Today's Traveller Newsletter - Updates 15 November 2024
Today's Traveller
Travel, Tourism, Hotels, Aviation, Food, Lifestyle. PATA Gold Award, 24 years Publication/Portal todaystraveller.net
This fortnight, the Today’s Traveller newsletter turns the spotlight on the dynamic evolution of tourism development, the surge in hotel investments, and the unveiling of new properties shaping the industry landscape. Leading the charge are four standout feature stories, capturing the key insights from the Today’s Traveller Summit 2024.??
We begin with industry stalwarts KB Kachru and Rahul Pandit, who weigh in on India’s untapped tourism potential. Highlighting the need for policy consistency and robust global marketing strategies, they delve into India’s ambitious target of contributing $1 trillion to the economy by 2047. Can aligned policies and strategic efforts make India a global tourism powerhouse, bolstering both employment and economic growth???
The Next Big Wave of Investments in Hospitality unravels the transformative role of private equity and high-net-worth individuals (HNIs) in reshaping the sector. With the entry of visionary real estate developers and nearly 50,000 new hotel keys added over the past three years, the sector is buzzing with optimism. This year’s forecasted 30% surge in transaction values underscores a rapidly expanding horizon.??
Shifting focus, we explore the Changing Dynamics of Hospitality Leadership. In an industry where leaders are now tasked with balancing development, operations, and financial management, the stakes have never been higher. Talent development and navigating complex market dynamics are emerging as pivotal challenges. The question remains—how will hospitality leadership evolve to meet these demands?
On the loyalty front, we dive into the exponential membership growth seen across top hospitality brands. Marriott leads the pack with 210 million members, followed by Wyndham’s impressive 110 million, with Accor and Hyatt not far behind. As consumer preferences shift rapidly, what truly fosters brand loyalty in this age of fleeting allegiances???
This edition also features the latest updates in tourism, hospitality, and aviation. From trending airline news and new route launches to destination development initiatives, Today’s Traveller brings you the most recent and significant updates shaping the industry.??
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Today's Traveller Snippets
Focus Feature
At the Today's Traveller Summit and Awards at the Taj Palace, industry stalwarts KB Kachru, Chairman, Radisson Hotel Group and Rahul Pandit, Managing Director & CEO Advent Hotels International captivated the audience with an intimate fireside chat, packed with stories, insights, and reflections on their journeys through the intricate world of hospitality and tourism.
Investments in Hospitality and Tourism took centre stage at the Today’s Traveller Summit and Awards event at the Taj Palace, New Delhi where hospitality industry visionaries gathered for an engaging and insightful panel discussion.
The Today’s Traveller Summit brought together some of the brightest minds in Indian hospitality leadership, focussing on the future trajectory of the sector.
The Today’s Traveller Summit and Awards, held on August 23, 2024, at Durbar Hall, Taj Palace, New Delhi, commemorated its 27th anniversary with a powerful discussion on "Building Brand Loyalty: Driving Growth in a Competitive Market."
News
At PHDCCI Wedding Tourism Summit & Expo, Tourism Minister said, "Wedding tourism can add $1 trillion to Indian economy".
Heritage Village Resort and Spa recently hosted an exclusive evening for senior travel industry members, a gathering that celebrated partnerships and showcased the resort’s latest stunning renovations.
InterGlobe’s new lifestyle hotel brand in Europe, Miiro, continues its expansion?with the addition of The Mansard, Gstaad, to its growing portfolio.
IHG? Hotels & Resorts has announced the signing of a management agreement with Adyar Gate Hotels to develop InterContinental Kodaikanal Resort.
Air India Group has completed the operational integration and legal merger between Air India and Vistara, creating a full-service carrier of scale and marking a significant milestone in the post-privatisation transformation journey.
Accor's growth?in Asia securing 27 hotel signings and 8,117 keys year-to-date.
SAMHI Hotels Limited has announced its unaudited Standalone and Consolidated results for the quarter and half year ended 30th September 2024.
BLS International Services Limited has announced its consolidated financial results for the quarter and half year ended 30th?September 2024.
Indian Hotels Company (IHCL) has announced the signing of its 100th Ginger hotel with an 85-key property in Lucknow, Uttar Pradesh.
