Ibis Hotels
Business hotels start seeing signs of recovery after protracted lull
Pent-up demand in MICE segment as firms start hosting physical events again, and easing of curbs on international travel will also help in getting closer to pre-Covid revenue levels, says industry
 "Business hotels start seeing signs of recovery after protracted lull")
Ibis to invest over Rs 500 cr to add 685 keys across 4 hotels by FY24
Ibis, which last week opened its 20th property in the country at Vikroli in Mumbai offering 249 keys making it the largest, operates 3,808 rooms across 20 properties in 13 cities
 "Ibis to invest over Rs 500 cr to add 685 keys across 4 hotels by FY24")
A soaring flight plan: Bird Group eyes Air India's ground handling arm
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs
 "A soaring flight plan: Bird Group eyes Air India's ground handling arm")
Ibis to add over 500 more keys by 2022, sees normal revenues next year
The lifestyle focused mid-segment hotel chain Ibis, a part of the French hospitality major Accor Group, will add over 500 keys across four properties, taking total inventory to over 4,000 by 2022. While Ibis, since its entry in 2008, operates 3,500 rooms across 19 properties (Ibis & Ibis Styles hotels) spanning 13 cities, its parent Accor operates over 9,500 rooms spread across 51 properties under 10 brands across 21 cities in joint venture with Interglobe Hotels, an arm of holding company of budget carrier Indigo since the past 14 years. The expansion is focused on three cities -- Mumbai, Bengaluru and Goa--which are already functioning almost at pre-pandemic levels, though the revenue normalisation may take a quarter or two, Sylvain Laroche, director of operations, at Ibis India told PTI. "While we're already profitable operationally thanks to lower staff cost and other cost cutting, I don't see revenue reaching 2019 levels in 2021, though this year should be much better than ...
 "Ibis to add over 500 more keys by 2022, sees normal revenues next year")
Mid-level business travelers push occupancy at IBIS Hotels
IBIS Hotels have been registering an occupancy rate of over 70% even when the average occupancy stood at around 50-60% for other sister brands
 "Mid-level business travelers push occupancy at IBIS Hotels")
