Anumeha Chaturvedi
Journalist at The Economic Times
Journalist at The Economic Times. Views expressed are personal. Retweets=Interesting/noteworthy
Articles
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1 week ago |
economictimes.indiatimes.com | Anumeha Chaturvedi
India has the 'best' economic fundamentals in the world for new hotel development, and Radisson Hotel Group will aim to sign 50 hotels a year for the next five years to take the footprint locally to 500 by the end of this decade, a top executive told ET.“India is certainly in the top three countries in the world in terms of our pipeline.
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2 weeks ago |
economictimes.indiatimes.com | Anumeha Chaturvedi
SynopsisAscott plans to double its India portfolio to 12,000 units by 2028, capitalizing on the country's growing disposable incomes and underserved lodging market. The company differentiates itself with flexible short and long-stay apartment options in both cities and resorts. Expansion will target tier two and three markets, adding 600 units by early 2025.
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2 weeks ago |
economictimes.indiatimes.com | Anumeha Chaturvedi
Companies say the time is ripe for India to experience these brands which currently have a select presence in niche markets. Global hospitality chains are exploring introducing new brands to tap India's fast-growing and diversified clientele, with some boasting bragging rights of having hosted the Oscars afterparties for Hollywood stars to all-inclusive brands offering various amenities.
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2 weeks ago |
economictimes.indiatimes.com | Anumeha Chaturvedi
NEW DELHI: India is likely to see $1 billion in investments in the hospitality sector by 2028, as per estimates shared by JLL exclusively with ET.
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2 weeks ago |
economictimes.indiatimes.com | Anumeha Chaturvedi
IHG Hotels & Resorts sees “significant potential” in India for launching its luxury lifestyle brands such as Kimpton and Regent , Kenneth Macpherson, its chief executive for Europe, Middle East, Asia and Africa (EMEAA), told ET.He said IHG’s pipeline of new hotels for India is likely to contribute a greater share to the EMEAA region than before and the country was one of the strongest performing markets for the chain last year, with revenue per available room growing 8.6% from the year...
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Ascott, the lodging business unit wholly owned by CapitaLand Investment (CLI), plans to double its portfolio in India to 12,000 units by 2028 as it sees ‘significant’ headroom for growth, said Kevin Goh, CEO of Ascott in an interview with ET. https://t.co/ciQDH7qv1Z https://t.co/VNALuo60U2
With bragging rights of having hosted the Oscars afterparties for Hollywood biggies to all inclusive brands that offer a whole host of amenities besides breakfast & stay, global chains are planning or considering bringing a wide variety of brands to India. https://t.co/GJuiqhkYrK https://t.co/PbVkcYL16E
India is likely to see $ 1 billion worth of investments coming into the hospitality sector by 2028, as per estimates shared by JLL exclusively with ET. https://t.co/bmblVjztUM https://t.co/fotHibaSHl