Several hotel groups are planning to open resorts across India, since such resorts cater to more audiences than a simple single property says M Balaji - CEO, Clarks Exotica Convention Resort and Spa, Bangalore
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Under the terms of the agreements, AccorHotels would initially sell 55 percent of AccorInvest to Sovereign Funds, namely the Public Investment Fund (PIF) and GIC, Institutional Investors, namely Credit Agricole Assurances, Colony NorthStar and Amundi, and other investors.
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Currently present in three locations viz. Kamalapura Palace in Hampi, Kuruba Safari Lodge in Kabini and Chikkana Halli Estate in Coorg, the brand is planning to expand its footprint outside Karnataka.
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Ritesh Agarwal, Founder and CEO, OYO spoke to BW Hotelier about his plans for the year 2018.
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Five years down the line, Cygnett is planning to open over 103 Hotels throughout 75 cities across South Asia and India.
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Cygnett Park Di-Arch Lucknow is the closest hotel from Airport and in the business hub- Transport Nagar and has recently entered the Lucknow market. With just 500-600 rooms in branded four to five star category till 2016 to almost 1200 rooms by the end of 2017 Lucknow has come up big way on the map of Indian hospitality industry.
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The newly launched Club Marriott programme will be granting its members exclusive access to a diverse assortment of hotels that will furnish locally relevant benefits and dining options. As Club Marriott members, the guests will have easy access to a range of select hotel facilities and also be entitled to lucrative discounts over fine dining and accommodation at the participating hotels across APAC countries.
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Linda Lewis, Vice President Global Sales Middle East & APAC, Jumeirah Group, speaks on the new properties, tie-ups and India as source market.
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