Tata Group’s Indian Hotels Company Limited (IHCL), India’s largest hospitality company, announced strong financial results for the second quarter ending September 30th, 2023, marking the sixth consecutive quarter of record performance. IHCL’s revenue grew 18% year-on-year to Rs 1,481 crores, EBITDA jumped 26% to Rs 402 crores with margin expansion of 180 basis points, and […]
Zomato’s stock has seen a sharp run-up of over 120% from its 52-week lows in February 2023, leading to worries of overheating and over-valuation. However, analysts remain bullish on the long-term prospects of the food delivery platform. In a recent report, ICICI Securities said Zomato remains their top pick in the Indian internet space. They […]
Shares of Zomato, the mobile food ordering service, have been priced higher than those of similar peers, but the company can deliver returns if it can maintain its scorching pace of growth in the future, according to Indian broking house Nirmal Bang. Zomato is currently in the IPO market trying to raise Rs 9,375 cr […]
Wonderla Holidays said it has decided to reopen its hotel, Wonderla Resort, near the Wonderla amusement park in Bangalore, from Monday. It said lock-down rules still do not allow it to open the amusement park yet. Wonderla Resort, which is a kind of weekend getaway on the Bangalore-Mysore road, will be opened with a 50% […]
Royal Orchid, which focuses on mid-sized hotels across India, announced the opening of 8 new hotels, its biggest batch of hotel inaugurations ever. The company also announced that it will continue to expand fast, moving up from 64 hotels at present. “We are on a path to set up 100+ hotels across the length and […]
Wonderla Holidays Ltd, which reopened the Bangalore water park partially last weekend, said it will restart water rides at the facility from this week. The other two parks, at Kochi and Hyderabad, remain shut. Wonderla Bangalore was opened five days ago with a limited number of rides, and none of the water rides were available. […]
With the travel and hospitality industry reeling from the impact of the Coronavirus pandemic, Thomas Cook — one of India’s top holiday brands — is offering shorter, and far more affordable, European vacations. These five-day vacations will start from just Rs 19,700, and also come with EMI payment options. However, the list of destinations comprise […]
Kerala has launched the much-awaited BevQ app to facilitate the sale of liquor in the state from tomorrow onward. The app will be available in the Google Play app store in a few minutes, after which connoisseurs can download the same and a slot in the virtual queue tomorrow. ‘Hot’ liquor will be served through […]
Goa Chief Minister Pramod Sawant today said that if the nationwide lock-down is lifted next week, his state would face an unwelcome situation of having to deal wtih Coronavirus-positive travelers from other parts of the country. His comments come in the wake of the Goan government urging Prime Minister Narendra Modi yesterday to extend the […]
Vishwajit Rane, minister in charge of health, industry and trade in Goa, has said that mass gatherings in his state should be banned for the next six to seven months and that he expects the state’s tourism sector to remain more or less dormant during this period. “Mass gatherings, any kind of religious gatherings, prayers […]
With a 21-day lockdown on people movement coming into place overnight, the Kerala government has taken an in-principle decision to allow the sale of liquor via the Internet. A decision in this respect was taken at today’s meeting of the council of ministers headed by Chief Minister Pinarayi Vijayan, according to local media reports. Liquor […]
Lemon Tree Hotels Ltd, India’s third largest hotel chain, opened its first international hotel in Dubai, and said it will also open in Bhutan and Nepal. The Dubai Lemon Tree hotel will be managed by Lemon Tree via its subsidiary Carnation Hotels Pvt. Ltd. and will be owned by Al Waleed Real Estate LLC. Lemon […]
Low-cost carrier SpiceJet announced four new daily flights connecting Kerala capital Thiruvananthapuram with Male and Chennai, and announced promotional fares on the routes. Under the promotional scheme, the 12:30 PM Thiruvananthapuram-Male flight is priced at Rs 5,539 and the return flight, starting at 2:45 PM, is priced at Rs 7,091. Similarly, the flight to Chennai, […]
Thomas Cook India today clarified that the financial troubles of its former, UK-based parent, Thomas Cook Group Plc, will have zero impact on the Indian company as the former parent has sold off its entire stake in the Indian unit seven years ago. Thomas Cook Group, founded in 1841 in Britain, sold its 77% stake […]
Cox and Kings unit Meininger Hotels said that it has signed a contract with French real estate developer COFFIM for the construction of a 194-room hotel in Marseille, its fourth in France. The new hotel, scheduled to open in 2021, will have 574 beds as well as 22 parking spaces. The new hotel is located […]
Travel services company Thomas Cook said it will offer holiday packages in which only 20% of the total travel cost has to be paid up front, and the remaining can be paid in no-cost EMIs. Thomas Cook said that it will offer two packages — four holidays (two domestic and two overseas) in two years […]
Travel services firm Cox & Kings said it has agreed to provide ‘ancillary travel services’ to RCI, considered the largest timeshare holiday network in the world. Cox & Kings will provide various facilities to Indian members of the RCI network, including visa processing, air tickets and transfers. The Indian timeshare holiday market is currently dominated […]
Travel services company Thomas Cook said it will offer special deals to customers to Sentosa, an island resort in Singapore, following the signing of a three-year strategic agreement with Sentosa Development Corporation Sentosa Development Corporation (SDC) is a statutory board in Singapore, under the purview of the Ministry of Trade and Industry. Established in 1972, […]
Cox and Kings’ unit Meininger Hotels said it has signed contract with a German developer for the construction of a 156-room hotel in the city of Stuttgart. The new hotel, scheduled to open in 2021, will have 460 beds in an area of 6,900 square metres on four floors. The new hotel is located near […]
Cox and Kings’ unit Meininger Hotels said it will construct a 126-room hotel in Bremen, Germany. The new hotel, scheduled to open in 2022, will have 378 beds in an area of 5,100 square metres on 11 floors. The hotel is located near Bremen’s Old Town and central station, the travel and tourism company said. […]
