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www.expresshospitality.com FORTNIGHTLY INSIGHT FOR THE HOSPITALITY TRADE
16-29 February 2008  
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    MARKET - The Business of Hospitality
 

Rail Ratna project to remain under IRCTC
The Rs 20,000-crore dream project of the Indian Railway Catering & Tourism Corporation (IRCTC) - the Rail Ratna budget hotels - will now remain under the authority of IRCTC.

ITDC to open spas with PPP model
The India Tourism development Corporation (ITDC) is looking to spice up many of its hotel properties across the country by adding internationally-managed spas.

Parsvnath, FPHL in MoU to invest Rs 2,500 crore
Real estate major, Parsvnath Developers have signed an MoU with Fortune Park Hotels(FPHL), a wholly owned subsidiary of ITC, to manage 50 hotels across the country over the next three to five years.

"We are not trying to be the biggest, but the best"
Michael H Hobson, chief marketing officer, Mandarin Oriental Hotel Group, visiting the country for a two-city road show speaks of India's relevance in the group's growth plans. By Neeti Mehra

Factories Act could shut down small businesses - BHA
The recent decision of the Union Ministry of Labour and Employment to include the hotel industry under the aegis of the Factories Act has been termed as an 'anti-employee Act' by the Bangalore Hotels Association.

Victora group forays into hotel sector
Auto parts major, Victora group, has ventured into the hotel sector. In an exclusive interview with Express Hospitality, GS Banga, chairman, Victora group of industries, said, "We have decided to enter the hospitality industry with a new company 'Victora Hospitalities'.

'About 51,000 rooms are being added in existing 5-star hotels'
D K Singh, director of Heritage Institute of Hotel & Tourism-Agra & Shimla, speaks about the job prospects in hospitality and its training needs

Fortune Hotels to build lodges
Fortune Hotels, a wholly owned subsidiary of ITC hotels, has become the latest hotel chain to foray into the lodges segment.

Royal Garden Hotel targets Indian outbound market
The upscale London-based Royal Garden Hotel has expressed its interest in the outbound India market.

Magarpatta City opens up for hospitality
Pune-based Magarpatta City township is to open 130 suite serviced apartments by May this year.

Neeta to add seven properties, take total to 13
Neeta Travels, a Volvo bus service provider in Maharashtra is in the process of expanding its hospitality business by adding seven more budget properties across the state to its existing portfolio under the Neeta brand name.

Adiga aims at a pan India presence by 2010
With the aim of spreading South Indian cuisine in India and internationally, Bangalore-based Adiga group of hotels plans to open exclusive south Indian vegetarian restaurants in Chennai, Hyderabad, Mumbai, Delhi and Jodhpur between 2008 and 2010.

Holiday Inn Bangalore to be operational from 2011
Holiday Inn Bangalore, being developed by Brigade Hospitality Services, a wholly owned subsidiary of Brigade Enterprises in management contract with Intercontinental Hotels Group is slated to be operational by 2011.

Bird flu threatens restaurants in Bengal
The Avian flu outbreak in Bengal has reached such lengths that the poultry industry in the state is on the verge of collapse.

deGustibus gets into catering
deGustibus Hospitality owned by restaurateur Rahul Akerkar is launching a catering division - Moveable Feast.

Foodesign Systems Associates assesses base in Middle East
Foodesign Systems Associates, a company that provides auditing solutions to hotels and restaurants, is planning to create a second base in the Middle East.

Royal Orchid to establish nationwide footprint by 2010
Bangalore-based Royal Orchid Hotels (ROHL) is creating multiple formats to de-risk its business model that focuses on the business hotel segment, while establishing a pan-India presence across the country by 2010.

SRPL on a major expansion spree
Speciality Restaurants (SRPL), the country's largest chain of fine dining eateries of reputed brands is on a major expansion spree.

Akruti City to share the hospitality pie
Akruti City, previously known as Akruti Nirman - a real estate developing firm, is looking at entering the hospitality sphere with time-share and serviced apartments as well as a few hotel properties.

Royal Palms to take its rooms tally to 4000
Real estate and hospitality company Royal Palms has announced its plans to open 4,000 rooms in the commercial township that it is developing in Mumbai.

Mayawati writes off UP's Hotel Policy
Citing corruption and shady deals in land auctions, UP chief minister, Mayawati has scrapped the Hotel Policy 2006 brought out by the previous government and is redrafting a new Hotel Policy, which will be announced shortly.

Asian hotel sales reach record high of US$ 10.8 billion in 2007
Hotel transaction activity in Asia reached US$ 10.8 billion during 2007, more than double the previous high of US$ 5 billion recorded in 2006, according to Jones Lang LaSalle Hotels.

Smaller hotels begin ancillary operations to fund expansion
While the big hospitality groups take on joint ventures and debt financing as a natural course for growth, the smaller hotel groups are looking at ancillary businesses that can branch out as a sustained business proposition and support their mainstream business ambitions in the long run.

Chokhi Dhani plans to expand to 38 locations
Heritage Village resort Chokhi Dhani has announced it plans to expand to 38 locations in the country.

The Claridges ties up with Swift Car Rentals
In order to avail complete travel solutions, The Claridges, New Delhi has tied up with Swift Car Rentals, to run their Travel Desk and provide luxury cars for guest pick up and drop.

Industry research finds discounting costs Asian hotels money
Conventional wisdom says hotels can undercut their competitors' room rates to grab market share and boost room revenues.

New kids on the block


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