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What the Hell is going on at EIH? oh wait Reliance just became the largest, again!

First they sell to Reliance, then we at hospemag.com wish them Goodbye, and now this?
read  ITC & EIH to combine hotel biz, become largest hospitality chain


What the hell?

Why would Mukesh Ambani pay so much more than required to keep ITC at bay and then invite them to the dining table?

or was it done to bring ITC on board as a partner and not an acquisition?

According to reports, ITC hotels will be demerged from ITC and merged into a new entity.

WOW! now, Reliance becomes the LARGEST, yes largest hotel chain in India. It does not need to wrestle with ITC, or buy it, the hotels are free from the ITC board and presto, they are market leaders.  Does Reliance like to be the largest? yes it does.  What does it do best? crowd out everybody else.

Should the Taj be worried?

You bet! Reliance creates a decent amount of business within the group itself, that of course will now go no way near the Taj, but also, this means a larger balance sheet for the new entity, more punch in sales & marketing and more reach - read cities, and depth.  With ITC they add budget/economy to the upmarket, upscale Oberois and Trident.

What about Leela? they need funds, so will Taj oblige? will they go the Reliance way too?

Suddenly Nita Ambani coming on the board of EIH doesnt sound that much looney, does it?

ITC & EIH to combine hotel biz, become largest hospitality chain

Diversified conglomerate ITC Group and hospitality major EIH have drawn up a blueprint to combine and emerge as the country’s largest hotel chain by revenues. Once the plan fructifies, it would see a three-way venture between the two groups and Reliance Industries (RIL) which recently picked up 14.8% stake in EIH. Currently, the Oberois hold 32% stake in EIH, while ITC holds 14.98%.

Secrets of Recruitment #1 – Candidates Pay Recruiters

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This is the first in a series of 10 articles on the secrets of recruitment & recruiters. The articles are meant to assist you in your job search, get you jobs faster & make the selection process faster & effective. 

http://www.hospemagjobs.com/articles/secrets-of-recruitment-candidates-pay-recruiters/

Stockholm, Frankfurt lead Europe’s hotel performers in August

The European hotel industry posted mixed results in year-over-year metrics in August, according to data compiled by STR Global.

Panama’s first two Westin Hotels deals announced

>Starwood Hotels & Resorts Worldwide Inc. will debut its Westin Hotels brand in Panama with two new properties slated to open in the next two years. The Westin Playa Bonita Panama will open in 2011, followed by the opening of The Westin Panama Hotel in 2012 in the heart of Panama City's Costa del Este business district.

Accor adds TripAdvisor feed to its hotel sites

Editor | It will not matter what hoteliers or people like me think. 

Training Video | English for Hotel and Tourism: "Checking into a hotel"

English for Hotel and Tourism: "Checking into a hotel"

Editor | It is a little casual and I think we really need to do some Indian Videos (Anyone willing to help?? I will if someone is interested in creating such videos), but having said that, it can be used to train staff and students. I think in most hotel mgt schools, if they get even this much, it should be awesome!

eCornell: Managing People for Success

Find out how to create and maintain a high-performance team by addressing individual needs and building team cohesiveness. Discover how to improve your team's productivity through time and stress management. Learn the secrets of providing phenomenal customer service.

IHG Asia/Pacific Leadership Conference Afternoon Closing Video

Oh Wat Fun!

If your hotel/group does anything fun, please mail it to editor@hospemag.com

New Hotels | Hotel Nikko Wuxi, New Luxury Hotel, Opens In Wuxi, China

http://adf.ly/31649/http://www.hospitalitynet.org/news/154000320/4048465.htmlAL Hotels Co., Ltd. opened Hotel Nikko Wuxi today, a new luxury hotel with five-star-level international facilities and services, offering both Japanese hospitality and local Chinese culture and heritage.

Pullman Dubai MoE opens

Pullman Dubai Mall of the Emirates (MoE), Accor's upscale hotel brand, has opened in Dubai.

Advani Hotels & Resorts (India) sells stake to Delta Corp

According to a report in www.equitybulls.com, Advani Hotels & Resorts (India) Ltd has sold 22,18,400 equity shares of Rs 10 each of its subsidiary Advani Pleasure Cruise Company Pvt Ltd (APCCPL), amounting to 50.99 per cent of the paid-up equity share capital of APCCPL, to Delta Corp Ltd.