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INTERCONTINENTAL CONSULTANTS
DS Group to hike investment in hospitality segment to Rs 1,500 cr: Vice-Chairman Rajiv KumarDS Group is boosting its hospitality investment to Rs 1,500 crore. The conglomerate plans to double its room count ahead of its 2029 target...- Ex-military officers defend Great Nicobar push, reject Rahul Gandhi’s concernsRetired military officials are backing the Great Nicobar Project. They counter allegations of land grabbing and corruption, highlighting it...
- Trump’s Golden Dome plan under pressure as funding gaps and Congress pushback cloud missile defence projectPresident Donald Trump's ambitious Golden Dome missile defence system faces significant hurdles. Concerns are mounting over its massive cos...
- Consultants urge govt to allow local deals involving foreign currencies via RBIConsultants and service providers are urging the government to avoid routing domestic deals involving foreign currencies, such as dollars, ...
- US nuclear-powered submarine arrives at S Korea's Busan port -YonhapA U.S. nuclear sub, USS Missouri (SSN-780), docks in Busan after the U.S.-South Korea Nuclear Consultative Group meeting. Both nations affi...
- US, South Korea to draw up joint nuclear defence guideline against North Korean threatThe US and South Korea aim to establish joint nuclear defense guidelines by mid-next year, crafting strategies to counter North Korea's nuc...
- Stop routing foreign currency transactions via US to avoid fees: ConsultantsA transaction fee is currently levied on transactions in US dollars done from one exchange earners foreign currency account to another with...
- US, Japan, South Korea to hold missile defence exercises to deter North Korea threatThe representatives from the three countries "urged the DPRK to stop all destabilising activities immediately" and "reaffirmed that a DPRK ...
- US postpones ICBM test due to heightened tensions with China over Pelosi's visit to TaiwanThe decision to postpone the test flight of an unarmed Minuteman III intercontinental ballistic missile this week comes as China's People's...
- Sanctions, Opec cuts push Asia’s sour crude prices above BrentUS sanctions on Venezuela suddenly halted its crude exports to the United States last month.
- Movenpick may exit sole 5-star property in bengaluruMovenpick is a premier business hotel world over, based on a Swiss hospitality theme. In India, it positioned itself as a five-star.
- International hotel chains like Marriott, Starwood looking to scale up properties in IndiaGlobal chains seek to widen their presence to strengthen negotiating position with online travel agencies and take on new-age disruptors su...
- Navi Mumbai next stop for hotel majorsRising commercial activity and the international airport plan gathering momentum have led to Navi Mumbai emerging as the next stop for hote...
- Luxury hotels shift focus to mid-market brandsWhile a luxury hotel costs at least Rs 1 crore per room, a mid-market brand can be constructed for around Rs 30-35 lakh per room.
- 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...
- Hotel chains like Leela, Lemon Tree, Accor, IHG go for management deals over investment in propertiesHotel chains, both global and Indian, are increasingly opting for management contracts rather than to invest in properties in the country.
- Deals like InterContinental-Duet India, APG-Lemon Tree signal growing interest of investors in budget category hotelsIndia’s hospitality industry has witnessed three deals in the mid-market and budget hotels category in the last one year, signalling the em...
- International hotels use loyalty programmes to lure customersTravel aficionados appear to have strong allegiance to their favourite hotel brands, as they claim longer associations with hotel loyalty p...
- Green channels set to become highway for fast goods transferThe move is aimed saving time and cost of transporting goods on highways by introducing online system to verify vehicle details and check i...
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