HOTELS

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• The Jain Group, a Kolkata-based real estate developer, ties up with Sarovar Hotels

  By leveraging this partnership, the real estate group aims to enhance its presence across key markets and capitalise on emerging opportunities.

  

• Accor set to unveil more strategic announcements in 2024

  The hotel company currently operates 61 hotels across a diverse array of iconic brands, including Raffles, Fairmont, Sofitel, Pullman, Grand Mercure, Novotel, Mercure, ibis, and ibis Styles.

  

• Brij Hotels plans 50 boutique properties

  The Delhi-based company, which recently secured USD 4 million (about INR 33 crore ) in series A funding, currently operates eight properties and aims to add three–four properties in 2024-25.

  

• Mirum India bags digital mandate for ibis Hotels

  The brand now aims to strengthen its position in the market by reaching out to its audience more effectively through digital channels. With a focus on building a community for the brand on the digital front, Mirum India will play a strategic role in creating awareness and driving top-of-the-mind-recall for the brand, the company stated in the press release.

  

• Cygnett Hotels & Resorts to expand into upscale and lifestyle space

  Having been an economy and budget player since its inception 10 years ago, Cygnett Hotels & Resorts will now be moving slowly and steadily into the upscale and lifestyle space.

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• FHRAI opposes MoT’s third-party star-classification proposal; says it will make the process rigid and mechanical

  The ministry of tourism, Govt of India had sought feedback from tourism and hospitality industry associations on replacing the current HRACC-based hotel classification system with a 3rd party star-rating system by NABCB accredited agencies.

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• Oberoi Group to open 50 new hotels by 2030

  Oberoi also said that hotel rates need to increase in India. “I sometimes feel our rates in India should be much higher. I urge all our colleagues to drive rates up. Because we have amazing hotels. Whether it’s Taj, Leela, or Oberoi. Our hotels are world class in India,” he said.

  

• Ascott aims to grow in India in their own unique way

  Serena Lim, chief growth officer, Ascott International Management India speaks about her company’s unique offerings and approach to hospitality.

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• Leisure Hotels Group draws up plans to expand to 100 properties by 2030

  The company, that owns and runs properties and concepts such as Aloha on the Ganges in Rishikesh; The Riverview Retreat, Corbett National Park; The Earl‘s Court in Nainital; and The Manor properties in Bareilly and Kashipur, is considering locations across markets such as Udaipur, Jodhpur, Chittorgarh, Kanha, Khajuraho, Vizag, Pondicherry, Kanyakumari, Thekkady and Kodaikanal to expand further.

  

• Juniper Hotels IPO subscribed 23 percent on Day 2

  ​The initial public offer (IPO) of Juniper Hotels continued to see muted response from investors with an overall subscription of just 23 percent on Thursday, the second day of the bidding process. The issue closes on February 23.

  

• London's iconic BT Tower to become a hotel

  Opened by Prime Minister Harold Wilson in 1965, its central role in communications has faded, and its microwave aerials were removed more than a decade ago when they were no longer needed to connect London to the rest of the country.