ibis Styles debuts in the Philippines

ibis Styles, a creative hospitality brand from leading hotel operator Accor, marks a major milestone in the Philippines with the launch of its first ibis Styles hotel in the country. ibis Styles Manila Araneta City unleashes a distinctive hotel experience to one of Quezon City’s hippest neighborhoods.

Individually themed, each ibis Styles hotel is a unique, intensely designed venue with bold themes brought to life, inspiring guests and local communities alike. ibis Styles Manila Araneta City captures the excitement of the iconic Araneta Coliseum, one of the largest indoor arenas in Asia, located next to the hotel. Upon entering the hotel, guests are greeted with bursts of energy as they encounter dynamic artworks that interpret the vibrant history of the coliseum. The bold designs and lively music in the lobby evoke an electrifying atmosphere of live concerts and sporting events.

ibis Styles Manila Araneta City is located in Araneta City, a commercial hub that bustles with malls, restaurants, and cultural spots. When evening falls, the area comes alive with a variety of activities to discover. The MRT and LRT 2 metro stations are conveniently located just a stone's throw away from the hotel.

Mr. Garth Simmons, Chief Operating Officer of Accor in Asia, commented: “ibis Styles Manila Araneta City is a game changer for the Philippines’ hospitality industry and we are ecstatic to debut this design-forward economy brand in the country. With a belief in freedom of expression and the power of creativity, ibis Styles celebrates those who live boldly, encouraging exploration and discovery. The brand revolutionizes the way people think about economy accommodation. The Philippines is a core market for Accor’s expansion strategy, and we are delighted to introduce our first ibis Styles hotel to the destination.”

The hotel offers 286 artfully decorated and comfortable rooms across three different room configurations. Bold hues and distinctive local elements ignite creativity, offering a space with personality. Each room features Sweet Bed™ by ibis, a rain shower, and a 42-inch Smart IPTV.

Eight Continents Hotels & Resorts Introduces MAATI: A Tranquil Retreat in Nainital

Eight Continents Hotels & Resorts proudly announces the grand debut of its latest property, MAATI - Signature Collection by Eight Continents, nestled in the picturesque Himalayan lake town of Nainital. Positioned amidst the breathtaking beauty of the & Lake District, this resort promises an idyllic retreat for travelers seeking a blend of modern comfort and natural charm. With its array of amenities and impeccable service, MAATI aims to redefine luxury hospitality in this enchanting destination.

Nainital, renowned as the ‘Lake District’ and one of India’s most esteemed hill stations, exudes a postcard-perfect allure. Perched in the Kumaon Himalayas at approximately 2,000m above sea level, it captivates visitors with its majestic mountains and the shimmering waters of Naini Lake. Here, amidst the tranquil surroundings, MAATI stands as a testament to opulent serenity, offering guests an unforgettable escape into tranquility.

We are delighted to introduce this exceptional property to our esteemed guests, said, Richa Adhia, Managing Director at Eight Continents Hotels & Resorts. With MAATI - Signature Collection by Eight Continents, we aim to redefine luxury hospitality in the Himalayas, offering unparalleled experiences that resonate with the essence of each destination.

She further added, “MAATI - Signature Collection by Eight Continents stands as a testament to the brand’s commitment to excellence, offering guests an oasis of luxury amidst the serene beauty of Nainital. From the moment of arrival, guests are enveloped in a world of tranquility, where every need is anticipated and every desire fulfilled.

MasterChef Australia’s Andy Allen and Award-Winning Chef Hussain Shahzad Collaborate on an Australia-inspired Menu at O Pedro

A unique showcase of Australian flavours and ingredients feature on the limited-edition menu 

Mumbai, May 2024: This May, get set for a delicious dining-experience as Mumbai’s food scene gets hotter with a taste of Australia., MasterChef Australia’s Chef Andy Allen teams up with Hunger Inc. Hospitality’s Executive Chef Hussain Shahzad to cook-up a limited-edition Australia inspired menu at O Pedro to influence holidays Down Under amongst the restaurants discerning diners and travel enthusiasts. Throughout May, indulge in a selection of dishes that brings the best of Australian ingredients and flavours to your plate, from native ingredients like Davidson plum, Macadamia nuts, paperbark, finger lime, seafood, and Australian wines, all against the lively backdrop of O Pedro’s Goan charm. This partnership celebrates Australia’s spectacular coast and thriving food and drink scene, perfectly blended with Goa's energy, creating an atmosphere that feels like Australia meets Goa, right here in Mumbai. Enjoy the limited-edition menu created for sharing, featuring a selection of delightful small and big plates including Chicken Sausages, Buffalo Tataki, Macadamia Tabbouleh, BBQ Prawns, Wood-Roasted Spatchcock, and more, all served family-style. For the sweet finale, enjoy the irresistible Burnt Honey and Paperbark Crème Brûlée. and elevate your culinary adventure with a selection of Australian wines!

The limited-edition menu celebrates Australia’s world class food and drink landscape renowned for its fresh produce and innovative flavours championed by distinctive native ingredients at Mumbai’s beloved happy place - O Pedro. For the first time in Mumbai, Chef Andy Allen and Chef Hussain Shahzad combine their culinary expertise to present you with an unforgettable dining experience. Dive into juicy Chicken Sausages in rich brown sauce paired with pillowy-soft white bread, or try a unique combination of flavours with the Buffalo Tataki with succulent lobster, creamy crème fraiche, and zesty green tomatoes. For something light and refreshing order the Macadamia Tabbouleh accompanied with smoky burnt eggplant yogurt, nutty green barley, and tangy grape vinegar. Craving something hearty? Feast on the Big Plates like BBQ Prawns coated in indulgent XO butter, served with perfectly charred greens, or savour the tender Wood-Roasted Spatchcock infused with fiery fermented chilli and roasted corn, baked to perfection in O Pedro's stone oven. Indulge your sweet cravings with the decadent Burnt Honey and Paperbark Crème Brulee, a delightful finale to an unforgettable meal.

Embark on an Aussie wine adventure with our carefully curated selection of wines from Berton Vineyards, Yenda New South Wales, Australia. Start with the Metal Label, The Black Shiraz - with luxurious aromas of blackberry and plum over vanillin and toasty oak. Or the Outback Jack Cabernet Merlot, with its soft, full-bodied goodness of plum, blackcurrant, and hints of oak, with a lingering finish. For a fruity-floral twist, sip on Metal Label Rose, bursting with watermelon, rose petals, cranberry, and strawberry cream. And don't miss Outback Jack Chardonnay, a light yet creamy delight with peach, pineapple, banana, and citrus notes. Cheers to the joy of discovering the finest Australian wine in every sip!

Enjoy a glimpse of Australia in the heart of Mumbai all through May 2024 only at O Pedro as you savour this unique limited-edition menu that is sure to inspire your next holiday to explore the culinary adventures of Australia!

Dates: Available until May 31, 2024
Timing: 12 noon to 1 am (Monday to Friday) and 11 am to 1 am (Saturday and Sunday)
Price: A la carte menu, with dishes starting at ₹ 500/- | For Reservations, Call: +91 7506525554
Address: O Pedro, Unit #2, Ground Floor, Jet Airways-Godrej BKC Building, Bandra Kurla Complex, Bandra-East, Mumbai 400051

Andy Allen, winner of MasterChef Australia season four started as a sparky, but what really lit him up was getting creative in the kitchen and feeding whoever was home and hungry. Crowned champion in 2012, Andy used his success on the show as a springboard into incredible new challenges, including authoring his first cookbook, The Next Element, and commencing work as a cook at Sydney café, Three Blue Ducks. Andy threw everything he had at his new head chef role, going on to become a co-owner of the entire restaurant group. Not one to rest of his laurels, Andy got back into television, presenting Andy And Ben Eat Australia, Andy And Ben Eat The World, Farm To Fork and Three Blue Ducks. In 2020, Andy returned to the MasterChef Australia kitchen – this time as a judge. In 2022, he paired up with internationally renowned actor (and close mate), Travis Fimmel, to create the low-carb and mid-strength beer, Travla. Following the loss of fellow judge and close mate Jock Zonfrillo in 2023, Andy carries on his friend’s legacy in season 16 this year. Alongside new judges Sofia Levin, Poh Ling Yeow and Jean-Christophe Novelli, Andy leads the next chapter of MasterChef Australia with heart, authenticity, and open arms.

