HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > NewsTrack
NEWSTRACK

ITC to expand Welcomhotel brand to 25 hotels even amid pandemic

Monday, June 14, 2021, 10:26 Hrs  [IST]

According to Business Standard, amid COVID-19 pandemic and slump in the hospitality industry owing to lockdown and travel restrictions, ITC Hotels is optimistic about domestic tourism prospects and planning to increase the number of properties under the brand Welcomhotel. The INR 45,000 crore hospitality arm of ITC, said it was planning to increase the number of properties under the brand Welcomhotel to 25 in a year's time from 19 now. "ITC Welcomhotel will be a 25 property brand over next 12 months," an ITC official told PTI. The brand opened two properties in a span of six months. Welcomhotel Tavleen Chail was unveiled on Thursday and Welcomhotel Shimla about six months ago. And Welcomhotel Ahmedabad and Welcomhotel Port Blair were relaunched in March quarter. "Collaborating with like-minded partners who bring unique hospitality experiences has further strengthened ITC Hotels footprint across the length and breadth of the country," ITC executive director Nakul Anand said. The pandemic induced lockdowns had blown hard on the hospitality sector and not all were able to sail through. Hyatt Hotels Corporation has suspended operations at Hyatt Regency hotel in Mumbai, and said the property will remain closed till further notice. "With no funds forthcoming from Asian Hotels (West) Ltd, the owner of Hyatt Regency Mumbai, to sustain the operations of the hotel, a decision has been taken to temporarily suspend all operations for Hyatt Regency Mumbai," the hotel had said. With the addition of the premier mountain resort at Chail, a managed property of Welcomhotel brand, the brand currently boasts a portfolio of around 19 properties across India, officials said. ITC said its hotel business segment EBITDA was in March quarter at INR 25 crore against breakeven in previous quarter and extreme focus on cost reduction and controllable cash fixed costs down 41 per cent in FY21. Analysts speaking about the future said hotel majors are gearing for the rush with vaccination going on steadily and economy opening up gradually, demand will spurt after the long lull. The railway reservations have already jumped 230 per cent. Airlines also expect a similar spurt in demand. "Vocal for locals is gaining more ground as people prefer to travel motorable distances post pandemic. Hence, domestic tourism is on the rise. At ITC Hotels we have always showcased destination India and this is the appropriate opportunity to cater to the public demand for experiential stays," an ITC official said. ITC Hotels has 100 properties across four brands in over 70 locations.

 
Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with del.icio.usdel.icio.us Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
 POST A COMMENT
* Name :    
* Email :    
* Message :  
   
RELATED NEWS
»  Lords Hotels & Resorts opens Pushpam Lords Resort Karjat
»  Avani Hotels Reimagine Krabi with the Launching in Koh Lanta
»  Pride Group of Hotels launches Pride Biznotel Manjusar, GIDC, Vadodara
»  Sarovar Hotels Pvt. Ltd. widens Delhi footprint, opens Venizia Sarovar Portico in Model Town
»  HRAWI requests Maha Govt. to allow hotels and restaurants to operate till 11 pm.
»  Fairmont Jaipur introduces a brand-new barbeque restaurant ‘Zia’
»  Choice Hotels India announces the launch of Comfort Inn Coral River Pathankot
»  NRAI writes to Landlords & Mall Owners seeking their support in wake of the disruption caused by the Omicron-led third wave of pandemic.
»  Sayaji Hotels Limited celebrates its 32nd anniversary
»  Pride Group of Hotels bags official food caterers order for 'Vibrant Gujarat Global Summit 2022'
»  Sarovar Hotels appoints Manoj Soni as new Chief Technology Officer
»  The Leela Palaces, Hotels and Resorts redesigns its membership programme, Leela Discovery
»  Sayaji Hotels appointed official outdoor food caterer for Rann Utsav 2021-22
»  Ramada Encore by Wyndham brand signs a new hotel in Ambala, G.T Road
»  ‘We want to be the largest platform to support all types of hotels and accommodations by 2027’: Sibasish Mishra, Founder and CEO, BookingJini
»  Hopshaus Launches a Brand New Winter Menu
»  ITC Grand Chola accorded with USGBC LEED Zero Carbon status
»  InterContinental Hotels & Resorts announces limited-time offers for its diamond anniversary
»  Rajasthan Born Michelin Plate Winner Chef DAYSHANKAR SHARMA Launches ‘Jhakaas’ Delivery Brand in London
»  Sarovar Hotels enters Assam with Pushkara Sarovar Portico, Dibrugarh
 
CoverStory
Analysis
 
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar




Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES