HOTELSCAPES

 

Open to IPO, expect a better valuation in the next two years: Pride Hotels CEO Satyen Jain

Satyen Jain, CEO, Pride Hotels, believed that ‘wait and watch’ was a prudent strategy in the current business milieu before taking the IPO route, and suggested that a better market valuation was possible in the next ...
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The Savoy stands out for true recreation of colonial legacy, a testimony to passion in hoteliering

What makes The Savoy distinct is perhaps its fascinating story but equally its painstaking restoration. India is replete with examples of heritage that have been transformed into hotels. However, the restoration work that has gone behind ...
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Experiential, immersive tourism is here to stay; it’s advantage standalone hotels, believe insiders

Immersive and experiential tourism have acquired serious business propositions and can no longer be viewed as peripheral offerings. As the consumer’s awareness, capacity to spend on travel and desire to sample the unique grows, the segment ...
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IHCL to add 25 hotels in 2 years; Puneet Chhatwal exudes confidence on the road ahead

Puneet Chhatwal, MD and CEO, IHCL, declared that IHCL was poised to add a hotel every month, adding 25 hotels to the portfolio in the next two years. Mr Chhatwal was addressing an intimate gathering of ...
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Sarovar Hotel expands portfolio in Haryana with Geeta Sarovar Portico, Panipat

Sarovar Hotels has expanded its presence in Haryana with the new signing in Panipat, also known as the “City Of Weavers”. Geeta Sarovar Portico is a mid-scale hotel located off National Highway No. 1. The Hotel upon ...
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CCI approves Ctrip’s 42.5 per cent stake in MMT; deal pegged at USD 2.57 billion

Ctrip’s bid to acquire a 42.5 per cent stake in online aggregator MakeMyTrip has been approved by Competition Commission of India (CCI). The apex body recently took to Twitter, announcing the closure of the deal. “CCI ...
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FHRAI comes down hard on food service aggregators; warns of nationwide protests

Amidst the on-going conflict between OTAs and hotels, a new but similar dispute has been brewing between restaurants and Food Service Aggregators (FSAs) across the country. Based on widespread complaints along with acute condemnation and agitation ...
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Lakshyaraj Singh donates 20000 kgs of educational supplies; gets his second Guinness World Record

Lakshyaraj Singh Mewar has registered his name in the prestigious Guinness Book of World Record by distributing 20000 kilograms of school supplies to less privileged students recently in Udaipur. For the uninitiated, it is his second ...
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Three-fourth of all frequent travellers up for a hotel loyalty program: IHG and SAMHI study

IHG (InterContinental Hotels Group, along with SAMHI, undertook an in-depth consumer survey to better understand the needs and expectations of the road warriors in India. The survey revealed that while 54% of the respondents are already enrolled ...
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IHG strengthens luxury and upscale portfolios; to add 2 hotels in Bengaluru

InterContinental Hotels Group (IHG) has signed an agreement with Hotel Paraag Limited in Bangalore, for two hotels – the new built InterContinental Bengaluru Whitefield and Crowne Plaza Bengaluru Raj Bhavan Road, which will be a conversion ...
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