The decision to sell the complex has arisen due to its substantial debt burden, which amounts to ₹1000 crore. This transaction is anticipated to invigorate the company's retail expansion ambitions, as indicated by an undisclosed source.
Traditionally, hospitality education has been associated with hotels, travel and food – more often than not, the perception is that hospitality teaches you about hotel management and f&b operations. However, education in this field has massively evolved in the past few years.
Lockdown is the only way to contain the coronavirus from spreading and almost all the entire world is now reeling under COVID-19 impact with new cases, deaths being reported every other day. Though an essential requirement to fight disease, the lockdown in the country has had a disastrous impact on the hospitality sector, especially for hotels, hoteliers said.
Out of the upcoming properties, three will be managed by the group while it will own and operate the rest six, he added. "The new properties will be in Greater Noida, Dehradun, Haridwar, Bhimtal, Manali, Rishikesh, Pench and Kanha among others," he said. Asked how the group plans to fund the expansion, he said it will be a mix of debt and internal accruals.
Mumbai: Marriott International Inc, which has opened its second JW Marriott hotel in the city, aims to add 52 more properties in India over 5 years to tap into the growing demand for quality hotels.
Mumbai: Indian Inc expects a 23 per cent increase in hiring next year, according to a survey."Indian employers across the major sectors forecast an overall increase of 23 per cent in hiring outlook for the
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