Juniper Hotels, gearing up for a late January or early February IPO, is setting its sights on developing more large-scale luxury hotels in key metro cities like Delhi, Mumbai, and Bengaluru. This strategy is in line with its departure from the mid-market segment, which it has deemed less profitable and increasingly crowded.
The company's CMD Arun K. Saraf, in conversation with Mint, said that in the upper-upscale and luxury hotel categories, the industry has seen a steady average increase in demand of about 10% year-on-year since the early 2000s. But because of a negligible projected increase in supply of new hotels in the luxury category over the next five years, the company is positive that there will be strong growth prospects for it. IPO-bound Juniper Hotels will also look at developing more assets in Goa and Hyderabad with large convention facilities.
Denne historien er fra January 17, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 17, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
What the IPL auction holds for franchises
Player retentions revealed their thinking; now team owners have to make the most of what remains in the purse
Donald Trump has got the driver swing
It looks wild, but President elect Donald Trump is totally in control of his golf swing
Kalonji, the tiny seeds that pack a punch
Here's one ingredient that features in both my kitchen and bathroom cabinet: kalonji.
All you need to know about Gesha
The ultra-smooth, super premium Gesha coffee, with origins in Ethiopia, is winning fans in India
The science and art of menu creation
While seasons, produce quality and creativity are key, it is the patron who decides the success or failure of a menu
Women who travel for wellness
Women dealing with mid-career and mid-life decisions are turning to healing programmes tailored by women
The sound of wellness
Singing bowls. Sound gardens. Silent clubs. A wave of wellness and lifestyle trends and community initiatives are using sound-and the lack of it-to be heard over the constant buzz of a noisy, overstimulated world
A counterintuitive view on education
A book about Shomie Das, principal of three posh schools, serves as a rich distillation of his thoughts on education
The loss of sound in our noisy lives
Sound memory fades faster than visual memory. In a world as rapidly changing as ours, a museum of endangered sounds makes sense
A whole new League
When Arcane first dropped on Netflix, it didn't just break the mold for animated television—it shattered it into shiny fragments, each as intricate as the show's hand-painted aesthetic.
