Wednesday, December 31, 2008

Fortune opens new hotel in Hyderabad

Hindu Business Line dt.31/12/08


Hyderabad, Dec. 30 Fortune Park Hotels, an arm of ITC Ltd, plans to go ahead with its expansion despite the downturn by opening 27 new hotels in the next 24 months. For more details of the report please click the following link

Tourism Sector in Kerala reviving

Report Courtesy: Mathrubhumi dt.31/12/08.

Synopsis of the report: Tourism sector in the state which was impacted by the global recession and Mumbai developments has started bouncing back. The state is witnessing a huge flow of foreign as well as domestic tourists in last couple of weeks. Foreign tourists are coming mostly from Europe….There are no rooms available in Hotels in Allapey. …

Sunday, December 28, 2008

New Year Holiday Travel, Flights to Kerala and Rajasthan going full..

News Courtesy: Hindu Business Line dt.29/12/08

Carlson plans five more Park Plaza hotels by 2010

The Hindu Business Line dt.29/12/08
NEW DELHI: Global hospitality major Carlson Hotels is planning to expand its mid-scale segment presence in the country with plans to open up five more hotels under its 'Park Plaza' brand by end of 2010….for more details click the following link

http://www.thehindubusinessline.com/businessline/blnus/19281201.htm

1000 crores investment expected in Kerala….

Courtesy : Mathrubhumi

Entee Nadu a 3 day NRI investment meet held in Kerala from 23rd this month has received investment plans worth about 1000 crs from 60 projects in Tourism, Resorts & other hospitality projects. Over 500 delegates mostly NRIs participated in the meet. To increase tourist flow to the state the state tourism department has also decided to announce 2009 as “Visit Kerala Year 2009”

Lulu Group ties up with Marriot Hotels

The Business Line dt.25/12/08

Kochi, Dec. 24 The $3-billion Lulu Group has entered into a management contract with Marriot Hotels to run the 20-story 300-room business hotel property now under construction in Kochi…… fore more details click the following link

http://www.thehindubusinessline.com/2008/12/25/stories/2008122550741700.htm

Tuesday, December 23, 2008

Influence Lifestyle opens Restaurant in Chennai

Influence Lifestyle Store in collaboration with India’s leading designer Manish Malhotra announced the launch of the first of its kind fine dining restaurant in the city..Plans to open in Hyderabad, Coimbatore……for more details of the news click the following link

http://www.indiaprwire.com/pressrelease/restaurants/2008122317264.htm

Suchirindia diversifies into theme parks, budget hotels

The Hindu Business Line dt.23/12/08.

Hyderabad, Dec. 22 Suchirindia Developers is diversifying into entertainment, hospitality and theme parks. It is in the process of setting up a casino in Colombo. The company is awaiting necessary clearances for the casino from the Sri Lankan Government……for more details of the new click the following link

http://www.thehindubusinessline.com/2008/12/23/stories/2008122351181700.ht

Friday, December 19, 2008

Oberoi staff working overtime for Sunday reopening

The Hindu Business Line dt.20/12/08

Mumbai, Dec. 19 The mood at the Oberoi and Trident hotels in Mumbai is distinctly buoyant even while the terror attacks are fresh in everyone’s minds……for more details visit the following link

http://www.thehindubusinessline.com/2008/12/20/stories/2008122051560300.htm

Sahil, RIMC, Inet in 3-way venture to manage hotels

The Hindu Business Line dt.20/12/08

Pune, Dec. 19 Royal International Management Company (RIMC) GmbH, Hamburg, has entered into a joint venture with Pune- based Sahil Group and Inet Global Group of Switzerland to set up RIMC Sahil Hospitality India Pvt Ltd. The equity holding of the partners is 40:40:20 respectively…….for more details visit the following link

http://www.thehindubusinessline.com/2008/12/20/stories/2008122051550300.htm

Credit storm forces tourists to look inwards

The Economic Times dt.19/12/08

Kerala, Goa and Rajasthan have emerged as the top three destinations for holidaying this New Year…..

IF DOMESTIC tourists were audacious in experimenting with foreign destinations and longer breaks last year, the travails of the economic slowdown have made them choose short-haul spots in India this time.
Kerala, Goa and Rajasthan have emerged as the top three destinations for holidaying this New Year as Indians prefer a quick and quiet retreat in a season marked by low-key celebrations and even lower bookings. And both Christmas and New Year maybe only a few days away, but a large chunk of enquiries were initiated only in the past few days. The lukewarm response is despite lower hotel prices and 50% discounts for spouses or no charge for including children.“Traditionally, the year-end is considered the secondlargest holiday season for Indians after the summer break when they all travel with families. This season, we have seen a marked shift towards domestic destinations,” says SOTC chief operating officer Sunil Gupta. He said 10-12% of the holidayers have given up on foreign locales and shifted to domestic destinations.
Added Cox and Kings executive director Arup Ghosh, “We have noticed people are going to domestic destinations for 4-5 days.” Even for foreign shores, domestic travellers are choosing to stay within South-east Asian countries like Malaysia, Singapore and Hong Kong, which are cheaper and easily accessible. A4-day/3-night trip to Goa will cost Rs 9,250 per person (inclusive of accommodation, travel insurance and meals but airfare). Similarly, a 5-day/6-night trip to Kerala covering four cities would cost Rs 16,000 per person excluding airfare. Choosing an international locale means shelling Rs 32,000-35,000 per person for a 5-6 day trip to Malaysia and Rs 43,000-Rs 45,000 for a 3-4 day trip to Singapore.
But the overall sentiment for holiday travel is low. As per market estimates, holiday business is down 20-25% this December compared to last year. ITC Fortune Hotels president Suresh Kumar said, “The overall sentiment is low due to obvious reasons.”

