Expansion

Marriott to Invest in Concept Hospitality, Targeting Rapid Expansion in India – Hospitality Biz India: Latest News & Analysis

In a strategic move set to reshape its growth trajectory in India, Marriott International has announced plans to acquire a significant stake in Concept Hospitality, a Mumbai-based hotel management company. This marks Marriott’s first direct investment in the Indian hospitality sector, signaling a bold approach to scaling operations in one of the world’s fastest-growing hotel...

Hospitality Chains Bet on Skilling and Reverse Migration to Fuel Expansion in Smaller Towns – Hospitality Biz India: Latest News & Analysis

With new hotel signings in remote locations, the hospitality sector is set to create thousands of jobs in India’s tier-2 and tier-3 cities this year. Leading hotel chains are investing in skilling and reverse migration initiatives, aiming to equip locals with hospitality skills while encouraging professionals to return to their hometowns. Indian Hotels Company (IHCL) recently signed an MoU...

KKday raises US million for global expansion

KKday raises US$70 million for global expansion

Innovative online travel platform KKday announced that it has raised about $70 million in funding, marking a significant milestone in the company’s global expansion strategy. This substantial investment supported by both new investors and existing shareholders, together with several credit lines from financial institutions, underscores the strong confidence in...

ROHL opens second property in Nepal—Regenta Resort and Spa, Chitwan, hoteldealers.in | www.hoteldealers.in

To list your Hotel for sale or Hotel for lease for free pleaseClick Here ---- Expanding aggressively in India and overseas, Royal Orchid Hotels Ltd. (ROHL) announced the launch of ‘Regenta Resort and Spa, Chitwan’ in Nepal. This will be ROHL’s second property in the Himalayan country following the...

The Machan embarks on expansion, announces plans for five new properties, hoteldealers.in | www.hoteldealers.in

To list your Hotel for sale or Hotel for lease for free pleaseClick Here ---- The Machan, as it marks three decades in hospitality, is strategically poised for expansion with plans to open five new hotels. These recent developments include prime locations in India such as Jaisalmer, Udaipur, and Jawai in...

Apeejay Surrendra Park Hotels Limited registers highest ever Q1 top-line performance, hoteldealers.in | www.hoteldealers.in

Apeejay Surrendra Park Hotels Limited (ASPHL) announced financial results for the quarter ending June 30, 2024. In Q1FY25, the company’s revenue stood at INR 138 crore, up by 6 percent and an increase of 4 percent YoY in EBIDTA to INR 42 crore. The company registered a strong occupancy at 94 percent, says...