Hussain Shahzad is the dynamic Executive Chef at Hunger Inc. Hospitality (the team behind The Bombay Canteen, O Pedro, Veronica’s & Papa’s). With a global culinary journey and a stint at New York's Eleven Madison Park under his belt, he brings a blend of curiosity, energy, and expertise to the kitchen. His food philosophy is simple: to showcase local produce using contemporary culinary techniques that inspire future generations of chefs to cook smarter.  From the bustling streets of New York to the vibrant markets of Portugal, Turkey, Australia, and Spain, Hussain’s culinary adventures fuel his passion for seasonal ingredients and innovative flavours. Recognized as Chef of The Year at various prestigious awards, including Condé Nast Traveller India's Top Restaurant Awards 2023 and NDTV Food Awards in 2024, he has also been featured among GQ India’s Most Influential Young Indians List in 2024. His dishes promise a delightful combination of creativity and mischief on a plate.

Tourism Australia is the Australian Government agency responsible for promoting Australia to the world as a destination for business and leisure travel. Tourism Australia’s purpose is to increase the economic benefits of tourism to Australia, and in particular seeking opportunities to grow the overnight annual expenditure generated by tourism. The organisation is active in around 15 key markets, where it aims to grow demand for the destination’s tourism experiences by promoting the unique attributes which will entice people to visit. Tourism Australia’s activities include social and digital media, traditional advertising, public relations and media programs, trade shows and programs for the tourism industry, consumer promotions, online communications, and consumer research.

O Pedro, an all-day, Goa-inspired bar and restaurant is brought to you by Hunger Inc. Hospitality (the team behind The Bombay Canteen, Bombay Sweet Shop, enthucutlet.com, Veronica’s and Papa’s). Nestled behind the frangipani trees of the Jet Airways-Godrej Building in Bandra-Kurla Complex, O Pedro is made in Goa for the city of Mumbai. Expect drinks that bring back the fun of tropical living; simple, sophisticated food that reflects Goa’s stunning culinary diversity, going back to its Portuguese influences and further beyond; and a vibe influenced by the stories and rhythms of our palm-fringed neighbour state. O Pedro pulses with the energy of Goa’s lazy days and joyous, buzzing evenings, transitioning from one to another just as Goa does. It’s a happy place that everyone loves!

More Indians are travelling than ever before: Mastercard Economics Institute on travel in 2024

• The first three months of 2024 have registered 97 million passengers traveling through Indian airports for both international and domestic trips.

• As of March 2024, domestic travel surged by 21% compared to 2019, while international travel experienced a 4% increase.

• Indian travelers are increasingly exploring key markets, with a substantial 53% surge in visits to Japan, a 248% leap in visits to Vietnam, and a remarkable 59% rise in visits to the United States, compared to 2019.

• Amsterdam, Singapore, and London are trending as the top three summer holiday destinations for Indian travelers in 2024.

India, May 2024 – The global travel sector is breaking boundaries in 2024 as consumer spending on tourism remains robust and passenger traffic soars, according to the latest report from the Mastercard Economics Institute (MEI). Released today, the MEI’s fifth annual report, “Travel Trends 2024: Breaking Boundaries” provides comprehensive insights into the evolving landscape of the travel industry across 74 markets, including 13 in the Asia Pacific region (APAC).

Drawing on a unique analysis of aggregated and anonymized Mastercard transaction data, including Mastercard SpendingPulse™ and third-party data sources, the report takes a deep dive into key tourism trends for 2024. Here in India, a few themes stand out, including:

More Indians are travelling than ever before

In 2024, fueled by a growing middle class and expanded route capacity, more Indians are traveling internationally than ever before. In the first three months of 2024, 97 million passengers travelled through Indian airports. Just 10 years ago, the same figure would have taken a whole year to achieve.

While domestic air passenger traffic surged 21% above 2019 levels, international travel rose by 4%. Notably, Indian travelers are increasingly exploring key markets, with a 53% increase in visits to Japan, a 248% growth to Vietnam, and a 59% rise in visits to the United States, compared to 2019, despite a stronger US dollar. This trend signifies a major shift in Indian travel habits towards widespread exploration and discovery.

According to the report, Amsterdam, followed by Singapore, London, Frankfurt, and Melbourne are the top five trending destinations that Indian travelers are visiting this summer (June – August 2024), as measured by the change in share of flight bookings.

“Consumers in the Asia Pacific region have an intense desire and willingness to travel and are becoming increasingly savvy to ensure they get the best value and unforgettable experiences from their trips,” said David Mann, chief economist, Asia Pacific, Mastercard. “For tourism authorities, retailers, the hospitality and F&B sectors, the bottom line is that costs matter. In today’s economy, foreign exchange rates and spending power have become vital components in driving a traveler’s assessment of value when they are making their plans. This suggests that businesses targeting tourism dollars need to review their current strategies, and shift them, if necessary, to maintain their appeal to travelers.”

Travelers continue to prioritize experiences over things

Consumers globally continue to prioritize experiences over material goods. This is playing out in the travel sector as spending on experiences, especially nightlife, totals 12% of tourism sales – the highest point in at least five years. Additionally, a burgeoning fine dining scene in India has translated to marginal outperformance of the fine dining category for in-destination tourism dining. As of March 2024, spending on casual dining rose by 49.2%, while fine dining saw a 55.2% increase compared to the previous year.

Zoco brings the flavours of Pan America to Dubai

The ultimate Latin-fusion dining hotspot brings gourmet cuisine, salsa sessions and curated beverage programmes to Al Habtoor City 

Dubai, United Arab Emirates, May 2024: A vibrant new dining experience in the culinary heart of the UAE as V Hotel Dubai, Curio Collection by Hilton presents Zoco, a Pan American dining concept helmed by one of the city’s most exciting young chefs. 

Curated by Peruvian Chef Gustavo Alonso Guin Barnachea, the menu is a smorgasbord of enticing, fiery and flavourful dishes crafted with premium ingredients, reflecting the gastronomic heritage of Pan America. From the Peruvian-Japanese fusion of Nikkei cuisine to time-honoured culinary traditions of Mexico, the emphasis at Zoco is all about sharing, with plates crafted to encourage connection.

Zoco joins the star-studded collection of existing dining venues spread across V Hotel Dubai, Curio Collection by Hilton including Level Seven, V Lounge and V Deck. 

“We are delighted to be introducing Zoco and bringing the flavours of Pan America to Dubai, one of the most dynamic and exciting culinary destinations in the world,” says Daniel Hillier, Executive Chef, Al Habtoor City. “Chef Gustavo has drawn upon his passion for Latin flavours to create a menu that excites from the first bite, in a venue that’s just as vibrant as the dishes.”

On arrival at the seventh-floor restaurant, guests are greeted by breath-taking views of Dubai’s skyline and a bustling open-kitchen. Gentle natural woods, lashings of vibrant colours and kaleidoscopic portraits entice, with Latin house vibes from the DJ booth setting the tempo of the evening from Tuesday to Saturday each week. 

