The scheme covers more than 90 hotels across India, Nepal, Bhutan, Bangladesh and Sri Lanka.
Executive lounges with happy hours and complimentary hors d'oeuvre, free pickups, and complimentary laundry that have been the norm-- not anymore, when hotels open doors to guests post the lock-down
Increase in debt in September quarter is an overhang
According to the proposal, the hotels in the pipeline will include a range of Marriott brand portfolios such as JW Marriott, Tribute Portfolio and Sheraton
Currently, the company operates 120 hotels in India under various brands
Le Mridien Hotels and Resorts on Mondayannounced the launch of its maiden hotel here. Le Meridien Hyderabads design draws inspiration from the citys rich heritage of craftsmanship and culture, blending minimalistic style with timeless chic elements, a press release said here. Senior vice-president - South Asia Marriott International Neeraj Govil said, The entry of this legendary brand will provide an even greater diversity of hotel choice for Hyderabads growing commercial and leisure markets." "The city is a perfect match for a Le Mridien brand debut as we invite and entice the creative-minded traveller to savour the good life, and unlock the destination through the hotels mid-century modern design, refined cultural & culinary experiences, and easy access to the rich local culture of the city, the senior vice-president said. General manager of Le Mridien Hyderabad Rakesh Upadhyay said, With our inspiringassociates we are thrilled to welcome the first Le Mridien hotel
Arne M Sorenson says, 'Our select group of hotels will open 10-15 hotels each over the next three years'
How are the synergies shaping after the merger with Starwood Hotels, especially for India?We are in the middle of that, as the deal happened about a year ago. Synergies are happening in three groupings. There are corporate synergies. We now need less numbers of people at the corporate level and that is a direct payback. We both had teams in India, trimmed by a fourth after the merger. The second synergy is at the top line (revenue) level of hotels. That happens through distribution and loyalty programmes. It helps because we never had SPG (Starwood Preferred Guest) members staying at Marriott and vice versa. Loyalty members of Marriott stay with us 60 per cent of the time (given hotel availability) and that was 40 per cent for Starwood. Now, we can capture more business and increase the market share. We now have twice as many sales people here, we have more people outside selling India and more dollars for promotion. The third synergy is on the bottom line (profit) for hotels on ...
The company will also introduce two brands in Asia Pacific offering guests a total of 23 brands
The company plans to reach out to 33 locations from the present 19
Launches 2nd hotel in Lucknow under Fairfield brand