Thursday, December 18, 2008

Taj to reopen 268 rooms on Dec 21

Business Line dt.18/12/08

http://www.thehindubusinessline.com/2008/12/18/stories/2008121851540300.htm

Hyatt plans to open 10 more hotels in 5 years

Meltdown will boost medical tourism

Business Line dt.18/12/08
Chennai, Dec. 17 The current economic crises of the US and Western Europe may be beneficial to the Indian healthcare industry, in terms of higher number of medical tourists……. For more details of the news click the following link

http://www.thehindubusinessline.com/2008/12/18/stories/2008121851460300.htm

Hyatt plans to open 10 more hotels in 5 years

Business Standard dt.18/12/08

Global Hyatt Corporation, one of the world's leading hospitality companies and the owner of the Hyatt brand, has said it aims to triple the number of hotels in India to 15 in the next five years…. For more details of the news click the following link

http://www.business-standard.com/india/storypage.php?autono=343592

Wednesday, December 17, 2008

Gulu Lalwani propose to invest in Marine Tourism Project in Kerala

Courtesy: Mathrubhumi dt.17/12/08

UK’s 4rd largest billionaire Gulu Lalwani has shown interest to invest in Marine Tourism Project in Kerala. Gulu Lalwani is founder of Binatone as well as Chairman of Royal Phuket Marina in Thailand. (http://www.royalphuket-marina.com/) Lalwani propose to invest about 500 crores.

Gulu Lalwani was in Kochi to attend Boat India International Conference. As part of the proposed Marina Gulu Lalwani has plans to develop a Water Front Hotel, Luxury Apartment, Penthouses, private swimming pools etc

Monday, December 15, 2008

Govt to Implement slew of measures boost tourism

15/12/08

For more details of the news click the following link

http://www.ptinews.com/pti%5Cptisite.nsf/0/BAB2ED9D46A6946A65257520005100A6?OpenDocument

Taj Group opens fifth hotel in Bangalore

Business Standard dt.16/12/08

For more details of the news click the following link
http://www.business-standard.com/india/news/taj-group-opens-fifth-hotel-in-bangalore/09/42/343377/

Non – Residents to Help Kerala Tourism

News courtesy : Business standard dt 15/12/08

Synopsis: Small and medium entrepreneurs will get an opportunity to contribute to the tourism industry’s growth in Kerala, thanks to a unique initiative being kicked off by Kerala’s tourism department, Kerala Tourism, under the aegis of the Tourism Resorts Kerala Ltd…....an event in Kochi on December 23-24 to provide a platform for potential NRK Investors to com together and discuss and share project plans with the government. The response has been over whelming.

Aimed at channeling the money that might flow in from around 10 million NRKs into building tourism projects in Kerala, the Ente Nadu initiative is expected to bring in new investment in areas such as hill resorts, island resorts, farm tourism, medical tourism, wax museums, heritage museums, homestays, houseboats, ayurveda centres etc.

The 148 projects already submitted are of resident entrepreneurs, which would fall under the latter category.

As many as 374 registrations have been made for the summit in Kochi, he said. As many as 239 are from other countries.

Hoteliers seek tax relief to beat slump

Business Standard dt.15/12/08

For more details of this news visit the following link
http://www.business-standard.com/india/news/hoteliers-seek-tax-relief-to-beat-slump/09/36/343215/

Hotel Leela expansion plans on

The Hindu Business Line dt.8/12/08

For more details click the following link
http://www.thehindubusinessline.com/2008/12/08/stories/2008120851350200.htm

Taj GVK Hotels to go ahead with investments plans..

The Hindu Business Line dt.8/12/08

For more details click the following link
http://www.thehindubusinessline.com/2008/12/08/stories/2008120851370200.htm

Monday, December 1, 2008

Hotel stocks up, but Sensex slips

Business Standard dt.2/12/08

For more details of the news click the following link

http://www.business-standard.com/india/news/hotel-stocks-upsensex-slips/03/18/341857/

DB Hospitality looks to expand; in pact with Japan’s JAL Hotels

Hindu Business Line dt.2/12/08

For more details of the news click the following link..

http://www.thehindubusinessline.com/2008/12/02/stories/2008120250570200.htm

NRI money props up Kochi realty

Hindu Business Line dt.30/11/08

While the global economic slowdown gripping most parts of the developed world has had a cascading impact on the economy and real-estate prices across major Indian cities, reports suggest that the southern port city of Kochi has been less affected by the crisis……..for more details of the news click the following link

http://www.thehindubusinessline.com/iw/2008/11/30/stories/2008113050701700.htm