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MD PATANJALI KESWANI
Dubai hotel rates plunge as Middle East conflict stalls bookingsDubai hotels are experiencing a sharp decline in bookings and rates. Travel concerns stemming from the Wesia conflict have impacted occupan...- Gen Zoomers take the road less travelledGen Z is significantly influencing the travel industry, making up almost 40% of global travelers. This tech-savvy, eco-conscious generation...
- Travel and hospitality companies prepare for IPO amid rising domestic tourismSeveral Indian travel and hospitality companies are planning initial public offerings. Oyo, Pride Hotels Group, and LaRiSa Hotels & Resorts...
- Lemon Tree Hotels shares surge 5% after Q3 profit jumps 77% YoYLemon Tree Hotels shares jumped 5% after Q3 FY25 net profit surged 76.6% YoY to Rs 62.5 crore. Revenue rose 22% to Rs 355.18 crore, with EB...
- Lemon Tree Hotels to list subsidiary Fleur HotelsLemon Tree Hotels intended to list its subsidiary, Fleur Hotels, soon to address its Rs 1850 crore debt. Fleur Hotels includes 4,000 rooms ...
- Vikramjit Singh resigns as president of Lemon Tree HotelsLemon Tree Hotels announced in a regulatory filing that Vikramjit Singh, the company's president, has resigned to pursue entrepreneurial en...
- Lockdown has had disastrous impact on hospitality sector; govt support needed: IndustryGoing ahead, occupancy in India is going to be very low. So hotels will have to either shutdown or run in a very limited manner, a hotel ow...
- Lemon Tree Hotels acquires Berggruen Hotels and the brand ‘Keys Hotels’Keys Hotels are present in 16 cities including Aurangabad, Bengaluru, Calicut, Chennai, Goa, Gurugram, Kochi, Kolhapur, Ludhiana, Mahabales...
- Lemon Tree Keys deal is economically lucrative: Lemon Tree Hotels Chairman Patu KeswaniET had reported previously that entities such as Oyo had expressed interest in acquiring Keys Hotels, a mid-market chain that owns and oper...
- Rahul Pandit, ex CEO of Ginger Hotels to lead Lemon Tree Hotels Warburg Pincus co-Living JVIn December last year, Lemon Tree Hotels announced that it has formed a joint venture with an affiliate of Warburg Pincus to create a co-li...
- Our goals for the next 3-4 years is to double the number of LemonTree hotels: Patanjali KeswaniOur operating profit margins increased from 17-18 per cent to 29 per cent in FY17 and in FY18 to 33 per cent.
- Going forward, there will be 2-4 players in mid market hotel space: Patanjali Keswani, Lemon Tree“Competition would continue but it is not likely to be destructive in any way.”
- Rahul Pandit appointed as CEO of Ginger HotelsDeepika Rao, the current interim CEO, will be joining the Finance Department of Taj Hotels to head Asset Management, reporting to the CFO, ...
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