Operating revenue, calculated as EBITDA, rose to INR 87.94 crore from INR 78.41 crore a year ago, whereas operating margin contracted 70 basis factors to 55.31 percent. Franchisees are combating Choice Hotels’ attempted takeover of its biggest rival, which Hotels News would create a dominant player within the price range hotel sector. I wish to receive travel news and trade occasion update from Travel And Tour World. Celebrate Easter with your family members in Thailand via Amari’s tempting getaway offers.
- CBRE has been retained because the unique advisor for the sale of a 20-room beachfront boutique hotel, Parking Lot, Commercial Spaces and Land Reserve.
- “I recommend businesses take a glance at their greatest overheads as that is usually where hoteliers can find financial savings.
- The Department of Culture and Tourism – Abu Dhabi collects awards for tourism diversity of UAE capital on the twenty eighth annual World Travel Awards UAE,…
- The hospitality trade is poised for robust progress in fiscal year 2025, with occupancy charges anticipated to succeed in highs not seen in a decade.