The expansion will involve a mix of large and smaller format outlets, the latter to tap captive markets with relatively lower spending such as universities, he said. Railway stations and airports are the other potential channels the chain will tap, besides overseas where it may franchise operations.
The India Trade Promotion Organisation (ITPO), which manages the Pragati Maidan, will undertake a mega project to redevelop the land into a world class International Exhibition and Convention Centre, Information and Broadcasting Minister Prakash Javadekar said.
The group with properties in Kodaikanal, Coorg and Bengaluru, will set up hotels in Alappuzha, Guruvayoor and Kannur. Shruti Shibulal, CEO and director of Tamara Leisure Experiences Pvt. Ltd. said the decision to initiate operations in Kerala was guided by the state’s considerable progress in tourism and IT sectors. The group aspires to hit 1000 rooms by 2025.
The builder has entered into an agreement with Marriott International to open six hotels in the country. As per the terms of the agreement, Prestige Group will build hotels of W, JW Marriott, Tribute Portfolio and Moxy brands across southern India. About 1,000 rooms under four brands will come up in Bengaluru, Chennai and Kochi.
Together with the Prestige Group, Marriott International launched its 100th hotel in India last year with the opening of the Sheraton Grand Bengaluru Whitefield Hotel & Convention Center, and currently also manage the Aloft Bengaluru Cessna Business Park.
The hotels have previously accused Oyo of contract breaches, arbitrary commission rate changes, stoppage of minimum guarantee amounts and threatening legal notices among other things. Oyo has denied this. FHRAI has also complained to the Competition Commission of India (CCI) against the company.
McDonald's had over the last weekend carried advertisements in newspapers seeking to get traffic at its outlets by allegedly disparaging home cooked food and healthy vegetables. A full page advertisement by McDonald's in newspapers had said, "Stuck with Ghiya-Tori Again? Make the 1+1 Combo you love".
The luxury hospitality brand, which started operations three years ago and currently owns and operates all its hotels, is also considering entering into new management contracts to expand further and plans to launch separate standalone outlets of its inhouse food brands.
Hilton said Raghavan's new role will see him focusing exclusively on India, working closely with Hilton’s leadership team to drive culture and talent development among Hilton's team members in the country. “At Hilton, we are in a people-serving-people business and our Team Members are at the heart of what we do,” said Navjit Ahluwalia, Hilton, India.
Restaurants are currently levied a 5% GST, but they can’t claim the input tax credit against the tax they paid on raw materials and other expenses like rent. GST rate on restaurants was slashed to 5% from 18% in November 2017. While levying of 18% allowed them to claim input tax credit, under the 5% rate, they can’t do that.
“Of all the potential names in the running, talks with most have fizzled out because both sides haven’t been able to reach a consensus on the conditions,” one executive said. Other conditions are non-exclusivity, which means any other company can also be given a franchise to open McDonald’s outlets.
Hotel chains said the offers are for the peak season and aimed at boosting occupancy, getting more people to sign on to loyalty programmes, and improving recall and positioning of existing brands. Hotel chain Accor is running the ‘starting from’ offer for Kolkata, Bengaluru and Mumbai, where prices for rooms start from as low as Rs 2,799.
Keys Hotels are present in 16 cities including Aurangabad, Bengaluru, Calicut, Chennai, Goa, Gurugram, Kochi, Kolhapur, Ludhiana, Mahabaleshwar, Manali, Mumbai, Pune, Port Blair, Trivandrum and Vishakapatnam. Of these, Lemon Tree already has a presence in 7 destinations and these Keys Hotels add to the depth of coverage in those cities.
Accor said through the 'strategic collaboration' the chain plans to develop a series of digital applications and loyalty programs to improve the consumer and traveler experience over the next five years. The chain said the collaboration will leverage Alibaba’s 700 million consumers across its China retail marketplaces.