NDMC will decide whether the Taj Group will continue to run the property on re-negotiated financial terms or if the property will be auctioned, inviting bids from other parties ... Read more

Travel taxes, particularly against the aviation industry, risked "severely affecting" the recovery ... Read more

Centre has urged the Supreme Court to allow regulated, low-impact tourist activities in up to 20 percent of the core/critical tiger habitat to promote tourism ... Read more

Tourism Department was also mulling to facilitate hassle-free bank loans to the prospective home-stay providers ... Read more

ITC recently launched its 600-room ITC Grand Chola. Hotel Leela with 320 rooms and Park Hyatt with 201 rooms are set to be inaugurated in October, creating a glut in the industry ... Read more

Companies are slowly but surely becoming conscientious and watchful of their travel expenses, which could be symptomatic of an imminent slowdown; Business Travellers’ Favourites & Wish list revealed in a survey ... Read more

The investment would be Rs 75 lakh to Rs 1 crore per room (for Essence), while investment for Leela Palace will be Rs 1-2.5 crore per room ... Read more

It is to be presented at the 23rd annual Hotel Investment Conference Asia Pacific (HICAP), scheduled for 10-12 October 2012, at the InterContinental Hong Kong. ... Read more

Whitehall, a real estate unit of Goldman Sachs, has 73% stake in the 900,000 sft project which include A hotel , luxury residences, retail and office space ... Read more

The category will be determined on the basis of the area resorts occupy and the revenue they earn; The govt has to submit the new norms to the SC before the next hearing on 27 September ... Read more