Hotel Industry News

SME News, Wednesday, Apr 03, 2013
NEW DELHI: Union Tourism Minister K Chiranjeevi on Wednesday unveiled a web based Public Service Delivery System for Hotel approval and classification with a view to bring in transparency in granting approvals for hotel projects and classification status to functioning ...

SME News, Monday, Mar 11, 2013
NEW DELHI:  Union Tourism Minister K. Chiranjeevi on Sunday announced an initiative to bring more transparency in approvals for hotel classification by letting the applicants know the status of their application, an official release said.   Hotel promoters and owners seek ...

SME News, Monday, Feb 25, 2013
  NEW DELHI: Hospitality major Carlson Rezidor Hotel Group on Monday said that it will hire around 9,000 people in India as part of expansion, under which it plans to open 100 hotels by the end of 2015.   The chain has four hospitality brands Radisson Blu, Park Plaza, Country Inns ...

SME News, Friday, Feb 15, 2013
AHMEDABAD: Bhagwati Banquets and Hotels Limited has submitted to the Exchange the standalone financial results along with the limited review report for the period ended December 31,2012.   Ahmedabad-based company registered 108% rise in its net profit for the third quarter ended 31st ...

SME News, Wednesday, Feb 13, 2013
  CHANDIGARH: The America-based sub quick service restaurants (QSR) chain, Quiznos, has announced its entry in Punjab on Wednesday, with the opening of its first restaurant at Chandigarh`s popular Aroma Food Court.   Quiznos is the world’s 2nd largest SUB chain with more than ...

SME News, Wednesday, Feb 13, 2013
  MUMBAI: Indian Hotels Company, one of Asia's largest group of hotels, reported an increase of 28.01% in net profit to Rs 646.2 million for the quarter ended Dec. 31, 2012 as compared to Rs 504.8 million in the same period last year.   Total income from operations went up by ...

SME News, Tuesday, Feb 12, 2013
PUNE:  Pune-based Avinash Bhosale Infrastructure Ltd Group (ABIL), a leader in the hospitality, energy and real estate plans to expand its hospitality ventures nationally. It shall begin with establishing two five-star properties in Goa and Mumbai. Currently, it has to its name Westin Pune and ...

SME News, Tuesday, Feb 12, 2013
MUMBAI: Sinclairs Hotels Ltd has reported increase in net profit at Rs 15.86 crore for the quarter ended 31 December 2012 against Rs 1.07 crore in the year-ago period.   The company said in a press release that it had achieved the result by unlocking value of part of its non-core real estate ...

SME News, Monday, Feb 11, 2013
MUMBAI: Indian credit rating agency ICRA has said that the hotel industry in India is likely to see a slight increase in revenue growth for 2012-13. The figures can be put at around the 5-7 per cent mark. The overall economic slowdown could be a prime reason for low demand seen in the industry. The ...

SME News, Thursday, Feb 07, 2013
GOA: The Hotels and Restaurants Association, Western India (HRAWI) is hosting a workshop to educate the industry on the Food Safety and Standards Act of India 2006 (FSSAI) at the International Centre in Goa on February 7, 2013.   The seminar, which will be conducted by Dr V Pasupathy, a well ...

SME News, Thursday, Jan 31, 2013
  MUMBAI: Providing relief to hospitality sector, the Reserve Bank on Thursday allowed companies owning hotels to prepay loans out of external commercial borrowing proceeds.   "It has been decided to include Indian companies in the hotel sector with a total project cost of Rs 250 ...

SME News, Monday, Jan 28, 2013
NEW DELHI:  The small players in the hotel industry, across the country are left behind the giants in no aspect, currently. A recent survey reveals that standalone hotels have geared up to match shoulders with industry giants in terms of customer services. The SME players too could foray into ...

SME News, Wednesday, Jan 23, 2013
KOLKATA:  Hospitality major Carlson Rezidor Hotel Group Tuesday said the new Land Acquisition Bill would hike land prices in India and this would cause a "big entry barrier" for hotel companies to invest.   The new Land Acquisition Bill, which could not be passed ...

SME News, Wednesday, Jan 23, 2013
KOLKATA:  The world's leading hotel management chain, the Carlson Rezidor Hotel Group Tuesday said it plans to open hotels in every capital city of India.   The global hotel major plans to open 100 hotels in the country by 2015 under the Radisson and Park Inn by ...

SME News, Tuesday, Jan 22, 2013
PANAJI:  Star hotels and resorts in Goa could soon have pigs, cows and poultry to gobble up their garbage generated in-house.   Such "animal farms" operated by hotels is on the agenda of Francis Braganza, president of the Travel and Tourism Association of Goa ...