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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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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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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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