News for '-nandivardhan-jain'

Mercedes-Benz, BMW eyeing India's luxe realty sector

Mercedes-Benz, BMW eyeing India's luxe realty sector

Rediff.com9 Jan 2026

According to multiple sources close to the development, Mercedes-Benz is already in talks with multiple developers in Gurugram for a luxury branded residence project.

Hospitality deals pick up after a lull as HNIs, family offices check in

Hospitality deals pick up after a lull as HNIs, family offices check in

Rediff.com3 Jun 2022

After a two-year lull, the deal pipeline in India's hospitality sector, which has witnessed a strong revival since the second wave of the pandemic receded, is running full. Family offices, high net-worth individuals (HNIs) and institutional investors are looking at the sector with renewed interest, according to investment and transaction advisory firms working on multiple deals. Most of them declined to divulge details of the deals for reasons of confidentiality. The cumulative debt of the tourism, hotels and restaurant sector rose 8.2 per cent year-on-year (YoY) to Rs 64,408 crore as of March 25, 2022 against Rs 59,519 crore on March 26, 2021, according to the Reserve Bank of India.

Sparkling Diwali For Hotels, Tour Operators

Sparkling Diwali For Hotels, Tour Operators

Rediff.com17 Oct 2022

'Consumers are willing to increase travel spends by 20-30 per cent versus pre-pandemic.'

Planning a vacation this Diwali? Good news awaits you

Planning a vacation this Diwali? Good news awaits you

Rediff.com8 Oct 2022

After years of being sequestered by the pandemic, some intrepid travellers are planning to settle their score with the novel coronavirus. With fewer or no travel curbs, they are eager to get back on the road, again. Hotels and tour operators, too, are eager to shed excess Covid baggage. And this year's Diwali promises to add that extra layer sparkle with the introduction of new flights.

Business hotels start seeing signs of recovery after protracted lull

Business hotels start seeing signs of recovery after protracted lull

Rediff.com15 Feb 2022

Encouraged by a steady recovery seen in the first two weeks of February, hospitality firms expect the business hotels in metros including Mumbai, Bengaluru, Chennai, Kolkata and Hyderabad that have been lagging the leisure hotels in terms of revenue per available room (RevPar) to catch up in the coming months. Huge pent-up demand for MICE (meetings, incentives, conference and exhibitions) as companies slowly return to hosting physical events coupled with easing of the recently announced restrictions on international travel, will also help in getting closer to pre-Covid levels of revenue, they said. The Omicron wave that peaked in January had derailed the strong month-on-month recovery seen by the hotels since August.

After brisk Dec, hotels face biz loss as Omicron drives cancellations

After brisk Dec, hotels face biz loss as Omicron drives cancellations

Rediff.com13 Jan 2022

In a bad start to the new year, hotels are counting their losses again. Weddings and corporate events for this month have either been called off or postponed. The blow has throttled the nascent recovery which had kicked in around August. It is primarily hurting the banquet-driven hotel chains, some of which are seeing cancellations running into lakhs for a single day.

20-25% of Hotels may Close Down Forever

20-25% of Hotels may Close Down Forever

Rediff.com16 Jul 2021

'On an average we have been getting four to five such proposals a month, but we aren't pursuing them as they don't tick the boxes.'

ITC Hotel to launch boutique luxury property, its 6th

ITC Hotel to launch boutique luxury property, its 6th

Rediff.com2 Oct 2021

Mementos, the new brand, would be aimed at addressing the need for boutique luxury hotels across various destinations.

Big fat Indian weddings to the rescue of 5-star hotels

Big fat Indian weddings to the rescue of 5-star hotels

Rediff.com24 Aug 2020

Hotels are also relying on couples who had earlier planned destination weddings but are now considering options within the country.

How hotels in India plan to tide through COVID-19

How hotels in India plan to tide through COVID-19

Rediff.com11 May 2020

Hotels are using a combination of platforms to reach out to the guests. These include online travel agents among others. hotels in India are offering guests an option to pay now and stay later.

It's raining freebies and discounts at hotels!

It's raining freebies and discounts at hotels!

Rediff.com17 Dec 2020

From free salons to discounted room rates, hotels are offering it all.

'A third of the hotels might close down forever'

'A third of the hotels might close down forever'

Rediff.com31 Jul 2020

With demand drying up, hotels are surviving on quarantine centres and isolation facilities.

How unbranded hotels are writing their growth story

How unbranded hotels are writing their growth story

Rediff.com7 Feb 2019

How unbranded hotels are hitching a ride on branded ones for growth. Overall, India's hospitality market has seen close to 7,133 hotel rooms being converted into organised, branded space over the last 36 months, said Jain.