(Reuters) - InterContinental Hotels (IHG.L), the world's biggest hotelier, reported a recovery in the hotel market helped by the return of the business traveller as it beat forecasts with a 22 percent rise in first-half profit.
Close to three years after terror struck Indian Hotel Company Ltd (IHCL's) flagship property in South Mumbai, the hotel is vying to welcome guests and patrons into its Palace Wing on 64th Independence Day. Now, rechristened as The Taj Mahal Palace Mumbai, the Palace Wing of the hotel has started accepting reservations for August 15, 2010 onwards.
According to a PTI report, The Reserve Bank (RBI) said that it will consider allowing corporates in hotel to raise overseas debts beyond USD 100 million, the stipulate limit now. As per RBI notification, it has now been decided to consider applications from the corporates in hotel sector to avail External Commercial Borrowing (ECB) beyond USD 100 million under the approval route, for foreign currency or rupee capital expenditure for permissible end-uses.
When it reopens this weekend, the Taj Mahal Palace hotel, an architectural landmark that has played a critical role in nurturing and housing Indian art, will have restored its more than 300 paintings including those by modern Indian masters such as Vasudeo S Gaitonde and Jehangir Sabavala.
Starwood Hotels & Resorts Worldwide, Inc. announced today that Westin Hotels marks its return to Mexico City with the recent opening of The Westin Santa Fe, Mexico City. Managed under an agreement between Starwood and Heldan Hotels & Resorts S.A. de C.V, The Westin Santa Fe, Mexico City overlooks one of the area's most stunning evergreen valleys with spectacular views of the Popocatepetl and Iztaccihuatl volcanoes.
University of Warwick has conferred Jyotsna Suri, Chairperson and Managing Director of The Lalit Suri Hospitality Group with the Honorary Degree of Doctor of Laws, at a recently held University's Summer Degree Ceremonies in London.
Indian Railways in order to improve the standards of cleanliness and amenities in trains are taking steps. According to a report in ANI, K H Muniyappa, Minister of State for Railways, in a written reply to the Lok Sabha,