Perfect for an intimate dinner or a group outing, guests can begin their culinary adventure around Pan America with a host of starters, from freshly made guacamole and tune tartare to zingy citrus ceviche and soft-shell crab; or a selection of hot plates including beef short ribs, fluffy bao, crispy calamari and chicken teriyaki skewers.

For mains, diners can choose from a plethora of authentic dishes including Mexican style tacos loaded with chicken adobo, Peruvian chifa duck fried rice and sticky beef with udon; or go for gold with the ‘Black Onyx’, a black angus rib-eye with confit garlic and grilled vine tomatoes that’s perfect for sharing. Desserts are just as enticing with an elevated ‘Quatro Leches’ cake, churros, cheesecake and a selection of sorbets to ensure the experience ends on a sweet finish.  

Cocktail connoisseurs have a superb beverage programme from which to sample. Signature cocktails crafted using Pan American spirits include Espuma De Mezcal, Empresa Cubana and Cilantro Paloma, or there are pitchers of Sangria and Margarita for those who wish to share. 

There’s plenty of promotions to look forward to with a daily Happy Hour from 5pm to 7pm, inviting guests to enjoy selected house beverages and cocktails from AED 35 and a 25 per cent discount on dining. Fridays are all about the ladies with Salsa Y Señoritas. Gather the gals and shake to the sounds of salsa while taking advantage of a three-course set menu and unlimited house beverages for AED 180 for two hours. Gents can enjoy the same offer for AED 250. Or change the beat on Saturday and treat yourself to Pisco Rhythm, where you can tuck into a chef’s selection of cold and raw appetisers accompanied by unlimited pisco for two hours for AED 220 per person.

Open every day from 17:00 to 01:00, guests can reserve their table by calling + 971 50 428 6479

India’s Destination, Event and Travel Management Company, Tamarind Global shines at Arabian Travel Market, Dubai 2024

Dubai, May 2024: Showcasing the prowess of hosting both domestic and international tours and events of scale, the Indian brand, Tamarind Global, participated at the Arabian Travel Market (ATM) 2024 at Dubai World Trade Centre between 6-9 May. Given Tamarind Global’s success of amplified reach in catering to the B2B tours industry for both luxury as well as business travel from across the world over the years, the brand hosted a networking dinner for its global partner agents at a leading venue. 

Reflecting the company’s impeccable expertise in International Destination Management - Tours, Weddings, Events, and Corporate Services; Tamarind Global’s stall at ATM had an alluring aura with new-age travel agents and tour operators seeking prospective partnerships for tours and events in India as well as overseas through Tamarind Global’s seasoned experience in the multifaceted field.

ATM in 2024, having recorded its highest-ever visitors of over 45,000+ travel professionals from 160 countries, has opened several new avenues and potential clientele for Tamarind Global. The company is positive about nurturing these partnerships and growing both international and domestic tours and events, given the successful outcome for showcasing its services at the event through the four days.

Speaking about the participation at ATM 2024, Louis D’Souza, Director, Tamarind Global, said, “The four days spent at ATM 2024 have genuinely left us all thrilled. With the dynamic atmosphere, diverse range of attendees, engaging discussions, and connections made with both long-standing and new partners, the event proved to be immensely successful for us. Focusing on the comprehensive services that we offer with a range of story-telling experiences for diverse clientele, and destinations, we are already seeing a large number of conversions, as global travel trends continue to be bullish. We expressed our gratitude to our international partner agents, and thanked them for their support in our success, at a well-attended cocktail reception and dinner.”

Tamarind Global extends highly customized services to the B2B and B2C market segments across the globe and provides seamless turnkey offerings for tours, weddings, events, and MICE. 

Varchas Premium Spirits Bags Two Gold Medals at the 2024 San Francisco World Spirits Competition

Bengaluru, May 2024 - Varchas Premium Spirits has achieved a remarkable feat at the prestigious 2024 San Francisco World Spirits Competition, securing two Gold Medals for their flagship bourbons – Varchas Straight Bourbon Whiskey and Varchas Reserve 102, Straight Bourbon Whiskey. This recognition signifies their position as a top-tier producer of exceptional bourbons crafted with meticulous attention to detail and a dedication to excellence.  The Bourbons had won Silver in the previous consecutive years.

Varchas Premium Spirits' success at the 2024 San Francisco World Spirits Competition extends beyond the gold medals for their bourbons. Their Varchas Straight Rye finished in a Port Wine Cask secured a silver medal, while their Varchas Straight Rye Whiskey maintained its winning streak for the third consecutive year, receiving another silver medal. This recognition from the SFWSC, a highly respected and influential competition since 2000, further validates Varchas' position as a producer of exceptional spirits.

"We are incredibly proud to receive these gold medals at the San Francisco World Spirits Competition," said Varchasvi Shankar, Founder of Varchas Whiskey. "This recognition is a testament to the dedication and expertise of our entire team at Shankar Distillers. We are committed to creating bourbons that surpass expectations and redefine the whiskey experience for our consumers in India and around the world."

Distilled in Michigan by Shankar Distillers, a pioneer in bringing American bourbon to India, Varchas Premium Spirits has become a major player in the industry. Their award-winning bourbons embody classic American whiskey-making traditions, using only the finest ingredients and time-honored techniques. Watch for exciting new releases from Shankar Distillers this year, as they continue their unique fusion of Eastern and Western spirits, including Vodka, Gin, and Tequila.

The San Francisco World Spirits Competition is a highly respected event within the global spirits industry, attracting entries from renowned distilleries worldwide. Varchas Straight Bourbon Whiskey and Varchas Reserve 102, Straight Bourbon Whiskey, stood out amongst fierce competition, receiving acclaim from a distinguished panel of judges.

Varchas offers two award-winning bourbons: Varchas Straight Bourbon Whiskey, a classic with rich flavors of caramel, vanilla, and oak, and Varchas Reserve 102, a more complex experience with deep amber hues and hints of spice, fruit, and oak. Both are aged in charred oak barrels for exceptional smoothness and depth, perfect for discerning whiskey enthusiasts.

Winning gold and silver at the San Francisco World Spirits Competition signifies more than just the remarkable quality of Varchas Premium Spirits; it underscores their unwavering commitment to excellence. As they continue to redefine the art of bourbon-making, Varchas invites whiskey connoisseurs in India to explore the distinctive taste of their award-winning bourbons and discover the unparalleled craftsmanship that sets them apart.

Skyscanner launches Savvy Search – its new generative AI travel planning tool

India, May 2024: Harnessing the power of AI and its own breadth of flight search (showing over 18 million unique flight routes and searching more than 80 billion prices every day), global travel app Skyscanner has today launched its app-exclusive Savvy Search tool*. 

Powered by Open AI’s Chat GPT technology, travellers can now simply tell Savvy Search what kind of trip is on their mind and the app will find the best spots - from the most common queries like ‘a cheap European city break in October’ to something more specific like ‘a 30th birthday trip with fun nightlife and a great food scene’. The tool will then generate up to three curated destination recommendations.

Following extensive traveller testing and unlike many other AI-inspired travel tools and chatbots, imagery is combined with rich destination descriptions to highlight the unique characteristics of each recommendation. Upon deciding a destination, travellers are taken straight into Skyscanner’s flight search funnel to compare prices and pick their perfect flight. 

Piero Sierra, Chief Product Officer at Skyscanner commented: 
“Skyscanner has been helping wanderlust adventurers with its Everywhere search for the last 17 years – in fact 1 in 2 travellers globally come to Skyscanner without a specific destination in mind. And as reported in Skyscanner’s Travel Trends 2024, we’re now seeing AI being adopted to help in this travel inspiration space.

