Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Taj Mahal Hotel, which completed 100 years of existence on Tuesday, will continue as the symbol of India's hospitality and warmth, Tata Group Chairman Ratan Tata said in Mumbai.
The tata group intends to invest Rs 1,500 crore (Rs 15 billion) in setting up 150 'value hotels' in India and abroad over the next five years.
In a departure from the past, when IHCL adopted the organic route for entering markets like London and New York, this time around the expansion will be acquisition-led.
The data shows the average room rate of two-star hotels increased by 8.5 per cent in FY18, even though it lagged on occupancy at 61.8 per cent, down 1.4 per cent year-on-year
The decision to auction Taj Mansigh brings to an end a six-year-old tussle between the NDMC and Tata Group, which has operated the landmark property for nearly four decades.
Hotel companies said the conditions are not investor friendly and making money on the property could be tough in the initial years.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Corporate clients form more than half of the business for most branded hotels, especially in cities.
Marriott-Starwood, Carlson Rezidor and others are winning the tug-of-war for customers with local hotel chains as they add new properties at a breakneck speed.
A British court on Monday began hearing the compensation claim of man paralysed during the 2008 Mumbai terror attacks with the victim suing the owners of the iconic Taj Mahal Palace Hotel, alleging they neglected security despite warnings of an imminent assault.
NDMC to auction Taj Mansingh within three months.
The court, however, asked the civic body to grant six months "breathing time" to the company in vacating the hotel in case they lose out in the e-auction.
Hoteliers are tweaking their pricing strategies to adjust to the new stickiness in the market.
This would be the fourth time the New Delhi Municipal Council would be giving an extension.
However, many historians, conservationists and artists have slam move to 'entrust' Red Fort to cement company.
Fourteen per cent of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor.
The decision was taken at a council meeting on Thursday after the home ministry wrote to the civic body to cancel the company's first right of refusal.
The city's landmark five-star Taj Mahal hotel, popularly called the Taj Mansingh after the road it's situated on, is likely to get yet another lease extension.
Only 10,059 tourists have visited the state this month compared to around 90,000 in July
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
During the checks on the Cessna aircraft registered with Business Jets India, the DGCA found that the pilots in command did not have necessary training certificates.
The Tata group-owned budget hotel chain is going back to drawing board to reboot the brand. Is it too late?
Tata, 78, who retired as Tata Group Chairman nearly four years back, justified his return for "maintaining stability and continuity of leadership" and promised to give the group "a world-class leader" when a fulltime boss is appointed.
The company divests from properties abroad to focus on its key markets.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
The 36 new properties, which will also include expansion across two new countries, will add 5,431 rooms.
The sudden resignation and almost-immediate announcement of a successor came as a surprise to many.
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