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ABHIJIT UMATHE
Hotels lose out on corporate meeting profit after SC's liquor banBusiness events and conferences scheduled in hotels and resorts close to highways are getting cancelled and even moving to other countries.- Food and beverages accounts for bigger slice of hotel revenue pieWhile F&B operations have always been a critical function at behemoths like ITC and Taj, chains like Lemon Tree said F&B’s contribution to ...
- Dwindling additional supply to lead to better occupancies, Revpar ratesCompanies such as Carlson Rezidor are also expecting an increase in occupancies and room revenue this year. “All our budgets are about 10-1...
- Fewer new projects may serve hotels wellIndia added about 7,500 rooms last year, compared with annual inventory increases of about 12,000 over the past three to four years, accord...
- Luxury hotels better off this year than in 2015: ExpertsThe market-wide occupancy in the luxury segment grew by 1-2% and the increase in revenue per available room was about 3-4%.
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