Author: HBI Staff | Hyderabad
BirchStreet Systems, a prominent global provider of enterprise procure-to-pay solutions for the hospitality sector, has officially announced the acquisition of ReactorNet Technologies, a leading provider of business spend management software tailored to the hospitality vertical. This strategic acquisition marks a significant advancement for BirchStreet, solidifying its leadership position in the hospitality industry while opening up new avenues for vertical growth. Established in 2000 and headquartered in San Antonio, TX, ReactorNet Technologies boasts a robust platform that supports over $2.0 billion of annual customer spend across more than 4,000 customer locations and 16,000 distinct users. Its suite of solutions encompasses essential…
According to The Hindu, Bengaluru, known for its vibrant culinary scene, continues to witness a surge in food establishments, reflecting the city’s growing status as a hub for industries, tourism, and investments. According to P. C. Rao, president of the Bruhat Bengaluru Hoteliers’ Association (BBHA), nearly one-fourth of the commercial establishments in Bengaluru are now food joints. In 2023 alone, around 200 new food establishments, ranging from Darshinis to five-star hotels, emerged in the city. Rao highlighted the diverse range of culinary experiences available in Bengaluru, with coffee prices varying from INR 10 to INR 250 per cup. Additionally, plans are…
Apeejay Surrendra Park Hotels disclosed a robust financial performance for the third quarter ending December 31, 2023, showcasing a notable 46 percent surge in consolidated net profit to INR 27.42 crore. The hospitality firm, recently listed on the stock exchange, revealed that it had achieved a consolidated net profit of INR 18.77 crore during the corresponding period last fiscal year, according to its regulatory filing. The company’s total income during the quarter witnessed a commendable growth, reaching INR 163.61 crore compared to INR 142.64 crore in the previous year. However, total expenses for the quarter also increased to INR 102.99…
TreeHouse Hotels & Resorts, a prominent hospitality chain under Karma Hospitality LLP, has unveiled plans for its newest addition, TreeHouse Morina, in Ahmedabad, Gujarat. Strategically located in Ahmedabad’s primary business district, TreeHouse Morina promises easy access to key commercial and industrial areas. The forthcoming TreeHouse Morina will boast 77 meticulously designed rooms, catering to both business and leisure travelers. Guests can anticipate a range of amenities, including a multi-cuisine restaurant, a swimming pool, a gymnasium, a spa, and more. Additionally, the hotel will feature a 1000-square-foot banquet hall, a spacious lawn accommodating approximately 350 guests, and a conference room ideal…
Accor Showcase 2024, a pioneering business-to-business (B2B) event, concluded with resounding success at Pullman, Aerocity in Delhi on February 21, 2024, and at Novotel Mumbai International Airport on February 23, 2024. This dynamic event not only met but exceeded expectations, leaving an indelible mark on the landscape of hospitality collaboration and innovation. The immersive experience of Accor Showcase 2024 fostered dynamic discussions on meetings, incentives, conferences, and exhibitions (MICE), resulting in positive conversions. With representation from over 50 Accor properties worldwide, the event drew active participation from corporates, travel partners, wedding planners, travel agents, and airline partners. Participants from diverse…
Mehra Wines Private Limited (MWPL) introduces a captivating range of premium alcoholic beverages, inviting connoisseurs to embark on a journey of unparalleled taste and luxury. Spearheaded by founders Tushar Mehra and Pranav Mehra, MWPL showcases a curated selection of handcrafted spirits, meticulously designed to elevate the drinking experience. Embracing a legacy of excellence and innovation, MWPL presents an array of exclusive spirits crafted in collaboration with renowned artists and craftsmen. From the aromatic Cambridge Dry Gin to the indulgent Truffle Gin, each bottle is a testament to the brand’s commitment to quality and craftsmanship. The Cambridge Distillery, famed for its…
According to a report by Skift,Accor, under the leadership of CEO Sébastian Bazin since 2013, has undergone significant transformations, including key acquisitions and joint ventures, such as Mövenpick, Fairmont, and Ennismore. With a five-year plan unveiled last July, emphasizing performance benchmarks and a commitment to leveraging existing assets, Accor signaled a shift towards consolidating its portfolio. During a recent visit to New York City, top Accor executives shared insights into the group’s strategic vision. Jean-Jacques Morin, Group Deputy CEO, and Martine Gerow, Group Chief Finance Officer, shed light on Accor’s priorities and future outlook. Driving Growth in Premium Brands Accor’s…
UNO Izakaya, the Japanese-themed bar and lounge, nestled within the luxurious JW Marriott Hotel Bengaluru, is proud to announce the launch of its new cocktail menu, a tantalising fusion of traditional Japanese flavours and inventive mixology. The understated décor, adorned with Geisha art brings out the essence of Izakaya, meaning, ‘Stay-drink-place’ to life while allowing patrons to indulge in exotic yet technique-heavy libations. The cocktails have been created by UNO Izakaya’s mixologist, Ashish Tamta. The bar maestro has been nominated for the Times of India Best Bartender of Year 2022 alongside being a finalist at the prestigious Grey Goose House…
D B Realty’s hospitality business witnesses a change in leadership as Rahul Pandit steps in as the President and Executive Director. Pandit, renowned for his prior leadership roles at Lemon Tree and Ginger hotels, most recently served as the Chief Executive of Blackstone’s India logistics platform – Horizon Industrial Parks. This transition comes on the heels of the D B Realty board’s approval in February for the demerger of its hospitality business, as part of a strategic move towards value enhancement. Notably, in September of last year, D B Realty had announced the acquisition of three hotels located in Mumbai,…
Nestled in the scenic Shivalik range of the Himalayas, Morni Hills welcomes the newest addition to the Regenta family – Regenta Place Morni Hills. Positioned on the picturesque Tikkar Taal, this 43-room retreat offers travellers an enchanting experience amidst nature’s splendour at 4,000 ft above sea level. Chander K Baljee, Chairman, and Managing Director of Royal Orchid & Regenta Hotels, expresses the strategic significance of Regenta Place Morni Hills. This addition aligns with their commitment to delivering exceptional experiences, further fortifying their presence in Haryana. The hotel offers meticulously furnished rooms, including Executive Rooms, Family Rooms, Suites, and Cottages, providing…
