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Page 6 - Hospitality Industry

Two from India in Asia's 50 best restaurants: Check details here

The Chairman in Hong Kong was named the No 1 restaurant in the region by World's 50 Best Restaurants, which is owned by William Reed Business Media Ltd

Two from India in Asia's 50 best restaurants: Check details here
Updated On : 26 Mar 2021 | 12:11 AM IST

PLI to drive capex in industrial sectors by 40-45 % in FY22: CRISIL report

India's GDP growth to be at 11 per cent in fiscal 2022, says report predicting two-phase economic recovery

PLI to drive capex in industrial sectors by 40-45 % in FY22: CRISIL report
Updated On : 09 Mar 2021 | 6:38 PM IST

Zostel claims win in 3-year legal battle against OYO, latter refutes

Zostel could get upwards of $600 million if arbitration goes through

Zostel claims win in 3-year legal battle against OYO, latter refutes
Updated On : 07 Mar 2021 | 11:14 PM IST

Indian Hotels, Ambuja Neotia seek to expand partnership beyond 5 properties

Taj brand aims at larger presence in the east, Neotia says being persuaded to look at North East too

Indian Hotels, Ambuja Neotia seek to expand partnership beyond 5 properties
Updated On : 02 Mar 2021 | 8:42 PM IST

Covid-19 impact: Himachal Pradesh's thriving homestay industry hits hotels

Their fates are contrasting - hoteliers say they are struggling to get bookings, while homestay owners are witnessing record bookings and profits

Covid-19 impact: Himachal Pradesh's thriving homestay industry hits hotels
Updated On : 18 Feb 2021 | 6:10 AM IST

A business hotel for that great weekend getaway with your family and Fido

WFH and travel paranoia during Covid-19 have lowered occupancy in these hotels, forcing them to offer alluring rates as low as Rs 5,000 a night with meals to leisure customers

A business hotel for that great weekend getaway with your family and Fido
Updated On : 05 Feb 2021 | 6:38 PM IST

Services PMI expands for 4th straight month as vaccine drive fuels optimism

Though growth began accelerating in December, headline figure remained below its long-run average of 53.3 and was consistent with a moderate pace of growth

Services PMI expands for 4th straight month as vaccine drive fuels optimism
Updated On : 03 Feb 2021 | 10:46 PM IST

Jubilant Foodworks to acquire 10.76% stake in Barbeque-Nation Hospitality

Jubilant Foodworks Ltd operates fastfood chains Domino's Pizza and Dunkin' Donuts in India

Jubilant Foodworks to acquire 10.76% stake in Barbeque-Nation Hospitality
Updated On : 31 Dec 2020 | 4:51 PM IST

Night curfew puts dampener on New Year's Eve plan amid Covid-19 pandemic

Late parties off the menu, hotels and restaurants offer staycations

Night curfew puts dampener on New Year's Eve plan amid Covid-19 pandemic
Updated On : 30 Dec 2020 | 6:10 AM IST

Free salons to discounted room rates: Hotels go all out to lure guests

French hospitality major Accor that operates hotels under Pullman and Novotel brands in India, is offering flat discounts on bookings

Free salons to discounted room rates: Hotels go all out to lure guests
Updated On : 16 Dec 2020 | 12:03 AM IST

OYO hands out pink slips to 300 workers from renovation, operations dept

This is in line with the company's efforts to drive technology-enabled synergies and realign of some business functions to other verticals, leading to some redundancies across a few functions

OYO hands out pink slips to 300 workers from renovation, operations dept
Updated On : 08 Dec 2020 | 11:08 PM IST

Hotels limp back to normalcy as business travel remains depressed

Recovery still far away; blended average occupancy up 28-30% in current quarter from 18-25% in three months to September

Hotels limp back to normalcy as business travel remains depressed
Updated On : 17 Nov 2020 | 12:50 AM IST

Hospitality body FHRAI urges govt to provide soft loans to industry

Hospitality industry body FHRAI urged the government to provide soft loans to the hotel and restaurant sector as businesses are finding it difficult to sustain themselves amid the COVID-19 pandemic.

Hospitality body FHRAI urges govt to provide soft loans to industry
Updated On : 02 Nov 2020 | 8:16 PM IST

OYO to triple room count in Himachal Pradesh by 2022: CEO Ritesh Agarwal

Agarwal told Thakur that the state is among the strongest performing markets for OYO and the company is committed to doubling economic opportunities and presence in the state shortly

OYO to triple room count in Himachal Pradesh by 2022: CEO Ritesh Agarwal
Updated On : 26 Sep 2020 | 6:00 PM IST

6 months after lockdown: Covid-19 impact on economy likely to be long-term

From when the lockdown was imposed on March 24, the number of Covid-19 cases has shot up from 500 to almost 5.6 mn

6 months after lockdown: Covid-19 impact on economy likely to be long-term
Updated On : 23 Sep 2020 | 2:04 AM IST

Six months after Covid-19 lockdown: Airlines, hotels try to journey back

Faced with their worst crisis and without any financial assistance from the government, the viability of the Indian aviation and tourism industry is in peril

Six months after Covid-19 lockdown: Airlines, hotels try to journey back
Updated On : 23 Sep 2020 | 12:09 AM IST

ITC weighs 'alternate structure' for hotels business for value creation

Puri also said that there were many smaller pieces in the portfolio that required support from institutional strengths, and that's why they structured the way they were

ITC weighs 'alternate structure' for hotels business for value creation
Updated On : 07 Sep 2020 | 11:04 PM IST

Hospitality, aviation, tourism firms likely to seek loan recast: Bankers

Micro, small and medium enterprises (MSME) are already covered under the ongoing restructuring scheme which was tweaked earlier this month to cover those impacted by Covid-19 crisis

Hospitality, aviation, tourism firms likely to seek loan recast: Bankers
Updated On : 30 Aug 2020 | 8:34 PM IST

HAI, Naukri.com tie-up for alternate livelihoods for hospitality workforce

Hotel Association of India (HAI) on Thursday said it has entered into a partnership with Naukri.com to create alternative employment opportunities for hotel industry workforce hit hard by Covid-19

HAI, Naukri.com tie-up for alternate livelihoods for hospitality workforce
Updated On : 27 Aug 2020 | 6:14 PM IST

Hospitality major EIH posts Rs 152 cr net loss in Q1 due to Covid-19 crisis

The company had posted a net loss of Rs 1.13 crore in the corresponding period of previous fiscal, EIH said in a filing to the BSE

Hospitality major EIH posts Rs 152 cr net loss in Q1 due to Covid-19 crisis
Updated On : 13 Aug 2020 | 10:00 PM IST