Globally, 44% of travellers are using AI to help them plan and research travel, but its use varies a lot depending on the market. 45% of Indian travellers, for example, are already using AI on their phones compared to just 8% in the UK. The next logical step is to use the AI technologies now available to us to help these travellers in the discovery phase of their travel planning journey.”

To celebrate the launch of the Savvy Search tool, Skyscanner’s data gurus have delved into the usage data collected during its beta phase to reveal some of their favourite queries so far:

1. Somewhere to get lost and forget about all my life’s worries
Skyscanner’s Savvy Search recommends Goa. With flight prices starting at INR 4,948 from Mumbai, Goa is an ideal destination for those looking to unwind. It's beautiful beaches, laid-back vibe, bustling markets, and delicious cuisine create an irresistible charm, making it the perfect place to relax and forget about all life's worries.

2. Astrophotography
Skyscanner’s Savvy Search recommends taking a trip to Norway in Northern Europe to witness the spectacular Northern Lights. In the winter months, travellers have the opportunity to marvel at the beauty of the night sky and capture breathtaking images of the aurora borealis. With airfares starting at INR 50,680 from Mumbai seize the chance to plan your unforgettable trip to Norway and create memories that will last a lifetime.

3. Somewhere to propose
Udaipur emerges as the best destination for a proposal according to Skyscanner Savvy Search. With its majestic palaces and serene lakes, Udaipur sets a dreamy backdrop for popping the question. With flight prices starting just at INR 7,346 onwards from Mumbai, Udaipur offers endless romantic settings to create unforgettable moments and begin a lifetime of love together.

4. Warm holiday where I can skateboard
For a warm holiday where you can indulge in skateboarding, look no further than Barcelona, Spain. With airfares from Mumbai starting just at INR 46,683, this vibrant city has emerged as a haven for skateboarders, offering numerous skateparks and street skating opportunities. Beyond skateboarding, Barcelona boasts a rich cultural scene, featuring beautiful museums, lively nightlife, delicious local cuisine, and stunning architecture that adds to its allure.

5. Super relaxing with a good coworking atmosphere
For a super relaxing experience combined with a conducive coworking atmosphere, Skyscanner’s Savvy Search suggests Bali, Indonesia and if you’re flying out from Mumbai, airfares begin as low as INR 25,878. Renowned for its pristine beaches, vibrant nightlife, ancient temples, rich history, plethora of outdoor activities and burgeoning cafe culture, Bali offers the perfect blend of relaxation and adventure. Whether you're seeking a change of scenery for a workcation or simply looking to unwind, Bali offers fantastic options to explore while maintaining a productive workspace ambience.

Yazu brings their Pan- Asian Flavours to Indore & soon will expand it’s footprints in Chandigarh & Bangalore

Mumbai, May 2024: Yazu, the critically acclaimed pan-Asian restaurant, embarks on a thrilling expansion journey, bringing its vibrant flavours to Indore. With its current presence in Mumbai & Goa, Yazu now has debuted in Indore, a city pulsating with a dynamic food scene and a growing population with adventurous palates.

"Indore's burgeoning culinary landscape, makes it the ideal launchpad for our expansion," says Ranbir Nagpal, co-founder at Yazu. "We're confident Indore's residents will embrace our unique take on pan-Asian cuisine, offering them a chance to explore the rich tapestry of flavours from across the continent."

Yazu's Indore location transcends the realm of simply offering a delicious meal. It promises a complete dining experience. Nestled in the heart of the city, the restaurant boasts a welcoming and stylish ambience, creating the perfect setting for a memorable culinary adventure. The warm hospitality and a commitment to excellence ensure a vibrant and inviting space for Indore's food lovers to gather and celebrate the rich diversity of Asian flavours.

The menu is a captivating exploration of pan-Asian flavours curated to tantalise discerning diners. The menu boasts their signature creations like The Mexican Roll, Turnip Cake, Crispy Cheung Fung (Prawn or Mushroom), Sichuan Butter Garlic Prawn, Signature Spicy Lotus Root and Donburi along with other options like Pad Thai noodles, Tom Yum Soup, and melt-in-your-mouth Sushi Rolls. Yazu's culinary creativity is also evident in dishes crafted specifically to please the Indore palate, adding a unique twist to traditional Asian flavours.

"We are committed to offering exceptional pan-Asian cuisine while adapting our menus to cater to local preferences," says Atul Chopra, co-founder at Yazu. "We believe our expansion will not only introduce unique flavours but also contribute to the overall culinary diversity of tier 2 cities in India."

Yazu's expansion plans extend far beyond Indore, with major cities like Chandigarh and Bangalore on the horizon. “We are actively scouting other promising tier 2 cities with similar demographics and growth potential, ensuring a data-driven approach to market penetration. This strategic move aligns perfectly with the increasing disposable income and evolving palates in these cities, where residents are eager to discover new and exciting culinary experiences,” said Gurmeet Arora, co-founder at Yazu.

With its carefully curated menu, warm hospitality, and commitment to excellence, Yazu is poised to become a beloved culinary destination in Indore, where food lovers can gather to celebrate the rich diversity of Asian flavours in a vibrant and inviting setting.

ROHL launches Gujarat’s largest All-Suite 5-Star Hotel in Surat – ‘The World’

BENGALURU,  MAY 2024: Following the signing of the management agreement with Hindva Hospitality, LLP in March 2024, Royal Orchid Hotels Ltd, the leading hospitality chain today announced the launch of ‘The World’, the largest All-Suite 5-star hotel in Gujarat and the debut hotel by ROHL in Surat.

Located near the Surat Diamond Bourse, the upcoming Bullet Train Station and the Textile belt, this hotel is optimally located for business and leisure travellers alike. Accentuated with carefully crafted art pieces and tasteful décor and opulent suites that can accommodate up to 6 people comfortably, the 288 all-suite hotel is a true epitome of style, comfort and convenience. The World is a true amalgamation of a bouquet of innovative services and facilities including large banqueting rooms, sprawling lawns, meeting facilities and a signature Spa with extensive wellness and yoga experiences on the one side, clubbed together with an in-house Co-Working space and a Gaming Zone on the other.

Chander K Baljee, Chairman and Managing Director of Royal Orchid Hotels Ltd, said, “We are excited to announce our very first hotel in Surat in partnership with Hindva. ‘The World’ is our contribution to PM Modi’s vision to transforming Surat and bringing it at the forefront of the world’s diamond trading business. The hotel is certain to transform the city’s skyline and create new benchmarks for hospitality in the city.”

As part of the inaugural, the hotel unveiled ‘FAM’, all-day modern eatery of the hotel serving exclusively vegetarian delicacies where chefs will skillfully curate artisanal ingredients to create sensory delights. Apart from offering multiple F&B options to guests, The World will also present a unique ‘Surati’ concept eatery, thereby leaving guests with the fine taste of authentic Gujarati food.

Keyur Kheni, Chief Executive Officer at The World & Managing Partner, Hindva said, “The World is an outcome of a dream to create a masterpiece that redefines luxury and gives Surat a ‘one-of-its-kind’ destination. We are excited as we open doors to unparalleled hospitality for the discerning global traveller. I am confident that our partnership with ROHL, a brand with a legacy spanning five decades, will only elevate the experience for guests further and firmly cement The World as an epitome of opulence and luxury in the city”.

In addition to indulging in ROHL’s signature hospitality, guests can avail convenient pick-up and drop services to the Airport and other prominent destinations like Surat Diamond Bourse, Dumas Beach, and many more.

