Hospitality & Retail

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Tree of Life: Cultivating Sustainable Hospitality at Dusit International

Author : PNT Bureau

Dusit International, a leading Thai hotel and property development company, launched its ambitious sustainability initiative, "Tree of Life." Designed to embody environmental, social, and governance elements, the program introduced four levels of achievement, encouraging Dusit properties to operate sustainably. Led by a dedicated Sustainability Committee, the initiative aims to protect vulnerable species, reduce waste, conserve energy, and support local communities. As hotels and business units progress through the levels, guests can easily identify their sustainability efforts. "Tree of Life" reflects Dusit's values, signaling their commitment to making a positive impact in every place they touch....

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Mahindra Holidays' Bold Venture: New resort brand to disrupt Indian travel industry

Author : PNT Bureau

Mahindra Holidays & Resorts India is gearing up to introduce a new resort brand to captivate the growing traveller demographic in India. The brand aims to offer nightly accommodations, challenging established market leaders. The company seeks to double its room inventory by 2030, catering to over 340,000 members globally across 135 resorts. With zero debt and a 20% increase in total income, Mahindra Holidays is also on track to be entirely debt-free by 2024-25, providing a promising platform for the aggressive expansion of their timeshare offerings....

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ITC approves demerger of hotel business to form new entity 'ITC Hotels'

Author : PNT Bureau

FMCG giant ITC has announced the demerger of its hotel business, leading to the creation of a new entity, ITC Hotels Ltd, as a wholly-owned subsidiary of ITC Ltd. The demerger aims to attract specialized investors and strategic partners for the hospitality segment while unlocking value for ITC's shareholders. By creating a separate entity, ITC can focus on optimizing each segment's operations and cater to specific industry needs. The move reflects ITC's vision for growth and increased agility in the competitive hospitality market. While some may raise concerns about the conglomerate's stability, the benefits of focused operations and targeted investments outweigh potential drawbacks....

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Hospitality Hub: North Goa Airport partners with Ginger and Accor SA for Hotels

Author : PNT Bureau

The North Goa Airport, also known as Manohar International Airport Mopa, is set to see significant development with the addition of two new hotels near the parking lot. Operated in collaboration with Ginger hotels and renowned French hospitality firm Accor SA, these hotels will offer 100 and 200 rooms in their first and second phases, respectively. The hotels' location near the airport and the booming real estate and tourism in Goa are expected to drive room rates between Rs. 8000 to Rs. 10,000 per day. The public-private partnership venture signifies a promising future for Mopa Airport, benefiting from the increasing demand for accommodations in the state....

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IHCL launches a new Ginger Hotel in Kolhapur, expanding its presence in Maharashtra

Author : PNT Bureau

Indian Hotels Company Limited (IHCL) has expanded its presence in Maharashtra with the introduction of a new Ginger hotel in Kolhapur. The addition of this hotel reflects IHCL's commitment to providing quality accommodation options across India. The Ginger hotel in Kolhapur will feature 70 well-appointed rooms, a multi-cuisine restaurant, a meeting room, and a fitness centre. With its strategic focus on emerging markets, IHCL aims to tap into the growing demand for affordable accommodation in tier-II and tier-III cities. The presence of IHCL in Kolhapur will contribute to the local economy and enhance the city's reputation as a preferred destination for both business and leisure travellers....

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Mandarin Oriental to introduce its third London hotel by 2028

Author : PNT Bureau

Mandarin Oriental plans to open its third luxury hotel in London by 2028, adding to its existing properties in Hyde Park and Knightsbridge. The strategically located hotel will offer a lavish experience, combining contemporary elegance with classic British charm. With exceptional service, opulent amenities, and renowned dining options, the Mandarin Oriental London aims to attract both business and leisure travellers. The hotel will feature extensive wellness and leisure facilities, providing a tranquil escape from the bustling city. Set to enhance London's hospitality scene, the opening of this prestigious property is highly anticipated....

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FIVE hotel group achieves historic milestone of 100% renewable electricity in UAE

Author : PNT Bureau

FIVE Hotel Group has become a trailblazer in sustainability by achieving a monumental feat in the UAE—obtaining 100% renewable electricity. Through a collaborative effort with the Dubai Electricity and Water Authority (DEWA), FIVE has emerged as the first hotel group in the country to receive this distinction. This achievement highlights the power of collaborative innovation and demonstrates FIVE's unwavering commitment to Sustainable Development. With a significant reduction in carbon use intensity and ambitious action plans for the future, FIVE aims to inspire others and create a reality where audacious dreams, creative building, and vibrant living converge for climate revitalization....

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Titan to open 18 international stores of Tanishq in FY24

Author : PNT Bureau

Titan, a subsidiary of Tata Group, is planning to expand its global presence by opening 18 new stores for its jewellery brand, Tanishq, with a focus on the Gulf region. The company aims to have a total of 25 stores by the end of the fiscal year, driven by high demand for Tanishq jewellery. Titan also plans to expand its eye care business through the Titan Eye+ brand, initially targeting the GCC region. The company is intensifying efforts in the Tamil Nadu market and enhancing its presence in the Watches & Wearables segment. Titan achieved consolidated revenue of Rs 40,575 crore in the fiscal year 2023....

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Tamil Nadu modifies regulations, mandates hotels to offer driver accommodation

Author : PNT Bureau

The government of Tamil Nadu has issued new regulations requiring hotels in the state to provide accommodation for drivers. The move aims to address the lack of suitable lodging options for drivers, enhancing their well-being and road safety. The guidelines mandate hotels to allocate a certain percentage of rooms for drivers, with specific proportions to be determined based on the hotel's size. The initiative has been applauded for improving living conditions and job satisfaction for drivers. While some concerns have been raised by hoteliers, the government assures a phased implementation process taking into account individual circumstances. This decision sets a positive example for prioritizing driver welfare and road safety....

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Retail industry struggles to secure quality real estate amidst challenges

Author : PNT Bureau

Finding high-quality real estate is becoming increasingly challenging for brands across industries due to soaring rents and heightened competition for space. Major retailers, aiming to compensate for the sluggish growth experienced in 2020 and 2021, are now ramping up their expansion plans post-COVID. However, the swift return of consumers to physical stores has outpaced the availability of suitable properties, exacerbating the situation. The pandemic-induced delays in retail projects have further contributed to the shortage of available spaces. Rising property rates and escalating rentals have added to the complexity....