RICH HOTEL
Top hotel chains expanding in the North East
Estimates shared by JLL with ET showed a sharp rise in branded new hotel signings in the Northeast in 2023 with about 1,230 keys signed, up from around 449 keys signed in 2022.
This isn’t Hotel California! Sebi’s new delisting rules signals maturity of Indian equity market
This week not only did we overcome a 17 year wait to get into the World Cup final, but we also overcame a waiting period of 19 years to gain freedom from RBB mechanism for delisting of a company.
Domestic 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.
Radisson 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 demand for quality hospitality experiences in tier two to tier five cities in India.
Infosys shareholding boosts British PM Rishi Sunak, wife Akshata Murty's rank in Sunday Times Rich List
British Prime Minister Rishi Sunak and wife Akshata Murty rise in the 'Sunday Times Rich List' to 245th place with GBP 651M wealth, notably from Murty's Infosys shares. Murty's earnings surpass Sunak's, boosted by GBP 13M in dividends. Indian-origin Hinduja family leads with GBP 37.196B wealth, as Sir Paul McCartney becomes UK's first billionaire musician.
Kimirica launches Vivah, India’s first fragrance of weddings
Choosing the perfect wedding gift is an art, and the Vivah Collection from Kimirica effortlessly masters it. Beyond being a fragrance, Vivah is a symbolic gesture, a gift that encapsulates the spirit of weddings.
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Thailand bats for a Schengen-like visa for South East Asia to lure rich tourists
Thailand's pursuit of a joint-visa program to attract long-haul tourists involves discussions with neighboring countries and strategic initiatives. The proposal includes visa extensions, reciprocal deals, and plans for casinos and event-based tourism to boost revenue and tourism.
Patels dominate US hospitality landscape, says Indian American author
Indian American author Mahendra K Doshi highlights the influential role of Patels in the US hotel and motel industry, tracing their origins to Gujarat. His book "Surat to San Francisco" explores their remarkable journey, documenting the rise of this community and its impact on the American hospitality landscape.
Boutique properties boom: HNIs showing great interest in exclusive properties for celebrations
According to travel industry experts and property owners, there is a growing demand for bulk bookings of entire boutique properties costing Rs 3 lakh per night to as much as Rs 10 lakh. Some are even using private charters for group travels. These bespoke holidays are either for exclusive reunions, celebrations or simply to enjoy leisurely getaways during long weekends, fuelling a trend of luxurious seclusion.
ITC Hotels expands presence in South India, signs Welcomhotel Madikeri
ITC Hotels signs management agreement with Narne Hotels to expand Welcomhotel brand in South India. The 150-key hotel in Madikeri, Karnataka showcases ITC Hotels' expertise in hospitality and regional cuisine. Madikeri offers green valleys, coffee plantations, spice trails, and the rare Neelakurinji flower.
In 2024, gilt returns may even exceed the index returns on equity: Ajay Srivastava
According to Ajay Srivastava, CEO of Dimensions Corporate, debt returns this year could be as good as index returns if the government reduces borrowing and the fiscal deficit, leading to a potential decrease in interest rates. Investors should embrace and invest in emerging tech companies and hotel stocks. He thinks people should keep buying and keep investing.
Tap into hospitality's new avatars
Hotel chains offering branded residences in India cater to the lifestyle demands of the uber rich, seek new revenue streams in established locations like metros, and expand into high-end retail and gatherings. Improvements in connectivity are opening up new areas for hospitality.
Oh, please do bring out the makeover potion
A once swanky hotel in Calcutta has witnessed a decline over the years. The memories formed there still attract visitors, albeit reluctantly. The hotel, once the place for the wealthy, has been overshadowed by competitors. Despite surviving and reaching an even keel, it is no longer considered a great place to stay. The hotel's stagnant state and lack of improvements have led to a decline in service and satisfaction. However, there is hope that the hotel may undergo a makeover to revive its former glory.
Hot Stocks: Brokerages view on Indian Hotels, Titan Company, Paytm and Dr Lal PathLabs
Goldman Sachs maintained a sell rating on Dr Lal PathLabs with a target price of Rs 2200. The company reported a subdued volume growth and the trend continues.
Hazbin Hotel's ‘Loser, Baby’: Where to listen? Decoding the lyrics
Hazbin Hotel, the bold adult animated musical comedy, has made a lasting impression with its unforgettable song "Loser, Baby." Presented in Season 1, Episode 4, titled "Masquerade," this musical masterpiece captures the essence of the series.
Another smallcap stock with Ayodhya connection rallies 38% in just 2 days
After ending Thursday's session with a 20% rally, Allied Digital Services stock rallied another 14.7% on Friday to scale a fresh 52-week high of Rs 196 on the BSE. The microcap's market capitalisation also crossed Rs 1,000 crore on Friday.
