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‘We are also keen to invest on leisure and wellness products‘ - Sandeep Kotak, Business Head – Commercial Real Estate, Kotak Mahindra Bank
After establishing a Commercial Real Estate Division five years ago, Kotak Mahindra Bank forayed into hotel projects and health care, last year. Sandeep Kotak, Business Head – Commercial Real Estate, Kotak Mahindra Bank speaks to Hospitality Biz on the technicalities of funding hospitality projects more>>

A Statistical Overview of Tourism in India
The tourism scenario in India has undergone a sea change since the dawn of the new millennium. Together with the ‘Incredible India’ campaign, India’s economic growth has driven travel - both to and from the country - like never before. Hospitality Biz presents a statistical overview of the various sectors of the Indian travel and tourism industry more>>
Managing Real Estate Costs in Hospitality - Gagan Singh, CEO – Projects & Development Services, Jones Lang LaSalle-India
The hiatus that the real estate sector in India faces is a result of a combination of macro and micro factors, including adverse sentiments, liquidity squeeze, initial spikes in lending rates, selective oversupply in some segments, slackness in demand, and downward recalibrations in economic performance. more>>
This Week's Top Headlines
Working Group on Tourism proposes strategies for hospitality sector
  The Working Group on Tourism constituted by the Planning Commission for the 12th Five Year Plan has proposed wide-ranging strategies, said a PIB release. more>>
Goa Tourism Department to review beach shack policy, license allotment
  With the current tourism season drawing to a close, the Goa Tourism Department has already begun looking to the future. The department is planning to review the shack policy more>>
MPTDC launches three tourist information guides
  Taking a stride to provide tourist information publications, the Madhya Pradesh Tourism Development Corporation (MPTDC) recently released three new guide books — more>>
Tourism Finance Corporation of India Q4 net profit jumps 17.89% to Rs 23.38 crore
  The Tourism Finance Corporation of India Ltd has posted a net profit of Rs 233.80 million for the quarter ended March 31, 2012 as compared to Rs 198.32 million for the quarter ended March 31, 2011, more>>
Arunachal Pradesh Tourism promotes Mechuka Valley as frontier destination
  Arunachal Pradesh Tourism is promoting the Mechuka Valley, about 29 km from MacMahon Line, which separates India from China, in West Siang district as the new tourist spot in the state. more>>
Winners of Tourism for Tomorrow Awards 2012 announced at WTTC Global Summit in Tokyo
  The winners of the Tourism for Tomorrow Awards 2012 were announced at the opening ceremony and welcome dinner of the second half of the World Travel and more>>
SIHRA seeks more sops for hotel industry and promoting tourism
  The Executive Committee of the South India Hotels and Restaurants Association (SIHRA), which met on Saturday, urged the southern states to give more incentives to the hotel industry and more>>
SAMHI in talks to buy hotel in Bengaluru
  Gurgaon-based hospitality start-up SAMHI Hotels Pvt. Ltd. is in advanced talks to buy a 150-room hotel in central Bengaluru for about Rs 80 crore, less than a week after purchasing a hotel in Ahmedabad more>>
Commando Hotels Pvt. Ltd. to open new property in Mumbai by 2015
  Mumbai-based Commando Hotels Pvt. Ltd. is set to open its third hotel 'Elite Enclave' in Mumbai by the first quarter of 2015. The 84-room property will mainly target the corporate travellers more>>
Accor's Pullman brand débuts in India in New Delhi
  Accor's Pullman brand today made its debut in India by launching Pullman Gurgaon Central Park in New Delhi. The 285-room property features 120 superior rooms, 90 deluxe rooms and more>>
Hotels witness shorter booking window this season
  This summer, bulk bookings for hotel rooms have come down. Booking windows – the interval between booking rooms and the actual date of travel have shortened in the leisure segment, hotels told. more>>
Accor announces PLANET 21, its sustainability developing programme
  Yesterday, Accor announced PLANET 21, a comprehensive sustainable development programme that forms a core part of its business strategy and involves all its hotels, more>>
Viceroy Hotels sells its Chennai hotel project to Mahal Hotels
  Hyderabad-based Viceroy Hotels Ltd has sold its Chennai hotel project in MRC Nagar to Chennai-based Mahal Hotels Private Limited. “We have finalised the deal with Mahal Hotels more>>
Cetis Inc to launch Mobile Key by Openways solution in India
  Chicago-based Cetis Inc, is currently in talks with the InterContinental Hotel Group (IHG), Hilton Worldwide, Choice Hotels and Ascot Hotels in India to launch their product Mobile Key by Openways, more>>
Subway to open 1,000 outlets in India in five years
  US-based quick-service restaurant chain Subway has stepped up efforts to increase its footprint across India as it plans to have around 1,000 outlets over the next five years. more>>
Fratelli Wines to launch sparkling wine in India by October 2012
  Maharashtra-based Fratelli Wines is set to launch its own sparkling wine across India by October this year. According to Abhishek Naik, Product Manager, Fratelli Wines, more>>
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