14 Sep 2023

Hyatt Hotels, a prominent player in the hospitality industry, is set for substantial growth in the Indian market. The company plans to expand its current portfolio of 43 properties to a total of 50 by year-end, with a long-term goal of reaching 100 properties in the next five years. In the past year, Hyatt successfully opened nine new hotels and is preparing to add 10 more to achieve its target of 10,000 rooms in India. The expansion includes introducing new brands like Hyatt Centric and Hyatt Place in various locations, focusing on experiential packages to enhance guest experiences, and positioning itself as the preferred choice for travellers in the region.Read more

14 Sep 2023

Lulu Group, a prominent UAE-based retail conglomerate, is set to construct a massive shopping mall in Ahmedabad, India, as part of its strategic expansion plans. This ambitious project, one of the largest in the region, aims to offer modern amenities and generate significant employment opportunities in the area. In addition to Ahmedabad, Lulu Group is planning another substantial shopping mall in Chennai and is about to inaugurate one in Hyderabad. This move underscores the group's commitment to enhancing India's retail landscape, boosting the local economy, and providing a world-class shopping experience while reaffirming India's appeal for international investment.Read more

13 Sep 2023

The renowned jewellery brand Tanishq, a part of the Tata Group, has celebrated the grand reopening of its store at Shivranjani Cross Road in Ahmedabad. The event was attended by C K Venkataraman and Niraj Bhakare, Regional Business Head (West) of Titan Company Limited. Tanishq is known as India's beloved jewellery brand, offering a wide range of gold, diamond, solitaire, and bridal collections, including a High-Value Studded Zone from Rivaah, their wedding jewellery sub-brand. The revamped 14,000 sq ft store in Ahmedabad features iconic designs and unique sub-brands, and to mark its reopening, it offers special promotions like free gold coins and discounts on jewellery purchases.Read more

13 Sep 2023

Haldirams, renowned for its healthy home-based snacks, is capitalizing on the rising demand for restaurants in South and West India. Haldiram Foods International is set to expand its restaurant business in these regions, adding approximately 200 outlets to its existing network of 250 across India over the next two years. This strategic move aims to bolster Haldirams' presence in the country's restaurant industry, catering to the growing appetite for both healthy snacks and quick-service restaurants. With foreign snack companies holding a dominant market share, Haldirams is determined to compete, actively seeking partners and engaging in research and development to expand its footprint in India's snack and restaurant spaces.Read more

12 Sep 2023

Hotel stocks are reaching new highs, driven by upcoming events like the G20 Summit, ICC Men's Cricket World Cup, and the wedding season. Despite a weak second quarter due to the monsoon, experts remain optimistic, expecting a surge in demand, especially from international tourists returning to pre-COVID levels. Leading hotel chains have posted strong financial performances, with occupancy rates set to improve. Room rates are also seen in an upward trend. The Indian hotel sector is showing resilience and potential for growth, making it an attractive investment amid positive market sentiment.Read more

11 Sep 2023

Brookfield Asset Management has committed over Rs.1,500 crore to The Leela Palaces, Hotels and Resorts, following an initial Rs.4,500 crore investment, marking the largest-ever foreign investment in India's hospitality sector. The brand is experiencing its best performance in three decades, driven by strong profit margins and ambitious expansion plans, including introducing the Leela Palace brand to Mumbai's Central Business District. Brookfield's global investments are propelling The Leela into international markets, with sustainability initiatives and significant room additions on the horizon, ensuring the brand's promising trajectory.Read more

04 Sep 2023

A tragic fire outbreak at the Galaxy Hotel near Mumbai's Chhatrapati Shivaji Maharaj International Airport has claimed the lives of three individuals and left two others injured. The victims were passengers in transit, and the fire occurred due to a suspected short circuit. The hotel lacked integrated firefighting systems, and the presence of combustible materials intensified the flames. This incident underscores the critical importance of stringent fire safety measures, especially in older establishments. It serves as a sombre reminder of the need for comprehensive fire safety regulations and their strict implementation to prevent such tragedies in the future.Read more

02 Sep 2023

Gujarat's inaugural privately-owned public Hospitality and Convention Centre, named "The World," is set to open its doors, coinciding with Prime Minister Narendra Modi's birthday. Developed by Hindva Group, the centre signifies Surat's evolution into a thriving hub for hospitality, business, and culture. This innovative project offers high-end facilities, including furnished apartment rooms, meeting spaces, and a co-work area. The centre aims to address the shortage of hospitality space and foster national and global connections. Hindva Group's visionary approach, FinTech initiatives, and expansion into IT and hospitality exemplify their commitment to innovation and excellence.Read more

31 Aug 2023

Bhutani Infra, a Delhi-NCR based real estate developer, is set to construct a commercial high-street mall in Noida sector 133, investing Rs 500 crore in the endeavour. The project will span around 3 lakh sq ft in its first phase and is expected to be completed within 30 months. This initiative is in addition to Bhutani Infra's ongoing projects, including Bhutani Cyberthum and Avenue 62, both located in Noida. The upcoming mall will offer premium retail space, a food court, and wellness facilities, contributing to the region's commercial landscape.Read more

31 Aug 2023

Reliance Industries and The Oberoi Hotels and Resorts are joining forces to manage three prestigious hospitality projects, including the Anant Vilas Hotel in Mumbai's Bandra Kurla Complex, Stoke Park in the UK, and an upcoming project in Gujarat. This strategic partnership aims to redefine luxury hospitality by blending urban luxury with bustling business districts and enhancing world-class destinations. The collaboration underscores their commitment to innovation, quality, and guest-centric experiences, promising to reshape the hospitality industry landscape.Read more