Hospitality

The Federation of Associations in Indian Tourism and Hospitality has sought amendments to the draft Goods and Services Tax law that include making an exception for tourism and hospitality businesses, and classifying them under 6-8 per cent tax slab as some other countries do. The federation, the apex body of the sector which represents hotels, […]

Radha Group of Hotels, which has three budget hotels in Chennai and Bengaluru, has launched a luxury hotel Feathers in the western part of Chennai. The 186-room hotel has come up on 3.6 acres near the Chennai Trade Centre. Feathers hopes to tap into the lack of luxury hotels in the area, which is close […]

Aiana Hotels and Resorts, a Qatar-based company that will operate and manage hotels, is making its debut in India with the launch of Aiana Munnar, a premium property owned by Alex and Tsarina Vaccha, an NRI couple based in Dubai. Aiana Hotels is a 50:50 joint venture company between Qatar’s eminent businessman Sheikh Faisal bin […]

The Indian restaurant industry will contribute Rs 22,400 crore by way of taxes and create 5.8 million direct jobs in 2016, Indian Food Services Report (IFSR), 2016, revealed today. The report, prepared by industry body National Restaurant Association of India (NRAI), said the country’s food services market is worth over Rs 3.09 lakh crore and […]

Global hospitality player Accor Hotels on Wednesday announced that it has acquired FRHI Hotels & Resorts and its three prestigious luxury hotel brands: Fairmont, Raffles and Swissôtel. This comes after the approval of shareholders at the general shareholders meeting on July 12. Sébastien Bazin, Chairman and Chief Executive Officer, Accor Hotels, said in a statement, […]

The Indian restaurant industry will contribute Rs 22,400 crore by way of taxes and create 5.8 million direct jobs in 2016, Indian Food Services Report (IFSR), 2016, revealed on Wednesday. The report, prepared by industry body National Restaurant Association of India (NRAI), said the country’s food services market is worth over Rs 3.09 lakh crore […]

Hospitality chain SFC Group will invest Rs 100 crore to expand its quick service restaurants (QSR) vertical SFC Plus across South India. The company proposes to add 25 new SFC Plus restaurants in the next four years to capitalize on the growing popularity of QSR and consolidate its presence in South India. In the next […]

Tata Group firm Indian Hotels Company (IHCL) has sold Taj Boston, one of its three US-based properties, for $125 million (Rs 839 crore) to AS Holding LLC. The sale comes nearly a decade after IHCL bought the 90-year-old property after attempts to revive business at the iconic hotel remained fruitless. IHCL had bought the 273-rooms […]

Education and Hospitality firm MBD Group and German hospitality chain Steigenberger Hotels have entered into a joint venture to manage and franchise hotels under the brand ‘MBD Steigenberger’ in India, with a target to open 20 luxury hotels over the next 15 years. The company expects an annual revenue of hotels under management/franchise of nearly […]

Private equity players are increasingly looking to invest in operational hotels rather than underconstruction projects to avoid project delays and cost overruns as they look to deploy more capital into the sector. Large global and domestic funds like Blackstone Group, TPG Capital Management and Capital International Group, Goldman Sachs and SAMHI are some of the […]