Following the withdrawal of international brands like Ritz Carlton, Four Seasons, and Park Hyatt from Russia after its invasion of Ukraine, the country’s top luxury hotels are seeking partnerships with leading Indian hospitality firms to manage their properties, according to a report by Mint. Russian officials have reportedly approached Tata Group’s Indian Hotels Co Ltd (IHCL), which operates Taj luxury hotels, and East India Hotels (EIH), known for The Oberoi hotels, regarding potential collaborations. However, reports indicate that neither IHCL nor EIH has shown significant interest in pursuing these offers.
The departure of Western hospitality giants from Russia has left…
A significant trend in business hotels is a shift in guest priorities, with a growing emphasis on the overall experience rather than just a place to sleep.
The Japanese hotel industry is changing its strategy, shifting from prioritizing occupancy rates to aiming for higher room rates.
Business hotels are evolving to offer a luxury experience like city hotels, but breaking the perception of being just a place to stay is a significant challenge. As these hotels enhance services to stay competitive, there’s a growing demand for good value for money.
For an example, the Richmond Hotel chain, one of the…