IHG Hotels & Resorts launches the first voco hotel in India with voco™ Jim Corbett

IHG® Hotels & Resorts, one of the world’s leading hotel companies with more than 6,300 hotels worldwide across 19 brands, announces the opening of voco Jim Corbett - India’s first voco hotel. This also marks the introduction of the 7th brand from IHG’s global portfolio to the Indian market.

Spread across 13.5 acres of lush greenery along the majestic Kosi Riverside, the resort in Dhilkuli region of Jim Corbett emerges as a sanctuary of tranquility and serenity, amidst dense forests and a symphony of foliage. Nestled on the foothills of the Mailani range, the hotel immerses guests in the captivating natural beauty and wildlife of the Kumaon region.

Offering an all-day dining experience, banquet halls, an alfresco lounge bar, a refreshing pool, rejuvenating spa, meticulously manicured lawns, an amphitheater, and a fully equipped fitness center, the hotel stands as an ideal destination for all occasions, particularly a dreamy destination wedding in the enchanting realm of Jim Corbett.

Commenting on the launch, Suprabhath Roy Chowdhury, General Manager, voco Jim Corbett said, “We are thrilled to introduce the inaugural voco hotel in India, bringing the brand's unique offerings to locals and travelers visiting the country. Situated amidst lush wildlife and forests, voco Jim Corbett perfectly encapsulates the natural charm of its surroundings, offering guests a unique opportunity to unwind, rejuvenate, and embrace the essence of this iconic destination.”

voco Jim Corbett features 70 well-appointed modern, spacious rooms adorned with elegant décor that reflects the true essence of voco hotels. The rooms are thoughtfully designed to provide utmost comfort with plush bedding and all the amenities, allowing guests to indulge in moments of relaxation with breathtaking views.

Hyatt Reports First Quarter 2024 Results

Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) reported first quarter 2024 results. Highlights include:

• Comparable system-wide hotels RevPAR increased 5.5% compared to the same period in 2023

• Comparable system-wide all-inclusive resorts Net Package RevPAR increased 11.0% compared to the same period in 2023

• Net Rooms Growth was approximately 5.5%

• Net Income was $522 million and Adjusted Net Income was $75 million

• Diluted EPS was $4.93 and Adjusted Diluted EPS was $0.71

• Adjusted EBITDA was $252 million

• Pipeline of executed management or franchise contracts was approximately 129,000 rooms

• Repurchased approximately 2.5 million shares of Class A and Class B common stock for an aggregate purchase price of $388 million

• Full year comparable system-wide hotels RevPAR is projected to increase 3% to 5% on a constant currency basis compared to full year 2023

• Full year Net Income is projected between $1,135 million and $1,195 million

• Full year Adjusted EBITDA is projected between $1,150 million and $1,190 million and is in line with previously provided 2024 Outlook when adjusting for $30 million of reduced Adjusted EBITDA due to transactions

• Full year Capital Returns to Shareholders is projected between $800 million and $850 million

Mark S. Hoplamazian, President and Chief Executive Officer of Hyatt, said, "The year is off to a great start with gross fee revenue reaching a record of $262 million in the quarter. Our pipeline also reached a new record, expanding 10% year-over-year to 129,000 rooms, and we realized net rooms growth of 5.5%. World of Hyatt membership has grown by 22%, reaching a new record of 46 million members. Significant progress on asset dispositions is further expanding our asset-light earnings mix, reflecting our execution to permanently reduce owned real estate."

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American Brew Crafts on Growth Spree

Acquires 3rd Brewery in Odisha to fuel Eastern India Expansion

Hyderabad, May 2024 – American Brew Crafts Pvt Ltd (ABCL), a leading brewing company renowned for its exceptional brews, announced its recent acquisition of Denzong Brewery located in Odisha, India. ABCL intends to invest upwards of Rs. 80 Crore for the acquisition and renovation of the brewery.  The brewery has a capacity to produce 2 Lakh cases of beer per month. This will augment the owned capacity installation for American Brew Crafts Pvt Ltd the brewers of award-winning Flying Monkey, Blockbuster, and Karjura range of beer to 8 Lakh Cases per month. This strategic move marks a significant milestone for ABCL and facilitates the expansion of its footprint in East & Northeast India, further solidifying its commitment to delivering high-quality craft beers to beer connoisseurs nationwide.

The acquisition seamlessly aligns with ABCL's vision of growth and innovation, propelling the company forward in the dynamic craft beer industry. ABCL ensures quality and consistency by producing beer in small batches. Each batch undergoes meticulous research and is crafted using carefully selected premium malts and hops to ensure a remarkable flavor profile. With this acquisition, ABCL will now operate three state-of-the-art breweries equipped with the latest German Technology located in Andhra Pradesh, Telangana, and Odisha to provide the best brews and maintain a consistent and regular supply across the geographies of operation.

Sri Nagendra Tayi, Director and Chief Executive Officer of American Brew Crafts Pvt Ltd, said "We are thrilled to strengthen our presence with the addition of Denzong Brewery into the American Brew Crafts family. The acquisition will help us expand our production capacity and cater to the increasing consumer demand across the region. This will also play a critical role in expanding our reach in the East and Northeastern parts of the Country. We are driven by the commitment to promote the beer culture in India and provide more variety to beer lovers. We have an experienced team of brew masters who carefully prepare and monitor the brews ensuring consistency of taste and flavours batch after batch so that beer connoisseurs enjoy our brews and have a great time.”. What also stands out is our innovative and eye-catching packaging which has garnered rave reviews from the customers and consumers.

Celebrating Excellence: IHM Ranchi's Triumphs at Graduation and Placements"

The Institute of Hotel Management (IHM), Ranchi, conducted the graduation ceremony for its three-year undergraduate program affiliated with the National Council for Hotel Management & Catering Technology (NCHMCT), Noida, on May 3, 2024 (Friday) at the institute's auditorium. The ceremony was graced by esteemed guests including Shri Manoj Kumar, Secretary of Tourism, Art, Culture, Sports, and Youth Affairs Department, Government of Jharkhand; Dr. Pankaj Chatterjee, Department Head and Assistant Registrar, RKDF University, Tourism Department officials, General Manager of Hotel Royal Retreat, media personnel, institute faculty, staff, all students, and other dignitaries. The ceremony commenced with the lighting of lamps by the chief guests followed by Saraswati Vandana presented by the students. This was followed by a performance of Jhoomar dance by students and Paika Dance by Gulab Chand Munda Group showcasing the art and culture of Jharkhand, which received much appreciation.

Mr. Manoj Kumar, Tourism Secretary, extended his greetings to all and congratulated the students on their graduation, acknowledging the institute's achievements through hard work. He emphasized the Tourism Department's commitment to fulfilling all needs for the institution's progress. He advised students that their education doesn't end here; they should strive for excellence to brighten the institute's name in the future. He stressed the need to enhance efforts as new opportunities arise.

Dr. Pankaj Chatterjee, the special guest, greeted everyone and encouraged the students to shine wherever they work, bringing recognition not only to themselves but also to IHM Ranchi. He advised them to work in the hospitality industry for a minimum of two years and to excel in their work wherever they go.

Dr. Bhupesh Kumar, the Principal of the institute, welcomed everyone with enthusiasm, congratulated the students on completing their programs, and wished them success in obtaining employment in various hotels and service sectors nationally and internationally. He proudly mentioned that for 52 students the Institute got 88 placement offers, which mean there was more than one placement for every student and mentioned that IHM Ranchi has achieved prestigious awards and recognitions in last year, making its mark among the top hotel management institutions nationwide.

In this ceremony, all 52 students of the Batch 2021-24 of the B.Sc in Hospitality and Hotel Administration program were provided appointment letters and certificates of completion during the placement drive organized by various hotels and service sectors domestically and internationally. Mr. Aditya Vikram Bajaj was chosen as the Student of the Year 2024 based on attendance, academic performance, extracurricular activities, and placement performance. He was honored with a gold medal and a cash prize of ₹11,000.

