WELCOMHOTEL BRAND
ITC Hotels witnessing growing interest among property owners to partner with its brand : ITC Annual Report
ITC Hotels' strategic expansion across diverse segments led to significant revenue growth, surpassing Rs 1000 crore in Segment EBITDA and witnessing a remarkable 39% increase in Segment PBIT.
ITC exploring hotel business expansion opportunity in Nepal, Sri Lanka, Middle East
Chairman and managing director Sanjiv Puri said ITC is looking to add more than 70 hotels over the next five years in India, mostly through management contracts. Its next greenfield hotel property will open in the coastal city of Puri in Odisha.
Delhi hotels far from being able to benefit from rising big-ticket events business
Ayush Dabas, owner of Welcomhotel by ITC Hotels in Dwarka, Delhi, is eager to expand his property's facilities to meet the increasing demand for MICE events. However, existing norms make it unfeasible for hotels to increase their floor area ratio (FAR) due to restrictions on parking and ground coverage. This limitation, coupled with high FAR rates for hotels compared to commercial establishments, has hindered the growth of hotel supply in Delhi.
ITC Hotels plans to add 70 properties in five years: CEO
ITC Hotels aims to bolster its portfolio to 200 hotels within the next five years, up from the current count of 130, by introducing properties across its brands. This expansion is geared towards seizing opportunities in both business and leisure travel sectors in India.
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.
Demerger not to affect synergies between ITC's other businesses and hotels, says analysts
The proposed demerger of the hotels division of ITC into a separate entity will not affect synergies with other business lines of the conglomerate, according to analysts. The board of ITC on Monday accorded in-principle approval to demerge its hotels business into a new entity to be listed pursuant to a scheme of arrangement.
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Hotels seek to cash in on religious tourism boom
Pilgrimage tourism has rebounded in the nation of multiple faiths after two consecutive years of Covid-induced curbs, prompting hotel companies and service providers to build new and premium facilities at religious sites traditionally known for spartan accommodation.
ITC plans to add 3 properties under Welcomhotel brand
The firm will be opening a 46-key hotel in Manali in a few months, it added. The company will also open a hotel in Dehradun under a management contract with Unique Hotels and Restaurants. The existing property is in the process of being converted into a 78-key hotel.
ITC Hotels partners with Jolle Hospitality to expand footprint in south India
Located in the industrial area of Kakti, off NH-4 on Pune-Bengaluru highway, the property is just 10 kilometres from the popular tourist spot Belagavi fort and easily accessible from India's first private aerospace special economic zone (24 kilometres), and Belagavi Airport (20 kilometres).
Hotels get a makeover as demand picks up
Hoteliers said the pandemic acted as a catalyst for rebranding opportunities, with a swelling list of asset owners approaching brands to manage their hotels or considering shifting to rival brands. The activity is likely to gain momentum as the market evolves, they said.
ITC Hotels plans to launch over 20 properties in two years, says divisional chief executive Anil Chadha
He said ITC Hotels is also evaluating its overseas expansion and considering the Middle East market. "We are trying to see how we make an entry there, and with which brand," he said. "Be it Sharjah, Dubai, or Ras Al Khaimah, the Middle East has got great potential. We have a collection of brands now, and we can provide diversified customer experiences across brands. We will also have to see when things settle down in Sri Lanka."
Again, ITC fills room with scent of a hotels demerger
Addressing shareholders in the company’s 111th annual general meeting held virtually on Wednesday, Puri said the plans to unlock value for the hotel business were put on the hold due to the pandemic since the industry was badly impacted. “We will take it forward in line with industry recovery dynamics,” he said.
Legacy Indian hotel chains are taking a page out of the global playbook
Traditionally, Indian Hotels Company (Taj), EIH (Oberoi & Trident) and ITC Hotels grew by building and managing properties of their own. Growth was perceived as risky and slow, but that was the popular model back then. But, over the past few years, these companies are looking at ways to drive revenue growth through income from managing hotels.
I am excited, charged up and optimistic about ITC for next 3 years: Sanjiv Puri
“It is important that we have very clear standards on what ESG is. Today that very basic definition is missing and that is why we are also hearing binary views. We are hearing about green washing and so on and so forth. That needs to be corrected and we need to have clarity and uniformity on what we are doing for ESG; but as an element yes, ESG is important and ESG must form the centre of corporate strategy, it cannot be a bolt-on affair.”
