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KAUSHIK VARDHARAJAN
Hotel owners opt for mixed use projectsThe Hilton chain is trying to create higher value for its owners and more fruitful experiences for its guests through the integrated develo...- Travel Companies, hotels cashing in big time on spiritual tourismA company survey reveals the latest trend among Indians to be looking for a preplanned, organised and comfortable spiritual travel experien...
- Global hotel chains like Hilton, Hyatt upbeat on GST despite high tax cardChains such as Hilton said they are taking a comprehensive approach to prepare for the new tax reform, putting in place back-end systems fo...
- Growing number of institutional investors in hotels leaves little room for familiesOver $200 million of assets were bought and sold last year boosted by institutional equity on the buy side, according to a report by consul...
- DIAL invites bids for building a hotel close to Terminal 3The Indira Gandhi International Airport houses the Intercontinental Hotel Group’s Holiday Inn Express, which is open only to transit passen...
- Global hotel chains plan to bring more brands to IndiaLocated in Delhi the luxury hotel will have 401 rooms, including 45 suites besides 129 service apartments for guests with extended stay req...
- Hotel chain Hilton Worldwide ropes in Kaushik Vardharajan to lead expansion planThe hotel chain has 12 brands with more than 4,440 managed, franchised, owned and leased hotels, besides timeshare properties in 97 countri...
- Several foreign hotel chains like Rotana, Meininger, Jumeirah and Six Senses eye Indian marketGlobal hotel chains like Rotana, Meininger, Jumeirah & Six Senses is waiting to enter India in the next two years, attracted by the growth ...
- 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.
- Infra status to hospitality sector won’t benefit many: HVSLast month, government allowed hotel projects costing Rs 200 crore, convention centres costing over Rs 300 crore to be eligible for long-te...
- 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...
- S Chand & Co to sell Chennai hotelS Chand & Co is close to selling its Chennai hotel property, Atlantic Hotels, to CEEBROS Property Development for about Rs 180 crore.
- How the hotel industry will transform with big funds and leaner business practicesHere's what will change India's hotels: big funds that are pumping in money and asking for leaner business practices and a future far brigh...
- 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...
- Dutch PF manager APG invests Rs 650 crore in Lemon Tree Hotels; forms JV to build 35 hotelsAPG will hold 47% shareholding in the joint venture-Fleur Hotels Pvt Ltd, while Lemon Tree will hold the balance 53%.
- Rising room inventory puts hotel occupancy under pressureThe fact that occupancy levels exhibited only modest declines compared to the significant supply increases highlights the high levels of un...
- Profitability of hotel industry upHotel cos believe occupancies will continue to grow, though additional supply of rooms will put pressure on average room rates in the short...
- Peppermint Hotels in talks with investors to fund expansionPeppermint Hotels is in talks with a slew of investors for expansion capital as more private equity funds chase deals in a sector that is r...
- Global hotel biggies make a beeline for IndiaMany global hotel chains plan to enter India and some that are already present in the country are keen on expansion. The companies are bett...
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