Business Line dt.28/4/09.
ON Kitchen & Bar commenced operations in Hyderabad. OK Kitchen is promoted by Sandeep Bhatia.
Monday, April 27, 2009
Tourist arrivals to India to grow
The Hindu Business Line
Thiruvananthapuram, April 25 In these tough times, the Pacific Asia Travel Association (PATA) has some encouragement for India’s travel and tourism industry.
http://www.thehindubusinessline.com/2009/04/26/stories/2009042651000500.htm
Thiruvananthapuram, April 25 In these tough times, the Pacific Asia Travel Association (PATA) has some encouragement for India’s travel and tourism industry.
http://www.thehindubusinessline.com/2009/04/26/stories/2009042651000500.htm
Taj group to take over Sea Rock
April 23 Times of India ( online)
The long-silent Sea Rock hotel in Bandra, where Bollywood superstar Rekha used to workout and where Salman Khan and Sangeeta Bijlani shared many cups of coffee, is getting a new lease of life. The 440-room property……..
http://timesofindia.indiatimes.com/Business/India-Business/Taj-group-to-take-over-Sea-Rock/articleshow/4436970.cms
The long-silent Sea Rock hotel in Bandra, where Bollywood superstar Rekha used to workout and where Salman Khan and Sangeeta Bijlani shared many cups of coffee, is getting a new lease of life. The 440-room property……..
http://timesofindia.indiatimes.com/Business/India-Business/Taj-group-to-take-over-Sea-Rock/articleshow/4436970.cms
Chennai hoteliers keep building in slowdown
April 22 Hindu Business Line
Despite a slump in occupancies (to about 50 per cent), Chennai is witnessing no slowdown in construction of hotels. Coming up in the city are as many as seven large hotels, with a total investment of over Rs 2,000 crore…….click the following link for more details..
http://www.thehindubusinessline.com/2009/04/23/stories/2009042351921700.htm.
Despite a slump in occupancies (to about 50 per cent), Chennai is witnessing no slowdown in construction of hotels. Coming up in the city are as many as seven large hotels, with a total investment of over Rs 2,000 crore…….click the following link for more details..
http://www.thehindubusinessline.com/2009/04/23/stories/2009042351921700.htm.
Thursday, April 2, 2009
Leela to invest $500 mn in five hotels by 2012
Courtesy: Business Standard, 2nd April 2009
Hospitality player The Leela Hotels, Palaces and Resorts is planning to invest $500 million (about Rs 2,500 crore) for opening five new
properties across the country by 2012.
http://economictimes.indiatimes.com/News/News-By-Industry/Services/Leela-Group-to-invest-500-mn-in-five-hotels-by-2012/articleshow/4344142.cms
Hospitality player The Leela Hotels, Palaces and Resorts is planning to invest $500 million (about Rs 2,500 crore) for opening five new
properties across the country by 2012.
http://economictimes.indiatimes.com/News/News-By-Industry/Services/Leela-Group-to-invest-500-mn-in-five-hotels-by-2012/articleshow/4344142.cms
Hotels to keep expansion in full swing
Courtesy: The Economic Times, 2nd April 2009
Synopsis of the news
A Recessionary business environment has net deterred hotel chains like Marriott, Accor, Hyatt and Roual Orchid from going a head with their expansion plans. Hoteliers view the downturn as a cyclical phenomenon and expect a revival by 2010-11.
Accor expanding its hotel network in India, with 48 hotels (9,980 rooms), which will be a mix of its brands.
Global Hyatt planning 20 new properties including 6 Hyatt Place hotels. Expansion will add around 6000 rooms
Marriott opening 24 new properties over the next few years with room inventory going over 10,000.
Royal Orchid adding additional 1,000 rooms to its inventory in 4- and 5-star category in the next 2-3 years.
Synopsis of the news
A Recessionary business environment has net deterred hotel chains like Marriott, Accor, Hyatt and Roual Orchid from going a head with their expansion plans. Hoteliers view the downturn as a cyclical phenomenon and expect a revival by 2010-11.
Accor expanding its hotel network in India, with 48 hotels (9,980 rooms), which will be a mix of its brands.
Global Hyatt planning 20 new properties including 6 Hyatt Place hotels. Expansion will add around 6000 rooms
Marriott opening 24 new properties over the next few years with room inventory going over 10,000.
Royal Orchid adding additional 1,000 rooms to its inventory in 4- and 5-star category in the next 2-3 years.
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