The students of IHM Ranchi have consistently demonstrated excellent performance in the placement drives over the past three years, achieving 100% placement in the campus placement drive. Various reputed international and national hotel groups and other organizations participated in the placement drive. In the recent placement drive, 32 students were selected for managerial positions, 6 for supervisor roles, and 16 for associate positions.

The institute's students have also secured excellent placements in hotels and resorts in the USA, Qatar, and Dubai, showcasing their talent internationally. The graduation ceremony concluded with the national anthem and a vote of thanks by Mr. Alok Aswal, the department head of the institute.

Goa Tourism To Participate At The 13th Edition Of The Great Indian Travel Bazaar (Gitb)

Goa, May 2024 - The Department of Tourism, Government of Goa, is delighted to announce its participation in the 13th edition of the esteemed Great Indian Travel Bazaar (GITB), scheduled to take place from May 5th to May 7th, 2024, in JECC, Jaipur, Rajasthan.

Goa, will leverage this platform to showcase its unique tourism offerings and attract travelers from around the world. With a diverse range of experiences, including water sports, historical landmarks, and vibrant festivals, it promises an unforgettable experience for every traveler. The Goa Tourism Pavilion at GITB will virtually feature sustainable initiatives under the Regenerative Tourism approach, focusing on pillars such as hinterland exploration, restoration and revitalization of natural and cultural assets, and a journey towards spiritual tourism, among others. Visitors will have the opportunity to explore the Ekadasha Teertha circuit, which includes 11 temples, and witness the exposition of St. Francis Xavier at the Basilica of Bom Jesus, scheduled to take place from November 21st, 2024, until January 5th, 2025. 

At Goa's Pavilion, visitors are immersed in a dynamic blend of interactive exhibits, engaging discussions, and immersive experiences that illuminate the symbiotic relationship between tourism and sustainability. Central to the showcase by Goa Tourism is the groundbreaking concept of regenerative tourism – an approach that transcends mere conservation to actively rejuvenate and replenish natural and cultural assets, all while bolstering the welfare of local communities.

Set to sparkle amidst the vibrant tapestry of the Global Tourism Innovation Summit (GITB) 2024 in Jaipur, the eagerly anticipated "The Wed in India Expo" on May 5th, 2024, marks a collaborative effort by the Ministry of Tourism, Rajasthan Tourism, and FICCI. This initiative aims to position India as the ultimate wedding destination. Alongside the esteemed Great Indian Travel Bazaar from May 6th to 7th, the Expo will unveil India's myriad wedding locales and experiences.

With an impressive gathering of around 250 participants, including state tourism bodies, seasoned wedding planners, esteemed hoteliers, dynamic tour operators, and accomplished event management firms, the Expo will host enlightening sessions and engaging roundtable discussions. This kaleidoscopic event promises to illuminate the rich tapestry of India's wedding tourism sector while nurturing dialogue to sculpt growth-oriented policies.

In this dazzling panorama, Goa emerges as a premier wedding destination, poised to shine brightly amidst the vibrant tapestry of offerings at The Wed in India Expo. This unique platform presents an unparalleled opportunity to showcase Goa's allure and charm, captivating hearts with its picturesque settings and warm hospitality. The presence of Goa's Pavilion further accentuates its burgeoning wedding and MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism sectors. Firmly entrenched as one of the top wedding destinations globally, Goa draws couples from around the world to exchange vows amidst its breathtaking landscapes and rich cultural heritage. Our focused participation underscores our commitment to not only deliver unforgettable experiences but also to bolster the local economy and support small businesses.

Simultaneously, we are dedicated to fostering the growth of MICE tourism in Goa. With its blend of modern infrastructure and timeless charm, Goa presents an ideal setting for hosting corporate events, conferences, and exhibitions. Through strategic initiatives and partnerships, we are actively working to enhance the MICE offerings, ensuring seamless logistics, world-class facilities, and unparalleled hospitality to cater to the diverse needs of business travelers and event organizers.

"Goa Tourism's participation at GITB 2024 is not just about showcasing our cultural and spiritual treasures – it's also about promoting sustainable practices that benefit both the environment and local communities," said Mr. Suneel Achipaka, IAS, Director Tourism & Managing Director GTDC. "Through our participation, we aim to inspire travelers to make conscious choices that support responsible tourism and contribute to the long-term well-being of our planet."

Mr. Sanjeev Ahuja, IAS, Secretary Tourism, Government of Goa stated “GITB provides an unparalleled platform for Goa to engage with industry stakeholders, forge partnerships, and elevate the profile of our destination. "We are excited to present our innovative initiatives and collaborative efforts at the event, demonstrating our commitment to sustainable tourism practices. We look forward to welcoming visitors to our pavilion and sharing the beauty and hospitality of Goa with the world"

In essence, Goa's Pavilion encapsulates the spirit of innovation, sustainability, and inclusivity that defines the region's approach to tourism. By championing regenerative practices and embracing the unique opportunities presented by wedding and MICE tourism, we are not only shaping Goa as a global destination but also paving the way for a more sustainable and equitable future for all.

Accor - First-Quarter 2024 Revenue €1,236 million up 8% like-for-like

Sébastien Bazin, Chairman and CEO of Accor, said:

"In this first quarter, marked by the Group's return in CAC 40, Accor once again delivered a solid performance, increasing revenue in all regions, notably in the Middle East and Asia-Pacific. Our network growth also accelerated, reflecting the attractiveness of our brands and the trust of our owners. By continuing to combine high standards with operational flexibility, quality of execution and financial discipline, we are confident in our ability to pursue a growth path that is in line with the objectives we have set for ourselves."

The first quarter of 2024 once again demonstrates the strength of hotel demand in all Accor Group regions and segments. Operating performance indicators (RevPAR and portfolio growth) are all trending positively, and the Group has continued to manage its balance sheet in line with its commitments.

In the first quarter of 2024, Accor opened 53 hotels corresponding to over more than 8,000 rooms, representing a net unit growth of 3.1% over the last12 months. At the end of March 2024, the Group had a hotel network of 825,313 rooms (5,613 hotels) and a pipeline of 224,000 rooms (1,297 hotels).

First-quarter 2024 RevPAR

The Premium, Midscale & Economy (PM&E) division posted an 8% increase in RevPAR compared with the first quarter of 2023, still more driven by rates than by occupancy rates.

The Europe North Africa (ENA) region reported a 5% increase in RevPAR compared with the first quarter of 2023.

In France, which represents 44% of the region’s room revenue, the Paris region and the provinces posted comparable RevPAR growth. RevPAR growth in March was particularly strong, benefiting from a higher number of events than in March 2023, and the absence of a major strike compared to the same period last year.

The United Kingdom, 13% of the region’s room revenue, posted RevPAR growth comparable to France, with an even balance between London and the provinces.

In Germany, 13% of the region’s room revenue, RevPAR growth was stronger than in France and the UK. This change reflects a steady improvement, and benefits from a more favorable base effect, as the activity recovery in the country was delayed as compared to the rest of Europe.

 The Middle East, Africa and Asia-Pacific region reported a 12% increase in RevPAR compared with the first quarter of 2023.

The Middle East Africa region, 26% of room revenue in the region, continued to post solid RevPAR growth, driven by rates and benefiting in particular, in Saudi Arabia, from the Ramadan calendar, most of which was held in the first quarter of 2024.

 South-East Asia, 30% of room revenue in the region, also reported strong RevPAR growth, driven in particular by Singapore and Thailand.

