The new owner of Barista Coffee plans to open 550 outlets of the coffee chain in the next five years with sales target of $50 million.
Tourism and ancillary businesses are the first to be hit anytime women’s safety is under question.
The hotel has hosted several heads of states like Bill Clinton and George Bush in the Grand Presidential Suite spread across 3,000 sq feet.
Deven Shah said the sector is on the lowest priority from lenders perspective and bankers are in wait-and-watch mode to start lending again.
We expect 1.5 million visitors from India by 2021: Christopher L Thompson, President & CEO at Brand USA
Consumer sentiment and optimism has come in since the new government in India and that bolsters their desire to travel, says Thompson.
"It is not a foregone conclusion that every tourist will now want to come to India. I only see the tourist arrival numbers doubling in the next five to seven years," said Madhok.
As part of its ambitious plan, on Thursday it opened the 104-suite resort ITC Grand Bharat near Delhi where it spentRs 2-2.5 crore per room.
Budget hotel chain Lords will add four properties in cities such as Agra, Jammu, Maduda(Karnatka) & Savli(Baroda) in the next one year.
Average room occupancy rate in Sept quarter, traditionally lowest period of biz for hotels in the year - stood at 56.5%, up from 53.2% in the year-ago
Hotels at the hospitality district near the Delhi airport are now installing facial recognition software in line with the latest addition in the Delhi Police’s tight security norms.
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