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Newstrack
India’s
First Floatel To Be Launched Early Next Year
Manor Floatel, India’s first floatel, will be operational
either by January or February 2003.
Come
Competition, Taj Bengal’s Ready
With east and north-east states putting thrust on tourism and
the global tourism industry showing signs of recovery, Kolkata is
witnessing a flurry of action in the hospitality sector.
SEBI
Bans Suman Motels For 5 Years
Suman Motels and its officials have been barred from accessing
the capital market for five years by the Securities and Exchange
Board of India (SEBI).
DTTDC
Coordinates Airlines, Hotels Tie-Up To Offer ‘Value Added’ Tourism
Package
Call it getting marketing-savvy, or a public-private synergy
vis-a-vis promoting a state in the international market.
Britain
Restaurants To Employ Indians
Britain proposes to allow employers in the hotel and catering
business to hire workers from abroad for a short period in fields
that have a shortage of labour.
Taj
Offers Slew Of Winter Packages
The Taj Group of Hotels has rolled out an array of specially-designed
‘Winter Holiday Offers’ at their exotic locales across
domestic and international destinations for a six-month period up
to March next to make the holiday a memorable one.
Casino
To Open First Ever Palace Hotel In Kerala
As a part of its expansion programme, Kochi-based Casino Group
of Hotels is planning to start a palace hotel in Kollengode, 30
kms from Pallakad.
Business
buzz
Six
Continents Set For USD 1 Billion Investment
Six Continents is to invest USD 1 billion (644 million pounds)
in its 140 Inter-Continental hotels worldwide over the next five
years, using some of the money it had promised to return to shareholders
by the end of this year.
Stock
Still Low For Hotel Companies
Hotel companies look set to remain out of favour with stock
market investors, say experts.
TajGVK
Posts Rs 1.66 Crore Net Profit
TajGVK Hotels and Resorts Ltd, a joint venture of the city-based
GVK group and Taj Group of hotels
Le
Meridien Room Boom Begins
An
88 million pounds renovation of London’s Grosvenor House hotel
will begin next month, kicking off a four year plan by Le Meridien
to increase its number of guestrooms worldwide by 19 per cent.
Dubai
Gears Up Hotels For The Money Men
Dubai, in the United Arab Emirates, is adding more than 1,500
five-star hotel bedrooms to cope with the 16,000 visitors expected
to converge on the state next September for the 58th annual meeting
of the boards of governors of the World Bank and International Monetary
fund.
McDonald’s
Beings Fightback
McDonald’s faced with sluggish sales and a slew of bad
publicity in the USA, is fighting back with cheaper prices and revamped
stores.
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