India May Soon Don ‘Regional Hub’ Status For Global Hospitality & Travel Cos
International companies in tourism and hospitality are fast seeing the benefits of choosing India as their regional hub for south Asia to spearhead expansions and operations. Apart from the few that are already based out of India, more are expected to toe the trend, chiefly citing operational ease and cost effectiveness.

Govt To Set Up Holding Company To Fund Convention Centres
The Indian government is planning to set up a holding company to fund convention centres in the country and will set up two such venues ahead of the Commonwealth Games here in 2010.

Viceroy Hotels Eye Metro Cities
The Hyderabad-based Viceroy Hotels is planning to set up five-star hotels across major metros. The expansion will be either be through acquisitions or by setting up new projects.

Kamat Hotels Stocks Soar High
Kamat Hotels is proving to be a big favourite of investors in the hospitality sector. The stock has been on an upswing and touched its 52-week high of Rs 129 recently.

Tourism Ministry Calls For Report On Hotel 'Scam'
The tourism ministry has asked the management of the India Tourism Development Corporation (ITDC) to submit a report on charges of financial irregularities in state-run Ashok Hotel.

Fortune Park To Enter Kolkata
Buoyed by the growth in the IT industry and the services sector almost all the leading global and domestic hospitality chains are now flocking to Kolkata. The latest entrant is the Fortune Park Hotels, the fastest growing hotel chain in the first class full service category in India.

Hyatt's New Select Service Brand Christened Hyatt Place
Following Hyatt's new entry into the select service segment, Global Hyatt Corporation has chosen the brand name Hyatt Place for its system of hotels.

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