General Awareness

TOURISM AND HOTEL INDUSTRY AWARENESS - February 2019

Feb 2019

May 26, 2019

Sarovar Hotels to Tap Pilgrim Spots' Market

Sarovar Hotels Pvt. Ltd. (SHPL) is planning to expand its footprint in India's pilgrim spots. It is also keen on stepping up its presence in Africa where it is running two hotels now.
Operating on an asset-light model, Sarovar Hotels has a portfolio of 75 hotels in 50 destinations. The 6,000 keys that it manages, are spread across its three brands — Sarovar Premiere, Sarovar Portico and Hometel.
The company said that its strategic expansion plan for the next three years is to add over 2,000 keys, focusing on tier I and II cities in locations like Dalhousie (Himachal Pradesh), Jagdalpur (Chhattisgarh), Dahisar (Mumbai), Rajahmundry (Andhra Pradesh), Pathankot (Punjab) and in pilgrim spots of Katra in Jammu and Kashmir, Ajmer (Rajasthan) and Bodh Gaya (Bihar).

May 20, 2019

Kailash Mansarovar in UN Shortlist

The UNESCO has included the Indian part of Kailash Mansarovar in its tentative list of world heritage sites.
It was in April that the Archaeological Survey of India, which is under the Culture Ministry, sent the proposal mooted by the Ministry of Environment and Forests to UNESCO.
In the proposal, Kailash Mansarovar is in the mixed category, both as a natural as well as a cultural heritage.

May 02, 2019

OYO to Acquire the @Leisure Group

Hospitality firm OYO has agreed to acquire Amsterdam-based vacation rental company @Leisure Group from Axel Springer for an estimated $415 million (over Rs. 2,885 crore).
The @Leisure Group is a vacation rental company in Europe and manages holiday homes, holiday parks and holiday apartments.

Apr 27, 2019

Sri Lanka Fears Tourism Loss This Year

As per Sri Lanka's the Finance Minister, Sri Lanka fears its lucrative tourism industry could see arrivals drop up to 30%, with losses of $1.5 billion this year, after deadly Easter attacks.
The country could take up to two years to fully recover from Sunday's attacks, which devastated three luxury hotels and three Christian churches and killed 253 people, among them many foreigners.

Apr 25, 2019

SEBI Restrains Hotel Leelaventure

SEBI barred cash-strapped Hotel Leelaventure from selling its four hotels and other assets to Canadian investment fund Brookfield Asset Management till further directions.
In March Hotel Leelaventure Ltd. (HLVL) had announced the sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur, as well as a property to Canadian investment fund Brookfield for Rs. 3,950 crore. It had sought shareholders' approval and the voting is scheduled to end on April 24.

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