Courtesy: Hindu Business Line, dt. 20.02.09
Hyderabad, Feb. 19 Lahari Holiday Homes Ltd, part of the Lahari Group, has unveiled an investment-cum-vacation home opportunity – Lahari Suite Homes – in Hyderabad.
“Modelled on the lines of owning a service apartment, Lahari Suite Homes ensures that customers not only benefit by getting assured returns on their investments in terms of fixed monthly rentals and assured buyback with appreciation, but also can have free three-day stay,” Mr G. Hari Babu, Chairman, Lahari Group, said while addressing a press conference.
For more details please click on following link
http://www.thehindubusinessline.com/2009/02/20/stories/2009022051521700.htm
Thursday, February 19, 2009
Country Club keeps expansion on track
Courtesy: Hindu Business Line, dt. 20.02.09
Chennai, Feb. 19 Despite the slowdown, Country Club India Ltd will continue to invest in expanding its footprint. “Our Rs 1,000-crore expansion plans are still intact, and on track,” said Mr Y. Rajeev Reddy, Chairman and Managing Director of the company.
According to him, the company, in the last 18 months, has spent close to Rs 650 crore in development and acquisition of various properties, including a 100-room boutique hotel property in Dubai for Rs 175 crore.
For more details please click on following link
http://www.thehindubusinessline.com/2009/02/20/stories/2009022051111500.htm
Chennai, Feb. 19 Despite the slowdown, Country Club India Ltd will continue to invest in expanding its footprint. “Our Rs 1,000-crore expansion plans are still intact, and on track,” said Mr Y. Rajeev Reddy, Chairman and Managing Director of the company.
According to him, the company, in the last 18 months, has spent close to Rs 650 crore in development and acquisition of various properties, including a 100-room boutique hotel property in Dubai for Rs 175 crore.
For more details please click on following link
http://www.thehindubusinessline.com/2009/02/20/stories/2009022051111500.htm
Wednesday, February 18, 2009
Fewer tourists, more sops
Airlines, hotels tie up to roll out red carpet.
Courtesy: Hindu Busuness Line, Dt. 19.02.09
New Delhi, Feb. 18 With foreign tourist arrivals during January this year declining by over 100,000 as compared with the previous year, leading airlines and hotel chains have come together to woo the travellers.
The joint strategy announced by the Government will provide value addition to the foreign tourists visiting between April and December this year.
For more details click on the following link
http://www.thehindubusinessline.com/2009/02/19/stories/2009021951390100.htm
Courtesy: Hindu Busuness Line, Dt. 19.02.09
New Delhi, Feb. 18 With foreign tourist arrivals during January this year declining by over 100,000 as compared with the previous year, leading airlines and hotel chains have come together to woo the travellers.
The joint strategy announced by the Government will provide value addition to the foreign tourists visiting between April and December this year.
For more details click on the following link
http://www.thehindubusinessline.com/2009/02/19/stories/2009021951390100.htm
Five & Three Star Hotels in Amritsar City
Request for Proposal (RFP) public private partnership (PPP) For Development of 5 star & 3 star Hotels
Courtesy: Busuness Standard, Dt. 19.02.09
For more details visit www.pidb.org
Courtesy: Busuness Standard, Dt. 19.02.09
For more details visit www.pidb.org
Houseboat with swimming pool and roof garden will float in backwaters of Kerala from today.
Courtesy: Mathrubhumi dt.18/2/09
Allepey: The first of its kind, houseboat with roof garden and swimming pool is ready for its maiden cruise in Kerala." This leisure boat will float in the backwaters on Feb 18th," informed Mr. Tomy J. Pulikootil Managing Director of Pulikottil Tourism Group, owners of the boat, in a press conference today.
The boat which is having 100 ft. length and 16 feet width will bear a conference Hall for 70 members and two bed rooms. Swimming pool is 13 feet length, 8 feet width and 4 feet depth. Roof garden will have a restaurant too.
Allepey: The first of its kind, houseboat with roof garden and swimming pool is ready for its maiden cruise in Kerala." This leisure boat will float in the backwaters on Feb 18th," informed Mr. Tomy J. Pulikootil Managing Director of Pulikottil Tourism Group, owners of the boat, in a press conference today.
The boat which is having 100 ft. length and 16 feet width will bear a conference Hall for 70 members and two bed rooms. Swimming pool is 13 feet length, 8 feet width and 4 feet depth. Roof garden will have a restaurant too.
Wednesday, February 11, 2009
Parsvnath Hotels, Hyderabad gets five star tag.
Courtesy: Business Standard dt.10/2/09
Parsvanath Hotels has received tehe five star category project approval for its hotel project in Hyderabad.The Hotel coming up close proximity to Hitech City will comprise 186 rooms besides all amenitieis of a 5 star hotel. It will be operational by end of 2011…
Parsvanath Hotels has received tehe five star category project approval for its hotel project in Hyderabad.The Hotel coming up close proximity to Hitech City will comprise 186 rooms besides all amenitieis of a 5 star hotel. It will be operational by end of 2011…
Radission Delhi on expansion mode
Courtesy The Hindu Business Line dt.10/2/09
Radission Delhi is investing 800 crore over the next four years for opening 8 more hotels across India – The Hotels will come up at Bhubaneswar, Hyderabad, Konark, Puri, Vishakhapatnam & Kakinada.
