The Ascott Limited (Ascott), a lodging business unit wholly owned by CapitaLand Investment Limited (CLI) has a large portfolio of a mix of serviced apartment, co-living, senior-living and hotel brands including Ascott, Citadines, lyf, Oakwood, Quest, Somerset, The Crest Collection, The Unlimited Collection, Préférence, Fox, Harris, POP!, the Vertu and Yello. The global brand has recently reached its current target of 160,000 units. With this big achievement, the brand is now contemplating on a franchise base model as the company is mostly focused on being asset-light and usually prefers signing management agreements to grow faster and diversify its portfolio across…
Author: Asmita Mukherjee
MakeMyTrip is targeting to make a behavioural change in the way India books hotels with the launch of ‘Book With Zero Payment’ feature, which allows the traveller to block a room in hotels or homestays without any payment. The platform is indexing on convenience and flexibility to make the entire hotel booking process tension free so that even first-time users feel comfortable transacting online. Book With Zero Payment solves for any anxiety related to uncertain travel plans as users do not need to pay at the time of booking but much closer to the check-in date. Speaking about the development,…
Indian Hotels Company (IHCL) announced the signing of two new hotels in Ayodhya, Uttar Pradesh. Both, Vivanta and Ginger branded hotels are Greenfield projects. Speaking on the occasion, Ms. Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL said, “These signings are in line with IHCL’s vision to strengthen its presence across spiritual centres in India. Ayodhya is an important pilgrimage site and receives a very high footfall throughout the year. These hotels will also complete the travel circuit with Lucknow and Varanasi in Uttar Pradesh. We are delighted to partner with Bhardwaj Global Infraventures Private Limited for…
Fernando Vives, Chief Commercial Officer, Minor Hotels Europe & America, is a passionate expert on hotel revenue management, commercial practices and distribution. Having co-founded the Revenue Management & Distribution firm – Xotels in 2006, Vives has become a master in these fields which he has cultivated through experience. Asmita Mukherjee spoke with Vives to understand his thoughts on the global market which is witnessing strong growth after hard times. According to you, is the occupancy and REVPAR in Europe doing better than in America? RevPAR in Europe is higher than RevPAR in LATAM. However, LATAM is above Europe in terms…
A passionate hotelier with strong operational expertise, Sharma brings with him more than two decades of experience. With industry exposure across leading hotel chains in India, Sharma has worked with Oberoi Hotels & Resorts, The Indian Hotel Company Limited, Zuri Hotels & Resorts, Raviz Hotels & Resorts and The Leela Palaces, Hotels & Resorts at various Luxury Destinations. He has been associated with hotel & resort operations and has accomplished operational excellence in all spheres. Before joining MAYFAIR Hotels & Resorts, he was with The Leela Kovalam A Raviz Hotel as an Executive Assistant Manager. He did his Hotel Management…
Pride Hotels Group has added another landmark in Central India with the launch of “Pride Hotel Bhopal”. Conveniently located in the heart of the city, the hotel is easily accessible to prominent tourist & leisure destinations, marketplaces, and commercial establishments. Well-connected through rail, road, and air to all major cities, the hotel gives you the best of the city of Bhopal. Announcing the launch, S.P Jain, Chairman and Managing Director, Pride Hotels Group, said Mr. Anupam Pandit is a prominent businessman in Bhopal and is the successful Managing Director & CEO of Agrawal Power Private Limited, having business in over…
Fortune Hotels, a member of ITC’s hotel group proudly announces the opening of Fortune Resort Kalimpong, its newest property in the Himalayan foothills of West Bengal. The scenic resort set amidst picturesque locales, tucked away from the usual hustle and bustle of city life, is a perfect blend of modern amenities and nature’s tranquillity offering easy access to all popular tourist spots should the enigmatic wanderers wish to explore. Fortune Resort Kalimpong boasts aesthetic, well-appointed rooms and suites with stunning views of Mt. Kanchendzonga. The contemporary decor of the rooms perfectly complements the beauty of nature that is embellished with…
MAYFAIR Elixir, a Unit of MAYFAIR Hotels & Resorts has announced the opening of MAYFAIR Spring Valley, Guwahati in Assam. The resort hotel is the first MAYFAIR property in the state of Assam, and the thirteenth MAYFAIR property in the country – a significant milestone in MAYFAIR’s brand growth in the Indian market. With this resort MAYFAIR Hotels & Resorts, now delves further in the magical North East of India with. This is MAYFAIR’s maiden venture into Assam, a state blessed with strong business potential, rich culture and handicrafts, diverse geographies, magnificent national parks and of course, the mighty Brahmaputra river. True to…
Marriott International is reportedly planning to increase its portfolio in India to 250 hotels by 2025. The company is looking to open more than 100 properties across at least ten new cities in the country, CNBC-TV18 reported. It currently has 140 operational hotels in the country. In an interview with CNBC-TV18, Marriott International president and CEO Anthony Capuano said: “We are in 40 cities today, that should be 50 cities or more by 2025 and maybe what is exciting to me is that results in us creating 10,000 new jobs across India.” “I had the good fortune to spend a…
Fairmont Hotels & Resorts today announced the signing of a new property in Agra, the city of the Taj Mahal, one of the seven wonders of the world and a UNESCO World Heritage Site. Set to open by 2025, the hotel will offer 205 rooms, including 44 suites. Guests can look forward to a luxurious experience that seamlessly blends world-class hospitality with the enchanting beauty of one of India’s most legendary destinations. Fairmont Hotels & Resorts has partnered with Shekhar Resorts Limited, introducing the first Fairmont in the city of Agra. “We are delighted to partner with Fairmont, an iconic…
