GUJARAT HOTEL SIGNING
Lemon Tree Hotels shares soar 13%. What’s keeping traders active?
Lemon Tree Hotels' shares surged over 13% following the announcement of its expansion into Gujarat with a new hotel signing. This move, part of a broader asset-light growth strategy, reinforces the company's focus on tourism and pilgrimage markets. The company is also undergoing a strategic restructuring with Warburg Pincus to unlock shareholder value.
Room with a view! More branded hotels check into state capitals
Branded hotels are set to expand across India's state capitals. Patna alone will see its branded hotel pipeline grow to eleven. Across the country, an estimated 60,253 new hotel rooms are expected in the next five years. Cities like Lucknow, Kolkata, Shimla, and Raipur are also anticipating new hotel developments.
Govt launches updated Aadhaar app with focus on privacy
Launched on wednesday by the Unique Identification Authority of India (UIDAI), the update allows the Aadhaar details of up to five family members to be uploaded and face verification for proof of presence.
While tourism dims in Kashmir owing to border tensions, visitors flock to Jammu's Patnitop
Amidst India-Pakistan tensions and the aftermath of the Pahalgam attack, Patnitop and Batote experienced an unexpected surge in tourism. Visitors seeking safety and security flocked to these areas, providing a much-needed boost to the local economy. Hoteliers reported a significant rise in income as tourists, including those rerouted from Kashmir, found solace and a sense of security in Patnitop.
Mascot Infra to develop 385-acre industrial city in Ahmedabad district
Mascot Infrastructure is set to develop a 385-acre integrated industrial township, Mascot Industrial City, in Vithalapur, Ahmedabad district. Strategically located near the auto cluster and connected to key infrastructure projects like the Delhi-Mumbai Industrial Corridor and Dholera SIR, the township will feature industrial, residential, and commercial zones.
Rising hospitality trends: Tier-3 cities in India see surge in hotel openings
Smaller towns in India have seen a significant spike in new hotel signings, driven by economic growth, increased travel, and religious tourism. Key global hospitality brands are expanding into tier-2 and tier-3 cities, capitalizing on improved infrastructure and rising lifestyle aspirations.
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Radisson Hotel Group signs strategic partnership with NILE Hospitality for growing Park Inn & Suites by Radisson brand
Radisson Hotel Group partners with NILE Hospitality for strategic expansion of Park Inn & Suites by Radisson in Rajasthan and Gujarat. Nikhil Sharma and Vikram Singh Chauhan express enthusiasm for the partnership, aiming to cater to the growing demand for quality hospitality experiences in tier two to tier five cities in India.
PM Narendra Modi to lure tech, EV investments at Gujarat summit as poll looms
Vibrant Gujarat summit: Indian Prime Minister Narendra Modi is hosting the Vibrant Gujarat Global Summit in Gujarat, India, to attract foreign and domestic investors. The event, which is in its 10th edition, is expected to attract around 100,000 visitors, including chief executives, business leaders, ministers, and diplomats from 133 countries. Foreign companies participating include Microsoft, Nasdaq, Google, Suzuki, and Toyota.
Uttarakhand government signs MoU worth Rs 15000 crores with JSW Neo Energy
CM expected cooperation in the field of pump storage plant, cement, sport, training centre, drinking water and restoration and beautification of the temples of Kumaon region (Manaskhand temple Mala under the CSR) in the state.
Hotel brands book into small towns with big potential
Be it Khajjiar in Himachal Pradesh, Kevadia and Vithalapur in Gujarat, or Hoshiarpur in Punjab - many lesser-known locations in India are beginning to get branded star category accommodation options as hoteliers double down on expansion in the country.
IHG is well positioned in India and would like to bring more brands: Kenneth Macpherson, CEO, EMAA, IHG Hotels & Resorts
"The available hotel supply versus the growth of the economy and spends in the domestic market. That is actually very healthy at the moment. The awareness of our Holiday Inn brand in the Indian market is very high. There is an opportunity to grow our luxury portfolio here. We are well positioned and want to bring more brands in,” Kenneth Macpherson, CEO, EMAA, IHG Hotels & Resorts, added.
