In just five years of debuting in India, Costa Coffee has achieved operating profit at the enterprise level. And Santhosh Unni, chief executive officer, says that’s significant considering the various pressures on the Indian retail industry.
Preferred Hotel Group continues its commitment to global expansion and reinforces its Asia Pacific presence with the opening of its Shanghai office. Continuing its quest to provide the most comprehensive support and services to independent hotels and resorts, this will be the company's 31st sales office globally and sixth in the region, reaffirming its dedication to the Chinese market.
Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) has signed a license agreement with The Chatwal New York, an acclaimed 83-room property in Manhattan's Theater District, marking The Luxury Collection brand's debut in New York.