NEWS | IHCL Initiatives To Bring In 1150 Crore over next 2 - 3 years
/ Editor Hospemag
According to recently held Analyst’s meet:
Taj’s exclusive business club, The Chambers, has been relaunched with new features. The firm plans to increase its member count from 2,200 to 4,000. Seven Chambers are operational now and two more are in the pipeline. The company expects it to become a ₹150-crore business.
The firm said the group’s food delivery business Qmin has the potential to reach ₹500 crore in revenue.
The group’s branded homestays, Ama Stays and Trails, has a revenue potential of ₹500 crore.
New initiatives (Qmin, Ama, The Chambers) are expected to contribute ₹450-500 crore or 10% of revenue over the next two-three years from 5% currently.
Black Rock Hotels & Resorts has opened a 10-room retreat in Village Sherpur, built around terrace wildlife viewing, a working farm and local craft.
Summit Hotels & Resorts opens the 18-room Summit Heritage Kashinaama in Varanasi on 1 November, with Satvik dining, darshan planning and a gallery of films shot in Banaras.
Singapore Airlines’ low-cost arm Scoot suggests Chiang Mai, Koh Samui, Langkawi, Yogyakarta and Da Nang for a four-day Diwali break.
Second-generation restaurateur Akshay Shetty has launched Palate Specialty Caterers, a premium catering venture under Passion Projects Hospitality that builds on Gurukripa’s legacy dating back to 1977.
Agoda’s AI Assistant, powered by OpenAI models and tied to live inventory of more than 6 million accommodations, is now live for users across 21 markets in the Agoda app.
Adani Airport Holdings and IHCL have signed an agreement for eight Taj, Vivanta, Gateway and Ginger hotels with more than 2,000 rooms at airport cities in Mumbai, Ahmedabad, Lucknow and Guwahati.
Operated by J M Baxi for the Mumbai Port Authority, The Ballard Pier pairs the Mumbai International Cruise Terminal with two sea-facing levels of restaurants, bars and shops at Ballard Estate.
ITC Hotels has signed a management agreement for the 105-key Fortune Select Greater Noida at India Expo Plaza, Knowledge Park II, slated to open early next year.
EkoStay’s new Eko Estates vertical offers six freehold villas at Kawnai, Igatpuri, priced from ₹2.75 crore to ₹4.80 crore, with a contracted rental yield of up to 10 per cent a year for 48 months.
Hyatt’s third-quarter gross fees rose 15.2% to $327 million and system-wide RevPAR grew 7.2%, prompting the group to raise its full-year outlook.
