INDIA REPORTED positive results across the three key performance metrics when reported in U.S. dollar constant currency, according to Q1 2016 data from STR: occupancy (+5.1% to 67.6%), ADR (+1.5% to INR6,197.11) and RevPAR (+6.7% to INR4,190.92). Occupancy was the main driver of performance for the quarter linked to slowing supply growth in the country’s major cities, according to STR analysts. For the quarter, demand in India grew 8.9%, while supply increased 3.6%.
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WITH OVER 15 years of experience, Sumit Gogia joins Hyatt Regency Delhi as Director of Events. Sumit is a Graduate from Institute of Hotel Management, Catering and Nutrition, Panipat. He started his career in the year 2000 as a Food & Beverage Attendant at the Grand Hyatt Delhi followed by Imperial, New Delhi as Assistant Manager- Food & Beverage and The Grand, New Delhi as Convention Sales Manager.
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MARRIOTT INTERNATIONAL reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, Inc, recently, confident that the previously announced amended merger agreement is the best course for both companies, according to a press release by the company this week. The combined company will offer stockholders significant equity upside and greater long-term value driven by a larger global footprint, wider choice of brands for consumers, substantial revenue synergies, and improved economics to owners and franchisees leading to accelerated global growth and continued strong returns.
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THE FIRST BW Hotelier Indian Hospitality Award and Summit was held over two days, on March 21 and 22, 2016, at The Leela Ambience Gurgaon Hotel. Both days were stuffed with informative panel discussions and keynote addresses which all spoke around the theme of innovation and hospitality.
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THE GALA evening following the two days of panel discussions during the BW Hotelier Indian Hospitality Awards and Summit 2016, saw 51 hospitality professionals being honoured at a glittering event held at The Leela Ambience Hotel Gurgaon on March 22, 2016.
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JEAN-MICHEL CASSE, Senior Vice President, Operations, AccorHotels India spoke to BW Hotelier on AccorHotels’ plans for South India at the launch of Grand Mercure, Mysore, Accor’s 38th hotel in India.
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THE CHIEF Minister of Andhra Pradesh, Nara Chandrababu Naidu laid the foundation stone of the 144-keys upscale hospitality destination in Guntur, which will be called the ‘My Fortune, Guntur’ and is a part of ITC’s hotel group
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AccorHotels announce this week that it has cleared all antitrust approvals in relevant jurisdictions, satisfying one of the closing conditions of the pending acquisition of Fairmont Raffles Hotels International.
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