16 MoUs signed at pre-Vibrant Summit event; Taj Group pledges to set up hotel near Statue of Unity at Kevadia
In the 16 MoUs signed on Monday, the companies have proposed investments for waste-to-energy and waste-to-oil conversion plants, installation of patented equipment to control air pollution and disinfection of viruses, bacteria with an innovative approach to environmental protection, etc., according to an official statement.
ITC to invest $2 bn to expand capacity in FMCG, paper, packaging, agri-biz
ITC chairman and managing director Sanjiv Puri said the company is setting up new plants such as for spices which will cater to both exports and domestic markets, packaging plant in Gujarat since there are huge demand in that region from clients, a nicotine derivative plant and also adding new lines and upgrade existing ones. He declined to specify the investment horizon in years.
Hyatt to make room for 14 new properties over next two years
Hyatt Hotels & Resorts plans new hotels in Kochi, Thrissur, Udaipur, Bengaluru, Gurgaon, Dharamshala, Jaipur & Vadodara.
Budget hotels teaming up to take legal route against Oyo
Individually, hoteliers can't compete with the might of funds-flush unicorn, said the hotels.
People can now apply for 'Gujarat Card' online: Minister
The Gujarat Card is a state government initiative for people of Gujarati origin living abroad and in other states of India.
Leelaventure to soon take a call on selling its Chennai property
In its results for the quarter ended December, 2017, Hotel Leelaventure had said that it was pursuing a viable restructuring package with certain concessions in interest and repayment terms.
The Leela wins contract to manage Mahatma Mandir, India's largest convention centre
The 34 acre Mahatma Mandir can accommodate up to 15,000 people and has a convention hall with a seating capacity of 6000 people.
Almost 70% MoUs of Vibrant Summits materialised: Vijay Rupani, Gujarat CM
Rupani made this statement while laying the foundation stone of 'ITC Narmada', a luxury hotel coming up in Vastrapur area here with an investment of Rs 600cr.
Brigade to invest Rs 240 crore in hotels in Kochi, GIFT City
Brigade Hospitality Services, part of Bengaluru-based real estate developer Brigade Group, plans to invest an estimated Rs 240 crore to build two four-star hotels
Gujarat map shows Arunachal Pradesh, J&K as disputed, says Congress
Congress asks for PM's apology for wrong map, questions his silence on Chinese incursions in the Indian territory.
Chinese President Xi Jinping gets lavish welcome from Narendra Modi
Breaking from protocol, Modi unrolled a grand welcome for Xi on his home turf, setting the stage for their Summit tomorrow in Delhi that is expected to reboot political and economic ties.
President Xi's India visit: India, China sign 3 pacts
The agreements include sister city pact between Guangzhou in China and Ahmedabad and setting up of an industrial park in the state.
China President Xi's India Visit: Foreign Secretary Sujatha Singh reviews preparations for Chinese President Xi Jinping's visit
PM will be in Gujarat from September 16 to welcome the Chinese President. Coincidentally, September 17 is also the 64th birthday of the PM.
Gujarat walks the business ramp in US ahead of PM Narendra Modi's visit
Politicians in India are typically cautious about endorsing business and industry, but Modi believed business to be the engine of growth.
Lords Hospitality Group eyes 35 properties by 2015
Lords Inn Hotels & Developers, the Indian subsidiary of US-based Lords Inn Hotels, is eyeing up to 35 properties across the country by 2015.
BWI plans to have 100 hotels in India by 2017
World's largest hotel chain with single brand- Best Western International (BWI) today said it plans to have 100 hotels in India by 2017.
Carlson continues the expansion of Radisson in India
The latest hotel signing brings the Radisson portfolio in India to 42 hotels.
Carlson's total portfolio jumps to 42 hotels in India
The Gandhidham region has a rich history and several nearby attractions such as the Rao Pragmalji palace, Sharad Baug palace and the Kutch museum.
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