Luxury hotel chain Jumeirah to start India operations by 2019

Last Updated: Tuesday, April 7, 2015, 19:41

"We have already signed a management contract and by 2019 we plan to have our first operational property under the Jumeirah brand in India," Jumeirah Group president and Chief executive officer Gerald Lawless told PTI.

Carlson Rezidor to add over 50 hotels in India in 5 years

Last Updated: Monday, April 6, 2015, 18:42

The company has set a target of having a hotel in every major city in India with a landmark property in every state capital.

Taj Group enters Dubai with 296-room luxury hotel

Last Updated: Monday, March 30, 2015, 18:05

The Taj Group has opened a 296-room luxury hotel in Dubai's prestigious Burj Khalifa downtown area.

Carlson eyes south India's religious centres to boost biz

Last Updated: Wednesday, March 18, 2015, 17:00

South India has vast potential for religious tourism and the group is focusing its attention to develop hotels in major pilgrimage centres like Tirupati, Madurai and Rameshwaram, said Raj Rana, CEO, Carlson Rezidor Hotel Group, South Asia.

Wyndham to add 15 new hotels in India by 2015 end

Last Updated: Tuesday, March 17, 2015, 19:24

The US-based chain currently has 24 operating properties in India with a total of 2,500 rooms at various locations.

Indian hotel tariff declines 2 per cent in 2014: Report

Last Updated: Sunday, March 8, 2015, 12:23

Despite hotel tariff rising globally due to an improving world economy, it declined in Asia, including India, by two per cent during 2014, making it the second consecutive year the region reported a tariff decline, says a recent survey.

Sahara's Grosvenor House put on sale; may fetch Rs 5,000 cr

Last Updated: Tuesday, March 3, 2015, 17:44

In a fresh twist to crisis-hit Sahara Group's efforts to raise funds, its iconic hotel property Grosvenor House, estimated to be worth over Rs 5,000 crore, has been put on sale by lenders.

Hotel industry revenue may grow 9-11% in FY16: ICRA

Last Updated: Monday, February 23, 2015, 19:44

Indian hotel industry revenue is expected to grow by 9-11 percent in 2015-16 -- after a subdued growth rate of 5-8 percent in the current fiscal, rating agency ICRA said in a report.

Hotel Leela gets stay against NDMC move

Last Updated: Saturday, February 14, 2015, 23:18

Hotel Leela Palace has secured a stay order from the Delhi High Court against New Delhi Municipal Council's move of attaching its bank account for not clearing property tax dues.

Sahara Group close to $2 billion deal with Mirach Capital

Last Updated: Tuesday, January 20, 2015, 18:49

Looking to garner funds to secure bail for its Chairman Subrata Roy, Sahara Group is in advanced stages of tying up a financial package worth nearly USD 2 billion (over Rs 12,000 crore) from US-based Mirach Capital Group.

Oberoi Mumbai voted World's Best Hotel

Last Updated: Monday, January 12, 2015, 16:35

he Oberoi Mumbai has been voted as the best hotel in the world in a global poll conducted by a leading financial magazine, Institutional Investor, USA.