Kamat Hotels expands with a new IRA by Orchid Hotel in Nashik
Author : PNT Bureau
Kamat Hotels India Ltd has recently launched a new addition to their upper mid-segment hotel chain, 'IRA by Orchid Hotels,' in Nashik. This strategic expansion follows the successful establishment of two IRA hotels in Mumbai and Bhubaneswar. The new Nashik hotel is ideally situated along the bustling Nashik highway, offering 32 well-appointed rooms with modern amenities. It features two restaurants, 'Makeba' for outdoor dining and 'Crossroads' for formal dining, serving a variety of Indian and continental cuisine. It also provides electric vehicle (EV) charging stations for eco-conscious guests....
Accor expands its presence in India with the launch of Novotel Jaipur Convention Centre
Author : PNT Bureau
Accor, a global hospitality leader, has strengthened its foothold in India with the launch of the Novotel Jaipur Convention Centre (NJCC), its 24th property in the country. NJCC serves as a pivotal milestone in Accor's expansion strategy, catering to the booming business and conference travel market. The hotel, strategically located near Jaipur International Airport and major attractions, offers 226 modern rooms and exceptional amenities. It distinguishes itself as a versatile MICE facility, spanning 42 acres with 13 meeting rooms, a grand ballroom, and a vast lawn for events. This move enhances Accor's presence in India's hospitality sector and elevates Jaipur as a prime destination for large-scale events and conventions....
Olive's hybrid revolution redefines hospitality for modern travelers
Author : PNT Bureau
Olive by Embassy, a leading multi-brand hospitality management firm, is excited to announce its entry into the realm of hybrid hospitality and leisure, driven by the changing landscape of hospitality. Olive introduces four distinct brands aimed at meeting the diverse requirements of today's travelers. This approach is built on a "hospitality first" ethos and integrates various elements like hotels, co-living, coworking spaces, members' clubs, wellness amenities, and dining options within one location. Olive aims to expand its presence across India, with plans for premium resorts and luxury stays in key leisure destinations, along with an employment boost for various cities....
Roostels India diversifies into co-living and backpacker space with Roadies Rostel
Author : PNT Bureau
Roostels India, the master licensee for Roadies Rostel, plans expansion into diverse travel segments, including backpackers and co-living accommodations. With the flagship Roadies Rostel Leisure brand expanding to holiday destinations, Roadies Rostel Backpackers targets budget-conscious backpackers, and Roadies Rostel Co-living caters to short and long-term stays, including corporate guests. Roostels India's strong social media presence, coupled with its franchise model and strategic approach, positions it as a significant player in the evolving hospitality landscape, with plans for expansion in key cities and holiday destinations....
The Leela Palace Hotels embrace Beyond Green's sustainable vision
Author : PNT Bureau
Beyond Green, a global hotel portfolio focused on sustainability, has added two palace hotels from The Leela Group: The Leela Palace Bengaluru and The Leela Palace Udaipur. Beyond Green, by Preferred Hotels & Resorts, focuses on aligning with the Sustainable Development Goals related to nature, culture, and community. Currently comprising 38 hotels, mostly upper upscale and luxury properties, Beyond Green plans to expand to 42 by year-end. Around 50% of Beyond Green member hotels are not Preferred Hotel members, indicating its growth beyond the Preferred brand. This initiative aims to set higher sustainability standards beyond typical green practices....
Luxury shopping gets a new destination with the launch of Jio World Plaza
Author : PNT Bureau
Reliance Industries is set to unveil Jio World Plaza, India's largest luxury shopping destination, on November 1. Located in Mumbai's Bandra Kurla Complex, the 750,000 square feet mall will host prestigious luxury brands like Bulgari, Cartier, Louis Vuitton, and many more. Notably, Bulgari will make its debut in the Indian market through this venture. The mall will provide exclusive services such as personal shoppers, VIP concierge, wedding concierge, and porter service, enhancing the luxury shopping experience in India. With the country's evolving luxury retail landscape and increased demand, this launch marks a new era in luxury retailing....
Family Offices and HNIs fuel the Indian hospitality investment boom
Author : PNT Bureau
The Indian hospitality industry is witnessing a surge in investments from family offices and high net worth individuals (HNIs). In the first nine months of 2023, family offices have invested Rs 900 crore in hotels, which is two-thirds of the total investments of Rs 1,400 crore made in the industry. This marks a substantial increase compared to 2022 when family offices invested Rs 190 crore out of the total Rs 600 crore in the hotel sector. The investment momentum is expected to continue, reaching Rs 2,000 crore in 2023, driven by robust average daily rates (ADR) and occupancy levels in hotels across the country. Emerging markets like Ayodhya, Varanasi, Haridwar, and Rishikesh are also attracting investment....
Indian hotel industry poised for strong revenue growth in FY24
Author : PNT Bureau
The Indian hotel sector is on track for a double-digit revenue growth in FY24 powered by robust domestic and international tourism, states a recent report by ICRA Limited. The growth got a boost from global events like the G20 Summit and ICC World Cup 2023 held in India. ICRA anticipates a 70-72% occupancy rate in premium hotels across India in FY24, with average room rates expected to hover around Rs 6,000 to Rs 6,200. The report highlights improved infrastructure, enhanced air connectivity, and a rise in MICE (Meetings, Incentives, Conferences, and Exhibitions) events as key drivers behind this optimistic outlook, indicating a resilient rebound for the industry post-pandemic....
Karma Group's $100 Million Investment Plan: Elevating luxury hospitality worldwide
Author : PNT Bureau
Karma Group, led by Chairperson and CEO John Spence, is redefining luxury hospitality with its unique members-only model. They plan to invest $100 million for expansion and have partnered with EY to explore diverse financing options. Their focus on exclusivity and tailored experiences, akin to elite membership clubs, has garnered them around 85,000 members, including 25,000 from India. Recognizing evolving consumer preferences, Karma Group emphasizes the entertainment aspect of hospitality, creating memorable experiences. Their prudent financial strategy, with minimal debt exposure, and a global presence, including 15 resorts in India, mark them as pioneers in the luxury hospitality industry....
GTA leases out Sandakphu-Phalat tourism properties to boost revenue
Author : PNT Bureau
Darjeeling's Gorkhaland Territorial Administration (GTA) has leased out nine tourism properties in the Sandakphu-Phalat area to private parties due to their failure to generate sufficient revenue. These properties, mostly lodges and trekking huts along the Himalayan trail, were found to be in need of repairs estimated at Rs 6.72 crore. Sandakphu, the highest point in Bengal at 12,000 feet, is renowned for its trekking trail. The leasing decision has sparked controversy, with some alleging favouritism in property selection. GTA member Noran Sherpa defended the process, noting that a committee assessed properties' financial health before leasing them....
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