Hospitality News

Luxury Hotels Group to have 40 member hotels in India by FY'15

Luxury Hotels Group, as per strategy, is targeting independent hotels and small hospitality chains.

City has improved in health,social sectors: NASSCOM

According to the report,the city has emerged as a prominent Tier-II city.


Hospitality sector FDI spurts to $2.23 billion in April

Reflecting increased interest of foreign players in the country's hospitality industry,the hotel and tourism sector witnessed a sudden spurt in FDI in April,attracting USD 2.32 billion.

ITC hikes stake in EIH,buys 57L shares

ITC raised its holding in EIH by acquiring an additional one per cent stake for Rs 42 crore.

After aviation,tribal students to get training in hospitality

The state government has decided to train 500 tribal students for careers such as air hostess,cabin crew,hotel management and customer care.

Hospitality,auto ancillary to be negatively impacted: ICRA

Apart from taking the service tax to 12%,the govt has also hiked central excise duty on manufactured goods from 10 per cent to 12 per cent.


Oberoi Realty stays a buy

In Q1FY12,Oberoi Realty’s key revenue-contributing projects witnessed lower sales volume due to strategic reasons and low inventory: Exquisite-incremental sales of 0.01msf,Splendor-incremental sales of only 3 units and Grande-incremental sales of 0.03msf.

EIH to float Rs 1,160 crore rights issue

The issue price will be Rs 65 per equity share,including a premium of Rs 63 per share,the company said.

Learn to earn early

Students can opt for exclusive vocational stream at Class-XI and XII like Arts.


The Vatika Group’s housing projects get delayed as it shifts focus to more lucrative hospitality sector,with an eye on the Commonwealth Games