SAROVAR HOTELS
Delhi's air woes drive demand for hill getaways, resort stays
Hotels and alternative accommodations are reporting increased bookings from Delhi as air quality deteriorates. Popular destinations for travelers include the hills for cleaner air and cooler weather. Younger travelers are opting for short getaways to leisure destinations nearby. Remote workers are also seeking overseas trips during this polluted period. Overall, there is a noticeable rise in demand for escapes from the city.
Inside Gujarat's Rs 426 cr tourism makeover: Rs 14.3 cr Rain Forest, Rs 16 cr cruise, Rs 50 cr IRCTC hotel, Rs 5.79 cr Cactus & Butterfly Garden
Prime Minister Narendra Modi inaugurated 23 projects worth Rs 307.83 crore and laid the foundation stones for eight more worth Rs 118.88 crore in Gujarat's Ekta Nagar on Rashtriya Ekta Diwas. The projects include a Rs 50 crore IRCTC hotel, Rs 16 crore Ekta Cruise, Rain Forest attraction, Eco Trail, improved roads, travelators and waste management facilities around the Statue of Unity.
From Deoghar to Udupi: Family offices bet Rs 2,000 crore on hotels in pilgrimage towns
Nearly Rs 2,000 crore has been committed across key religious destinations over the past 12-18 months, according to Noesis Hotel Advisors, as some of India's wealthiest business families turn their conviction in these destinations into a hospitality investment play.
Radisson India revenue to cross €500 million this year, eyes €750 million in four years
Radisson Hotel Group anticipates its revenue in India to surpass 500 million Euros this year and aims for over 750 million Euros in the next four years. The chain currently operates 146 hotels in India, significantly below its 318 hotels in China, making India its second largest market. The company plans to expand without consolidating with Jin Jiang brands in India while partnering with Sarovar Hotels.
Sarovar Hotels targets revenues of Rs 2,300 crore this year
Sarovar Hotels targets Rs 2,300 crore revenue this year, a 15% increase. The company is ahead of its goals, with February and March performing strongly. Domestic travel is a key focus, mitigating impact from international conflicts. Sarovar is expanding with a focus on quality over quantity, targeting tier two and three cities. Branded residences are a new growth area.
India-EU trade pact will help boost tourism, demand for hotels, says Louvre Hotels CEO
India and the European Union's free trade agreement is set to boost travel and hospitality demand. Louvre Hotels Group sees India as its fastest-growing market. The company is investing in Sarovar Hotels, its Indian arm, to expand its presence. Sarovar aims for significant growth and plans to increase its hotel count through franchising and third-party management.
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Realty developer Trehan Iris partners with Sarovar Hotels for property in Gurgaon
Trehan Iris has joined forces with Sarovar Hotels to launch a 79-room hotel in Gurgaon, named Iris Sarovar Portico, with a Rs 75 crore investment. Located in sector 85 within the Iris Broadway mall, which is fully leased with 45 brands, the hotel anticipates generating Rs 10-12 crore in revenue.
Sarovar Hotels to breach the Rs 2,000 crore revenue mark next year: CEO Jatin Khanna
Sarovar Hotels experienced record growth in 2024, opening 26 hotels and signing 42 more. They aim to surpass Rs 2000 crore in revenue next year, expanding their presence in tier 2, 3, and 4 cities, religious destinations, and key metros. Strong domestic demand and corporate travel are fueling the chain's expansion across various brands.
Sarovar Hotels plans to expand to 150 hotels in over 90 destinations by 2025, says CEO Jatin Khanna
From temple tourism to weddings, Sarovar Hotels says demand is robust for its 125 hotels spread across India.
Sarovar Hotels and Resorts to add over 15 properties by end of 2021
The company currently manages 93 hotels with more than 6,900 rooms in 55 destinations in India and Africa. The upcoming hotels will be primarily under the Sarovar Premiere, Sarovar Portico and Golden Tulip brands, Managing Director Ajay K Bakaya said.
Sarovar Hotels to add 16 properties across India by 2019-end
The company currently manages 73 hotels in India and three overseas with around 6,000 rooms.
Sarovar Hotels to open 17 properties next year, considering international expansion to markets beyond Africa
The company plans to open 17 new hotels next year in India and Africa including locations such as Goa, Jammu, Dalhousie, and Dar es Salaam in Tanzania.
Sarovar Hotels to open 15 properties by 2019-end
The upcoming hotels will be mainly under the Sarovar Portico brand, three of them will be Sarovar Premiere and one each will be under the Park Plaza and Hometel brands, he added.
Sarovar Hotels launches its value brand Hometel with a hotel in Nairobi
The 80 keys Tetezi Hometel is located along Riverside Drive, Nairobi and is owned by Tetezi House Ltd. of which the owner John Mburu is a renowned and established lawyer.
Sarovar Hotels launches its value brand Hometel with a hotel in Nairobi
The hotel, upon completion, will offer all modern facilities required for a first class hotel of international standards.
Louvre Hotels acquires majority stake in Sarovar
Louvre is considering buying out the company completely over the next three years, people familiar with the deal said.
Sarovar Hotels sells majority stake to Europe's Louvre Hotels
After the deal, Louvre Hotels' Golden Tulip Hotels business will merge with Sarovar Hotels.
Louvre Hotels Group announces acquisition of Sarovar Hotels
Bakaya said the company will continue its expansion in India and Africa and aims to expand to cities like New York and Paris under the merged entity
Sarovar Hotels plans expansion in Africa and smaller towns in India
Sarovar operates over 75 hotels currently across 50 destinations in India and Africa and is focusing on its three- and four star brand Portico in its expansion plans.
Sarovar Hotels eyeing 10 hotels in Africa, enters South Sudan
Sarovar Hotels is planning to operate 10 hotels in Africa and has forayed into South Sudan by taking over management of Panorama hotel.
Sarovar Hotels & Resorts opens its first midscale property, Hometel, in Chennai
The property offers an all-day dining outlet with bar, a fitness centre, banquet and conference spaces along with business centre .
Wyndham Hotel Group sets sight on Sarovar Hotels and Resorts
Senior executives from Wyndham have already held initial talks with the top brass of Sarovar Hotels, promoted by Anil Madhok.
Sarovar Hotels eyes expansion in tier-2 cities of South
The Sarovar Hotels executive director Ajay K Bakaya announced this in Hyderabad but refused divulge details on the overall investments involved for the Southern expansion.
Sarovar Hotels opens Park Plaza in Zirakpur, Punjab
This hotel is located on the Ambala - Chandigarh National Highway – 21, which also connects Zirakpur with Delhi, Haryana, Punjab and Himachal Pradesh.
Sarovar Hotels opens Shraddha Sarovar Portico in Shirdi
Hotel management firm Sarovar Hotels has announced the opening of Shraddha Sarovar Portico in Shirdi, its tenth property in Maharashtra.
Sarovar Hotels to open third property in Africa
Hotel management firm Sarovar Hotels has announced the signing of a new hotel in Kenya, its third in Africa.
Sarovar Hotels to set up second hotel in Kerala
Promoted by P A Mahamood Haji, Sarovar Portico Bekal, will be operational by 2014.
Sarovar Hotels announces opening of Vasundhara Sarovar Premiere in Kerala
Sarovar Hotels, a fast growing hotel management company in the country, has announced the opening of Vasundhara Sarovar Premiere.
Sarovar Hotels to build 23 hotels in Gulf
Sarovar Hotels has tied up with investors to build as many as 23 hotels across the country.
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