Hotels and Tourism Newsletter – December 22 to 26, 2014

In the latest report by Cushman & Wakefield, global real estate consultancy reveals that two prime markets in India, Delhi – NCR and Mumbai are expected to see an addition of 6798 rooms by the end of 2015.

Dec 26, 2014 06:12 IST India Infoline News Service

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Delhi – NCR and Mumbai expected to see addition of 6798 rooms by the end of 2015: Cushman & Wakefield
In the latest report by Cushman & Wakefield, global real estate consultancy reveals that two prime markets in India, Delhi – NCR and Mumbai are expected to see an addition of 6798 rooms by the end of 2015.
This was a part of the recently released report ‘Hotel Views’ on end-year updates and forecast on the hotel markets across Asia and Australia covering over 18 gateway cities and prime destinations. India’s key hospitality markets have shown a downward trend in Average Occupancy Rate (AOR) whilst the Average Daily Rate (ADR) in both cities have recorded an increase of 2%...Read More

New Year holiday season to see 30% rise this year on last comparable period: ASSOCHAM
Upcoming holiday season is expected to witness about 30 per cent increase in the tourism activity comprising domestic tourists, outbound holidayers and inbound foreign visitors despite a sharp increase in the fares by airlines, according to an ASSOCHAM latest assessment.   

While domestic, well-off outbound tourists are booking for estimations like Dubai, Hong Kong, Thailand, Malaysia, Singapore, Maldives and even as far as  South Africa, those settling for domestic spots would be heading for Goa, Kerala beaches , hills of Himachal Pradesh, Uttarakhand...Read More

Zomato acquires Cibando
Online restaurant search firm Zomato has acquired Italy’s restaurant search service Cibando, according to reports. Report said that the terms of the deal is not disclosed.
The acquisition is expected to be completed over the next week, Zomato reportedly said.
Cibando has 82,000 restaurants listed across various cities in Italy and has now a 10-member team.
Domestic News
PM inaugurates the 5-Day Cultural Festival ‘Sanskriti’ at Varanasi
The Prime Minister, Narendra Modi inaugurated a five-day cultural festival ‘Sanskriti’ at Varanasi today. The Minister of State for Culture (Independent Charge), Tourism (Independent Charge) and Civil Aviation, Dr Mahesh Sharma was present at the function organized by the Union Ministry of Culture.

Speaking on the occasion, Dr Mahesh Sharma said that Varanasi is an important centre of Culture and history, and is one of the favourite visiting places for foreign tourists...Read More

Pescafresh opens 3 new outlets in the Capital
Every city is entitled to get its share of fresh seafood. Every Fishetarian should get his or hersource of opulence.With Delhi being a city of extravagance, why should it be spared from the lavishness of fresh seafood then?!! The capital city is no longer going to miss the taste of fresh seafood as Pescafresh, India’s leading fresh seafood brand, is now open through its Shop-in-Shop (SIS) format at Aditya Birla – More Hypermarkets...... Read More

Lemon Tree Hotels launch their third property in Hyderabad
The Lemon Tree Hotel Company announced the opening of its third property- Lemon Tree Hotel, Gachibowli in Hyderabad thereby becoming the largest owner of hotel rooms in the “New City”. With this addition, Lemon Tree Hotels’ group, currently the third largest Indian hotel chain by asset ownership in the country, spreads its wings in 26 locations across 15 cities in India. Just 45 minutes drive from Railway Station as well as both the Domestic and International Airports, Lemon Tree Hotel, Gachibowli...Read More

Hilton Worldwide enters India with new DoubleTree
Hilton Worldwide announced the opening of DoubleTree by Hilton Agra in one of the leading tourist destinations in India, renowned for its many Mughal-era buildings, most notably the Taj Mahal. With this launch, Hilton Worldwide has a presence across the Golden Triangle, the most popular tourist circuit in the country, with hotels in Delhi NCR, Jaipur and Agra. The hotel is owned by Archer Hospitality Private Limited and managed by Hilton Worldwide...Read More

The Westin Hyderabad Mindspace acclaimed for energy conservation
The Westin Hyderabad Mindspace announced that the hotel earned recognition at the National Energy Conservation Award, 2014. The hotel stood second in the category for conservation of energy in the Hospitality Sector. The Westin Hyderabad Mindspace has been selected amongst major industry players and has proven itself on an important pedestal as a pioneer in the field of energy conservation in this sector... Read More

Kamat Hotels appoints Himali H. Mehta, Gayatri N. Devadiga as Additional Directors
Kamat Hotels (India) Ltd has announced that the Board of Directors of the Company at its meeting held on December 20, 2014, has appointed Himali H. Mehta and Gayatri N. Devadiga as Additional Directors of the Company with effect from December 20, 2014 who shall hold the office as Non - Executive Independent Directors up to the date of next Annual General Meeting (AGM) and eligible for appointment as directors at AGM.
The Board has, at the said meeting, also re-constituted the Audit Committee, Nomination and Remuneration Committee and Corporate Social Responsibility Committee. Ms. Himali H. Mehta has been inducted as member of the Audit Committee and Nomination and Remuneration Committee. Ms. Gayatri N. Devadiga has been inducted as member of Nomination and Remuneration Committee and Corporate Social Responsibility Committee.
Thomas Cook India launches Silver Breaks to tap seniors travel market segment
Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company, has introduced its new product line, “Silver Breaks”, exclusively focusing on an untapped growth segment of over 58 years of age - senior citizens or “Silvers”.
While much has been made of the “young” Indian travel segment, Thomas Cook India has focused on the untapped opportunity of addressing the very special needs of senior citizens who require personalized holiday solutions, but are currently left with little option but to compromise in the absence of tailor made solutions... Read More 

Goldman Sachs brings in 255 Crores into Vatika Hotels
Goldman Sachs, New York based multinational investment banking fund, through its affiliate, have taken equity worth Rs. 255 Crores into Vatika Hotels, a company owned by the Vatika Group. This comes closely after it announced its JV’s worth Rs. 150 Crores with Singapore’s Sovereign Wealth Fund GIC to develop two residential projects on Dwarka Expressway. Vatika Hotels were the first to establish Starwood’s ‘Westin’ Brand in India and currently owns Westin Gurgaon & Westin Sohna with Jaipur & Pondicherry under active planning...Read More

International News
Las Vegas breaks tourism record with more than 40 million visitors
Las Vegas reached a historic milestone, exceeding 40 million visitors for the first time.  The tourism industry in Southern Nevada continues to expand, achieving ten consecutive months of visitor volume increases, with many of those months being the best on record. The “Entertainment Capital of the World” has surpassed its record for annual visitation, drawing more than 40 million people with two weeks remaining of the calendar year. Current pacing suggests the destination could approach nearly 41 million visitors by the end of the year.  The previous record was set in 2012 with more than 39,727,000 tourists... Read More

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