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Article - Unlocking the Potential of the Extended-stay Hotel Segment in India - By Akash Datta, Dipti Mohan and Dhwani Gupta - Extended-stay hotels are one of the fastest growing segments globally, but it remains a relatively niche offering in India. Read on to know more. ....
Article - HVS Market Report Asia Pacific - By Hok Yean CHEE - The Market Snapshot: Asia Pacific 2023 highlights an overview of transaction activity in the region and presents 25 markets current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions. ....
Interns of Malda Medical College and Hospital (MMCH) staged an agitation demanding adequate security for their safety after a group of people allegedly assaulted more than five junior doctors and ransacked a unit of the hospital after sudden death of a snake bite patient today. ....
Akash Datta hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
Akash Datta Hotel transactions value in India contracted by approximately 50% to reach INR24,611 million (approx. US$332 million) in 2020 compared to INR49,372 million (approx. US$690 million) in 2019, but was still higher than the previous peak of INR19,929 million achieved in 2015. Going into 2020, mergers & acquisitions (M&A) activity in the sector was expected to be stronger than that witnessed in 2019. The year began on the right note with Chalet Hotels signing an agreement to acquire the Novotel in Pune and private equity firm Blackstone receiving approval to acquire the Trident hotel in Hyderabad under the bankruptcy law. However, due to the uncertain market conditions, and challenges related to conducting due diligence and closing deals on virtual platforms because of the COVID-19 lockdown and restrictions, companies adopted a wait-and-watch policy, deferring their M&A plans, especially during the second and third quarter of the year. As per media reports, the ....