Author: HBI Staff | Hyderabad
Higher average room rate (ARR) and occupancy will help the Indian hotel industry log a strong improvement in profitability, as represented by earnings before interest, tax, depreciation and amortisation (Ebitda) margin, to around 34% this fiscal, compared with 24% pre-pandemic (fiscal 2020). Revenue, on its part, will increase ~23% over the pre-pandemic level, riding on a strong recovery in business travel and continued traction in leisure travel. The strong business performance, coupled with limited capital spend, will improve the credit profiles of players. A CRISIL Ratings analysis of hotels with an aggregate of ~40,000 rooms1 across categories indicates as much.…
With the growing demand for plum cakes during the season, bakers and artisans are working round the clock to offer the best and newest variations to their customers. While it is one of the must-have products in the artisan assortment, the procurement of raw ingredients for plum cake preparation is quite laborious. Puratos Tegral Satin Plum cake egg-free offers a one-stop hassle-free solution that perfectly fits into the artisan scheme of things. Ashish Seth, Managing Director, Puratos Food Ingredients India Pvt. Ltd., said “The delicious plum cakes have remained the quintessential treat during the Christmas season that helps bakers boost…
Zomoz has raised an undisclosed amount from existing investor, Rebel Foods, as a part of their $2 million capital raise. Rebel Foods Pvt Ltd, a food tech unicorn that owns brands including Faasos and Behrouz Biryani. The capital will largely be invested to start operations in the UAE with 11 outlets in different locations and also to boost the retail presence in the regions they are operating. Monthly sales for Zomoz have increased by more than twofold since the first round raised in October 2021 and post-covid sales, particularly in the retail locations have skyrocketed, compared to the sales online.…
DeVANS, one of the oldest producers of quality malt spirits in India, has announced the launch of its premium offering – GianChand Single Malt Whisky. Matured in a distillery that has been producing quality malt spirits since 1961, GianChand Single Malt is the most delicate Indian malt with a pineapple drop candy sweetness carried hand-in-hand by barley and a firm vanilla backbone softened by thin oils that ensure the tannin build. According to Prem Dewan, Chairman & Managing Director of DeVANS, it is “An ode to our founder Dewan Gian Chand, a self-made entrepreneur who started his career as a…
Delegates of India’s apex hospitality Association – Federation of Hotel & Restaurant Associations of India (FHRAI) attended a pre-budget meeting chaired by the Hon’ble Finance Minister – Nirmala Sitharaman with the Trade and Service Sector representatives. FHRAI put forth to the Hon’ble Minister specific requests with special emphasis on granting infrastructure status to the hospitality industry. Among other critical points, the apex Association has requested the FM for continuation of the Export Promotion Capital Goods Scheme (EPCGS) for another 10 years and extension on the repayment period under the Emergency Credit Line Guarantee Scheme (ECLGS) of 10 years or based…
Allied Blenders and Distillers Limited, the largest Indian spirits company has extended its deluxe rum Jolly Roger to Uttar Pradesh and Rajasthan. Jolly Roger offers an exceptional rum with matured special spirits. The communication of Jolly Roger is reflective of the young audience who value the company of good friends with a great rum. Jolly Roger Rum is available in 750ml, 375ml. and 180ml. sizes. Commenting on the launch Bikram Basu, Vice-President- Strategy, Marketing and Business Development, ABD said, “We are excited to extend the franchise of Jolly Roger to the markets of Uttar Pradesh and Rajasthan. Winter gets out…
Day- two 11th annual national conventions on food and restaurant business- Indian Restaurant Congress 2022 organized by RestaurantIndia.in ended with a digital and optimistic approach to the future of the food industry. The two-day event in Aerocity, New Delhi greeted the presence of many recognized names working in the Pullman Hotel industry for years. Among them, Mr Kallol Banerjee, co-founder of Rebel Foods, highlighted how Cloud kitchens and delivery is the new way to dive into the vastly underpenetrated Indian food industry. India has only 0.2 restaurants per thousand population making it the lowest per capita restaurant penetration. The main…
ITC Windsor recently hosted the Regional Spotlight Awards, Bengaluru Edition which was organized in a pursuit to recognize all the associates who had been nominated for the Spotlight Awards held at New Delhi. A total of 3 hotels participated in this event including ITC Windsor, ITC Gardenia and WelcomHotel Bangalore. The event began on a high note with a celebratory flash mob led by Area Head Human Resources South, Kaustav Sen, followed by a welcome address by General Manager of ITC Windsor, Mr. Deepak Menezes and Zubin Songadwala, Area Manager, ITC Hotels South and General Manager, ITC Grand Chola, addressed…
Six ‘O’ One, the iconic multi cuisine restaurant at THE Park Chennai that trail blazed trending food concepts since 2002, now launches an all new address for exclusive Dim Sums and Sushi. Introduction of Sushi and Dim Sum Bar at Six ‘O’ One brings alive a concept of easy, light dining that would satiate any diner, whether for a quick and light working lunch or an unwinding, relaxed dinner. As you walk in to Six ‘O’ One, be pleasantly welcomed by the wafting aromas of steaming dim sums and colourful artistic renditions of Sushi. Bringing passion, precision and flair to…
After a spectacular post-Covid business rebound, Royals Club International is proud to announce the launch of it’s refurbished ‘Royals Moonlight Resort’ in a brand new avatar with elevated resort experiences, a refurbished in-room guest amenities that suitably blends with modern elegance, a revamped sunbaked rooftop restaurants, and more, to offer guests trailblazing holiday and hospitality experiences. The new experiences aim to engage with the customer in keeping with their evolving tastes and requirements, offering guests reasons to immerse themselves in a spectacular landscape in the serene surroundings of Bhimtal and Nainital, one India’s most sought after mountain holiday destinations. Rooms…
