Page 7 - Hospitality Industry

Book now, cancel last minute: Hotels look to beat Covid-19, reinvent biz

Hospitality may take three years to revive, say hotel chains

OYO restoring full salaries in India, South Asia in phased manner

The spokesperson said 12.5 per cent of the total 25 per cent salary cut will be restored from October and the remaining 12.5 per cent from December 2020

Manish Gupta appointed chief executive officer of TajSATS Air Catering

Hospitality major Indian Hotels Company Ltd (IHCL) on Thursday said Manish Gupta has been appointed as the chief executive officer of TajSATS Air Catering Ltd.

Workcation: A great alternative at a plush hotel for those fed up with WFH

Star properties are reinventing themselves to offer a complete office environment bundled with luxury. And corporate execs, entrepreneurs and professionals are latching on

Hotels in discussion with banks on loan recast after moratorium ends

For one, hotels with standard loans are in discussion with banks on increasing their terms by another 12 months.

Maharashtra hotels reopen, but no room for error amid Covid-19 crisis

Staycations, discounts on offer to lure guests back; hotels to follow mandatory norms such as masks for all, social distancing

Indian Hotels' Q4 consolidated profit before tax drops 69% to Rs 58.1 crore

Its consolidated net profit at Rs 76.29 crore was down 37.75 per cent. It posted a net profit (PAT) of Rs 122.56 crore for the corresponding period of the previous fiscal.

Covid-19: Hotels ready with new 5-star drill as govt eases lockdown curbs

Many changes have been made for the safety of guests and staff including temporary closure of spas, bars, gyms, and swimming pools

Unlock 1.0: Hospitality gets ready with new codes, more focus on hygiene

While new SOPs framed around government mandates are in work, eateries may be harder pressed to make them work

Unlock 1.0 details, PM Modi's 'Mann Ki Baat' and coronavirus updates

Modi noted how India has fared much better than many parts of the world in fighting the pandemic

Unlock 1.0 kicks in: Hotels, malls, places of worship to open from June 8

With this, the Centre has outlined a plan to reopen nearly all activities outside of containment zones starting Monday.

Agriculture, mining saved Indian economy in FY20; manufacturing bites

The farm sector is expected to perform well in FY21 as well.

Marriott International offers 30% discount at all its hotels in South Asia

The scheme covers more than 90 hotels across India, Nepal, Bhutan, Bangladesh and Sri Lanka.

Tourism ministry extends validity of approval for hotels till June end

Due to the postponement of inspection work and application scrutiny during the lockdown period, it has decided to allow six months' relaxation or extension to all categories of tour operators

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion, says India Ratings

Credit costs could touch Rs 2.7 trillion

Covid-19 impact: No comfort in hotel stocks as recovery pushed to FY23

Expectations of a slow recovery, high fixed costs and debt worries are putting off investors

Hotels across all segments open doors for govt's repatriation scheme

Hotels in all the five metros including Delhi, Bengaluru, Chennai, Mumbai and Kolkata, are serving as isolation facilities for the travellers before they head home after the 14 day quarantine

Despite Covid-19, Club Mahindra to push for expansion with Rs 1K cr capex

Shorter-term membership packages may be considered

Premium diners hit the brakes hard; look to reinvent for survival

There will be ongoing speed bumps and resets and at least six months before 80 per cent stability returns to dining

From airlines to automobiles, businesses see washout in April amid lockdown

According to the Indian Cellular and Electronics Association of India, the loss in revenues for mobile device manufacturers during the lockdown has been Rs 20,000 crore