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CLARKS INN HOTEL
IHCL shares rise nearly 2% on plans to acquire 51% stake in ANK Hotels and Pride HospitalityIndian Hotels Company (IHCL) shares surged following the announcement of acquiring stakes in ANK Hotels and Pride Hospitality for ₹110 cror...
IHCL inks agreements to acquire 51% stake in ANK Hotels and Pride Hospitality for Clarks Hotels & ResortsIndian Hotels Company (IHCL) is set to acquire a 51% stake in ANK Hotels and Pride Hospitality for approximately ₹204 crore, adding 135 hot...
How temple tourism competes head on with beach tourismA boom in spiritual tourism is gathering strength in India. Tourism ministry data shows over 60% of tourism in India is in the religious an...
Hotels seek to cash in on religious tourism boomPilgrimage tourism has rebounded in the nation of multiple faiths after two consecutive years of Covid-induced curbs, prompting hotel compa...
Hospitality M&A deals to exceed $ 800 million in 2020: HVSIn its new report titled HVS India Hospitality Industry Overview 2019, the company states the hospitality sector witnessed an over 31% grow...
Priyanka is a leader who listens even to how others listenPriyanka’s husband Robert Vadra who had often posed in front of fast cars or in tank tops, images widely seen as beneath the Gandhi had mad...
- Kenya offers much more than just great African quadrupeds
Most people go to Kenya for a dekko of the great African quadrupeds; however you can find much more if you endeavour to.
- 'Budget' hotels forced to revise room rates upwards
Much like budget airlines, low-priced branded hotels too were forced to revise room rates upwards on the face of escalating real estate and...
- Budgeting hotels goes off-track
Experts expected that room rates of the five-star hotels will come down. Instead budget hotels have hiked room rates by around 12% in the l...
- New hotels may be built on revenue share model
The rules of the game are set to change for the hospitality sector. The government is working on a new policy as per which the realty aucti...
- Pilgrims may get tax-free lodging
The Budget may have a special package for pilgrims. The finance ministry has in-principle agreed to extend a five-year tax holiday to budge...
- Cash subsidy may check into budget hotels
It’s all about budget. The government might soon give cash subsidy to budget category hotels owing to shortage of rooms in the segment.
- No-frills hotels in India thrill with their human touch
The budget hotels in India outdo their counterparts elsewhere when it comes to human touch to their services.
- Hospitality giants get penny wise with budget hotels
The existing supply of budget hotels may not have kept pace with the increasing demand for budget hotels, but things could change soon. And...
- 'NCR market will lead retail realty development'
The National Capital Region (NCR) market will lead the retail real estate development in the country, with about 78 new shopping malls tota...
- Hotels make room for more
Hotels in India are thriving like never before with average room rates (ARRs) skyrocketing and the second quarter growth pegged at 35-40%.
- Malls add hotels to boost growth
The convergence of tourism and retail has a new dimension now with hotels being built inside malls.