As accommodation rates continue to rise across India, travelers and experts alike are questioning the affordability of domestic holidays. Ace investor Basant Maheshwari has stirred a nationwide debate, calling Indian hotel rates a “scam” and comparing the cost of domestic vacations to international ones. “If you can ignore the airfare, a holiday in India costs almost as much as one in a...
According to a report by ET, India’s hospitality sector is booming, driven by surging domestic travel and rising affluence. Major hotel chains are making bold investments to expand their portfolios. Dangayach Group is planning to add over 2,000 rooms, while Ambuja Neotia Group is heavily investing in West Bengal. With robust demand in tourism, weddings, and MICE (Meetings, Incentives,...
The hospitality industry in Chennai is under intense scrutiny following a large-scale crackdown on bars, pubs, and star hotels, driven by intelligence reports of cocaine distribution to patrons. This enforcement action, spearheaded by the Greater Chennai Police, has led to arrests and heightened monitoring of establishments, raising significant concerns for the sector. A special Anti-Narcotics...
New York City has terminated its USD 220 million lease agreement with the PIA-owned Roosevelt Hotel, ending its role as a temporary shelter for asylum seekers. The decision comes after mounting criticism from U.S. President Donald Trump’s supporters, who opposed the use of taxpayer money to house migrants in a high-profile Manhattan property. The Roosevelt Hotel, a historic landmark that...
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