 The Pacific, 27% of room revenue in the region, continued the trend observed in the fourth quarter of 2023, with RevPAR growth driven primarily by higher occupancy rates.

 In China, 18% of hotel room revenue in the region, business continued to recover, albeit at a measured pace.

The Americas region, which mainly reflects the performance of Brazil (65% of room revenue for the region), posted a 4% increase in RevPAR compared with the first quarter of 2023. The activity, which had exceeded the occupancy recorded prior to Covid, posted a slight decline in demand. Nevertheless, this slight decline in occupancy was more than offset by higher average rates.

 The Luxury & Lifestyle (L&L) division reported a 7% increase in RevPAR compared with the first quarter of 2023, mainly driven by higher occupancy.

The Luxury segment, 77% of the division's room revenue, posted a 6% increase in RevPAR compared with the first quarter of 2023. Being more exposed to North America than the other segments, Luxury RevPAR growth is slightly more modest, reflecting a more mature market.

 The Lifestyle segment reported solid RevPAR growth of 10% compared with the first quarter of 2023. This was driven by improved occupancy at resorts in Turkey, Egypt and the United Arab Emirates.

Group revenue

For the first quarter of 2024, the Group reported revenue of €1,236 million, up 8% on a like-for-like basis (LFL) compared with the first quarter 2023. This increase breaks down into a 6% growth for the Premium, Midscale and Economy division and a 12% growth for the Luxury & Lifestyle division.

Scope effects, mainly linked to the acquisition of Potel & Chabot (in October 2023) in the Luxury & Lifestyle division (Hotel Assets and Other segment), positively contributed for €38 million.

Currency effects had a negative impact of €37 million, mainly due to the Australian dollar (-5%) and the Turkish lira (-40%). 

Premium, Midscale & Economy revenue

Premium, Midscale & Economy, which includes fees from Management & Franchise (M&F), Services to Owner and Hotel Assets & Other of the Group's Premium, Midscale & Economy brands, generated revenue of €690 million, up 6% LFL compared with the first quarter of 2023. This increase reflects the sustained activity reported over the period, mitigated by a base effect in Services to Owner.  

The Management & Franchise (M&F) revenue totaled €192 million, up 14% LFL compared with the first quarter of 2023. This increase, which was higher than the 8% rise in RevPAR over the period, reflects the strong growth in incentive fees provided for in management contracts, particularly in Asia-Pacific region. Management & Franchise performance by region is detailed on the following page.

Services to Owners revenue, which includes Sales, Marketing, Distribution and Loyalty activities, as well as shared services and the reimbursement of hotel costs, totaled €252 million, down (1)% LFL compared with the first quarter of 2023. This decline reflects a base effect on the same period last year, which included the final rebilling of costs incurred by Accor as part of its reception services for supporters during the soccer World Cup in Qatar.

Hotel Assets and Other revenue was up 9% LFL compared with the first quarter of 2023. This segment, which is strongly linked to activity in Australia and Brazil, reflects the level of activity recorded in these regions.

Luxury & Lifestyle revenue

Luxury & Lifestyle, which includes fees from Management & Franchise (M&F), Services to Owner and Hotel Assets & Other of the Group's Luxury & Lifestyle brands, generated revenue of €566 million, up 12% LFL compared with the first quarter of 2023. This increase also reflects the good activity performance over the period, as well as the opening of new venues at Paris Society.

Management & Franchise (M&F) revenue totaled €102 million, up 11% like-for-like compared with the first quarter of 2023, driven by a 7% increase in RevPAR and strong growth in incentive fees from management contracts. The performance of the Management & Franchise business by segment is detailed on the following page.

Services to Owners, which includes Sales, Marketing, Distribution and Loyalty activities, as well as shared services and the reimbursement of hotel costs, totaled €347 million, up 12% LFL compared with the first quarter of 2023. 

Hotel Assets and Other revenue was up 13% LFL compared with the first quarter of 2023. This change on a like-for-like basis reflects the opening of the Abbaye des Vaux de Cernay hotel and new restaurant venues at Paris Society, while the reported change of +77% includes a significant scope effect linked to the acquisition of Potel & Chabot in October 2023.

Management & Franchise revenue

Management & Franchise (M&F) posted revenue of €294 million, up 13% LFL compared with the first quarter 2023. This change reflects RevPAR growth of 8% LFL vs. the first quarter of 2023 amplified by:

the sharp rise in incentive fees provided for in hotel management contracts, particularly in the Asia-Pacific and Lifestyle segments;

a termination fee for a breach of contract in the Premium, Midscale & Economy segment in the Americas.

Outlook

The Group confirmed its medium-term growth perspectives as disclosed during the Investor Day on June 27, 2023:

Annualized RevPAR growth between 3% and 4% (CAGR 2023-27)

Annualized net unit growth between 3% and 5% (CAGR 2023-27)

M&F revenue growth between 6% and 10% (CAGR 2023-27)

A marginally positive EBITDA contribution from Services to Owners

EBITDA growth between 9% and 12% (CAGR 2023-27)

Recurring free cash flow conversion in excess of 55%

A return to shareholders of around €3 billion over the 2023-2027 period

In the first quarter of 2024, Accor completed a €400 million share buyback program, with an accretive effect for shareholders through the cancellation of 3.9% of its shares. 

Hyatt Announces the Opening of Hyatt Centric Ballygunge Kolkata

A second Hyatt hotel debuts in the City of Joy, Ballygunge Kolkata, marking the seventh Hyatt Centric in India.

Hyatt Hotels Corporation (NYSE: H): announced today the grand opening of Hyatt Centric Ballygunge Kolkata, marking the exciting expansion of the Hyatt Centric brand into the City of Joy. Debuting in association with Mukti Projects Limited, the hotel seamlessly blends the rich culture of Ballygunge with a true lifestyle hotel experience. Serving as a stylish home-base for guests to unwind, the property boasts 93 contemporary rooms and suites, offering a comfortable place to recharge after a day of exploration.

Nestled in the heart of the action, Hyatt Centric Ballygunge Kolkata is a launchpad for local discovery, inviting guests who are visiting the city to uncover the rich cultural tapestry of its vibrant neighborhood through immersive experiences. Amidst a captivating mosaic that reflects the essence of Kolkata, guests can embark on a journey to explore the city's art, culture, and renowned hospitality, ensuring an unforgettable stay filled with warmth and adventure.

"We are thrilled to unveil the Hyatt Centric brand's exquisite hospitality and personalized service to the local residents and visitors of the City of Joy,” said Glen Dsouza, general manager, Hyatt Centric Ballygunge Kolkata. “Our hotel goes beyond being a place to stay, it offers an elevated guest experience that captures the very essence of Kolkata through meaningful, locally inspired touchpoints. We take pride in turning each stay into an opportunity to discover the magic of Ballygunge Kolkata, fostering a deep connection between our guests and the city.”

“Hyatt Centric Ballygunge Kolkata is a significant addition to our Hyatt Centric portfolio in India as Kolkata has long been a cornerstone of art, culture, food and literature and we are delighted by the opening of a second Hyatt hotel in this vibrant city," said Dhruva Rathore, vice president of development, India & South West Asia, Hyatt.

