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Vendors’ Vision: Waiting to Grab the Opportunities
The general slowdown in the market had its impact on the Hospitality vendors through 2014. Delay in new project developments, stagnation in the ongoing projects, below par spending on renovations and restoration works, inordinate delays in payments on supplies, the market uncertainties ruled the roost for vendors. While going into 2015, the hospitality vendor market is quite optimistic that the positive sentiments in the market will fetch them another cycle of opportunities. Hospitality Biz tries to understand the market pulse. more>>
Blurring the Lines between Hotels and Serviced Apartments - Nirupa Shankar is a Director at Brigade Hospitality Services Ltd.
The serviced apartment business model can be a very lucrative one,if well executed. In mature markets serviced apartments provide high return on investment (RoI) with good yields in terms of rate per square foot. In India, the ROI for serviced apartments can range from 15% - 20% per annum if space utilisation is efficient. Compare this with the typical RoI of 3%-5% for residential apartments given out for rent or the average RoI of 8%-10% for hotels. more>>

Goa Buoyant on domestic MICE business
As per the 'Hotels in India Trends & Opportunities 2014' report by HVS, while demand and supply dynamics are anticipated to pan out positively for in Goa, a major hurdle continues to be the lack of quality infrastructure. Though the government has development measures, the awful condition of roads, overpriced transport facilities, etc. continue to act as deterrents in the growth of hotels in Goa. Hospitality Biz highlights the current hospitality industry scenario in Goa more>>
This Week's Top Headlines
The Ministry of Tourism (MoT), Government of India is planning to formulate a new tourism policy in the next six months. It will be a comprehensive action plan and road map for Indian tourism for coming times, said Dr Lalit K Panwar, Secretary - Tourism, Government of India, while the HIFI Conference got underway in New Delhi today. more>>
As part of spreading the message of a relaxed visa regime in countries to which Tourist Visa on Arrival (TVoA) enabled by Electronic Travel Authorization (ETA) has been extended by India, the Ministry of Tourism (MoT), Government of India will initiate more activities to improve engagement with stakeholders in those markets. more>>
Madhya Pradesh State Tourism Development Corporation Ltd. (MPSTDC) has appointed Ashwani Lohani as Commissioner & Managing Director. Lohani assumed office today, replacing Raghwendra Kumar Singh. Speaking to TravelBiz Monitor, Lohani said that his priorities would be to leave no stone unturned to take MPSTDC to newer heights. more>>
Pune-based real estate company, Panchshil Realty will develop two high-end luxury hotels in Maldives and Sri Lanka. The company has already tied up with Marriott International, Inc. for their luxury brand, Bvlgari, for the 82-room high-end resort property in Maldives. more>>
Bangladesh Resorts & Hotels, which is developing the country’s largest hotel - Royal Tulip Sea Pearl Beach Resort & Spa, at Cox’s Bazar, Bangladesh - will next start the construction of their third hotel project at Bandarban Hill District in the country. more>>
The Oberoi, Mumbai has been voted the Best Hotel in the World by Institutional Investor, USA, a leading international business to business publisher. The 2014 World’s Best Hotels ranking by the magazine is the result of a poll conducted by the magazine. more>>
STR Global, the leading provider of hotel data, and Ecole hôtelière de Lausanne (EHL), the world’s leading hotel education institute, have decided to join hands to set up a research platform - Lausanne Hospitality Research Center - to offer innovative and relevant applied research for the industry. more>>
Expanding its portfolio further in out-of-town locations, Aamod Resorts has launched two properties—Dunn Perk Manor at Barog in Himachal Pradesh and Amantra Shilpi by Aamod in Udaipur, Rajasthan, stated a release. more>>
Coming close on the heels of opening Mirage Lords Inn in Kathmandu, Lords Hotels & Resorts has expanded further into Nepal by signing another Resort in Sanga, Bhaktapur Nepal. more>>
Andhra Pradesh Tourism Department is likely to open its budget hotel for commercial operations very soon as the works of the prestigious project are nearing completion. The Department planned to open it before January 26 on the occasion of Ratha Saptami when thousands of devotees will visit Srikakulam to have darsan of Lord Sri Suryanarayana more>>
TA Associates, a global growth private equity firm, has completed a minority investment in RateGain - a provider of SaaS-based hospitality and travel technology solutions. Financial terms of the transaction are yet to be disclosed, according to a release. Goodwin Procter and Nishith Desai provided legal counsel services to TA Associates. more>>, an online marketplace for ‘stays’ has launched their B2B mobile application (app) ‘Sell Rooms’ supported on Android platform, for ‘stay’ partners listed on the portal. Developed by the in-house technology team of Stayzilla, the app is available for free on the Google play store, empowering owners across hotels, homestays, lodges, guesthouses, more>>
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