The Oberoi Group this week elevated heir apparent Vikramjit Oberoi to the post of chief executive as its current chief SS Mukherji is due to retire.
“This is the final extension for the hotel here and we had received orders from the ministry to begin the auction process,” Jalaj Shrivastava said.
Scowsill, however, told ET over the phone that India needs to liberalise its visa regime more, besides developing its tourism infrastructure.
"The issue on the Taj Mahal Hotel has been deferred till next week," NDMC spokesperson Jagjivan Bakshi said.
Param Kannampilly, chairman and managing director at Concept Hospitality, confirmed the deal with CG Group, but said it will be a strategic investment.
While entry of new airlines such as Vistara and AirAsia India have helped increase overall air seat capacity, airlines have also started using spot pricing to fill empty seats.
The American hotel chain continues to pursue its ambitious target of having 125 operating hotels plus another 75 in the pipeline in India by 2020, despite a slump in the hospitality industry.
“There is a belief between the owners and us that the hotel was earlier under-positioned,” said Brian Povinelli, senior vice president and global brand leader of Le Meridien and Westin Hotels & Resorts.
In a regulatory filing on Monday citing IFCI, ITC said its bid of Rs 515 crore was the highest for the 250-room beach hotel.
Travel portal Yatra makes 35% of its entire revenue from the hotel business. The percentage is as high as 60% in the case of some rival portals.
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