According to Crisil Research, the average room rates in cities like Chennai, Hyderabad and Bangalore are likely to fall 5-10 per cent in the next few months. Industry experts said the occupancy rates could fall from 75-80 per cent now to 65-70 per cent soon.
IHHR Hospitality Private Limited will open five business hotels in India over the next three years, and has embarked on a Rs 500 crore (Rs 5 billion) investment plan to expand its footprint, senior company executives said on Friday.
The Royal Indian Raj International Corporation has announced a tie-up with Choice Hotels India to build 100-125 budget hotels in Delhi, Mumbai, Hyderabad, Bangalore, Goa and Pune by 2010.
Taj Group of Hotels will invest about Rs 1,000 crore (Rs 10 billion) for building four hotels in Bangalore.
Pune-based St Laurn group will establish 11 business hotels in Pune, Bangalore, Jaipur, Shirdi and Ahmedabad in two years. The company has already set up two five-star hotels in Pune and is about to finish the work of a five-star hotel in Ahmedabad and a star resort in the pilgrim town of Shirdi.
If confirmation was required that the Indo-US nuclear deal has opened doors for business between the two countries, it is here.
Low occupancy rate and ARR together led to significant fall in RevPAR of the hotel sector, affecting its profitability significantly in the busy quarter ended March 2009.
Accused of rape under the stringent POCSO act, Arjuna award-winning Indian hockey player Varun Kumar has withdrawn from the FIH Pro League in Bhubaneswar to explore his legal options against the allegation, which he described as a "calculated attempt to extort money" from him.
As part of its major expansion plans, ITC Ltd will build three new super deluxe luxury hotels in Chennai, Bangalore and Hyderabad at a cost of Rs 1,000 crore (Rs 10 billion).
While Mumbai (including Navi Mumbai) registered the highest average rate (Rs 7,105), Goa had the highest revenue per available room at Rs 4,778.
'On the set, Ranveer and I got along really well. Ten days after the release, Ranveer messaged me and said, you have killed the scene! For someone like him to message me just says how supportive person he is of newcomers.'
Approximately one-fourth of Hyatt's global pipeline of more than 120 property is earmarked for India, for which the city-headquartered company has committed additional capital as it undertakes selected developments with its Indian partners.
The Vatika group's subsidiary, Vatika Hospitality Pvt Ltd, will announce two new Westin hotels in the country -- The Westin Sohna Resort and The Westin Bangalore.
Nandan Nilekani, chairman of the Unique Identification Authority of India, is the latest to join a host of politicians taking to austerity and is likely to shift to the modest Karnataka Bhavan here from a 5-star hotel.
The country's leading players, including Ravindra Jadeja and VVS Laxman, will go under the hammer in the players' auction for the fifth Indian Premier League in Bangalore on February 4. Besides Jadeja and Laxman, several other Indian and foreign cricketers will be up for grabs when proceedings begin at 11:00 IST at the ITC Royal Gardenia Hotel.
Deve Gowda is particularly fond of his grandson and has always considered him as the successor to their political legacy. When Nikhil's involvement in the brawl was grabbing headlines, Gowda senior left not stone unturned to defend him. He was also upset about the manner in which the media went hammer and tongs against his grandson.
In a bid to grab the larger market share in the hospitality industry and strengthen its brand, Tatas-owned Taj Group of hotels has launched a major upgradation programme of its business hotels both in India and overseas.
An investment of Rs 61,000 crore will be needed to overcome hotel room shortage in the country.
Shaken by the terrorist attack in Mumbai, former England captain Michael Vaughan thanked his lucky stars as he revealed that but for a last-minute change of practice venue he could have been at one of the hotels that were targeted.
Bengaluru South Lok Sabha member Tejasvi Surya was trolled and criticised by a section of social media users accusing him of relishing dosa and promoting an eatery in his constituency, when many parts of the city have been reeling under torrential rains and floods.
A booming economy has every chain worth its salt building for the future, but there's little to show for it this year and next.
The pic, captioned with a heart emoji, has the Royal Challengers Bangalore batter sporting a broad grin while Anushka Sharma, in a no make-up look, smiles, with what looks like daughter Vamika's play area in the background.
Kedar Jadhav reveals how he made his way back into the RCB team
The reason why Jamsetji Tata built the Taj Mahal Hotel was his love for Mumbai and India. For him, the 'why' was so powerful that it urged him to stake his reputation, withstand all scepticism, and invest a very large sum of resources to create the iconic hotel.
The 112-year old hotel chain has readied a three-pronged turnaround plan
'One thing about ISRO is that all the people who work there are passionate about their work.' 'They did not mind spending day and night over there.' 'Even today it is like that.'
Her cotton, chiffon and Chanderi saris score high on comfort and drape like a dream.
Royal Challengers Bangalore took time out from their IPL 2022 training and playing schedule to celebrate Vini Raman and Glenn Maxwell's wedding with a grand party at the team hotel last week.
India's top metro cities need to improve their infrastructure and other civic amenities too.
Rohit Sharma took to social media to share a photo of his teammates following the IPL 2022 auction.
Taylor made the revelation in his new autobiography, Ross Taylor: Black & White
Kohli had left the Indian team bubble in Pune after the three-match ODI series against England on Sunday. He will undergo the mandatory seven-day quarantine in his hotel room before he joins his RCB team-mates for practice.
Baroda off-spinner Mahesh Pithiya, whose bowling style is quite similar to Ravichandran Ashwin, has flown to Bengaluru for the visitors' four-day training camp in Bengaluru after Australia's coaching staff had seen his clips on Instagram.
It is curtain call for the 57-year-old landmark Kohinoor Hotel in Bengaluru, says Vicky Nanjappa
Cirkus is boring and puerile, notes Sukanya Verma.
'>'God, thank you for bringing me here safely. I am so happy and I feel so blessed with friends and family, especially you Lord.'
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