Rating agency ICRA today said it expects the Indian hotel industry’s margins to slide to a 5-year low of up to 8 per cent in the second quarter of this fiscal due to decline in revenue per available room, weak July-September and inflation in consumable costs.
Four Seasons Wines flagged off the Four Seasons ‘Gourmet Indulgence’, a pan-India food and wine festival. The Four Seasons gourmet journey will cover seven cities and 90 signature restaurants in a span of 45 days.
Royal Orchid Hotels Limited, a hospitality chain in India, launched Regenta Central Harimangla in Bharuch, Gujarat. With this launch, the hospitality chain continues its focus of entering into tier III cities. Regenta Central Harimangla has 104 rooms to suit the needs of the modern traveller, which include nine presidential suites, six suites, and 51 executive rooms and 38 deluxe rooms. Source
Electrolux Professional opened Demo Kitchen in Bengaluru on September 10, 2013, the second in India within a span of two years.
Li Bai, the Asian Bar and Mekong, the Oriental restaurant have opened at the penthouse on the 37th floor of Palladium Hotel, Lower Parel in Mumbai. Li Bai offers inspired beverages, rare whiskies, premium cigars, wines and beers, and a multi-level cellar and bar with some of the rarest and finest collections of spirits from around the world, a release stated. Source