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hotel news India
Posted inBusiness
Airbnb and MTDC partner to promote unexplored destinations in Maharashtra
Through knowledge sharing and training workshops with hosts, the partnership will also enhance the potential of tourism to create jobs and sustain livelihoods for local communities and will spotlight unique properties as more travellers explore stays near metro cities.
Posted inBusiness
IHCL expands the presence of its amã Stays & Trails portfolio to new destinations across India
The brand has a portfolio of 24 bungalows and villas with eight-under development.
Posted inBusiness
Hotel Sahara Star opens its doors again on 16th November 2020
The hotel’s much-acclaimed Indian Specialty restaurant Namak will be open for dining along with Manuhaar – The Vegetarian Thali Restaurant and The Earthplate -Global Cuisine Restaurant. The impeccable food can now be enjoyed with a contactless menu and payment option at all food and beverage outlets of the hotel.
Posted inBusiness
Branded hotels becoming the front-runners to capture the first tranche of demand revival: Noesis Capital Advisors
Staycations and weekend getaways picking up pace post the travel restrictions have eased coupled with the confidence travellers have in branded hotels in terms of health and hygiene facilities have fueled the demand revival for branded hotels
Posted inBusiness
‘Indian hospitality sector to incur an estimated total revenue loss of approx INR 90,000 Cr in 2020,’ says HVS Anarock
Pre-COVID-19, over 11,500 rooms were to be added in both 2020 and 2021; now, only 15-20% of anticipated 2020 supply expected
Posted inBusiness
Chalet Hotels reports Q2 & H1FY21 results
On a sequential basis with all hotels being operational, Chalet’s occupancy was higher by 100 bps and ADR saw a 4% improvement, resulting in a 9% RevPAR growth compared to Q1 of the same year
Posted inBusiness
India’s hospitality industry sees 52.8% decline in RevPAR during the first three quarters of 2020: JLL
All key 11 markets in India reported a significant decline in RevPAR Performance in Q3 2020 Y-o-Y. Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 71.7% in Q3 2020 compared to Q3 2019
Posted inBusiness
China continues to top Asia-Pacific M&A deal activity during Q3 2020, finds GlobalData
Japan, Australia, India and South Korea were the other top four markets by deal volume