Author: HBI Staff | Hyderabad
The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated and standalone financials for the first quarter ending June 30th, 2022. Commenting on the Q1 performance Mr. Puneet Chhatwal, Managing Director & CEO, IHCL said, “IHCL has reported its best first quarter in the company’s history. This performance has been boosted by a surge in demand across markets and segments, with occupancy and rates exceeding pre-COVID levels. This has resulted in a milestone EBITDA Margin of 31.3%, which is an improvement of 1140 bps over Q1 FY 2019-20. In line with our vision of Ahvaan 2025, IHCL…
Bira 91, the world’s fastest-growing beer brand, today announced the appointment of Meghna Agrawal as the Chief Financial Officer and Senior Vice President – Finance. In this role, Meghna will drive the global finance function at Bira 91 and will be a key partner in the strategic direction of the business and build the company for its next phase of growth. Prior to joining Bira 91, Meghna was VP – Finance at Diageo India and spent nearly a decade in various finance leadership roles in the company. Under her leadership, Diageo India went through a significant transition improving profitability, return…
Global travel technology company, OYO, today announced slashed prices on stays with tariffs starting at INR 399 for the upcoming extended long weekend, for the period between 08th – 21st August 2022. On the occasion of Independence Day and Raksha Bandhan, OYO aims to encourage travellers to explore unexplored hidden gems across India while also benefiting local tourism economies spread across India. Consumers can also use the ‘Pay At Hotel’ feature to book their stays now and pay at the time of check-in at the hotel. As per the company’s consumer sentiment studies conducted in June 2022, approx. ~95% Indians…
According to TOI, after mahua got ‘heritage liquor’ tag, the Madhya Pradesh government has cleared the decks for it to be served in bars and hotels owned by MP tourism corporation. The move is aimed at empowering the local tribal as mahua will be brewed locally. The state government also plans to take it to other states and even to the foreign lands. Some time back, Chief Minister Shivraj Singh Chouhan had announced ‘heritage liquor’ tag for mahua. The mahua will be produced in tribal dominated districts of Alirajpur and Dindori by two self-help groups. The local residents in Alirajpur…
The Chennai Chapter of the National Restaurant Association of India (NRAI) – the Voice of the Indian Restaurant Industry, was formally unveiled by the Chief Guest Dr. Palanivel Thiaga Rajan, Hon’ble Minister of Finance & Human Resource Management, Tamil Nadu on 3rd August at Crowne Plaza; in the presence of Kabir Suri, President, NRAI; Rahul Singh, Past President & Trustee, NRAI; Sagar Daryani, Vice-President, NRAI; Japtej Singh Ahluwalia, NRAI Chennai Chapter Head; Vignesha Gurudas, NRAI Chennai Co-Chapter Head and Prakul Kumar, Secretary General, NRAI. The National Restaurant Association of India, founded four decades ago in 1982, represents the interests of…
Indian Hotels Company (IHCL), announced the signing of its first hotel under the Taj brand in Ranthambore, Rajasthan. The currently operational hotel will be rebranded as Taj post upgradation. This hotel is a management contract with The Footprints Ranthambore. Commenting on the signing, Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL, said, “IHCL has always endeavoured to establish and position unique destinations on the global travel map. Ranthambore National Park is a key tiger reserve in Rajasthan known for its natural beauty. Introducing the Taj brand in Ranthambore will further elevate the tourism potential of this destination. We…
Cosmos, a brand owned by EssEmm Corporation, now reckoned with quality in the hospitality and food processing industry launches the ‘Cosmos Nut Butter Grinder’ a first of its kind in India. Showcased by its Founder & Managing Director Mr. Sathish Nair on Thursday, August 4th 2022 at Crowne Plaza, Chennai. The Cosmos Nut Butter Grinder is Ideal for grinding peanuts, sesame seeds, cashew nuts, cocoa beans, apricot kernel, pumpkin seeds, and many nuts & seeds into fine paste from its roasted form. It finds its application in supermarkets, organic food stores, ice cream, chocolate and hospitality industry. Entire machine is…
The Leela Bhartiya City Bengaluru has opened its doors to one of its most treasured luxuries – Amaris The Spa, where wellness and rejuvenation take centre stage. The word Amaris means ‘Promised by God’ in Hebrew and so the spa seeks to deliver luxurious rejuvenating experiences that live up to its name. Amaris portrays the evolution towards a recharged life full of splendor and exuberance, just like the waning crescent moon transcends to a new moon and then full. Guests visiting Amaris The Spa will experience feelings of revitalization, relaxation, and rejuvenation. Overlooking the Central Park of Bhartiya City, Amaris…
Fairfield by Marriott Mumbai International Airport is pleased to welcome Javedakhtar Sayyad as the Executive Chef. His solid experience and passion for curating exquisite meals and crafting remarkable dining experiences for our guests which makes him the ideal choice to lead the team. With a rich experience of over three decades in the culinary industry, he served various global hospitality brands such as Taj Group of hotels, Renaissance Mumbai, Sahara Star, Grand Sarovar Premiere Mumbai and is also very well known for his associations with Saudi Arabian Airlines and Yemen Airlines as Head Chef. Chef Javedakhtar’s culinary knowledge will enhance…
Indian Hotels Company (IHCL) announced two upcoming hotels in close proximity to the famed Statue of Unity in Kevadia, Gujarat. The greenfield project, in agreement with Sardar Sarovar Narmada Nigam Ltd. (SSNNL), is slated to open in 2025. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “IHCL, with its pioneering spirit in developing destinations in India, is honoured to set foot in Kevadia. The Statue of Unity is a symbol of India’s evolving experiential travel landscape in recent times. We are delighted to partner with the Sardar Sarovar Narmada Nigam Ltd. (SSNNL) for this project.” The 125-room Vivanta…
