Hotel tariffs drop 20% after terror attacks

Hotel tariffs have dropped by as much as 20 per cent after last week's terrorist attacks on Mumbai that forced international tourists to cancel travel plans. Tariffs may fall as much as 45 per cent......

Worldwide financial shocks hit Indian hotels

After two years of roaring business, the hotel industry is checking in for tough times. The global financial turmoil and growing domestic terrorism in major cities have triggered a fresh round of......

Global hotels to mushroom in India

A booming tourism industry in the country has prompted over a dozen global chains -- including the Hilton, Accor, Marriott International, Berggruen Hotels, Cabana Hotels, Premier Travel Inn and......

Cushman plans hospitality arm

Betting on the growing demand for hospitality services in Asia Pacific, especially in India and China, global real estate services firm Cushman & Wakefieldhas acquired two hotel consultancies to......