Radission Delhi is investing 800 crore over the next four years for opening 8 more hotels across India – The Hotels will come up at Bhubaneswar, Hyderabad, Konark, Puri, Vishakhapatnam & Kakinada.
Marriott bets on food, feel-good strategy to beat downturn
The Hindu Business Line dt.10/2/09
Chennai, Feb. 9 To sit out the current downturn, Marriott Hotels in India, besides giving incentives to the travel trade, has announced various packages to woo new consumers and improve topline growth….
http://www.thehindubusinessline.com/2009/02/10/stories/2009021050931500.htm
Chennai, Feb. 9 To sit out the current downturn, Marriott Hotels in India, besides giving incentives to the travel trade, has announced various packages to woo new consumers and improve topline growth….
http://www.thehindubusinessline.com/2009/02/10/stories/2009021050931500.htm
Thursday, February 5, 2009
TGI Friday’s to foray into beverages bar
Courtesy : Business Standard dt.6.2.09
Casual dining chain “Thank Goodness It’s Friday today” said it is foraying into soft-seating beverages bar format and would invest Rs.25-35 cr for 25 sych stores by 2012.
Casual dining chain “Thank Goodness It’s Friday today” said it is foraying into soft-seating beverages bar format and would invest Rs.25-35 cr for 25 sych stores by 2012.
Gold Souk to open in April
Courtesy: Mathrubhumi. Dt.6.2.09
Gold Souk the 5,00,000 sft retail space coming up in Kochi is scheduled to be inaugurated in April this year. The mall will have leading food chains like KFC, Chick Inn, Dubai and may other food/retail outlets…for more details on Gold Souk click the following link.
http://www.goldsoukindia.com/index.asp
Gold Souk the 5,00,000 sft retail space coming up in Kochi is scheduled to be inaugurated in April this year. The mall will have leading food chains like KFC, Chick Inn, Dubai and may other food/retail outlets…for more details on Gold Souk click the following link.
http://www.goldsoukindia.com/index.asp
Wednesday, February 4, 2009
Fast food chains buck the slowdown
Business Standard, 3 February 2009
Fast food international chains in India appear to be bucking the trend of a slowdown in sales growth. Not only do they claim that their sales have shot up, but they also want to increase their advertising spends this financial year.
Consider this. The sales of Pizza Hut–a casual dining restaurant from Yum! Brands–have gone up by 10 percent in the last quarter(October-December, 2008). Anup Jain, director(marketing), Pizza Hut says: “Casual dining is a casual level of entertainment for the middle class segment, which doesn’t have much scope to be cut.”
McDonald’s India–a leading quick service restaurant–too claims its Q4 sales have gone up significantly as compared to the corresponding period in 2007. Vikram Bakshi, managing direcor, McDonald’s India(north and east region), says: “Our sales have grown 25-28 per cent YoY. We are seeing an increase of 14-18 per cent in footfalls across our stores. We are hopeful of achieving record breaking figures this fiscal.”
Similarly, Unnat Varma, marketing director, KFC (an other quick service restaurant from Yum! Brands), says: “We have grown by 30 per cent (in the last quarter) across the country with some locations recording over 50 per cent growth over the same period last year.”
Pizza Hut adopted a value proposition strategy to increase its sales: “We have focused on providing Big V(more value for money like in Golden Surprise, for those who are looking a value meal in the minimum possible price to attract new guests). After the launch of Golden Surprise and Magic Times pizzas (in December), footfalls have increased by 5 per cent,” Says Jain.
Fast food international chains in India appear to be bucking the trend of a slowdown in sales growth. Not only do they claim that their sales have shot up, but they also want to increase their advertising spends this financial year.
Consider this. The sales of Pizza Hut–a casual dining restaurant from Yum! Brands–have gone up by 10 percent in the last quarter(October-December, 2008). Anup Jain, director(marketing), Pizza Hut says: “Casual dining is a casual level of entertainment for the middle class segment, which doesn’t have much scope to be cut.”
McDonald’s India–a leading quick service restaurant–too claims its Q4 sales have gone up significantly as compared to the corresponding period in 2007. Vikram Bakshi, managing direcor, McDonald’s India(north and east region), says: “Our sales have grown 25-28 per cent YoY. We are seeing an increase of 14-18 per cent in footfalls across our stores. We are hopeful of achieving record breaking figures this fiscal.”
Similarly, Unnat Varma, marketing director, KFC (an other quick service restaurant from Yum! Brands), says: “We have grown by 30 per cent (in the last quarter) across the country with some locations recording over 50 per cent growth over the same period last year.”
Pizza Hut adopted a value proposition strategy to increase its sales: “We have focused on providing Big V(more value for money like in Golden Surprise, for those who are looking a value meal in the minimum possible price to attract new guests). After the launch of Golden Surprise and Magic Times pizzas (in December), footfalls have increased by 5 per cent,” Says Jain.
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