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 COVER STORY

Maharashtra Restaurateurs find new F&B laws hard to swallow
The Service Tax (ST) proposal made during the Union Budget 2011-2012, followed by Maharashtra government’s decision on the same, may have been announced with some end benefit in mind, but the implications of the rising ST rates on restaurant businesses in Maharashtra is hard to ignore.
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 ANALYSIS

STR Global posts Asia/Pacific hotel development pipeline report for June 2011
According to June 2011 STR Global Construction Pipeline Report, the Asia/Pacific hotel development pipeline comprises 1,240 hotels totalling 307,346 rooms. Among the Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms in the total active pipeline with 26.6 per cent and 81,611 rooms.
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 PROJECT WATCH

Ongoing Hospitality Projects: July 2011
The information in this section is the sole property of ProjectsToday.com, a Div of Economic Research India Pvt Ltd (ERIL) and cannot be published without the expressed permission of ERIL
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This Week's Top Headlines
Meghalaya’s new tourism policy lays emphasis on Green and Sustainable Tourism
  Meghalaya is fast evolving as a tourism hub in the North East region. The state government recently announced a new tourism policy to elevate Meghalaya as a hub for Tourism in the North East. ...read more>>
Govt of Himachal Pradesh inks USD 95.16 million tourism project deal with ADB
  Government of Himachal Pradesh has recently signed a USD 95.16 million loan agreement with Asian Development Bank (ADB) for improving tourism infrastructure in the state under Infrastructure Development Investment Programme for Tourism. ...read more>>
Bengaluru and Chennai to host latest edition of India International Travel Mart
  Sphere TravelMedia & Exhibitions will organise its latest edition of India International Travel Mart (IITM) in Bengaluru and Chennai. ...read more>>
ASSOCHAM unveils tourism infrastructure strategy for Uttarakhand
  ASSOCHAM has urged the Government of Uttarakhand to accelerate upgradation of infrastructure so that the state can emerge as a major tourism and investment ....read more>>
Goa Marriott Resort re-launched as Goa Marriott Resort & Spa
  Marriott International Inc, has re-launched the 180-room Goa Marriott Resort as Goa Marriott Resort & Spa. It houses the Quan Spa that offers a range of spa and wellness treatments. ...read more>>
Sterling Holiday Resorts India Ltd announces fund raising plans
  Sterling Holiday Resorts India Limited plans to raise further capital to fund its ongoing projects and expansion plans. The company has called for an Extraordinary General Meeting on August 13, 2011. ...read more>>
Royal Orchid Hotels Limited announces Q1 results
  Royal Orchid Hotels Limited has declared its Quarter One (Q1) results. It earned a total consolidated revenue of Rs 35.95 crore for the quarter ended June 30 2011, as against Rs 32.49 crore in the corresponding period last year, showing an increase of 11 per cent. ...read more>>
Leisure Hotels opens Ganga Lahari spa-resort in Uttarakhand
  Leisure Hotels Ltd, one of the largest hospitality chains operating in Uttarakhand has opened Ganga Lahari, its new spa-resort in Haridwar. The resort is located on the banks of river Ganges and consists of 15 deluxe rooms and suites. ...read more>>
IHCL sells entire stake in Innovative Foods for undisclosed sum
  Indian Hotels Company (IHCL), which operates one of the largest hotel chains in India, has sold its entire stake in Innovative Foods Ltd, a processed foods making company for an undisclosed sum. ...read more>>
Sriram Ayulur, Michelin-Star Chef, IHCL wins UK's beer award
  Sriram Ayulur, Michelin-Star Chef, the Indian Hotels Company (IHCL) , has been named UK’s ‘Beer Drinker of the Year’ by the All-Party Parliamentary Beer Group of the House of Commons, Government of UK. ...read more>>
Kerala hoteliers reckon proposed liquor policy may hamper tourism
  Kerala hoteliers reckon that the proposed liquor policy may hamper tourism in the state. Leaders of the hospitality industry in Kerala have urged the United Democratic Front-led government to consider their views ...read more>>
IIM Shillong, NEC launch Certificate Course in Tourism And Hospitality Management
  Indian Institute of Management (IIM) Shillong, in association with North Eastern Council (NEC), has launched a six-month Certificate Course in Tourism and Hospitality Management. ...read more>>
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