Dijiwa Retreats, a hospitality management company rooted in Bali’s rich culture, is heralding a new era in the industry with its immersive experiences that celebrate the island’s heritage, people, wellness, cuisine, and stunning landscapes. By embracing authenticity and fostering genuine connections, Dijiwa Retreats invites guests on a transformative journey where every moment holds deep significance.
Minor Hotels, an international hotel operator, plans to expand significantly in India’s growing hospitality market by opening 50 new hotels over the next ten years. The company will focus on the upper-upscale and luxury segments, with a focus on its established brands such as Anantara, Avani, and NH Collection. Minor Hotels has already entered the Indian market with the launch of Oaks Bodhgaya in 2017 and will open the Anantara Jaipur Hotel this year. The company has established a new office in Bengaluru and appointed Vijay Krishnan as Vice President of Operations for India.
IHG Hotels & Resorts has partnered with Refad Real Estate Investment & Development to introduce Hotel Indigo & Residences Al Khobar to Saudi Arabia. Located within the Refad project, the hotel will feature over 200 rooms and serviced apartments, catering to both leisure and business travelers. With a focus on local culture, the hotel will offer distinct dining venues, meeting facilities, and recreational amenities. This strategic addition to IHG’s portfolio reflects their commitment to growth and providing exceptional hospitality experiences in key markets within the Kingdom.
PriceTravel Holding, a leading player in the Latin American travel industry, has been accepted into the Hotel Electronic Distribution Association (HEDNA). This significant milestone underscores the company’s dedication to enhancing efficiency and scalability while solidifying its foothold in the hotel sector.
Journey Mentor, a leading travel-tech company, has appointed Paul Sies as its new President and CEO. With over 35 years of experience in aviation and hospitality, Sies brings a wealth of knowledge to his new role. He has held board and C-level positions across various airlines and travel enterprises, including Cyprus Airways, Air Malta, and Hillman Travel. Sies’ expertise in revitalizing struggling airlines and spearheading innovative new airlines will be valuable to Journey Mentor as the company continues to grow and innovate in the travel-tech sector.
Accor and Alesayi Holding have partnered to establish Abraj Omar Hotel & Residences Makkah – MGallery Collection, a luxurious hotel and residential complex in the heart of Makkah, Saudi Arabia. The development will feature 276 opulent hotel rooms and 214 branded residences, along with a range of amenities including a business center, a state-of-the-art fitness facility and spa, diverse dining options, and a dedicated children’s playground. The hotel, scheduled to open in 2028, is expected to become an iconic destination, showcasing elegance, opulence, and cultural enrichment, while honoring the celestial legacy of Makkah.
Puneet Chhatwal, the Managing Director and CEO of Indian Hotels Company Limited (IHCL), recently shared his insights on the current state and future prospects of India’s tourism sector. He highlighted the country’s unique strengths, such as its rich cultural heritage, diverse landscapes, and warm hospitality. He also discussed the challenges faced by the industry and suggested ways to overcome them.
Indian Hotels share price witnessed a significant drop of over 4% on Thursday following the release of its March quarter results. Despite reporting a 29.36% increase in consolidated profit to 438.33 crore, the hospitality chain’s total expenses also rose, leading to a decline in share value. The company’s revenue increased to 1,951.46 crore from 1,654.54 crore in the same quarter last year. analysts remain cautious, with Angel One suggesting immediate support at 580 and predicting further selloffs if that level is breached. Nuvama Institutional Equities maintains a “hold” rating but raises its target price to 578, valuing Indian Hotels at 26x FY26E EBITDA. Antique Stock Broking also maintains a “hold” rating and a target price of 500, valuing the company at 24x EV/EBITDA on FY26E EBITDA.
Wyndham Hotels & Resorts announced robust results for the three months ended March 31, 2024, highlighting continued progress in execution, openings, franchisee retention, and net room growth worldwide. The company’s global system expanded by 4%, with 1% growth in the U.S. and 8% internationally. The first quarter witnessed a 1% increase in global RevPAR, driven by a 5% decline in the U.S. and growth of 14% internationally. The company generated strong net cash provided by operating activities and adjusted free cash flow, ending the quarter with ample liquidity. Wyndham Hotels also executed $115 million of new forward starting interest rate swaps on its Term Loan B Facility, further enhancing its financial stability. The company’s Board of Directors increased the share repurchase authorization, reinforcing its commitment to returning value to shareholders. These positive results showcase Wyndham Hotels’ ongoing resilience, adaptability, and growth trajectory in the global hospitality industry.
The Global Ambassador hotel, a luxurious destination, combines hospitality, wellness, and culture with cutting-edge technology from SONIFI. Led by Sam Fox, founder of Fox Restaurant Concepts, the hotel features 141 guest rooms designed for residential comfort and adorned with local artwork. SONIFI provides reliable Wi-Fi, interactive TV experiences, and personalized messaging to enhance guests’ stays. The hotel offers a range of wellness amenities, including a spa, fitness center, and outdoor decks. Additionally, five culinary destinations offer diverse dining experiences created by Fox, a James Beard Award nominee. Guests can enjoy premium entertainment options through SONIFI’s STAYCAST solution.
