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www.expresshospitality.com FORTNIGHTLY INSIGHT FOR THE HOSPITALITY TRADE
1-15 March 2007  
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    MARKET - The Business of Hospitality
 

It’s 'amusing times' for the hotel sector
In a bid to get a competitive edge, hotel companies are going beyond their traditional role to include entertainment and amusement parks as well.

Upfront

Dabur Foods pins growth on hospitality
Dabur Foods is betting high on the hospitality industry to drive growth, expecting the segment to rake in Rs 80 crore out of an expected targeted turnover of Rs 500 crore by 2010. The beverage-focused company will strengthen its culinary offerings to tap this segment.

Safety norms for amusement parks
Addressing the lackadaisical attitude towards the safety of revelers in amusement parks and recreation centres across India, the Indian Association of Amusement Parks & Industries (IAAPI) is instituting safety standards for equipment.

Air Deccan, Travelguru in tie-up for online hotel bookings
Enables passengers to make reservations in 1,500 budget/economy hotels

'We will offer many incentives to foreign companies'
The good news is that several foreign companies are interested in investing in the food processing sector. Better still is that the government wants to extend several tax and other incentives to them. Minister of food processing industries, Subodh Kant Sahay, in an exclusive with Praveen K Singh, talks about how he wants to revolutionise the food processing sector.

Soni invites Belgium to invest in Indian hospitality
Observing that India is open to 100 per cent foreign direct investment in the tourism sector, minister of tourism Ambika Soni recently invited Belgium to invest in the hotel sector here.

The budget boutique
As the budget segment simmers further, the latest entrant, Berggruen Hotels, backed by Berggruen Holdings Inc with an equity capital of US$ 100 million, has announced plans to operate 38 hotels in the next five years under the brand Keys. Sanjay Sethi, founding director on board and CEO of Berggruen Hotels, speaks to Neeti Mehra of its ‘key’
strategy in India

ICICI Bank and Sarovar Hotels enter into a strategic tie-up
ICICI Bank, India's second largest and Sarovar Hotels, a leading hotel chain in India, today joined hands to launch the ICICI Bank-Sarovar Hotels co-branded credit card.

IAAPI annual trade show attracts foreign participants
Indian Association of Amusement Parks and Industry's (IAAPI) annual trade show held its seventh edition recently in Mumbai. It has been estimated that 3000 industry associates visited the trade show.

Fast food retail giants on hiring spree
Fast food retail giants are taking a giant leap forward in recruiting freshers to meet the demand for new restaurants in 2007.

Anada the wine club to go global
Mumbai-based Anada, the wine club launched in 2004 out of 'The Club', now plans to enter Australia, South Africa, New Zealand and other European countries to introduce and promote Indian wines.

Six Senses teams up with Erawan Group
Six Senses Spas has teamed up with Thai property developer, Erawan Group, to create a premier destination spa named Six Senses Erawan - A Destination Spa.

US hotels, casinos eye overseas risk, rewards
US hoteliers and casino operators have set their sights on expanding overseas, particularly in Asia, but opinions differ on which sectors present the least economic and political risk.

Langham Hotels welcomes 3 Asian airline partners onboard
Langham Hotels International (LHI) has strengthened its growing list of airline partners by adding three Asian carriers - Malaysia Airlines, Eva Air and Shanghai Airlines.

Wine as purple as Pune's Jamun
It's new wine in a new bottle. Tropical Indian fruits such as the jamun, pomegranate and karonda have rarely gone beyond the dining table or pickle jars but now, these could be the toast for wine connoisseurs across the world.

Landmark plans Rs 100 cr investment in India
After establishing its footprints in the Indian retail sector with Lifestyle, Max and Home Centre brands, Dubai-based Landmark Group is eyeing the hospitality pie.

Sunderbans Jungle Camp wins responsible tourism award
Sunderbans Jungle Camp has been nominated for the Tourism for Tomorrow Awards 2007 to be given in May in Lisbon, Portugal. Awarded by the World Travel & Tourism Council (WTTC), the awards felicitate best practices in responsible tourism under different categories.

New kids on the block

Hotels, hospitals may be spared real estate tag
Move will leave banks with more funds for commercial realty

Puravankara in talks with Accor, Marriott for hospitality ventures
Puravankara Projects, a Bangalore-based real estate company, is in talks with global hotel majors including Accor and Marriott to set up hotels and serviced apartments in Bangalore, Chennai and Kochi. Details regarding the size of the deal are not known.

Hong Kong co plans India foray
Hong Kong-based multinational company QI said it would invest up to US$ 200 million in India in the next five years.

Hotel room rates to increase further: CRIS INFAC
Hotel room rates in India are likely to grow even beyond their current highs, as per a study released by CRIS INFAC, CRISIL's research arm.

Surge in foreign business tourists to India, little room for them
An unpleasant surprise awaits foreign tourists flocking to India. Unless they have booked in advance, they are unlikely to find a room in a star-category hotel at short notice in any of the metros or even a tier-II city.

Gurgaon hotel plot goes for Rs 255.2 cr
The expected demand of at least 10,000 hotel rooms in the National Capital Region (NCR) during the Commonwealth Games in 2010 has boosted the price of hotel sites in the region, and Gurgaon seems to be already upbeat.

Plan for land bank for hotels ahead of 2010 Games
The government will introduce a central sector plan scheme to create a land bank for hotel construction, given the acute shortage of hotel accommodation, particularly during the Commonwealth Games in 2010.

IRCTC goes on junk food diet
Under fire from the Delhi Hgih court for the "unhygienic" state of railway pantry cars, the Indian Railway Catering & Tourism Corporation (IRCTC) has decided to seek the services of food chains McDonald's and Nirula's.

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