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Showing posts with label Star Hotels. Show all posts
Showing posts with label Star Hotels. Show all posts

Sunday, 10 April 2016

17:31

Gujarat: Gandhinagar Railway Station to get grand 450-room hotel

Gujarat: Gandhinagar Railway Station to get grand 450-room hotel

The railways are all set to develop a grand 450-room hotel in Gandhinagar Railway Station that will be on similar lines or even bigger than Delhi's iconic Maurya Sheraton and Taj Palace luxury hotels.
With the Centre's big push for redevelopment of railway stations to generate revenue, Indian Railways has taken the first step in the direction in Prime Minister Narendra Modi's home state, Gujarat. The railways are all set to develop a grand 450-room hotel in Gandhinagar Railway Station that will be on similar lines or even bigger than Delhi's iconic Maurya Sheraton and Taj Palace luxury hotels.
Railway officials said the proposed hotel at the railway station would be the first of its kind in India and abroad. The idea is to tap railways' resources to generate maximum revenue. The Indian Railway Station Development Corporation (IRSDC), a joint venture of IRCON and Rail Land Development Authority (RLDA), has been assigned the task of developing two world class railway stations in Gujarat. The other station is Surat, where railways will be developing a multi-modal transportation hub.
The IRSDC will be inviting global players to develop the hotel at Gandhinagar Station. Senior officials said a pre-bid conference was held last month while another conference will be held on April 11, following which the bidding process will formally start. "So far several private players have expressed keen interest in the project. It will be a 400-450 room hotel that will essentially cater to the large number of visitors coming to Mahatma Mandir and Helipad Exhibition Centre, the two convention centres in Gandhinagar," said SK Lohia, Chief Executive Officer, IRSDC.
Sources in the Railway Ministry said significance of the project can be gauged from the fact that the development is being monitored by the Prime Minister's Office. Fortnightly meetings are being held at the Chief Secretary level in Gujarat to keep the project on fast track, they said. The last date for submission of Expression of Interest (EoI) is April 22. "The status of the project was also assessed by the Chief Secretary of Gujarat. The draft MoU is under approval of the authority," officials said.
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Wednesday, 8 July 2015

09:37

Ixigo brings its vast data base into play to predict chance for waitlisted rail passsengers

Ixigo brings its vast data base into play to predict chance for waitlisted rail passsengers

New Delhi:  Leading mobile travel  player Ixigo  has brought predictive  analytics  into play to help train travellers decide if their  place on the waiting list has a good chance.

With over 1.5 million monthly active users, “Ixigo trains & hotels”, will now get PNR confirmation predictions in addition to information, search & planning tools for train travellers.

For any given train’s wait-listed status, Ixigo is now able to show the near accurate probability with which the ticket will confirm, so that travellers may decide whether or not to book a waitlisted ticket. PNR prediction feature also shows the probability of getting your ticket confirmed if already booked and solves a huge pain area for millions of daily train travellers. Ixigo’s trains & hotels App gives more accurate PNR prediction than all existing PNR prediction services since Ixigo has mined data from over 10 million PNRs over the last two years.

Says Rajnish Kumar, co­-founder & CTO: “Ixigo has always believed in simplifying the lives of travelers and one of the pain areas we wished to solve was to make it easier for train travelers to decide whether they should book a waitlisted seat / berth on a train or not. Over 50,000 PNR status checks and nearly 200,000 train information requests are done on our app every day. This was an interesting big data project and we are happy with the outcome.  Our machine learning algorithms will keep improving the accuracy of the system with every new train PNR tracked inside our apps. We expect to go from the current 90% accuracy to 95% accuracy pretty quickly.”
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09:31

Hospitality & Real Estate Majors see more Greenfield Growth around Metro Rail Corridors in Hyderabad

Hospitality & Real Estate Majors see more Greenfield Growth around Metro Rail Corridors in Hyderabad

Hyderabad: Hospitality and Real Estate majors are renewing their interest in Hyderabad by expanding their keys or setting up greenfield projects in the city after a gap of many years due to political uncertainty over the bifurcation of the State into Telangana from the Andhra Pradesh.  The top multinationals and Indian majors in the Hospitality and Real Estate industry observed that more and more Greenfield Growth is expected to be emerging in and around the three Metro Rail Corridors in Hyderabad. This has fueled with the rapid growth of investments by various Global giants.

The increased interest is primarily attributed to the relatively cheaper real estate costs, well planned Metro Rail corridors, well heeled urban infrastructure, growing floating population with surplus income, proposed Information Technology Investment Region and global giants such as IKEA and Amazon evincing interest to set up large facilities, among others. Importantly the proactive and forward-looking attitude of Chief Minister Kalwakuntla Chandra Sekhar Rao is seen as the prime prerogative for various industry majors to look at Hyderabad as global investment hub.

Hyderabad currently has over two dozen star hotels with leading brands including Taj Hotels, ITC, Marriott, Novotel, Park Hyatt, The Park, Westin, Radisson Blu, Trident, Avasa, Royal Orchid and Green Park, with a total of around 10,000 rooms in 3, 4 and 5-star segments.

ITC, Oberoi, StayWell and Hyatt are among half a dozen hotel brands that are keen to set up new properties with a cumulative capacity of around 1,200 rooms over the next 18-24 months involving around Rs 3,000 crore of investment.

Sandip Patnaik, managing director of the global real estate services firm Jones Lang Lasalle’s (JLL) Hyderabad chapter, attributes “the sudden interest by hospitality players primarily to the political stability, assured power supply, lower entry costs, apart from quicker ap provals by the Telangana government”. Further, he said, increased interest by retail players such as Amazon, Walmart, Metro and IKEA and several information technology and financial services firms to cash in on the urban infrastructure and skilled manpower would drive occupancy ratios of hospitality players.

Real estate services firm Cushman & Wakefield’s Director PR Srinivas said Hyderabad is among the seven top cities that would drive the sector’s growth. The other cities are Delhi, Mumbai, Bengaluru, Chennai, Pune and Ahmedabad. “While the sector could see at least 5% growth this fiscal on a national level, some regional markets like Hyderabad could see much better growths, owing to several advantages.”

Hyderabad is among the few Indian cities that has witnessed improved occupancy levels, according to STR Global Reports, where the city saw occupancy ratios growing healthily to 57% in 2014-15 from 50 per cent a year ago. However, owing to surplus availability of hotel rooms, the market saw its average room rates remaining flat at Rs 4,762, up from Rs 4,677 a year ago.

Hyderabad is the only city in India that has robust infrastructure like Hyderabad International Convention Centre (HICC) to host large global conclaves.
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