According to the sector performance report by ICRA, the hotel companies which opted for aggressive expansion through asset light had a much better RoCE (Return on Capital Employed) than companies which chose the asset heavy route.
Bringing the flavours of home straight from the coffee grower
US Mahendar, the founder, director and CEO of Hatti Kaapi speaks about his company’s strategy to grow across India.
Garima Arora creates a BANNG in India’s food scene
Chef Garima Arora and restaurateur Riyaaz Amlani speak about their latest venture which promises to introduce guests to their version of authentic Thai cuisine.
Dharamshala hoteliers raises infrastructure and accessibility issues with local MP
In a dinner meeting with the member of parliament (MP) for Kangra-Chamba, Rajeev Bhardwaj, Hotel & Restaurant Association of Dharamshala asked the MP to try to bring more centrally funded projects under Swadesh Darshan and PRASHAD schemes to the region to uplift connectivity to the region.
Absolute Barbecues to roll out lava stone grill in all outlets by March 2025
Prosenjit Roy Choudhury, founder, Absolute Barbecue Pvt. Ltd. talks about the evolution of the flagship brand, Absolute Barbecues and strategies for the newly launched all-day dining brand, Fulfil.
ITC demerger: Stock exchanges hold special session to set ITC Hotels share price
Stock exchanges BSE and NSE are conducting a special pre-open trading session for ITC shares to facilitate price discovery for ITC Hotels, which is demerging from ITC Ltd. ITC’s share price is expected to adjust due to this demerger, with ITC Hotels shares potentially listing between INR 150-200 per share.
Is Goa paying the price for the greed of a few big players?
While Goa government is fighting against what it alleges is a toolkit campaign by a few social media influencers to defame the state, fingers are pointing against the greed of airlines and hotels for the lower than expected footfalls.
Growth strategy emphasises balanced expansion into key cities: Samir MC
The managing director of Fortune Hotels speaks about what the new year holds for his company.
Crimson Hotels to launch Bhilwara’s first 5-star deluxe resort
The Aaureum Resort Bhilwara with 150 rooms and suites will have one of the largest convention and banquet facilities in Rajasthan at 20,000 square feet.
ITC Hotels to be 51st Nifty stock in dummy form till listing. Last day to buy today before demerger
Shares of ITC Hotels will initially list on the BSE and NSE in a dummy format. This is to minimize the impact of the demerger on Sensex and Nifty levels. The official listing will occur in a few weeks. Investors will receive one ITC Hotels share for every ten ITC shares they hold.