According to Bloomberg, Oyo Hotels, the once high-flying Indian startup, is shelving plans for an initial public offering in 2022 after a market downturn that would hurt its valuation, according to people familiar with the matter. The board of Oyo, formally known as Oravel Stays Ltd., talked through a change in the offering’s timing during multiple meetings last week and earlier this week after consulting with its bankers and investors, said the people, asking not to be identified because the decisions aren’t yet public. If the company picks up the process again by year end, the earliest possibility for an…
Author: Asmita Mukherjee
Hilton announced the signing of an agreement with CKR Resorts Private Limited to launch Hilton’s flagship brand in Hyderabad, with Hilton Hyderabad Resort & Spa. Hilton continues to expand its presence in India and currently operates 24 hotels, seven of which are Hilton Hotels & Resorts properties. Navjit Ahluwalia, senior vice president and country head of Hilton in India, said, “I am thrilled to announce the signing of Hilton Hyderabad Resort & Spa. We actively explore strategic opportunities to deploy our brands across the country and this signing reinforces our presence in the southern region of India. We are pleased…
Entrepreneur Anil Kumar Prasanna, co-founder & ex-CEO AxisRooms, today announced the launch of his new venture Tiniva, a low code/no code platform and a super App for the hospitality services industry. Tiniva, a Hotel Super App, will empower Hospitality service providers to delight digital consumers through a host of ready-to-use experiential applications and services during their stay. Talking about the venture, Anil Kumar Prasanna, Founder & Director Tiniva said, “The emerging digital consumer is driven by convenience, choice, and instant gratification. Tiniva Hotel Super App is built based on our own experience, and this Super App is a connected…
Global hospitality technology platform, OYO today announced that its customers will be eligible for a free stay after every 5 night stays. This is an initiative to boost travel in post-pandemic India. The free room night offer will be available to the Gold members of its loyalty program called Wizard. Designed for the frequent traveller in India, Wizard will also offer upto 10% discount on OYO’s Wizard hotels across India, and a lot more. With over 9.2 million members, OYO Wizard is one of the largest loyalty programs run by leading travel or food brands in India & the…
Minor Hotels, a hotel owner, operator and investor, currently with a portfolio of 529 hotels and resorts in 56 countries across Asia Pacific, the Middle East, Europe, the Americas, Africa and the Indian Ocean, announces that it has entered into a Memorandum of Understanding with Diriyah Gate Development Authority to develop a hotel under its luxury Anantara brand. Diriyah is set to become the historic hub of the Kingdom of Saudi Arabia and will showcase 300+ years of the country’s history through an engaging and inspiring set of cultural, heritage, hospitality, education, shopping and dining experiences for residents, tourists, and…
At the recently held Africa’s Travel Indaba in KwaZulu-Natal, South Africa, Neliswa Nkani, Hub Head, MEISEA, South African Tourism (SAT), said that for 2023, they are targeting 30,000 Indian visitors in spite of the challenges arising from the COVID-19 pandemic. “For 2023, we are targeting 30,000 Indian visitors. I think there is a sense of revenge travel happening around the world, and to achieve the numbers South Africa is well placed. Also, if we offer something which is new and exciting just like our host province KwaZulu-Natal, which has so much to offer, we can easily reach that number. India…
Sarovar Hotels, one of the fastest growing hotel chains in India with over 98 operational hotels across 65 destinations in India and Africa continue to expand its global footprint with the signing of a new hotel in Manakamana, marking group’s entry in the temple town of Nepal. This will be Sarovar’s first Sarovar Premiere branded resort and second hotel in Nepal after Sarovar Portico, Birgunj. Manakamana is a temple town perched atop a hill in Kurintar and is midway between Pokhara and Kathmandu. Popularly known for Hindu goddess Bhagwati, who is an incarnation of goddess Parvati. It’s a beautiful…
The Travel Agents Federation of India (TAFI) and Saudi Tourism Authority has signed a MoU today at SATTE in Noida to further strengthen the friendly bilateral relations between the two nations through tourism promotion of the Kingdom in India. Speaking on the purpose of the memorandum, Ajay Prakash, President, TAFI, said, “The MoU has been signed to further strengthen our relationship with Saudi through tourism. Saudi Arabia is known as the kingdom destination and we are very excited to promote the beautiful country through our TAFI chapters. The whole idea behind this MoU is to create awareness and promote Saudi…
Minor Hotels, a hotel owner, operator and investor, currently with a portfolio of 529 hotels and resorts in 56 countries across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean, continues to grow its footprint in the Middle East and North Africa region. Having already launched two new properties in the region to date this year – an Anantara in the UAE and an Avani in Oman, the group will add four further new-build properties within the Middle East during 2022, including debuting two new brands to the region – NH Collection and NH Hotels. Minor…
The Westin Pune Koregaon Park announces the appointment of Mr. Sudeep Sharma as the General Manager of the luxury haven of wellness & renewal. Sudeep has primarily been with Marriott International for over a decade, having worked his way from the Assistant Director Food & Beverage at JW Marriott Mumbai Juhu to various leadership positions such as Director of Food & Beverage at Jaipur Marriott Hotel and Director Of Operations at Courtyard by Marriott Ahmedabad, before being appointed, today, as the General Manager for The Westin Pune. As a seasoned professional, Sudeep aims to bring innovation, operational excellence, and renewed…
