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 EDITORIAL
Return on Investment v/s Return on Ego!
The beginning of every new financial year brings in with it hope, renewed determination, new projections and revised targets. It is their grit for growth, which motivates professionals towards better performance. Organisations make strategies to explore new venture,
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 COVER STORY

Self-owned, Management Contract or Franchise Agreement?
Hotel owners often face the difficult choice of balancing the potential benefits of a brand with the expenses associated with obtaining and maintaining the mandated standards. The ultimate difference between the franchise and management agreements is the balance of control between the operator and the hotel owner. Hospitality Biz speaks to a few industry experts to understand which mode of hotel operations work better in the current scenario
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 INTERVIEW
HICSA 2013 to focus on Owners’ Challenges - Kaushik Vardharajan, Managing Director-South Asia, HVS Hospitality Services
Hotel Investment Conference - South Asia (HICSA) 2013 is happening at a time when the hospitality industry in India is going through trying times because of both, global and domestic factors. Therefore, the focus in this year’s discussions is towards hotel owners rather than brands. Kaushik Vardharajan, Managing Director-South Asia, HVS Hospitality Services, in an interaction with Hospitality Biz shares how the upcoming event is going to be different from the previous editions
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This Week's Top Headlines
MoT introduces e-module for hotel classification procedures
  As part of making Government-to-Business (G2B) service delivery in terms of hotel classification, more transparent and accountable, Ministry of Tourism (MoT) in partnership with National Informatics Centre ...read more>>
Owners take centre stage at HICSA 2013
  The ninth edition of Hotel Investment Conference - South Asia (HICSA) 2013 at the Grand Hyatt Mumbai, organised by HVS from April 3-4, 2013, witnessed more than 500 participants and over 100 plus speakers ...read more>>
Indian hospitality sector to attract over USD 200 bn in 3 years
  India’s hospitality sector is likely to see investment in excess of USD 200 billion over the next three years, with investors’ shifting their focus to Asia’s growing economies as growth slows ...read more>>
Hyatt Hotels Corporation debuts 'Hyatt' brand in India
  Hyatt Hotels Corporation, yesterday forayed its fifth brand into India with the official rebranding of five hotels to 'Hyatt' - Hyatt Bangalore MG Road, Hyatt Hyderabad Gachibowli, Hyatt Pune, Hyatt Amritsar, and ...read more>>
Apeejay Surrendra Park Hotels launches ‘Zone by The Park’
  Apeejay Surrendra Park Hotels Ltd, which owns and manages The Park Hotels in India, announced the launch of its design driven upscale brand ‘Zone by The Park’, as part of the brand’s expansion plans. ...read more>>
Mumbai ranks 3rd globally for cheap hotel room service cost: TripAdvisor
  Mumbai is the third cheapest city in the world for travellers in terms of cost of room services in hotels, revealed a survey by TripAdvisor. Cape Town, in South Africa, is the cheapest city, ...read more>>
Four Points by Sheraton debuts in Gujarat
  Starwood Hotels & Resorts Worldwide, Inc., earlier this week, marked the debut of its rapidly expanding Four Points by Sheraton brand in Gujarat. Owned by SAMHI Hotels (Ahmedabad) Private Limited, ...read more>>
DDA renews Taj Palace Hotel's lease for 25 years effective April 1, 2013
  The Delhi Development Authority (DDA) has renewed the lease of the Taj Palace Hotel for 25 years. Situated in South Delhi's Sardar Patel Marg near Chanakyapuri, the lease will come into effect from April 1, 2013. ...read more>>
Westin Hotels and Resorts to foray into Kerala
  Starwood Hotels & Resorts Worldwide, Inc., yesterday announced the signing of The Westin Bekal Resort & Spa. Owned by Green Gateway Leisure Limited, a dedicated company floated by the ATE Group, ...read more>>
HTI to expand aggressively in Tier II and III cities in India
  With a team of 30 people and trainers across seven cities in India, Mumbai-based Hospitality Training Institute (HTI) that specialises in training the staff and management of hotels, clubs, restaurants ...read more>>
Aloha Hospitality launches job portal for hospitality industry
  Mumbai-based Aloha Hospitality has launched a job portal www.AlohaHospitalityJobs.com, exclusively for the hospitality industry. ...read more>>
Mumbai gets its first double-decker mobile restaurant 'The Moving Cart'
  After a year of successful operations in Chennai, The Moving Cart, which provides on-the-go dining and entertainment experience, has introduced the moving restaurant in Marine Drive, Mumbai. ...read more>>
MoT approves financial assistance for 3 mega tourism projects for Madhya Pradesh
  Madhya Pradesh (MP) has received approval for Central Financial Assistance (CFA) for three mega tourism projects - Jabalpur, Bundelkhand and Ujjain - from the Ministry of Tourism (MoT), ...read more>>
MTDC, BMC working towards making Mumbai a world-class tourist destination
  The Maharashtra Tourism Development Corporation (MTDC) and the Brihanmumbai Municipal Corporation (BMC) are working on a plan to make Mumbai a world-class tourist destination. ...read more>>
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