Mid-sized hotels have an advantage of better penetration in the tier-2 and tier-3 markets
It comes just days after, on Tuesday, HC had asked the restaurants why they could not increase the salaries of their staff instead of levying a service charge
Guidelines prohibit levy of service charge on food bills
The Delhi High Court on Wednesday stayed the recent guidelines prohibiting hotels and restaurants from levying service charge automatically on food bills
Industry experts say that while restaurants will increase the food prices there is no certainty on it going to staff as it will be a part of the owner's revenue
Mahindra Holidays & Resorts India Ltd (MHRIL) plans to add at least 1,000 rooms in the next two to three years, according to company Chairman Arun Nanda. In his address to shareholders in the company's annual report for 2021-22, Nanda said the firm is looking at greenfield projects, expansion of existing facilities, acquisition and lease opportunities to drive a significant growth in room inventory in the next few years. "Your company is poised for a significant growth in room inventory. The plan is to add at least 1,000 rooms in the next 2-3 years," he wrote. Nanda further said, "The additions are planned through a combination of greenfield projects on a beach near Ganpatiphule in Maharashtra and work is in progress for developing in few other destinations; expansion projects at its resorts in Kandaghat (Himachal Pradesh) and Puducherry." MHRIL had also recently won a bid for public-private partnership (PPP) project in Himachal Pradesh (Janjehli, Mandi district) and the work on .
If a restaurant is forcing customers to pay extra money in the name of service charges, customers can lodge a complaint with the CCPA
Mumbai hotels recorded an occupancy rate of 80 per cent in May 2022, which was followed Pune and Bengaluru, consulting firm HVS Anarock said
The hotels have to clearly inform the consumer that paying the service charge is at the consumer's discretion, the CCPA said
Imported fare makes way for homegrown produce
Family offices, high net-worth individuals and institutional investors are looking at the sector, say advisory firms
OYO acquire Europe-based Direct Booker. OYO has in the recent past declared its intent of actively scouting for 'tuck-in' acquisitions, especially in the European market as a strategic growth lever
The veteran hotelier is credited with making Oberoi a brand to reckon with steps down owing to ill health
While IHCL has been at it for some years now, for Concept and Kamat Group, which have typically relied on management contracts, it's a first
Two years of the pandemic have had a major impact on the economy of the place, with many hotels left with unoccupied rooms despite slashed rates
The company had posted a consolidated net loss of Rs 4.66 crore in the same period a year ago, Oriental Hotels Ltd said in a regulatory filing
Retail, recreation visits slip over last week but remain higher than pre-Covid days
Launches new lifestyle brand Individual Retreats amid rise in demand for curated travel and experiential stay
Business hotels, which saw a delayed recovery, are back stronger and sooner as big ticket conferences and meetings have resumed in a big way, said hotel industry executives
Thanks to high occupancy, room rates have jumped by a staggering 65-66%, according to media industry sources