Ratan Tata, the head of IHCL (the Indian Hotels Company) which owns the Taj group of hotels disclosed that Taj group has brand value of Rs 4000 crore. He was responding to queries of shareholders in a meeting. Last year, two big brands in hotel industry Taj and Orient-Express Hotels were disputing ...

Hospitality major, EIH Ltd, which operates the Oberoi chain of hotels, is going to set up two new hotels, one each in Goa & Bangalore. The company will invest 6.5 billion ($165 million) in the new projects. This was revealed by P.R.S. Oberoi, chairman of the company, during the annual general ...

In order to foray into the hospitality segment, the well-known real estate company Parsvnath Developers announced on Wednesday, August 6 that it is going to construct a four star hotel in Lucknow. The proposed hotel will cover an area of 150,000 square feet and will have 130 rooms. ...

The ITC Limited is in action to expand its hotel business by setting up two new ones in Kolkata and Chennai. An investment of Rs 860 Crore will be made over the 1.2 million sq feet hotel ITC builds in Kolkata, whereas work has already initiated on the 600-room property 'Grand Chola' in Chennai. ...

Indian hotel industry is going worldwide now. This time Indian Hotels Company Ltd (IHCL) of Tata group has signed for a partnership with Cuiting Hotspring Hotel Management Company Ltd (CHHMCL) to run two hotels in China. The selection of the sites too have been done by now, and the first site is ...

After buying some of the most expensive homes in the United Kingdom, one hears the NRI steel magnate Lakshmi Niwas Mittal is now contemplating investing in some really upscale country hotels. The consultant of Mittal family is reportedly in talks with the Von Essen Hotels for purchasing a stake in ...

After the Indian government warned luxurious five star hotels that they could lose their zero import duty benefit, if they continued to charge in excess for liquor, the industry is working towards reducing the prices of hard drinks. The luxury hotels are now setting up an upper limit to which ...