Author: HBI Staff | Hyderabad
According to Business Standard,Oyo, the multinational hospitality chain poised for a public listing, aims to triple its profit after tax (PAT) to over INR 700 crore for the current financial year, according to founder Ritesh Agarwal. Earlier this year, Oyo reported its first-ever PAT of nearly INR 229 crore for FY24 and achieved a PAT of about INR 132 crore in Q1 FY25, recovering from a INR 108 crore loss in the same quarter last year. Agarwal highlighted that the company’s growth strategy is driven by its strong presence in key markets like India and Southeast Asia, and achieving profitability…
ITC Hotels recently signed a management agreement with with Bhopal based Lunera Castle Resort & Spa, for a landmark property under brand Welcomhotel in Mandu, Madhya Pradesh. Welcomhotel Mandu – the refreshed avatar of the heritage destination ‘Lunera ki Sarai’ pays tribute to the ancient fort city of Mandu celebrated for its architecture. With this signing, ITC’s Hotel Group will have nearly 540 keys in Madhya Pradesh. This includes two operating WelcomHeritage properties in Pench, Pachmarhi and three Welcomhotels in pipeline at Jabalpur, Gwalior and Bhopal Welcomhotel Mandu will feature 94 rooms, an all-day dining restaurant, a specialty restaurant, meeting…
Hyderabad’s culinary joys are gradually extending beyond its renowned biryanis. The launch of famed restaurant SALT promises another place to enjoy an array of dishes from Indian cuisine. Redefining the love for Indian cuisine while keeping the flavours, aromas and visual dining experience intact, SALT has won over its patrons with multiple outlets in Chennai and Bengaluru. The expansion in Hyderabad promises to keep the tradition alive, to get people to celebrate Indian specialities as soul food, one serving at a time. Led by the expertise of Chef Balaji Balachander, the impeccable service of this restaurant does not stop at…
Goa-based Fullarton Distilleries, under the leadership of Managing Director Rajiv Thadani, proudly announces the launch of Fullarton Originals, a new line of accessible spirits designed to cater to the evolving tastes of Indian consumers. Following the success of its premium brands—Woodburns Whisky (2019), Pumori Gin (2020), and Segredo Aldeia (2021)—Fullarton Distilleries is now expanding its portfolio with the introduction of Kosha Indian Dry Gin and Arton’s Reserve Premium Blended Whisky. Kosha Indian Dry Gin, the flagship gin in the Fullarton Originals range, is a true embodiment of Indian tradition and craftsmanship. Drawing inspiration from the concept of the five ‘Koshas’…
The Professional Housekeepers Association (PHA) is thrilled to announce the upcoming 5th Young Visionary Housekeepers’ National Convention and the 7th Anniversary of PHA YUVA. The event will take place on 14th September 2024 at Fortune Park JP Celestial, Bengaluru, promising a remarkable and enriching experience for all participants. Keynote Speaker Mrs. Gunjan Bisarya, Head Housekeeper at ITC Limited-Hotels Division, will share her expertise on the transformative impact of technology in the housekeeping sector. Mr. Bhavya Kaura, General Manager of Fortune Park JP Celestial, Bangalore, will grace the event as the Guest of Honor. The event will feature several key highlights,…
Bengaluru-based Royal Orchid Hotels Ltd has set an ambitious goal to expand its network to 200 properties by FY27, driven by the growing demand for domestic travel in India. The company is focusing on increasing its presence in tier-two and tier-three cities, with plans to achieve a profit after tax (PAT) of INR 100 crore by 2026. Arjun Baljee, President of Royal Orchid Hotels Ltd, expressed confidence in the rising trend of domestic travel. “We are expecting an upswing in domestic travel,” Baljee told. He attributed this anticipated growth to India’s strong GDP growth of 7-8%, global challenges that present…
Greater Than Gin has announced the return of Bar Wars, India’s premier bartender-server competition, for its fourth and largest edition to date. With a mission to honour the incredible teamwork between bartenders and servers, Bar Wars is set to take the country by storm, showcasing the best bar duos from bars across India. NAO Spirits, the visionary disruptors behind the Greater Than and Hapusa gins, are once again at the helm, pushing the boundaries of what a bartending competition can be. After three successful editions, Bar Wars is expanding its reach in 2024, with regional competitions taking place in nine major cities (Pune,…
99 Pancakes, India’s premier QSR chain specializing in pancakes, has announced that it has successfully raised INR 200 million in a recent Series A funding round. This significant investment is received from family office, which will fuel the company’s ambitious pan-India expansion strategy, focusing on increasing its presence in Tier 1 cities and beyond. With this new capital, 99 Pancakes aims to significantly scale its operations across the country. The company is set to add 50 new outlets by the end of the current year and 200 outlets by the end of December 2025 via company. The company aims to…
According to India Today, A group of South Asian immigrant hotel owners in New York City is voicing strong opposition to a proposed bill they believe could severely impact the city’s hospitality industry and jeopardize their American Dreams. The Indian-American members of the New York City Minority Hotel Association, who own approximately 120 non-union hotels mainly outside of Manhattan, are pushing back against the Safe Hotels Act, which aims to ban the outsourcing of jobs such as housekeeping. Mukesh Patel, a New York City hotelier and founding member of the association, expressed concerns about the bill’s potential impact, stating, “Our coalition…
The property is expected to open in FY 2028 and shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. Ayodhya, a city steeped in divine history, is a cornerstone of the Hindu faith, located in Uttar Pradesh, India. As the birthplace of Lord Ram, one of Hinduism’s most revered deities, Ayodhya holds immense spiritual significance. The city’s sacred temples and rituals are deeply rooted in tradition, making it a captivating destination for pilgrims and travellers seeking a profound connection to India’s rich heritage. Lemon Tree Hotel, Civil Lines, Ayodhya will feature 80 well-appointed…
