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SIDDHARTH THAKER
GVK may sell stake in Hotel JV to FairfaxFairfax, which recently bought out GVK’s stake in Bangalore airport, has had multiple rounds of talks with the Hyderabad-based infrastructu...- Budget accomodation brands are checking out the premium spaceBoth international and domestic travellers have shown an increased taste for high-end accommodation - an opportunity that the likes of Airb...
- Slowdown in hospitality deals due to strict property and bankruptcy lawsExperts believe more distressed hotel assets could be on the block this year after the insolvency and bankruptcy code kicked in, but very f...
- High-cost debt, tough lending norms hamper hotel industryPrestige Group, another Bengaluru-based builder that will soon open Hilton’s Conrad hotel, said investing in hotels will be more of a strat...
- Indian Hotels plans to raise Rs 1,000 croreIn a statement to the BSE on Aug 16, IHCL had stated that a meeting of the board of directors will be convened on Aug 21, for considering t...
- Highway hotels fudge bills to evade liquor banIndustry association members in Delhi-NCR, Mumbai and Bengaluru said they have not heard of instances of liquor being sold illicitly in hot...
- MakeMyTrip-Ibibo merger leaves no room for Number 2 in online travel spaceAccording to analysts, it has created a massive vacuum, changing industry dynamics as they existed, and removing the perception of an exist...
- Indian hospitality industry shows signs of recoveryAverage room occupancy rate in Sept quarter, traditionally lowest period of biz for hotels in the year - stood at 56.5%, up from 53.2% in t...
- Hospitality gains impetus on better growth outlookOccupancy rate for the entire region rose 0.9% yearon-year to 69.2% in September, while the average daily room rate fell 2.2% to $112.31 an...
- Morgan Stanley to sell 26% stake in IHHR HospitalityMorgan Stanley is selling its 26% stake in IHHR Hospitality, which owns the world's top-rated spa, Ananda in the Himalayas.
- Government's austerity drive: Ban on official meetings at five-stars hits hotels industryDelhi's Le Meridien Hotel has seen cancellation of meetings and seminars from four government departments in the past few days.
- No rush for bookings yet but Delhi hotels to raise rates during GamesHotels in Delhi are expected to raise room rates by 15-20 % during the Commonwealth Games, which start from October 3, even as hoteliers ar...
- Mid-market hotels seen driving growthWith the hospitality industry seeing sluggish demand due to the economic slowdown, players say mid-market branded hotels will be the bigges...
- Five days on, 30% foreign tourists cancel bookingsTravel companies have reported 20-30% cancellations in bookings from foreign tourists in the last 3-4 days, following Mumbai’s terror attac...
- DLF, Hilton plan first branded residential hotel in GoaResidential hotels that combine the flexibility of a vacation home are all set to debut in India. Business week in pics | Oberois own three...
- REITs may help address hoteliers' fund-shortage woesThe expected introduction of Real Estate Investment Trusts (REITs) by the Securities and Exchange Board of India (SEBI) may now help the in...
- Commonwealth boon for 150 motels in NCRMotels in the National Capital Region are set to be classified as hotels, paving way for over 150 small motels to expand number of rooms. T...
- Hotel cos make room at slower paceInbound traffic may be booming and average room rates sky high. But all that jazz conceals the predicament of many a hotel developer as the...
- Business travel boom adds room to serviced apartmentsThe surge in corporate travel has created new segments in the Indian hospitality industry - Business hotels, budget business hotels, design...
- Oberoi group may open a luxury hotel in GoaThe Oberoi group is planning to make an entry to Goa through the launch a luxury hotel in Goa.
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