Almost a month after re-opening, occupancies across hotels remain at a fourth of the original capacity, with this too, largely coming from the Covid-19 induced quarantine business. Hotel associations and industry executives say that in the absence of government support in the form of an extension of the moratorium that ends in August, at least a third...

With the Delhi government continuing with curbs on regular operations, and occupancies continuing to stay muted in other states due to rising Covid cases, retailers housing stores in India’s leading hotels are struggling and have been negotiating rentals with the hospitality chains. Many stores in hotels are likely to wind up operations for good, industry...

With no immediate recovery in sight, hotel and resort owners are dialing real estate consultants to find buyers for their properties. According to industry watchers, these properties valued anywhere between Rs 50 crore and Rs 500 crore also include some well known domestic and international hospitality brands have go up for sale in the past...

Besides causing immense damage to people and property, the Easter bombings in Sri Lanka have severely impacted hospitality brands such as Shangri-La, Kingsbury and Cinnamon Grand that operate in Colombo. Hotels in Lanka are now witnessing a 40-50% drop in bookings and occupancy levels of below 40%. Similarly, in December 2017, the volcanic eruption of...

Leveraging their aspirational quotient and brand equity, premium lifestyle and real estate brands are increasingly finding synergies with one another. With high-net-worth individuals (HNIs) desiring to not only “wear” or “drive” luxury, but also to “live” it on a regular basis, global names like Armani, Four Seasons, Aston Martin, Bulgari, Versace, Porsche and Mandarin Oriental...