Lemon Tree Hotels got a nod from SEBI earlier this year for its Initial Public Offering (IPO). Rattan Keswani, Deputy Managing Director, Lemon Tree Hotels, talks about this landmark achievement and what it means for the group.
What are the latest happenings at Lemon Tree Hotels?
There are a lot of exciting things happening in the group. The recent one was the successful IPO; we opened hotels one after the other post that. It continues to be that way in the sense that we have about seven to eight openings due by the end of this fiscal. A fair amount of growth will also be seen in terms of inventory. From a managed piece, there are a few contracts in play. The market is firmer now and occupancies are stable even though it’s summer. Fortunately, Lemon Tree is still at an occupancy of 75-76 per cent, if you look at a pan India performance. Come October, we should be in for better times.
Did the Nipah virus affect Lemon Tree hotels in the South?
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Technology vital post COVID
The recent DDP Digital Conclave titled âThe Post Pandemic Resetâ focused on hospitality and how technology would play a major role in a reset for the post-COVID world.
Local experiences
There will be more challenges along the way. However, COVID-19 has shaped the industry for a better, sustainable and enriching future, says Patrick Taffin, Assistant Dean, SHMS Leysin.
IHE GOES PHYSICAL
Indiaâs one of the largest B2B hospitality expos, the four-day IHE 2021, opens on September 24 at IEML, Greater Noida and will be a 100 per cent âphysical showâ.
FHRAI-IHM GETS NCHMCT AFFILIATION
NCHMCT affiliation FHRAI-IHM has become the first private institute managed by FHRAI to be affiliated with the National Council of Hotel Management & Catering Technology (NCHMCT), Noida.
On the road to recovery
The food delivery market is dominated by Swiggy and Zomato, sharing 85 percent of the total market between them, says the India Food Service Delivery Report 2021.
Focus on feedback
Domestic tourism has emerged as a sustainable segment to watch out for especially in post-pandemic business recovery scenarios, says Pankaj Gupta, General Manager, Holiday Inn Jaipur City Centre.
HOMESTAY IN THE HIMALAYAS
Invoking the grandeur and nobility of the Raj era, Jungle House â a boutique homestay in Shimla, Himachal Pradesh â opens its doors for guests.
Cautiously optimistic
Pinning Raffles Udaipur on Accorâs global map, Kerrie Hannaford, VP â Commercial, Accor India & South Asia talks about raising the bar with immersive hospitality and emotional luxury.
ACQUISITION MODE
Click Hotels by Suba has acquired 35 hotels across 22 new destinations in India. By 2023, the hospitality conglomerate targets to cross 3,000+ rooms.
A complete solution
Built on the airspace of a conventional railway station, The Leela Gandhinagar reflects the vision of modern India, says Jaideep Anand, Vice President and General Manager, The Leela Gandhinagar.