IHG Hotels & Resorts has announced the signing of a management agreement with Peachery LLP to launch Holiday Inn Ujjain.
Accor has announced the signing of Novotel Tirupati and ibis Styles Tirupati, a new cluster hotel in India’s pilgrimage destination of Tirupati.
TreeHouse Hotels & Resorts has announced the launch of hi-way MOTELS, the latest addition to its brand portfolio encompassing The Luxury Villa Collection, TreeHouse Exotic, TreeHouse, Nest by TreeHouse, and now hi-way MOTELS.
Indian Hotels Company (IHCL) has announced its partnership to expand the iconic Claridges brand with the signing of a management contract for the landmark hotel ‘The Claridges, New Delhi’, commencing April 2025.
Dusit Hotels and Resorts, has entered into a strategic hotel management agreement with Shravanthi Hotels and Resorts Private Limited, a prominent developer of luxury hotels and resorts in India, to operate?Devarana Sakleshpur, Karnataka – A Dusit Retreat.
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Air India Group has announced a number of management changes occasioned by the merger of Air India and Vistara scheduled for 12 November 2024.
SAMHI Hotels Limited has announced the addition of a new hotel to its portfolio by signing a long-term variable lease for an Upper Upscale hotel of 170 -175 rooms in Hyderabad.
Indian Hotels Company (IHCL) has announced the opening of La Estoria, Goa - IHCL SeleQtions.
With a strategic focus on strengthening its presence in the country's leisure towns, Radisson Hotel Group (RHG) has announced the opening of Namah Nainital, a member of Radisson Individuals Retreats.
Hyatt Hotels Corporation has announced that a Hyatt affiliate has entered into a management agreement with Veda Hospitality Private Limited, a part of the Golyan Group Limited, for Hyatt Regency Lumbini.
Resorts World Cruises had arrived in Dubai with the Resorts World One commencing her first sailing from 1 November 2024 onwards.
KiyaAI, India's leading fintech company providing technology solutions across 56 countries, is set to revolutionize spiritual tourism through its metaverse platform, Bharatmeta.
Saudia, the national flag carrier of Saudi Arabia, has reported significant growth in its operational performance for the third quarter of 2024, according to its latest performance report.
Goa Tourism’s participation at ITB Asia 2024 has proven to be a successful endeavour, marked by strategic dialogues, high-profile visits, and extensive global networking.
Hilton has announced the signing of Hilton Garden Inn in Whitefield, Bengaluru, marking a significant milestone in the company’s growth within “India’s Silicon Valley”.
Indian Hotels Company (IHCL) has announced the opening of Yarkay, Thimphu - IHCL SeleQtions in Bhutan.
The Fern Hotels & Resorts has announce the opening of The Fern Residency, Bodhgaya, Bihar.
CGH Earth Saha has announced the opening of Mansao?Curtorim, the latest addition to its burgeoning villa and bungalow holiday collection.
Indian Hotels Company (IHCL) has announced the signing of a resort in Ayodhya, Uttar Pradesh. This greenfield project will be under the Gateway brand.
Hilton has announced the signing of its flagship brand, Hilton Hotels & Resorts in Udaipur, with Hilton Udaipur, marking its debut in the iconic ‘City of Lakes’.
UNESCO accepted the Madhya Pradesh Orchha dossier for nomination for 2027-28 by the Tourism Board to include Orchha in the UNESCO World Heritage List.
RHG has announced the signing of its sixth hotel in Bengaluru - Radisson Hotel Bengaluru Aerospace Park.
Sterling Holiday Resorts has announced its second resort in Pench, on the Maharashtra side of the Pench wildlife sanctuary.
Sarovar Hotels has announced the grand opening of Golden Tulip Vagator, a stylish retreat located in the heart of North Goa.
Indian Hotels Company (IHCL) has announced the signing of a resort in Prayagraj in Uttar Pradesh.
ITC Hotels opens the fifth dining establishment of its ground breaking and pioneering brand in reinvented Southern Indian cuisine mosaics ‘Avartana’ at ITC Maurya, New Delhi.
The Fern Hotels & Resorts has announced the signing of a new property on the picturesque Willingdon Island in Kochi.
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