Puri says that these institutes don't match the global standards of education. He is trying to replicate the \"ISB model\" in the hospitality education.

Sarovar Hotels and Resorts is looking to conquer new frontiers after the acquisition by the Louvre Group.

International hotel chains are using a multibrand and asset-light strategy to grow faster.

Marriott wants to control India's hospitality sector with the Starwood acquisition. But, there are many stumbling blocks.

In India, the demand for luxury hotels is limited compared to budget and mid-market segments. Then, for a brand-conscious domestic luxury traveler, Steigenberger Hotels and Resorts is fairly unknown brand.

The Fed is not expected to raise interest rates at the two-day meeting, which begins on Tuesday, but investors will be on the lookout for clues about future hikes.

Samhi, which operates 10 hotels and is developing 16 more, will use the money to grow its portfolio to about 30 to 35 properties, the company's Chief Executive Officer Ashish Jakhanwala said.

It is the story of a successful pivot, from a budget accommodation play to a more premium one where experiences hold the key.

It seems that hotels chains like Taj Hotels & Resorts, ITC Hotels, Hyatt Hotels Corporation, InterContinental Hotels Group (IHG) and Carlson Rezidor Hotel Group will be affected as a result of this multi-billion dollar deal.

The deal will make Marriott a formidable brand in the Indian market. It will be difficult for international and domestic hotel chains to compete with it for several reasons.

The acquisition will create the world's largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph Collection.

In her five years with Wyndham, Deepika Arora, Vice President (International Development) for India, has trebled the number of its hotels to 24, 13 of them in new cities.

Having started with economy hotels in 2005, Ji Qi, Founder of the China Lodging Group, gradually brought in midscale and upscale properties into his portfolio. Growth has been phenomenal, and targets going forward are equally so.

High capital costs, long development time and poor room rates are impacting the return of capital employed (ROCE), making investors impatient and piling on the pressure on hotel operators.

For the foreign hospitality chains looking for easy pickings in a supply-starved nation, India has proved to be an unexpectedly complex market to crack.

The hotelier raised $2.35 billion, trumping the $2.1 billion generated by Twitter's IPO last month, as well as proceeds from IPOs of its competitors.