Hotels / Restaurants
Dubai co inks deal to jointly build hotel, villas in Mussoorie
Dubai-based Atmosphere Living has signed a joint development agreement to invest Rs 550 crore in building villas and a hotel in Mussoorie. The company also plans to expand its holiday home projects in Goa, Lonavala, Himachal Pradesh, and Jaipur, with future international prospects.
Quick service restaurants, cafe chains see slower growth
Major quick service restaurant chains including McDonald's, KFC, Pizza Hut, and Starbucks experienced a sharp decline in sales and revenue growth in the April-June quarter. This downturn was driven by inflation, increased competition, and an intense heatwave. Notably, McDonald's operator, Westlife Foodworld, and Tata-operated Starbucks reported significant downturns.
IHCL announces two Taj hotels in Bahrain
Indian Hotels Company Limited (IHCL) announced the signing of a luxury hotel and boutique resort in Bahrain under the Taj brand. This is the first Indian hospitality brand in the kingdom. The Hamala resort will offer 251 rooms, dining options, a beach club, and wellness facilities, while the Downtown Seef hotel will feature 200 rooms, dining venues, and event spaces, enhancing Bahrain's tourism sector.
Radisson Hotel Group launches new Meetha by Radisson stores in Borivali and Bandra
After its flagship store in Goregaon, Meetha by Radisson has now been launched in Borivali and Bandra. The hotel chain said the expansion is a testament to the Group’s vision of strengthening its food and beverage portfolio and driving innovation in India’s branded mithai (sweets) industry.
BCM Group acquires five star property The Golden Palms Resorts and Spa
BCM Group bought The Golden Palms Resorts and Spa in Bengaluru, aiming to turn it into a prime site for weddings and MICE events. The 15-acre luxury hotel will undergo upgrades, including adding over 50 rooms and partnering with a top international hotel operator, according to managing director Rajesh Mehta.
Mahindra Holidays & Resorts sees 85% occupancy
The company, which witnessed 90% resort occupancy on an expanded inventory base in the first quarter of this fiscal, expects it to be softer in the second quarter. "Q1 is a peak quarter. Q2 will dip, Q3 will climb again. So it's a bit seasonal, but overall for the year, we expect around 85% kind of occupancy," MD and CEO Manoj Bhat said.
Magicpin to invest Rs 100 crore to onboard 1 lakh new restaurants and cloud kitchens on ONDC
Magicpin committed Rs 100 crore to onboard 1 lakh restaurants and cloud kitchens on ONDC, offering zero commission and free home delivery. This investment seeks to boost online food delivery adoption and benefit ONDC and customers alike.
Hotels plan to make room in Bihar, Odisha
More hoteliers could expand in Bihar and Odisha as budget proposals encouraged tourism development. Indian Hotels Company and Radisson have already launched new projects in the region, citing growing opportunities. Hotel chains are aligning with government initiatives, which aim to improve infrastructure and attract tourists. The hospitality industry anticipates further growth with enhanced connectivity and upgraded pilgrimage sites.
ITC Hotels' brand Welcomhotel grows with 25 properties pan India
The company said the launch of Welcomhotel Belagavi, Karnataka, is a testament to ITC Hotels' 'asset-right' expansion strategy and reflects the brand’s ability to adapt to 'diverse' market demands.
Must Watch
Espire Hospitality Group to launch a new hotel in Ayodhya
Espire Hospitality Group plans to launch a new hotel in Ayodhya in Q4 2024, featuring 150 keys, with 50 keys offering luxury boutique resort experience and 100 keys offering mid-segment Country Inn Hotels and Resorts experience. The hotel will offer easy access to landmarks like Ram Janmabhoomi, Hanuman Garhi Temple, and Kanak Bhawan.
Olympics offers another reason for Indians to visit France
Indian interest in traveling to France for the 2024 Olympic Games is booming. Airbnb has reported a 30% increase in bookings from Indian guests in Paris and surrounding cities like Saint-Denis and Bordeaux. Overall, bookings in Paris for the Games have surged by 400% compared to last year. Thomas Cook (India) is offering premium MICE packages for about ₹11 lakh per person, covering major events and VIP hospitality. Online visa applications for France from India have risen by 60%, prompting French consulates to expedite processing times to under a week.
Here's what Delhi and Mumbai love to eat: NRAI’s comprehensive food order report
A recent study by the National Restaurant Association of India reveals that Delhi-NCR residents favor North Indian snacks over international dishes. The organized food service sector in the region is valued at Rs 42,002 crore. Delhiites dine out frequently, preferring fine dining, while Gurugram residents opt for quick-service restaurants. The report also highlights increasing dining-out habits post-pandemic and issues with food delivery apps.
NCLT dismisses resolution for Rajesh Lifespaces' hotels business, orders rerun
The NCLT has dismissed the resolution plan for Rajesh Business & Leisure Hotels due to non-compliance and procedural irregularities. Stakeholders contest approval process. Legal experts highlight importance of adherence to IBC regulations. RP and CoC allowed to restart resolution process.
Eating out could become more expensive as vegetable prices soar
Vegetable prices are skyrocketing, leading restaurants to consider hiking menu prices and abandoning discounts, ultimately burdening diners with higher costs for dining out. The unprecedented price surge has impacted bottom lines of eateries, forcing some to adjust portions or even discontinue certain items. Larger establishments are extending support to vendors facing challenges due to rising costs, while smaller joints are exploring cost-saving measures like automation.
Airbnb says 30 pc rise in bookings from Indian guests for Olympic Games Paris 2024
Airbnb said travellers from over 160 countries and regions have already booked their stays on its platform during the sporting event. The Paris Olympics will be held from July 26 to August 11, 2024. As of March 31, 2024, nights booked during the dates of the Olympics are over five times higher than they were in the Paris region the same time a year ago, it added.
