Hospitality

  • tbo tek ipo receives 86 70 times subscription

    TBO Tek IPO receives 86.70 times subscription

    The portion for qualified institutional buyers (QIBs) got subscribed a whopping 125.51 times, while the category for non-institutional investors received 50.60 times subscriptions. The retail individual investors (RIIs) part got subscribed 25.74 times. The initial public offer (IPO) had a fresh issue of up to INR 400 crore and an offer for sale of up to 1,25,08,797 equity shares. The price range for the offer is INR 875-920 per share.

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More in Hospitality

  • Minor sets sight on rapid expansion in India, to add 50 hotels within next decade

    With a strategic focus on the upper-upscale and luxury hotel segments, Minor Hotels aims to leverage the popularity of its distinguished brands such as Anantara, Avani, and NH Collection in India. The group sees immense potential in diverse offerings, including Ayurvedic wellness retreats, wilderness lodges, historical palaces, lifestyle hotels, and upscale accommodations.

    minor sets sight on rapid expansion in india to add 50 hotels within next decade
  • Marriott opens its 150th hotel in India with launch of Katra Marriott Resort & Spa

    Katra Marriott Resort & Spa also offers a delightful culinary journey with its vegetarian dining options at TPK (Three Peaks Kitchen) and sophisticated bakery delights at KBC (Katra Baking Company). Additionally, Katra Marriott Resort & Spa provides extensive event spaces, including two stunning venues and three lawns, making it an ideal destination for weddings, gatherings, and corporate events.

    marriott opens its 150th hotel in india with launch of katra marriott resort spa
  • India among fastest-growing markets with potential to be among top 10: Airbnb CBO

    "It (India) is one of our growth markets and we see a huge opportunity for growth in India in the future. In India, nights booked grew by almost 30 per cent YoY (Year-on-Year) in 2023 compared to 2022, which is a positive sign," Stephenson told PTI.For Airbnb, India is going to be "a large travel market", where it has seen a "strong desire" among the "Indian travellers to venture overseas as well as explore domestic destinations, especially those off the beaten path", he said.

    india among fastest growing markets with potential to be among top 10 airbnb cbo
  • Marriott lifts profit forecast on international travel demand

    International travel demand is expected to remain strong this year as global air connectivity increases and travelers flock to Asian and Middle Eastern destinations. "Our results in the first quarter highlight the resiliency of our asset-light business model and the strength of our brands," said CEO Anthony Capuano.

    marriott lifts profit forecast on international travel demand
  • Fortune Hotels goes international with new property in Bhaktapur, Nepal

    Samir MC, Managing Director, Fortune Hotels, expressed immense pleasure, stating, "We are thrilled to announce our international debut in Nepal with the launch of Fortune Resort & Wellness Spa Bhaktapur. This marks a significant milestone in our strategic expansion strategy, especially as we aim to establish a robust presence in South Asia and neighboring markets."

    fortune hotels goes international with new property in bhaktapur nepal
  • Marriott makes strides towards net-zero emission with SBTi

    The company has set ambitious targets to reduce absolute scope 1 and 2 GHG emissions by 46.2 per cent by 2030 from a 2019 base year. Additionally, Marriott has committed to reducing absolute scope 3 GHG emissions from various activities by 27.5 per cent by 2030 from a 2019 base year, with the goal of having 22 per cent of its suppliers adopt science-based targets by 2028.

    marriott makes strides towards net zero emission with sbti
  • IHG Hotels & Resorts set to double its presence in India over next 5 years

    The surge in signings, especially in the midscale and upper midscale segments, reflects IHG Group's commitment to catering to a diverse range of guests. By focusing on primary and secondary markets like Amritsar, Lucknow, Zirakpur, Kasauli, and Katra, IHG aims to capture the growing demand for branded accommodations across India.

    ihg hotels resorts set to double its presence in india over next 5 years
  • Club Med bets big on ski & mountain resort business, gains impressive growth from India & other markets

    Club Med has achieved a record first-half 2024 bookings performance at +14 per cent as of March 2024 compared to the same period in 2023, which already showed record levels. In a recent conversation with ETTravelWorld, Rachael Harding, CEO of Club Med's ESAP Markets, shared valuable insights into the company's business strategies, expansion plans, and the significance of the Indian market.

    club med bets big on ski mountain resort business gains impressive growth from india other markets
  • ITC expands Welcomhotel brand in Himachal Pradesh with new mountain resort

    The Welcomhotel Hamsa in Manali boasts 46 elegantly appointed rooms and suites, including seven spacious all-weather villas, offering guests a serene and immersive experience in the lap of nature. With this addition, Welcomhotel by ITC Hotels expands its foothold in Himachal Pradesh, now boasting three exquisite properties in the region.

    itc expands welcomhotel brand in himachal pradesh with new mountain resort
  • Sri Lanka-based KK Collections appoints Outbound Marketing as India Sales & Marketing Representative

    KK Collection comprises three exquisite boutique hotels located in the southwest corner of Sri Lanka, near the UNESCO-listed Galle Fort and Bentota. Each property within KK Collection – Kahanda Kanda, The Villa Bentota, and KK Beach. Kahanda Kanda, nestled in Galle's serene landscape, offers 12 individually designed villas, with eight featuring private pools, providing guests with an exclusive sanctuary amidst breathtaking natural beauty.

    sri lanka based kk collections appoints outbound marketing as india sales marketing representative
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