Page 2 - Hospitality

Radisson Hotel Group to make deeper inroads into tier-4 and 5 towns

The multinational hotel chain to open 12-15 hotels each year for 5 years

Oyo to file for $1.2 bn IPO next week, sees recovery after pandemic: report

Startup has endured months of layoffs, cost-cuts and losses during the coronavirus outbreak.

Hyatt Hotels charts plan to increase India footprint by 70% in two years

Aims to add 3,800 keys by 2023-end

ZFW Hospitality enters Mumbai to scale 15 brands with 50 Dark Kitchens

New Delhi based ZFW Hospitality on Thursday announced its foray into the financial capital of the country where it plans to support over 15 brands with 50 dark kitchens and fulfilment centres. As part of its first cohort in Mumbai, ZFW will support the growth of over 15 brands such as Keventers, Vadilal, among others, as part of its immediate launch plans in Mumbai, the hospitality company said in a statement. ZFW Hospitality is a hyper-local expansion platform for food and beverage (F&B) and direct-to-consumer (D2C) brands. This expansion will help the platform scale up to the 100-store mark by August. ZFW, which already partners with leading brands, has established a strong presence in Delhi-NCR with over 35 fulfilment centres. Mumbai is a very strategic move for us, as it's the third-largest market in India for food delivery and hyper-local e-commerce after Delhi and Bengaluru. Most brands on their expansion trajectory prefer to cover the major metros as their first milestones

Underperforming hotels going dirt cheap but buyers lack appetite

20-25% of 150,000 branded hotels risk permanent closure; May room tariffs down 16-18% on average; occupancy drops to 18-20%, revenue per room down by 49-51%

Suba Group's Click acquires controlling stake in leisure group1589 Hotels

Click Hotels envisions crossing 3,000 rooms and plans to have a pan India presence by 2021.

Hyatt Regency Mumbai suspends operations due to lack of funds

The Country Head also said that future reservations through Hyatt booking channels will remain temporarily unavailable.

Covid-hit contact-intensive businesses see life support in RBI's measures

However, the businesses also believe that more is required to revive the pandemic-hit sectors

Coffee Day Enterprises net loss narrows to Rs 97.11 cr in Dec quarter

The company had posted a net loss of Rs 184.94 crore in the October-December period a year ago, Coffee Day Enterprises Ltd (CDEL) said in a BSE filing

Thomas Cook India, SOTC collaborate with WelcomHeritage Hotels

Travel services firm Thomas Cook India on Monday said it along with its arm SOTC has collaborated with WelcomHeritage Hotels to introduce holiday experiences across India. The portfolio features a blend of palaces, forts, havelis and wellness and wildlife resorts. The heritage stays are spread across 40 locales from Srinagar, Gangtok, Dharamshala, Corbett, Nainital, Palampur, Amritsar, Jaisalmer, Jodhpur, Ranthambore to Pench,Chandrapur, Ooty, Coorg, among others, Thomas Cook India said in a filing to the BSE. "Limited reopening of borders has put the spotlight firmly on Destination India and we are delighted to partner with the WelcomHeritage Hotels to catalyse domestic tourism,"Thomas Cook (India) President & Country Head Holidays, MICE, VisaRajeev Kale said. In a similar vein, SOTC Travel, Leisure, President & Country Head Daniel D'souza said, "We are delighted to have associated with WelcomHeritage Hotels to feature the finest traditions of heritage and hospitality in ...

Govt prepares road map, identifies 8 sectors to ease compliance burden

Single-window clearance by mid-April

Qila Mubarak: Patiala fort to restore lost glory with hospitality

The Park Hotels gets contract to run part of Qila Mubarak as boutique hotel

Softbank partners Oyo in Latam; to control 1,000 hotels in Brazil, Mexico

The move comes as Oyo, valued at $10 billion in its most recent fundraising round, has been forced to cut costs and rein in its expansionist strategy in global markets

Yatra.com partners with Amazon Business to cater to hospitality partners

Hospitality partners can leverage the Amazon Business marketplace as a one-stop destination to access a wide range of products

Covid-19 crisis: $30-billion deal renewal headache for IT companies

Outsourcing deals are either going to be renewed at a lower price or they will be delayed, say experts.

Letter to BS: Hospitality sector needs primary and generous succour.

The hotel and tourism industry has static assets to maintain as opposed to travel that has assets highly vulnerable to prolonged disuse

Exports likely to improve in May, contraction expected to be 30-35%: Goyal

Addressing the Digital Summit on Exports organised by the Confederation of Indian Industry (CII), Goyal said he expects the fall in exports to narrow to 8-10 per cent in June.

Banks bat for package for beleaguered aviation, hospitality, realty sectors

Public sector bank executives said these three sectors have been hit badly in the immediate aftermath of lockdown announced in March 2020

Hotels see room for growth as occupancy, rates move up

Hotels attribute this to rising corporate and leisure travel, and growth in foreign tourist arrivals