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The country’s hotel industry revenues are likely to improve by 9-10 per cent in 2016-17, mainly aided by improved occupancy, rating agency ICRA said. It estimates the topline growth for the industry to be 8 per cent during 2015-16. The pan-India average room rate (ARR) will be flat for 2015-16, but occupancy improvements of 6-7 […]

Global hospitality major Marriott International has made its first investment in India in an integrated property that houses two of its popular brands for the corporate business traveller – Courtyard by Marriott and Fairfield by Marriott. Located in Bengaluru’s IT hub, Outer Ring Road (ORR), the property was built and developed at an investment upwards […]

Global hospitality company Hyatt is looking expand its upscale Hyatt Place hotels to tier II and III cities across the country. “We recently opened a Hyatt Place in Goa. As of now, we have four Hyatt Place hotels in India, no new ones have been announced yet. However, for expansion, Hyatt Place is mainly targeted […]

Bengaluru-based start-up Treebo Hotels has expanded its operations in Pune and Kolkata, by launching a property each in these cities. With this, the start-up has expanded its presence to 52 hotels in 11 cities across the country. “Expanding into Pune and Kolkata is a significant milestone for us as these are important travel destinations for […]

Hotel chains may soon start earning more from food and beverage (F&B) than room revenues as F&B revenue has been growing constantly over the past five years while room revenue has been dipping. According to a recent HVS-FHRAI report on the Indian hotel industry, revenue from F&B segment – which includes banquets and restaurants – […]

Starwood Hotels & Resorts Worldwide today said it is planning to open five new properties in India in 2016 as part of its aggressive expansion of footprint in South Asia. “Our growth continues to be fuelled by strong domestic demand for quality and branded accommodations in Tier 1 and Tier 2 markets. India is already […]

Global hotel chain InterContinental Hotel Group (IHG) has launched its first luxury beach resort in Mahabalipuram. With InterContinental Chennai Mahabalipuram Resort, IHG marks the debut of InterContinental Resort in India.  The 105-room property is located near the UNESCO world heritage site of Mahabalipuram and offers ocean front suites and rooms along with three food and […]

The Oberoi Group announced increasing their presence on the Nile with The Oberoi Philae, a luxury cruiser that would offer a four and six night itinerary. The group already operates one cruise on the Nile- The Oberoi Zahra. “We are pleased to present The Oberoi Philae, Luxury Nile Cruiser which offers the highest standards of […]