The Global Hospitality Industry s to see a lot of new brands in the market, since the luxury chains like Hyatt, Langham , Loews Hotels are launching new brands focussing youths, concentrating on value design, technology and culinary experiences. Hyatt Hotels & Resorts just announced “Hyatt Centric” which is designed to appeal to both business and leisure travellers. They have …
Hotel News: Marriott acquires Canadian chain Delta Hotels & Resorts for $ 135 Million
In a recent acquisition development, Marriott International Inc has acquired Canadian management company Delta Group. Delta has grown from its humble beginnings in 1962 as a company with a 62-room motel in Richmond, B.C. It quickly expanded across the country before being sold to British Columbia Investment Management Corporation in 2007 and today manages 38 properties across the country. The …
Hotel News: Mc Donald’s CEO steps down as sales drops
Sixty Six years old QSR giant, McDonald’s CEO Don Thompson is stepping down as the world’s biggest hamburger chain fights to hold onto customers and transform its image. McDonald’s Corp., which has more than 36,000 locations around the world, is struggling amid intensifying competition and changing attitudes about food. Customer traffic at established locations in the U.S. fell 4.1 percent …
Hotel News: Luxury brand ITC Hotels to Invest 9000 crore to have a portfolio of 150 Properties
Launched in 1975, India’s top most luxury hotel chain ITC Hotels is on the way to have a portfolio of 150 hotels within four years of time down the line. The group’s brands are explored into: WelcomHotels which offer five-star hospitality for the discerning business and leisure traveller, Fortune Hotels operates mid-market to upscale properties and WelcomHeritage brings together a …
Hotel News: Wyndham Worldwide to launch Mid scale brand Wyndham Garden in India
World’s largest and most diverse hotel company Wyndham Worldwide with approximately 7,500 hotels across the globe is set to expand their mid scale Wyndham Garden in India. The group who can see huge opportunities in India over the next two years is eyeing for partners and good locations in India focussing mainly business districts, airports and suburbs, quotes Deepika Arora, …
Hotel News: Brigade Group is investing to develop two four star hotels in Kochi & Gandhidham for 240 Crore
The owner company of Sheraton Bangalore Brigade Gateway and Grand Mercure in Bengaluru is looking for a way out to enter the South & West Indian booming business marker Kochi and Gandhinagar and the amount to be invested is budgeted is Rs 240 Crore. Well known for their perfection, Brigade group who is more into real estate business in Bengaluru …
Real Estate King Emaar Group is eyeing to enter into the Indian Hospitality Industry
Established in 1997, Emaar Properties is a Public Joint Stock Company has already seen a successful journey in the real estate business in India with the joint venture of MGF group. Emaar is well known for their world-class project development competencies which are underlined by its iconic assets in Dubai and other international markets. Downtown Dubai is Emaar’s flagship development. Today, …
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