Author: HBI Staff | Hyderabad
Chalet Hotels Limited has announced results for the first quarter of the fiscal year 2024, ending on June 30, 2023. The quarter showcased significant growth with total income reaching INR 3.1 billion, a remarkable 21% increase compared to the same period in the previous year. The hospitality segment performed exceptionally well during Q1FY24, with revenues hitting INR 2.8 billion, marking a 23% rise from Q1FY23. The Average Room Rate (ARR) saw a remarkable surge, reaching INR 10,317, which is 38% higher than the previous year’s first quarter. Occupancy remained steady at 70%, and Revenue Per Available Room (RevPAR) showed a…
Praveen Sharma, a seasoned and competent professional in the hospitality industry, has been appointed as the Director of Sales and Marketing at Le Méridien Amritsar. In his new capacity, Praveen will play a critical role in strategically directing the business development goals in accordance with Marriott standards. Praveen has over 23+ years of rich experience in the hospitality industry, with diversified and multi-market background in global sales, pre-opening hotels, luxury hotels, palace hotels, and international exposure. He has also done his Ph.D. in Tourism and Certification Program in General Management from IIM Lucknow. In recognition of his exceptional proficiency, Marriott International also bestowed…
HPMF Eastern India Chapter are gearing up for an incredible event, they recently conducted the preparation and strategy meeting virtually. In attendance were esteemed individuals, including Dr. Sanjay Goyal (Vice Chairman), Jaideep Gupta (Advisory Board Member), and Dr. Nitin Nagrale (Founder), along with Biplab Bharti (President HPMF Eastern Chapter) and the dedicated members of the working committee for the East Chapter. The official event announcement, scheduled for this Monday.
With over a decade of experience in the hotel industry, Soumyadeep brings a wealth of knowledge and a passion for delivering exceptional guest experiences. Prior to joining Radisson Blu Plaza Hotel Banjara Hills Hyderabad, Soumyadeep held the position of Director of Food & Beverage at Courtyard by Marriott Pune Hinjewadi. During his tenure, he successfully spearheaded the Food & Beverage operations, elevating the guest experience and introducing innovative concepts that have achieved remarkable milestones since the hotel’s opening. In his new role, Soumyadeep will lead the Food & Beverage team at Radisson Blu Plaza Hotel Banjara Hills Hyderabad, focusing on…
Bira 91, one of the world’s fastest-growing beer companies announced the opening of its first Taproom at the upscale DLF CyberHub in Gurugram. Bira 91 has always been at the forefront of the beer revolution in the country since its inception. After the launch of two award-winning Taprooms in Bengaluru, this will be the brand’s third launch and the first one in Delhi-NCR region. Opening its doors to the public on 28th July 2023, the taproom will feature an impressive selection of 16 beers on tap, carefully crafted to satisfy every palate. The food menu, curated by renowned Chef Vicky…
The Fern Hotels & Resorts, India’s leading environmentally sensitive hotel chain, is pleased to announce the signing of a new hotel, The Fern Residency, Mira Road, Mumbai. The company at present operates 9 hotels in the Mumbai Metropolitan Region. The addition of this new property will reinforce the brand’s leadership position in this key market and underline its commitment to impeccable guest experiences. The property once operational will feature 70 well-appointed rooms with a host of F&B, banqueting and conferencing facilities. Mira Road is a fast-growing neighborhood in the Greater Mumbai region and has become an attractive investment hub for…
Sean Kennedy, executive vice president of Public Affairs for the National Restaurant Associationreleased the following statement on the introduction of the “Raise the Wage Act of 2023,” legislation that would increase the federal minimum wage from the current $7.25 per hour to $17 per hour and eliminate the tip credit over five years: “More than 15 million people choose to work in restaurants, many of them professionals who have built strong, long-term careers. In recent years, the market demand for both experienced and entry-level restaurant workers has pushed their average earnings from $15.06 in May 2019 to $19.67 in…
Dil Foods, a Bengaluru based virtual restaurant operator has successfully secured a Pre-Series A funding round of $2Mn. The objective of the brand is to partner with small to medium independent food businesses and restaurants, to curate a profitable brand that disrupts the meal market leveraging a unique asset-light model for food delivery to drive efficiency and maximize profitability. The funding was obtained through a round led by V3 Ventures and Mount Judi Ventures. In addition, Revant Bhate (former Rebel and founder of Mosaic Wellness) and Arjun Vaidya (Founder of Dr. Vaidyas) are prominent investors whose invaluable expertise will help…
The Union government has responded to the hospitality industry’s plea by issuing a directive that puts an end to disputes over copyright infringement related to playing Bollywood music at wedding ceremonies and festivities. Despite the legality of playing copyrighted music at such events under the Copyright Act, copyright firms often demanded license fees for the songs, causing unnecessary conflicts and financial burdens for event planners, hotels, and individuals organizing celebrations. On July 24, the department of promotion of industry and internal trade (DPIIT) addressed this issue publicly, stating that it had received numerous complaints from the public and stakeholders about…
On August 10th, the enchanting speakeasy, ZLB23, nestled within The Leela Palace, Bengaluru, is about to set the Indian cocktail scene ablaze in a groundbreaking collaboration. Joining forces with the world-renowned neo-speakeasy, Paradiso, from the vibrant city of Barcelona, this unprecedented bar takeover is destined to redefine the art of mixology. Paradiso, revered as the world’s number one cocktail bar, is celebrated for its unparalleled ingenuity and innovation. Now, its CEO & Owner, Giacomo Giannotti, brings the concept of “paradise” to India, promising an otherworldly experience for cocktail enthusiasts. During this takeover event, Paradiso’s mixology prowess will take center stage,…