Indians shrug off Omicron scare, head to hills and beaches to welcome 2022
Vista Rooms cofounder Amit Damani said, "We are sold out for New Year's eve across destinations. From Kasauli, Mussoorie, to Lonavala, Goa and Alibag, the demand has been really high. Any cancellations that we got were offset by more demand from last-minute bookings, as city night life was hit by curbs."
Indians travel in big numbers to ring in the new year despite Omicron scare, spike in cases
Travel platform ixigo said it was seeing a substantial uptick in last minute search queries for travel in the last week of December. Search queries for Goa, Andaman and Nicobar and Udaipur had gone up by 75%, 78% and 71% respectively compared to the same time last year on the platform. A spokesperson for an Indian luxury hotel chain said its hotels in Udaipur, Corbett and Goa were doing 'great' business.
ITC to foray into boutique lifestyle hotel segment with new brand
The conglomerate is also diversifying its flagship tobacco business into manufacturing of nicotine and nicotine salts primarily for export to the US and European Union markets.
ITC to expand Welcomhotel brand to 25 hotels
The brand opened two properties in a span of six months. Welcomhotel Tavleen Chail was unveiled on Thursday and Welcomhotel Shimla about six months ago. And Welcomhotel Ahmedabad and Welcomhotel Port Blair were relaunched in March quarter.
ITC Hotels launches Welcomhotel in Shimla
ITC Hotels said aligning with its 'Responsible Luxury' philosophy of conservation of resources, all the grey water at the property will be treated in-house and used for horticulture.
Travel companies, hotels launch new offers to boost sales
From Special Bubble holidays which promise end-to-end tailored services to 72-hour flash sales offering complimentary nights and up to 40% off at select five-star hotels, more promotions are being rolled out by chains and travel companies as the holiday season approaches.
After sealing a deal with Swiggy, ITC Hotels announces food partnership with Zomato
The hotel chain said Zomato, as an online aggregator, will not only enable ‘contactless’ deliveries on all pre-paid orders, but will also provide customers the option of takeaway menus via this platform. ITC Hotels said the association with Zomato strengthens its pan India distribution footprint for home delivery and takeaway.
WelcomHotel Amritsar is Punjab's first LEED Platinum certified hotel: ITC Hotels
ITC Hotels said Welcomhotel Amritsar received the rating for energy efficiency by using 33% less energy, reducing the water consumption by 46%, developing a rain water harvesting capacity of 30% of the peak rainfall, and reducing the cooling demand with over 75% of roof area covered with high solar reflective index tiles besides other sustainable initiatives.
ITC continues to work with a 'growth mindset' amid slowdown: Sanjiv Puri
Puri said having entered 12 new FMCG categories in last five years, ITC is now focussed on scaling up some of these categories rather than adding newer ones.
ITC to add 3000 rooms under Welcom brand in 5 years
The new WelcomHotel properties will come up in places like Corbett, Chennai, Chail, Ahmedabad and Puri. Under the WelcomHotel brand, the company currently has 14 hotels with 1,700 rooms, including both owned and managed.
ITC restructured the WelcomHotel brand to make it more contemporary: Sanjiv Puri
ITC Ltd executive director Nakul Anand said the company’s joint venture subsidiary in Nepal, Surya Nepal, is going to build a WelcomHotel brand property there.
ITC Hotels to focus more on upper upscale brand WelcomHotels
Besides WelcomHotels, ITC Hotels, which has over 100 hotels across brands, will launch a luxury property in Hyderabad in April this year.
ITC says 40 new hotels with 5,000 rooms in pipeline
ITC's hospitality chain has nearly 100 properties under four brands -- ITC Hotels, WelcomHotel, Fortune and WelcomHeritage -- across 70 locations with around 9,000 rooms.
Sanjay Sethi likely to be CEO of ITC hotels
Sethi has a diploma in hotel management from the Institute of Hotel Management Delhi. In December 2015, ITC appointed Dipak Haksar as the CEO of ITC Hotels.
ITC Hotels to get its first five-star property in Goa
The 199-room, five-star deluxe hotel, which had a third of its rooms renovated in October last year, is managed by US headquartered Wyndham Worldwide.
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