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HOMI S AIBARA
Remembering Homi AibaraQualified as a chartered accountant, Aibara was a partner at the consultancy firm Mahajan & Aibara.- EIH’s big profit run: Company has made over Rs 400 crore in pre-tax profitIn the past three years, EIH has made over Rs 400 crore in pre-tax profit, while Indian Hotels and Hotel Leela Ventures have together piled...
- Rakesh Sarna: Man with an innovative turnaround plan for Indian HotelsFor the last 11 years, under Sarna’s predecessor, Raymond Bickson, Indian Hotels had embarked on a buying and building spree.
- Hotel industry pins hope on ModiThe industry is looking for a clearer direction on the visa facilitation, last mile connectivity, convergence of govt departments to work t...
- Luxury hotels hardsell suites to boost occupancy in slowdownHospitality experts said it made sense for luxury hotels to sell their suites that were otherwise lying vacant in a tough market.
- Hotels fear loss of business if IPL moves overseas, due to Lok Sabha electionsIPL has generated as many as 40,000 room nights for the sector in a usually lean second quarter each year, except in 2009 when the tourname...
- Dull season for hotels as weak rupee fails to boost tourist check-insDemand is barely keeping pace with the supply, except in a few markets such as Chennai and Hyderabad, and average room rates continue to be...
- Sluggish economy propels hotel rebranding, causing confusion and downgradesSeveral star hotels have been rebranded without too much notice in the past year alone, leaving guests and the trade confused.
- Global hotel chains check out of Indian joint venturesThe trend signals the growing disconnect between hotel owners and hotel managers over the running of operations and expected returns on inv...
- Hospitality revival spurs PE interestGlobal private equity and real estate funds are looking to check into mid-market hotels with occupancy and room rates in major markets pick...
- Hotel occupancies dip 30% in Apr-May as cos cut travelA cut in corporate travel, both domestic and international, could likely result in one of the worst quarters for the hotel industry, as mos...
- Realty blues hit foreign hotel majors' India plansInternational hotel chains like Hilton, Accor, Carlson and Starwood are concerned about the viability of their ventures. India's best hotel...
- Hospitality hopes for better infrastructureRising hotel room rates may be pinching consumers, but hospitality majors are not complaining.
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