Page 6 - Hospitality Industry

Gifts, dinner vouchers, pre-Diwali bashes by corporates light up hotel biz

Companies across the sectors, particularly the multinationals want to do more for employees to attract them to come to office

Penalties on OYO, MakeMyTrip, GoIbibo big win for hospitality sector: FHRAI

With the penalties of Rs 223.48 crores and Rs 168.88 crores on MMT-Go and OYO for anti-competitive conduct, the FHRAI described it as "one of the biggest wins for the hospitality industry"

New Covid strains, seasonal ailments may spike hospitalisation in winter

13 XBB variants detected in Maharashtra are all under home-isolation; the strain spreads rapidly and is said to be behind the recent spike in Singapore

US government to nearly double temporary visas for non-agricultural jobs

Twenty thousand of the H-2B visas will be granted to workers from the Central American countries of Honduras, El Salvador and Guatemala as well as Haiti

Hotels sold out as 'big fat Indian weddings' recover from Covid shock

Despite no 'auspicious' dates in October, hotels are expecting to be 'booked out' as Indians get ready to celebrate weddings on the pre-covid scale.

Marriott expects to have around 200 properties in India by 2025: Official

Global hospitality chain Marriott expects to have around 200 properties in India by 2025 tapping on the growth in smaller cities in the country, Marriott Hotels India - Area Vice-President South Asia, Ranju Alex said on Thursday. There is a huge amount of growth in Tier II and Tier III cities in India, which has not been seen earlier, she said while addressing at the Hoteliers' Conclave 2022. On being asked about the company's expansion plans in India, Alex said, "As of now, we are currently at 141 hotels -- 106 managed and 35 franchises. As we speak, we have 67 hotels which are in the pipeline in different stages of being built. We are easily looking at 200 hotels by 2025." She further said, "In actual reality terms, we open anywhere around 15 to 20 hotels every single year" but there was a surge in the signings of hotels during the pandemic and "that will manifest itself around the 2025-26 period". "We signed the maximum number of hotels during Covid. Somewhere in the owner ...

Shruti Shibulal's Tamara Leisure expects 3-fold growth this fiscal

Hospitality firm Tamara Leisure Experiences expects its business to grow three-fold in the current fiscal, compared to pre-pandemic levels, amid easing of travel restrictions, according to the company CEO Shruti Shibhulal. The company is looking at inorganic expansion through acquisitions across its affordable, mid-segment and leisure businesses across India as well as overseas through internal accruals, Shibulal told PTI. "Due to COVID there was instability... This year we are expecting to hit about three times the number that we hit in 2019-20. Take the cut-off as March," she said on the sidelines of Entrepreneur Annual Conclave. Tamara Leisure operates in three segments -- luxury resorts, business hotels and mid-segment. Daughter of Infosys co-founder and former CEO SD Shibulal said that the last couple of years were very unstable. The company's business hotels were running in losses but with the easing of travel restrictions, the revenue has boomed again. "... We are seeing a

Hotel stocks order room service: See strong Q1, a stronger outlook

Inbound tourism, higher occupancies, and lean cost model are positives for listed hospitality majors

ITC scouts alternate structures for hotel biz; stock up 50% so far in 2022

According to reports, ITC Hotels could soon be a separately listed entity, carved out of the parent cigarette-to-branded packaged food conglomerate.

Flipkart forays into hospitality sector, launches hotel booking feature

Backed by Cleartrip's API, Flipkart Hotels will benefit from Cleartrip's deep understanding of travel customers and sectors

Temp staff hiring to rise as consumers return to stores in festive season

During the festive season, more than 500,000 short-term jobs are expected to be created

After decades of closure, ITC readies Nedou's hotel for launch in Srinagar

Nedou's have been the pioneers of the hospitality sector in Kashmir. They ran two properties in the Valley, one in Srinagar and the other in the Gulmarg ski resort

Covid pandemic-induced income blues not yet over for seven states/UTs

Residents of 6 states and a Union Territory are yet to recover from the Covid-19 pandemic-induced income shock, data compiled by the National Statistical Office for 21 states and UTs for FY22 shocks.

Govt nods enhancing ECLGS limit to Rs 5 trn for hospitality, allied sectors

Union Cabinet has approved the enhancement in the limit of Emergency Credit Line Guarantee Scheme by Rs 50,000 crore Rs 5 Lakh crore, with the additional amount being earmarked entities in hospitality

Salaries of top managers rise as occupancy in hospitality sector improves

The remuneration of directors of hotel companies, like IHCL and EIH Ltd, has seen a rise between 8 and 250 per cent in FY22 year-on-year (YoY)

Indian Hotels posts consolidated PAT of Rs 170 cr in Q1 amid rise in demand

The company's revenue surged by 249.45 per cent to Rs 1,293 crore during the quarter under review, compared to Rs 370 crore in the year-ago period.

Barbeque-Nation Hospitality Q1 profit at Rs 16 cr; revenue soars three-fold

The company had clocked a net loss Rs 43.85 crore in the April-June period a year ago, Barbeque-Nation Hospitality said in a regulatory filing.

Hotels, restaurants workers demand pay hike after service charge ban

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

India's restaurants slam new rules against compulsory service charge

Restaurants say they already explicitly mention the charge in notices at the gate and on the menus, and if someone chooses to use their services, they are bound to pay it

Hotel industry sees growth as daily room rates, occupancies over 2019 level

Mumbai hotels recorded an occupancy rate of 80 per cent in May 2022, which was followed Pune and Bengaluru, consulting firm HVS Anarock said