world's strongest hotel brand Indian Hotels Company (IHCL), the largest hospitality company in India, announced that its iconic brand, Taj, has reclaimed its title as the World's Strongest Hotel Brand according to Brand Finance's 'Hotels 50 2024' annual report. The report recogn...
12 Jun, 2024, 04.25 PM ISTHot Stocks: Brokerage view on HDFC Bank, Apollo Hospitals & Zomato; BofA upgraded M&M Brokerage firm Macquarie maintained an underperform rating on Zomato and Apollo Hospitals. BofA Securities recommended a buy on HDFC Bank and upgraded M&M to a buy.
31 May, 2024, 10.21 AM ISTHospitality beyond the usual hotspots India's hospitality industry is expanding its tourism portfolio, despite limited availability in urban areas. The country's geographical diversity has limited tourism potential, putting strain on existing infrastructure and leaving many areas unders...
27 May, 2024, 10.45 PM ISTAster to invest Rs 250 crore in CMI Hospital, to upscale to 850 beds Aster DM Healthcare announced a major expansion plan for Aster CMI Hospital in Bengaluru, increasing its bed capacity from 500 to 850 beds with a 300,000 sq ft infrastructure expansion. With a total of 1602 beds, the company strengthens its presence...
27 May, 2024, 02.38 PM ISTStayVista launches new luxury venture called Vieda The company said the menu at Vieda properties will be crafted by the country’s best chefs, and will offer 'unlimited' meal options. Vieda by StayVista will launch with one single celebrity-approved home in Alibaug called Magnolia Villa.
23 May, 2024, 08.27 PM ISTDomestic travel, tourism sector ready to capitalise on upcycle: IHCL MD Puneet Chhatwal Indian Hotels Company Ltd Managing Director and CEO Puneet Chhatwal discusses the company's plans to capitalize on opportunities in the travel and tourism sector, targeting Tier II and Tier III markets and foreign tourist arrivals.
23 May, 2024, 05.07 PM ISTIndian origin hotel investors increasing in overseas markets Accor opened Raffles London at The OWO, London’s most expensive hotel owned by the Hinduja Group, expressing gratitude to the Hindujas for the partnership.
22 May, 2024, 11.47 PM ISTHotel industry clocks 11 pc annual growth in revenue per available room during Jan-Mar: Report India's hotel industry saw an 11% rise in revenue per available room in Q1 2024, with Chennai leading at 21.7%. The growth was driven by an 8.5% rise in Average Daily Rate, fueled by corporate travel, weddings, and MICE demand.
22 May, 2024, 03.21 PM ISTRadisson Hotel Group signs strategic partnership with NILE Hospitality for growing Park Inn & Suites by Radisson brand Radisson Hotel Group partners with NILE Hospitality for strategic expansion of Park Inn & Suites by Radisson in Rajasthan and Gujarat. Nikhil Sharma and Vikram Singh Chauhan express enthusiasm for the partnership, aiming to cater to the growing dema...
22 May, 2024, 01.18 PM ISTIHCl aiming for double digit topline growth this fiscal: IHCL MD and CEO Puneet Chhatwal IHCL aims for double-digit growth, plans 25-30 hotel openings this fiscal. It will launch hotels overseas but focus on India. Chhatwal, MD and CEO, says FY2025 will be a 'breakthrough year' for international expansion, with a primary focus on the In...
29 Apr, 2024, 11.17 PM ISTHospitality organisations investing in employees through industry certifications: ISH co-founder Hospitality organisations are investing in their employees through industry certifications along with diversity and inclusion training, Indian School of Hospitality Managing Director Kunal Vasudeva has said.
19 Apr, 2024, 01.13 PM ISTBrij Hotels plans 50 boutique properties The Delhi-based company, which recently secured $4 million (about Rs 33 crore ) in series A funding, currently operates eight properties and aims to add three–four properties in 2024-25.
01 Apr, 2024, 08.39 AM ISTIndependent & global hotels find they need each other For big chains, new franchise agreements from conversions keep investors happy by opening new hotels in the short term. Meanwhile, independent, unbranded hotels like switching to franchise agreements because it gives them greater access to potential...
26 Mar, 2024, 12.29 AM IST