With South East Asia becoming a hub for tourists both from India and the west, the Taj Group of hotels on Friday said it will manage an exotic island resort in Malaysia to set up its presence in one of the region's key destinations.
Tata group controlled Taj Hotels Resorts and Palaces is in the lookout for tie-ups with international hospitality groups in Asia Pacific
Indian Hotels Company Ltd (IHCL) net profit rose 15 per cent in the second quarter after excluding the one-off exceptional gain of Rs 307 crore in the previous year. Net profit fell 45 per cent when compared with the previous year's earnings after including a one-off gain.
The company divests from properties abroad to focus on its key markets.
'While the concept was introduced globally over four decades ago, branded residences have taken off now in India.'
Indian Hotels Company Ltd has secured New York-based Pierre Hotel on lease.
Taj Dubai will be the first international property to house 'Chambers' and offer facilities and privileges.
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They are also feature among the top 500 in the world.
Tata group's hospitality firm Indian Hotels Company Ltd (IHCL) on Friday said its 'Taj' brand has been rated as the strongest hotel brand in the world. According to the 'Hotels 50 2021' report by Brand Finance, Taj topped the strongest brands list for having stood resilient in spite of the challenges posed by the pandemic, besides other achievements.
Taj Leisure Hotels will open its first property in Bhutan soon. Called Taj Tashi, the hotel will be set up in Thimphu at an investment of Rs 50 crore.
Armed with Rs 650 crore (Rs 6.50 billion) fund for acquisitions, Tata Group firm Indian Hotels Company said on Wednesday that it would open one Taj exotica resort in Mauritius.
4.5 million weddings are expected across India.
In a bid to expand its presence in the US market, Indian Hotels Co, operator of Taj hotels, resorts and palaces on Tuesday said it will acquire US-based Hotel Campton Place for around Rs 264 crore ($ 60 million).
Taj Hotels Resorts and Palaces, Asia's largest hospitality chain, is looking to set up luxury properties in Africa, West Asia, China and Southeast Asia.
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Taj Hotels Resorts and Palaces, decided the welcoming staff at the group's Luxury Hotels would be draped in the rich colours and designs of the Banarasi saris. Taj had adopted three villages in Varanasi and employed 25 master weavers there for the project. It will be subsequently replicated at all 10 Luxury Hotels of the group across the country for duty managers and front office staff. For the Taj sari, a weaver is paid Rs 1800 directly, without a middleman.
The uniqueness will come from the extra comfort we will provide in our rooms, or free internet services in the hotels. Our two hotels in Goa and Srinagar have golf courses.
Ginger Hotels, the no-frills brand by Roots Corporation, a 100 per cent subsidiary of Indian Hotels which operates Taj Hotels Resorts and Palaces, is in talks with real estate developers to rent space in commercial complexes to run its hotels.
This would be a 100 per cent jump over 2024, when the state had logged tourist inflow of 650 million
Indian Hotels reported strong consolidated revenue growth of 29 per cent year-on-year (Y-o-Y) in the third quarter of the current financial year (Q3FY25), led by revenue per available room, or RevPAR, growth of 15 per cent. The average room rate, or ARR, was up 13 per cent and occupancy improved 120 basis points (bps) Y-o-Y on a standalone business. Like-for-like revenue growth was 15 per cent Y-o-Y, while TajSats (airline catering) grew by 18 per cent Y-o-Y.
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Taj will manage the hotel for 10 years after its commissioning in 2009.\n
Taj GVK Hotels & Resorts Ltd board approved amalgamation of the company with subsidiary Punjab otels Ltd.
With the rise of wellness tourism and experiential travel, specialised jobs are being created in spa management, event planning and local experience curation, besides social media management.
The rise of domestic leisure travel, helped by rising income levels, is helping the industry offset the sluggishness in business from foreign visitors
While Tata Motors is looking to set up new assembly facilities through local partners in countries like Tunisia and Kenya, the group's hospitality chain Taj Hotels Resorts and Palaces is also considering 'proposals from three-four' countries to set up new properties.
Taj Group enters Dubai with 296-room luxury hotel.
'Adventure travel, cultural tours, and wellness retreats are in high demand.'
In the longer-term, analysts expect IHCL to see revenue CAGR of 15 per cent between FY23 to FY25 and Ebitda CAGR of 20 per cent in the same period. Analysts are seeing targets of around Rs 375-Rs 380 for the stock, which is a significant upside from the current Rs 313.
From high-end villas with private sommeliers to exclusive showcases at cultural centres to private sessions with Michelin-starred chefs and celebrities, hotel chains are pulling out all the stops
Marriott now has 30 brands globally with over 5,700 properties in over 110 countries
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