You would be surprised to know that in the hotel industry, supply is anticipated to lag behind demand, giving businesses more negotiating leverage. Along with a shift in investor perception of the industry, company-specific factors may have helped the success of the stocks.
21 Jan 2023The shutdown and slowdown was initially expected to affect revenue streams only till October but reports and surveys now indicate otherwise
2 min read9 Sep 2020The need to avoid human contact and labour shortage have given new urgency to the adoption of robots in hotels and restaurantsWith hotels now opening their doors after a crippling lockdown, operators are considering deploying robots to reduce human touch
2 min read17 Jul 2020Rajasthan meeting at CM Ashok Gehlot's residence ends, amidst dispute with Deputy CM Sachin Pilot, MLAs head for hotel
1 min read13 Jul 2020The hotel cost $200 million to construct with a 24-carat plating across lobbiesThe relatively modest construction price tag was achieved by sourcing the gold plating locally -- significantly reducing costs
1 min read5 Jul 2020To conserve cash, Chalet has postponed capital expenditures on two of its hotel projects with about 410 roomsChalet has also cut back on renovation exercise in some of its properties
1 min read10 Jun 2020Adequate manpower shall be deployed by hotel management for ensuring social distancing normsDetails of the guest, travel history, medical condition, etc., along with ID and self-declaration form must be provided by the guest at the reception
1 min read5 Jun 2020The CII committee appealed to reconsider this decision as hotels are neither designed or equipped to deal with cases of this nature where ailing patients would need careful supervision in a sanitized environment
2 min read4 Jun 2020A day after the Delhi government order, the Centre issued a notification allowing the hospitality industry to resume operations from 8 June
2 min read3 Jun 2020The group has collaborated with Bureau Veritas, laboratory testing, inspection and certification services firm, to validate and review its programmeThe group will appoint dedicated hygiene and safety managers at each hotel for supervision
1 min read22 May 2020