Marriott International Reports First Quarter 2024 Results

First quarter 2024 comparable systemwide constant dollar RevPAR increased 4.2 percent worldwide, 1.5 percent in the U.S. & Canada, and 11.1 percent in international markets, compared to the 2023 first quarter;

First quarter reported diluted EPS totaled $1.93, compared to reported diluted EPS of $2.43 in the year-ago quarter. First quarter adjusted diluted EPS totaled $2.13, compared to first quarter 2023 adjusted diluted EPS of $2.09;

First quarter reported net income totaled $564 million, compared to reported net income of $757 million in the year-ago quarter. First quarter adjusted net income totaled $620 million, compared to first quarter 2023 adjusted net income of $648 million;

Adjusted EBITDA totaled $1,142 million in the 2024 first quarter, compared to first quarter 2023 adjusted EBITDA of $1,098 million;

The company added roughly 46,000 net rooms during the quarter, including approximately 37,000 rooms under its agreement with MGM Resorts International;

At the end of the quarter, Marriott’s worldwide development pipeline totaled over 3,400 properties and nearly 547,000 rooms, including roughly 27,000 pipeline rooms approved, but not yet subject to signed contracts. More than 202,000 rooms in the pipeline were under construction as of the end of the first quarter;

Marriott repurchased 4.8 million shares of common stock for $1.2 billion in the first quarter. Year to date through April 26, the company has returned $1.7 billion to shareholders through dividends and share repurchases.

Novotel Guwahati GS Road Recognized with Prestigious 'Green Key' Certification for Environmental Responsibility this Earth Day"

Guwahati, India - April , 2024 – Novotel Guwahati proudly announces its achievement of the prestigious Green Key certification, solidifying its commitment to environmental sustainability and responsible tourism. This recognition marks Novotel Guwahati GS Road as the only hotel in Eastern India and the 7th hotel in India to receive this esteemed accolade, with certification awarded on Earth Day, April 22nd.

Green Key is a globally recognized eco-label awarded to hospitality establishments that meet stringent criteria for environmental sustainability and corporate social responsibility. The collaboration between Accor and Green Key is to implement sustainable development initiatives through preferred certificate programmes globally, including Green Key.

Novotel Guwahati's dedication to sustainable practices, unwavering commitment to minimizing its environmental footprint while delivering exceptional guest experiences has resulted in this significant milestone of achieving Green Key certification on this Earth Day 2024. 

Novotel Guwahati's journey towards sustainability encompasses various initiatives, including:

• Implementation of energy-saving technologies and renewable energy sources.

• Reduction of water consumption through efficient management systems.

• Waste management strategies aimed at minimizing landfill waste and promoting recycling.

• Collaboration with local communities and stakeholders to support sustainable development initiatives.

• Promotion of eco-friendly practices among guests and employees through educational programs and awareness campaigns.

“As the only hotel in Eastern India and the 7th hotel in India to receive the Green Key certification, Novotel Guwahati GS Road sets a new standard for sustainable hospitality in the region. This accomplishment highlights the hotel's leadership in environmental conservation and its dedication to creating a positive impact on the local community and ecosystem”, said Manmeet Singh, General Manager (Novotel Guwahati GS Road).

About Novotel Guwahati:

Novotel Guwahati GS Road is a luxury hotel located in the heart of Guwahati, India. With its prime location, modern amenities, and commitment to exceptional service, Novotel Guwahati offers guests a comfortable and convenient stay experience. The hotel is dedicated to sustainability and actively engages in eco-friendly practices to minimize its environmental impact while maximizing guest satisfaction.

About Novotel:

Novotel Hotels offer destination hotels designed as comforting and energizing places where guests can ‘press pause’ and take time to enjoy the moments that really matter. The brand’s wide array of hotels, suites and resorts offer a multitude of services for business and leisure guests alike, including spacious, modular rooms with natural and intuitive design; 24/7 catering with nutritious choices; dedicated meeting spaces; attentive and proactive staff; family zones for the youngest guests; multi-purpose lobbies; and accessible fitness centers. Novotel, which has over 530 locations in more than 60 countries is part of Accor, a world leading hospitality group counting over 5,400 properties throughout more than 110 countries. Novotel is also a participating brand in ALL - Accor Live Limitless – a lifestyle loyalty program providing access to a wide variety of rewards, services and experiences.

Goa: Leading the Charge Towards Sustainable Tourism at ATM Dubai 2024

Goa,  April 2024 - As the global travel and tourism industry gears up for the prestigious Arabian Travel Market (ATM) Dubai 2024 from 6th to 9th May 2024 at the Dubai World Trade Centre (DWTC), there's one destination that's poised to make a significant impact – Goa, India. Renowned for its pristine beaches, rich cultural heritage, and vibrant communities, Goa is set to showcase its commitment to sustainable tourism at ATM Dubai 2024 with this year’s theme: Transforming Travel Through Entrepreneurship.

The Goa Tourism Pavilion at ATM Dubai will feature sustainable initiatives under the Regenerative Tourism approach which will focus on the pillars under this approach like hinterland exploration, restoration and replenish heritage sites, a journey towards spiritual tourism, and much more. Along with the 11 temples under the Ekadasha Teertha circuit and the exposition of St. Francis Xaviers at the Basilica of Bom Jesus, Old Goa, which is scheduled to take place after a decade, this year from November 21st 2024 until January 5th, 2025. 

Mr. Suneel Anchipaka, IAS, Director Tourism & Managing Director GTDC said " The Goa Tourism pavilion will reflect the traditional, historical significance and the rich cultural heritage of Goa under Regenerative Tourism. There will be approximately 17 co-exhibitors like tour and travel operators, wedding planners, as we have roped in various planners and MICE representatives. One of our main focus will be on promoting MICE tourism in a massive manner, along with this, the Department of Tourism is in the process of forming the single window Wedding in Goa policy; to rope in more tourists as part of this initiative at ATM Dubai. Goa became the first state to launch Regenerative Tourism with hinterland tourism, spiritual tourism and various MICE tourism under it, all these initiatives are to attract inbound tourists and especially quality tourists. Through this mart, we aim to promote tourism within GCC countries, which have high-spending tourists so that they can visit Goa and explore the hidden gems our state has to offer. Through joint efforts with the Indian Embassy in Dubai, UAE, we underscore our commitment to engage with the global Goan community and harness their support in promoting Goa as a sustainable tourism destination, reinforcing their role as ambassadors for our region on the global stage. Events like ATM Dubai, the Goan diaspora not only strengthens ties between Goa and Dubai but also contributes to the growth of tourism in their homeland.”

From May 6th to May 9th, 2024, at the ATM Dubai at the Dubai World Trade Centre (DWTC), Stand No: AS7259, visitors to the Goa Pavilion will be treated to an immersive experience highlighting the region's pioneering initiatives in sustainable tourism. At the heart of our showcase is the concept of regenerative tourism – an approach that goes beyond conservation to actively restore and replenish natural and cultural resources while enhancing the well-being of local communities.

Goa Tourism’s pavilion will exhibit the best of what Goa has to offer with the presence of Hon’ble Minister of Tourism, Mr. Rohan A Khaunte, Mr. Suneel Anchipaka, IAS, Director Tourism & Managing Director GTDC, Mr. Kuldeep Arolkar, Deputy Director Tourism, Government of Goa, Mr. Shawn Mendes, OSD to Tourism Minister and Mrs. Chitra Vengurlekar, Assistant Tourist Officer, Department of Tourism, Government of Goa, along with co-exhibitors from leading industries like tour operators, hoteliers and wedding planners. ATM Dubai’s theme for 2024 is on sustainable tourism and Goa being the first state to launch Regenerative Tourism, showcases just that; Sustainable & Responsible Tourism.

Goa Tourism’s participation at ATM Dubai isn't just about showcasing Goa's cultural and spiritual treasures – it's also about promoting sustainable practices that benefit both the environment and local communities. Through the pavilion, the state aims to inspire travelers to make conscious choices that support responsible tourism and contribute to the long-term well-being of our planet. 

At Goa's Pavilion, visitors can expect interactive exhibits, engaging discussions, and immersive experiences that highlight the symbiotic relationship between tourism and sustainability.