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Indian outbound travellers paid less for room nights in 2017 than other markets: Hotels.com

After three years of flat prices, travellers’ payments for overnight accommodation rose 2% globally in 2017, according to the latest Hotel Price Index from booking website Hotels.com, but Indian travellers paid less for room nights in six of the top 10 outbound destinations like the US, UK, Malaysia, Germany, Indonesia and Italy. Hotels.com said this...
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Hospitality sector weathered GST, demonetisation storms well: Report

NEW DELHI: The hospitality sector in India survived the disruption caused by the introduction of a new tax regime and the impact of demonetization, as reflected in the better-than-expected number of hotel management, franchise and lease agreements signed in 2017, according to a new report by Jones Lang LaSalle shared exclusively with ET. “Coming on...
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We foresee sustainable interest from both Foreign & Domestic investors for the multifaceted hospitality real estate sector

Founded in 2009, Noesis Capital Advisors – a leading solutions provider for hotel real estate sector has extended its services and solutions to many hotels, resorts, MICE destinations, convention centres, etc. from distinct international and national brands. Nandivardhan Jain, Founder& CEO, Noesis Capital Advisors in conversation with Hospitality Biz gives a detailed overview on the various aspects and their...
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Lemon Tree takes long lease route to enter Banjara Hills

Lemon Tree Hotels, which will list on the stock exchanges today, has entered Hyderabad’s Banjara Hills’ hospitality market with an 85-room business hotel that will be officially launched in the coming weeks. The unique aspect of this new-built hotel, which was soft-launched last month, is that it will feature a revolving restaurant. Once operational, this...
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Wyndham’s India partner picks majority stake in Kolkata hotel

According to a DNA report, Unique Mercantile India, an exclusive development partner for global hospitality major Wyndham Hotel Group in India, has acquired a majority stake in a soon-to-be-operational hotel owned by Platinum World Hospitality in West Bengal. Industry sources told that the Ahmedabad-based company has concluded the deal and will be launching the 90-room...
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Mozambique’s Masa group to buy Mumbai hotel project from Aristo Realty Developers

New Delhi/Mumbai: Masa Hotels Pvt. Ltd, a unit of Mozambique based Masa group, has agreed to buy a 300-room hotel project located next to Mumbai’s Chhatrapati Shivaji International Airport from Aristo Realty Developers Ltd. “We will invest $50 million on the asset purchase and project completion,” Sabir Rassul, director, Masa Hotels India, said in a phone...
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InterContinental launches conversion-friendly hotel brand voco

British multinational hotels company InterContinental Hotels Group (IHG) has unveiled its new upscale hotel brand ‘voco’ to tap the conversion opportunities available in the global hospitality market. DNA Money had first reported this development on April 16 this year wherein senior company executives had said that a conversion-friendly hotel brand was in the works. The...
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We foresee sustainable interest from both Foreign & Domestic investors for the multifaceted hospitality real estate sector

Founded in 2009, Noesis Capital Advisors – a leading solutions provider for hotel real estate sector has extended its services and solutions to many hotels, resorts, MICE destinations, convention centres, etc. from distinct international and national brands. Nandivardhan Jain,Founder& CEO, Noesis Capital Advisors in conversation with Hospitality Biz gives a detailed overview on the various aspects and...
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