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AICTE Approval Now Mandatory
For Foreign Hospitality Institutes To Operate In India
With the All India Council for Technical Education (AICTE) norms
now making it mandatory for foreign universities and institutions
to get AICTE’s approval before setting base in India, hospitality
education might see a leap in quality, according to educationists.
Punjab Gambles On Casinos
To Boost Revenues
The Punjab government is all set to introduce casinos in the state
in a bid to create a niche product which will boost tourism and
increase revenue figures.
It’s A Progressive Step:
Suri
"I am happy with the new classification norms. More so, because
FHRAI was involved in the preparation process by contributing relevant
inputs. No doubt, it is a progressive step taken," said Shyam
Suri, secretary general, FHRAI.
HCI MD, Ex-Employees Trade
Charges Over Payment Of Arrears
Eight ex-employees of what was once Centaur Mumbai Airport Unit
and the managing director of Hotel Corporation of India are in a
row over the payment of arrears to the former.
Select Hotels To Enter
Luxury Cottage And Service Apartment Market
In what may be seen as a strategic expansion plan, Select Holiday
Resorts Ltd, has geared up to enter the luxury cottage and service
apartment segment.
Bharat Hotels Begins Delisting
Procedure
Lalit Suri-promoted Bharat Hotels has initiated the process of delisting
the company from bourses including The Stock Exchange, Mumbai (BSE)
and the National Stock Exchange (NSE) and plans to launch an exit
option as promoters have already raised their equity stake in the
company to over 95 per cent through open offers.
Benzz Park Tulip Launched
In Chennai
The Benzz Park Tulip has become Chennai’s latest addition in
the business hotel category. Inaugurated on April 14, Tamil New
Year's Day, the hotel seems to have started on an auspicious note,
with an average of 40 per cent of the rooms occupied in a week's
time.
Business
Buzz
Marriott Profit
Up But Recovery Elusive So Far
Marriott International, Inc. has reported diluted earnings per share
from continuing operations of $0.36 in the first quarter of 2003,
up 13 per cent from the 2002 first quarter.
Choice Hotels Reports
1st Quarter Earnings Per Share Gain Of 30%
Choice Hotels International, Inc. has reported first quarter 2003
net income of $9.7 million, or $0.26 diluted earnings per share
(EPS), a 30 per cent increase in EPS over the same period of a year
ago.
Carlson Announces Major
Canadian Expansion Plans
Carlson Hotels Worldwide, a major global hotel organisation, has
announced an aggressive plan to grow the company's five hotel brands
in Canada to more than 100 hotel locations during the next five
years.
Sydney Hotels Face Empty
Beds
Sydney hotel and resort owners are hoping the SARS virus, Iraq worries
and general economic unease will be enough to convince Australians
to holiday at home this year and help offset the slump in inbound
tourists.
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