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Railway,
textiles ride the hospitality boom
Looking a gift horse in the mouth, the railway and the textile
ministries are both offloading land banks in prime locations
to realtors and hospitality consortiums to build star hotels
and mixed-use developments, setting their cash registers ringing
to the tune of over Rs 4,000 crore.
Upfront
‘India
has the capacity to have several convention centres’
One-of-its-kind facility Hyderabad International Convention
Centre (HICC) saw as many as 174 bookings last year and will
be host to more than 200 events in the coming year. Philip
Logan, general manager of HICC, speaks with Vyas Sivanand
about the Indian MICE potential.
Hotel
developers surf demand wave
Developers are currently riding the demand wave for land for
hotels from hoteliers venturing into the industry for the
first time and eagerly looking at sites that are pre-approved
for hotel construction.
Gujarat
set to get floating hotel
Gujarat is all set to get a luxury floating hotel that would
include an international marina, a golf course and conference
centres.
Royal
Time Machine luxury coaches on Delhi roads
In an attempt to provide an exclusive heritage experience
in the capital, Royal Time Machine has announced that it will
roll out luxury coaches on Delhi roads from the first week
of February, 2007.
Morgan
Stanley invests Rs 675 cr in Oberoi Constructions
In one of the largest private equity deals in real estate
sector, Morgan Stanley Real Estate has invested Rs 675 crore
in Mumbai-based Oberoi Constructions for an undisclosed stake.
Ambassador
Hotel outlines more properties
As the race towards more budget hotels enters into an accelerating
phase, family-owned property, Ambassador Hotel, in the heart
of the city, which comes under the management operation of
Taj Hotels & Resorts, divulged plans of coming up with
two to three more budget properties.
Govt
plans Rs 237 cr capex for ITDC hotels
Ailing public sector unit India Tourism Development Corporation
(ITDC) may get a fresh lease of life as the government plans
to infuse equity capital of over Rs 237 crore for reviving
Ashok Hotel, Samrat Hotel and Hotel Janpath in New Delhi.
Hotel
stocks appreciate 32%
It's been a good year for leading hotel chains in India and
appreciating the scenario, the market has been bullish on
hotel stocks.
New
kids on the block
The rural wave descends upon the confines of Raghuleela Mega
Malls in Kandivli West with pan-Indian theme restaurant, Village,
The Soul of India.
HP
tourism bets on village retreat, home stays
After Himachal Pradesh's land reforms went on to favour investment
through external participation in land purchase for commercial
activities, development in the hospitality arena has increased
manifold.
Hotels
to put Rs 10,635 cr in Gujarat
Tourism in Gujarat is attracting dozens of hoteliers, with
more than 30 players signing MoUs with the state government
for setting up hotels, resorts and tourism projects.
PATA
initiates India total tourism report
Bangkok-based Pacific Asia Travel Association (PATA), which
in its studies has so far concentrated on international tourism,
recently decided to take a look at a member destination's
total tourism, that is, inbound, outbound and domestic.
Venky's
Rock to target women wine consumers
Venky's Rock, the wine division of Bala Entertainment, a standalone
company of the Venkateshwara Hatcheries (VH) group, wants
to become a niche player in the Indian wine market.
Snippets
Parvasi
Punjabi Divas showcases avenues for NRI investment
In order to develop the service infrastructure in north India,
especially in the states of Punjab, Haryana, Himachal Pradesh
and the union territory of Chandigarh, the International Punjabi
Chamber for Service Industry (IPCSI) brought NRIs on a single
platform to introduce them to investment opportunities.
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