
Luxury: The New Currency For Hotels
Branded and boutique hospitality players look at spreading their wings amid rising room tariffs and occupancy rates.
Branded and boutique hospitality players look at spreading their wings amid rising room tariffs and occupancy rates.
ICRA expects premium hotel occupancy at around 70-72% in FY24, after recovering to 68-70% in FY23.
Though adopting sustainable practices has become mandatory for hospitality companies, it is an expensive proposition for the legacy brands.
Billionaire Binod Chaudhary, the man behind Wai Wai instant noodles, is diversifying his food business and has plans for an IPO soon.
The appellate tribunal held Mistry’s removal as illegal, but the matter is far from over as Tata Sons is expected to challenge the verdict in the Supreme Court.
The hospitality company has conceptualised a new business segment based on properties owned by the business house
The hotel chain owned-by the Tata Group will pay the New Delhi Municipal Corporation nearly 79% more in monthly license fee to operate the hotel for the next 33 years, according to media reports.