Author: HBI Staff | Hyderabad
Although it took three years for the hotel industry to fully recover after the COVID-19 hit, the entire market has picked up the pace of solid growth and is set to reach a new milestone in the following years. According to data presented by Stocklytics.com, the global hotel industry revenue will grow by 9% and hit $446.5 billion in 2024. This figure is expected to grow by $50 billion in the next four years, with the entire market reaching over half a trillion value. More than 130 Million New Hotel Users in the Next Four Years Four years after the…
According to TOI, dissatisfied with the bids received for the commercial plots at Verna Industrial Estate, which were put up for lease through an e-auction, the Goa Industrial Development Corporation (GIDC) plans to hold a new auction. The GIDC has also initiated the process to issue allotment letters for the 16 industrial plots auctioned in March. “We auctioned three commercial plots: one for a hotel and two generic commercial plots. The generic commercial plots fetched good prices, with the highest bid at Rs 25,300 per sqm,” said GIDC managing director Pravimal Abhishek. “However, the hotel plot only received a bid…
Sarovar Hotels in partnership with Delite Aravali View, is pleased to announce the grand opening of Delite Sarovar Portico in Faridabad, Haryana. This development signifies Sarovar’s increasing footprint in the Delhi (NCR) region, adding up to a portfolio of 14 hotels including two operating hotels in Faridabad. Strategically situated on Neelam Bata Road, in close proximity to Faridabad’s old railway station, commercial & entertainment hubs, the hotel enjoys a convenient location suited for Bleisure segment. The hotel’s expansive and state-of-the-art banqueting facilities make it an ideal destination for weddings and MICE. The hotel offers 74 thoughtfully designed rooms, including Executive…
Eco Hotels and Resorts Limited proudly announces the opening of ‘The Eco’ in Vadodara, featuring 57 rooms in one of the city’s prime locations. This launch comes on the heels of the successful introduction of ‘Eco Satva Kota,’ a 63-room property in Kota that demonstrates the brand’s focus on eco-friendly options and net-zero carbon emissions. Eco Satva Kota has already been recognized for its exclusive green offerings. By offering environmental effective accommodations, Eco Hotels ensures that their carbon footprint is measured and neutralized. The brand’s dedication to sustainability is further evidenced by their rapid expansion, with plans to reach over…
Rahul Bhatia-owned InterGlobe Enterprises (IGE) announced its entry into the European hospitality market, starting with a launch in Paris in mid-July, followed by Barcelona in August. The new luxury lifestyle hotel brand, Miiro, will continue its expansion with launches in London and Vienna into 2025, according to Neena Gupta, CEO of Miiro and Executive Director of Group Strategy and International Hospitality at InterGlobe Enterprises. Gupta, who also oversees the hospitality business of InterGlobe Enterprises, which owns IndiGo Airlines, stated that the hotel properties are managed under a fully owned UK entity. This entity began acquiring hospitality assets in 2018 and…
Navneet Nagpal, Principal Consultant and Director, Spectra Hospitality Services, at the prestigious Fortune Leadership Conclave 2024, discussed the important success factors in Hotel Ownership and Assest Management including financial oversight, operational excellence, strategic planning, and guest-centricity. Drawing on Spectra’s extensive experience in asset management, Nagpal highlighted these components as essential for driving success in the hospitality sector. Several industry veterans, along with Samir M C, the Managing Director of Fortune Park Hotels Ltd of ITC Hotels, were present at the Conclave. This significant event brought together industry leaders to discuss the future of hospitality and innovative practices driving the sector…
On Friday, Revenue and Tourism officials attempted to take possession of the SRM Hotel premises on Race Course Road in Tiruchi, operated by former MP and Indhiya Jananayaga Katchi (IJK) founder Paarivendhar. This action followed the expiry of a 30-year lease agreement with the Tamil Nadu Tourism Development Corporation (TTDC). However, hotel representatives and IJK workers opposed the move. In a related development, Justice G.R. Swaminathan of the Madurai Bench of the Madras High Court granted interim relief to SRM Hotels Pvt. Ltd. until 4 p.m. on June 18. He noted that the lease agreement stipulated renewal upon government direction,…
Accor and LVMH have entered into a strategic partnership to accelerate the development of Orient Express, a legendary House synonymous for more than a century with the most exclusive travel experiences. Since the inaugural voyage of its train in 1883, Orient Express has been taking the discovery of the world to new heights for clients in search of distinctive and refined adventures. A symbol of elegance and audacity, Orient Express embodies a lifestyle that encapsulates the extraordinary and enchantment. Following its acquisition by Accor in 2022, Orient Express is developing new iconic ventures for trains, hotels and sailing ships whose…
The Envirocare Green Awards (EGA) is an annual event that recognizes and celebrates the remarkable achievements of individuals, organizations, and businesses in the fields of environmental sustainability and conservation. Launched in 2018 by Envirocare Labs, this prestigious event has become a global platform for showcasing innovative solutions, best practices, and inspiring stories of those who are making a positive impact on our planet. Built on the three pillars of encourage, empower, and enlighten, the Envirocare Green Awards aims to motivate and inspire stakeholders from all walks of life to embrace eco-friendly initiatives and contribute to a world that is both…
Haridwar’s crown jewel, Pilibhit House – IHCL SeleQtions, famed for its sattvik living philosophy and soulful experiences, is unveiling a new culinary delight – The Terrace. Perched above the sacred Ganges with the majestic Shivalik hills as a backdrop, The Terrace promises an unparalleled dining experience. Picture this: delectable Pan-Asian and Mediterranean flavors, unmatched Taj hospitality, and a setting so enchanting one will forget their worldly woes. Pilibhit House, guided by the Purusharthas, is a haven of peace where every dish is a work of art designed to delight the senses and nourish the soul. Their team of passionate chefs is…
