Consultation India - Pune, Mumbai Real Estate/ Properties Investment, Property Management Services

NEW DELHI: Banking on growing domestic tourism, foreign tourist arrivals, airline passenger numbers as well as muted supply growth, hotel chains and sector experts predict 2018 to result in better room revenues and profit margins than in the year that just ended.  The past year saw the start of an uptrend in the , but was also marked by multiple challenges like curbs on liquor sale and the rollout. With these issues behind them, hotel operators expect business growth to pick up momentum in 2018.  Demonetisation and the ban on liquor sales within 500 meters of highways had affected MICE (meeting, incentive, conference and exhibition) activities and the food and beverages segment, said Pavethra Ponniah, vice president at ratings firm ICRA. “As active supply pipeline — especially the hotels which are nearing completion — is still narrow across most cities, we expect the industry growth to pick up significantly starting financial year 2019. By then, domestic demand would have fully rec

Pune: After launch of Conrad by Hilton, Marriott Suites & Crowne Plaza, in 2016; Ritz Carlton will make its debut next year. That Pune has emerged as the fastest growing IT hub and now a start-up centre as well is known; what is not is that the city is also seeing the entry of premium global hospitality bra nds. In the first six months of 2016, Pune has seen at least four new properties coming up. Earlier this year, Pune marked the debut of Conrad brand from Hilton Worldwide. Crowne Plaza launched its brand, while Marriott Suites began opened a new hotel here this year. Ritz Carlton is expected to make its debut in the city next year. According to a study by ICRA, the city currently has a total luxury room inventory of 4,800, a number that is expected to go up by another 1,100 by the end of this fiscal  year. “The national occupancy rate is around 62-64 per cent, Pune reported occupancy of about 67 per cent in FY2016, following 58% in FY14 and around 61% in FY15.  When the indu

New Delhi: India has leapfrogged 23 places to the 77th rank in the World Bank’s global Ease of Doing Business rankings, a feat which is likely to boost the government’s reform credentials and raise the country’s attractiveness for investors. The report released lists India and China as the two large economies which are among the 10 biggest reformers among 190 countries. New Zealand, Singapore and Denmark were on top of the list. Among the BRICS countries, Russia and China were ranked higher. The sharp jump in India’s ranking is largely driven by feedback from stakeholders who say it is now significantly simpler to get construction permits and ship goods across the country’s borders as well as reforms in other regulatory and process approvals. The latest rankings will bolster the BJP government’s reform record and comes at a time when the government has been battling criticism on the economic front amidst a weak currency, widening current account deficit and choppy financial

Pune: Business and political leaders from both India and China on Saturday pushed for more trade ties and investment by both countries due to global trade wars and unstable commodity prices, with the Indian leaders plugging for investment in Maharashtra. The leaders, including state tourism minister Jaykumar Rawal, members of the diplomatic corps of the Chinese government, and officials from the Maharashtra Industrial Development Corporation (MIDC), besides industry captains from the region, spoke at the Seventh China-India Forum at a star hotel near the airport. Union commerce minister Suresh Prabhu also spoke briefly through a video link, on exports of rice and medicines to bridge the trade deficit, which is skewed heavily in favour of China. The representatives also signed four MoUs at the forum, including a film production and distribution deal, as well as an environmental conference between Indian and Chinese representatives. The Chinese delegates praised the burgeonin