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Indian origin hotel investors increasing in overseas markets

Accor opened Raffles London at The OWO, Londons most expensive hotel owned by the Hinduja Group, expressing gratitude to the Hindujas for the partnership. ....

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Go Goa! Hospitality players can't have enough of India's favourite holiday destination

Karanvir Vasudeva s Storii Moira in Goa has 78% occupancies with average room tariffs of Rs 16,500. Goa sees a rise in branded hotel openings and signings. IHCL and Marriott International are in discussions for the Moxy brand. Hyatt recently launched JdV by Hyatt brand. Newer restaurant concepts are emerging in the luxury segment. ....

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Hospitality sector prepares to open its doors wider for people who throng religious hotspots

Many mid-size and upscale hotel companies are firming up investments and capacity expansion plans to the tune of Rs 3,500 crore in key holy towns in the next two years, according to data collated by Noesis Capital Advisors, a hotel investing and consulting firm. This translates into over 5,000 new rooms and about 25,000 jobs. ....

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As Ram Mandir opens doors, jobs come rushing into Ayodhya

Typically, a hotel from construction stage to getting operational takes 3-4 years, said Nandivardhan Jain, CEO of Noesis Capital Advisors. However, in the case of Ayodhya, various permissions could be fast-tracked and, so, the demand for manpower is expected to pour in within 18 to 24 months, he added. ....

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As temple opens doors, robs come rushing in

Typically, a hotel from construction stage to getting operational takes 3-4 years, said Nandivardhan Jain, CEO of Noesis Capital Advisors. However, in the case of Ayodhya, various permissions could be fast-tracked and, so, the demand for manpower is expected to pour in within 18 to 24 months, he added. ....

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