HOTELS

Make room for budget properties

Anoop Bali, CFO, Tourism Finance Corporation of India (TFCI), claims that the market needs more budget hotels and entrepreneurs should shift focus to this segment soon. TFCI has been funding tourism projects in the country for the last 25 years and is one of the biggest tourism advisory bodies in …

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ITDC’s programme on cashless banking

In the wake of demonetisation, India Tourism Development Corporation (ITDC) organised an interactive awareness programme for its employees in association with State Bank of Hyderabad. During the awareness program, various available modes of cashless transactions such as POS machines, e-wallet, mobile banking, online banking, using apps such as SBI Buddy, …

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Ramada cares for the underprivileged

Representatives from Ramada Jamshedpur Bistupur distributed blankets, food and first-aid to the underprivileged in the city. The various department heads of Ramada Jamshedpur Bistupur Hotel ventured out at the midnight of January 3, 2017 to reach out to the needy and underprivileged in Jamshedpur city. The team, stocked with woolen …

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High demand for 3-4 star hotels

Hotel Park Ocean, which began operations in mid-2016, focuses on brand awareness and expects to grow its market share in 2017 through travel partners. Sandeep Jain, Managing Director, Hotel Park Ocean, feels that the USP of the property is its pricing along with facilities such as meetings and banquet space, …

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Treebo targets 1500 hotels

Treebo Hotels, a technology-enabled budget hotel chain, is one of the few new entrants in the market that has seen occupancy increase from 40-50% to 75%. Treebo Hotels was set up with the mission of providing a budget-traveller the best value for money by building a budget hotel brand. With …

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Credit worthiness rating for roomsXML

The company has now been rated MSE 2 by CRISIL which is significant especially in the light of travel suppliers going bankrupt in recent times. roomsXML Solutions Limited has now been rated MSE 2 by CRISIL, an S&P Global company. The rating indicates high credit worthiness, good financial strength and …

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Lords to expand in Nepal, ME and Africa

Lords Hotels & Resorts is looking at Southeast Asian countries to expand its footprints. Lords Hotels & Resorts is available across four brand segments. Lords Plaza largely caters to the business segment, while Lords Inn, Lords Eco Inn and Lords Resorts cater to the leisure segments. Rishi Puri, Vice President, …

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RARE aims at 44% occupancy

From four properties to now44, Rare Experiences & Destinations has grown by leaps and bounds, and with new partners coming on board, the group is hopeful to cap it at 50. Rare Experiences and Destinations recently organised an event in Delhi with its new partners on board including Bera Safari …

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Key to staying relevant in the changing market

OYO says they put in extra efforts to understand guests and believe this to be a key differentiator. The brand has now shifted to a revenue share model. Starting from one hotel in Gurgaon in 2013, OYO today is India’s largest hotel network with 7,000 hotels across 200 cities and …

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