Radisson Hotel Group announces the opening of Park Inn by Radisson Ayodhya
Radisson said the hotel also provides amenities such as a swimming pool and a fully equipped gym for guests, besides a banquet hall. Vaibhav Kulkarni, General Manager, Park Inn by Radisson Ayodhya said the hotel would strive to provide not just a stay but a memorable journey for guests.
Radisson Group to open new hotel in Ayodhya ahead of Ram Temple consecration ceremony
Radisson Hotel Group is set to open Park Inn by Radisson Ayodhya, a hotel in the sacred city of Ayodhya, offering exceptional hospitality experiences. The hotel is conveniently accessible by car or taxi from Maharishi Valmiki International Airport and Ayodhya Cantt Railway Station. It is in close proximity to notable landmarks such as Ram Janmabhoomi Temple, The Hanuman Garhi Temple, and Sita ki Rasoi.
Lakshadweep becomes new keyword for investors. Smallcap soars 43% in 3 days
Praveg caught shareholder attention as it had last month received a work order for the development of operation, maintenance, and management of at least 50 tents at Lakshadweep's Agatti Island. The resorts at Lakshadweep will also offer commercial activities like scuba diving, destination weddings, corporate functions, etc.
Abhinandan Lodha Group plans Rs 2,000-cr luxury hotels in Ayodhya, Benares, Vrindavan
While several hospitality chains have signed pacts for properties here, there is no operational hotel in the luxury segment in Ayodhya yet. The new temple complex in Ayodhya has led to heightened infrastructure development and economic activities in and around the city. This is expected to boost not only tourism but also help the city emerge as a regional business and economic activity hub with improved connectivity.
The Taj Mahal Palace, Mumbai celebrates its 120th year
Puneet Chhatwal, managing director and chief executive officer of IHCL said founded by Jamsetji Tata in 1903 and nurtured by the 'visionary' leaders of the Tata Group, Taj, continues to be a 'legendary' symbol of timeless hospitality.
From stargazing to drag brunch, hotels wrap A-Z activities in Christmas and New Year packages
Indian hotels and restaurant chains are organizing a variety of experiential activities for guests as part of the Christmas and New Year festivities. Apart from the sundowners, there's stargazing, baking sessions, food trails, beekeeping, spa and salon treatments, even a drag brunch - and there's plenty more.
Modi's nudge: What a 'Vocal for Local' call for weddings of the rich means for economy
Prime Minister Narendra Modi has advocated for holding weddings within India to prevent money outflow and to support 'Vocal for Local' in his recent Mann Ki Baat radio address. Modi said the push for domestic celebrations and local purchasing in festive season resulted in over Rs 4 lakh crore in business during recent festivals. AS weddings mean mega business, holding the events in India may be a boost for the economy.
Super rich Indians looking for second homes help Dubai cement status as world’s busiest luxury property market
The number of sales for homes valued at $10 million or more reached a record 277 in the first nine months of the year, totaling $4.91 bn. Dubai's property sector is thriving due to the government's handling of the pandemic and liberal visa policies, attracting foreign buyers. The city's Palm Jumeirah was the most popular area for wealthy buyers, accounting for over half of luxury sales.
An 'octopus class' of nearly 10 lakh people drives consumption in India
Saurabh Mukherjea, along with his colleague Nandita Rajhansa, has coined the term "octopus class" to analyse the rise of this affluent class in India.
The Leela Palaces, Hotels and Resorts voted among the top 3 world's best hotel brands, thrice over
The Leela Palaces, Hotels and Resorts has been ranked #3 in Travel+Leisure's World's Best Awards Survey 2023. The Leela Palace Udaipur was featured in the 100 Best Hotels in the World and in the 5 Favourite Resorts in India lists.
Belmond Hotel Cipriani named 'Best Hotel in the World' by La Liste's top 1,000 world's best hotels
Helene Pietrini, the managing director of La Liste, identified the need for a comprehensive platform that presents hotels ranked from the best to the finest, taking into account factors beyond mere luxury. She emphasized that sustainability and uniqueness are increasingly vital to consumers, contributing to the highlighting of specific hotels on the list.
MNC job in Gurugram, hotel owner and then rich bachelor on matrimonial site. How he duped women
During interrogation, the person confessed to his involvement in this cheating and disclosed that after completion of his studies of BCA and MBA from Delhi, he worked as a HR professional in a MNC in Gurugram in 2018
Adele kicks off first night of postponed Las Vegas residency, thanks fans for 'coming back'
Singer Adele became emotional as she thanked fans for ‘coming back’ to the show at The Colosseum venue in Caesars Palace. She said the show looked just like how she imagined.
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