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www.expresshospitality.com FORTNIGHTLY INSIGHT FOR THE HOSPITALITY TRADE
16-28 February 2007  
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    MARKET - The Business of Hospitality
 

Goa, Portugal moot alliance to develop home-stays
In a bid to rekindle the original flavour of Goa that is slowly losing its milieu amidst rampant urbanisation, the Government of Goa and the government of the Republic of Portugal have mooted the formation of an alliance.

Andhra Government plans budget hotels under PPP
34 hotel locations identified; operations expected to begin by 2009

Upfront

Impresario plans to raise capital through VC route
Looks to enter hotel segment in second phase of development

Morgan Stanley buys CNL Hotels for $6.6 bn
Morgan Stanley, the biggest real estate investor among Wall Street firms, has agreed to buy CNL Hotels & Resorts, adding eight luxury hotels and resorts throughout the US in a transaction worth US$ 6.6 billion.

Asia Pacific '07 hotel investment transactions to top $7
Underpinned by the positive macro-economic environment, buoyant tourism markets and strong hotel trading performance, Asia Pacific enjoyed record growth in hotel investments in 2006.

Berggruen Hotels checks into India with 'Keys'
Berggruen Hotels, a new hotel venture backed by Berggruen Holdings, has announced that it will launch Keys, a new brand of boutique budget hotels in India.

IHM, George Brown College sign MoU
The Institute of Hotel Management Catering Technology & Applied Nutrition, Mumbai and George Brown College, Toronto, Canada have signed an MoU to collaborate with each other for a number of initiatives.

Country Hearth brand to enter India
America's Best Franchising, which franchises Country Hearth Inns & Suites, has signed a master license agreement with KI Group to bring the Country Hearth hotel brand to India.

Mapple Group adds two more brands to its portfolio
To target mid-market through different brandings

Adaco looks to service Indian hotels
Adaco Services LLC, in a bid to expand the reach of its hospitality procurement software to hotels in India, China and Japan, has opened an office in India. It is located in the heart of Bangalore and is headed by Ganesh Srinivasan.

Bihar announces sops to lure in hospitality
To unlock the tourism potential of Bihar, the state government has announced sops to lure in international and domestic hotel chains.

New kids on the block

Rabindra Seth: The forever man
A vivacious personality Rabindra Seth will always be remembered for his massive contribution to the travel and hospitality trade. Praveen K Singh remembers his everlasting contributions to the industry and his extensive association with Express Hospitality.

Premier cognac blend Alize gets high on India
Expects 80% consumers to be women

India's largest entertainment park to come up in Noida
Project cost estimated to be Rs 1,200 cr

AAHAR gets ready for its 22nd edition in Delhi
Encouraged by an overwhelming response to its annual series of AAHAR exhibition in New Delhi, India Trade Promotion Organisation (ITPO) will be presenting the 22nd edition of the event as AAHAR International at Pragati Maidan, New Delhi from March 8 to 12, 2007.

Café Turtle plans 50 outlets by 2009
Delhi-based fast-food chain, Café Turtle has planned to go national with a target of 50 outlets by 2009 across India.

Marriott plans 3 hotels in Pune over 3 years
Marriott International will manage three hotels representing 833 new guestrooms in luxury, deluxe and upper-moderate segments in Pune which are scheduled to open over the next three years.

‘We are increasing our range through complete backward integration’
Incorporated in 1993, S R Foils has been into manufacturing of various disposable food packing and serving products. Rakeshh Gupta, its director, speaks to Sanjeev Bhar about the growing opportunity in this segment.

RAK Porcelain enters Indian market
HospitalityWorld 2007 doubled up as the perfect venue for the launch of international brand RAK Porcelain in India - a part of RAK Ceramics group of companies - with its premium porcelain tableware for the rapidly expanding Indian hospitality industry.

TravelWorld 2007 sets new standards
The recently concluded TravelWorld 2007 set standards as the leading B2B event in the Indian travel space.

Movements

Product Showcase


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