Conglomerate ITC Ltd on Tuesday said it expects to have up to 60 new hotel properties operational in the next 3-4 years as it expands to tap the growing potential of the Indian hospitality sector.
The company, which currently has about 40 hotels at various stages of construction, said it will start work on another 15-20 new in the next one year.
“So in the next 3-4 years ITC will have up to 60 new properties operational,” ITC Ltd Chief Executive Hotels Division Nakul Anand told PTI on the sidelines of Hoteliers’ Conclave here.
Asked about investments on the new projects, he said: “It is difficult to quantify as it will vary from property to property.”
Anand also declined to specify the total number of rooms that could be added with the new properties saying: “Room capacity will vary from 40-60 to up to 600 depending on the type of property.”
ITC Chairman Y C Deveshwar at the firm’s AGM in July had stated that the Indian hospitality sector offered investment opportunity of up to Rs 9,000 crore in next 7-10 years.
“At conservative estimates, India needs 50,000 rooms in the next two-three years. This sector, too, carries an investment opportunity of up to 9,000 crore innext 7-10 years to fuel growth,” Deveshwar had said.
Of this, ITC would prefer to invest in high-end, seven- star super luxury hotels, although it was not averse to investing in the Fortune chain of hotels, he had said.
ITC operates its hospitality business under the ITC- Welcomgroup, which has properties under the brands — ITC Hotels Luxury Collection, WelcomHotels, Fortune Hotels (budget hotels), and WelcomHeritage (chain of palaces, forts, havelis and resorts).
It has over 100 hotels at over 80 locations in India.
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Escape Cinemas Chennai inaugrating by Sathyam Cinemas today on August 23, 2010 at 10.00 am at Express Avenue which was Sathyam Cinemas new Multiplex in Express Avenue Known as “Escape” where Ticket reservations/ online booking/ reservation available at escapecinemas.com.
Blush, cloth, spot, streak, plush, Marco, Carve and comets are the names of screen theaters of Escape. Escape Cinemas Chennai provides facilities such as Wi-Fi, library, home theater, cinema undertaker, games room, cafeteria and dining room for cigars. The film is filled with the number two digital projectors and two screens resolution. The upgradable K are equipped with loudspeakers to 4 channels of AES pure uncompressed audio processor. The Escape theatre are opened today morning and the ticket price will be available online.
Fuel is the first-ever prepaid movie card exclusive to Sathyam Cinemas now extended its convenience and privileges to Escape. This card allows customers to pay for movie tickets as well as food and beverage at the various points of sale at the multiplex. Additionally, Fuel can be used as a payment option for all remote purchases, such as the website and the call centre. These cards make great gifts! Fuel cards can be re-fuelled at The Window of Escape Cinemas.
Express Avenue:
Architectural Animation
Express Avenue location:
Posted in Movies News Tamil Nadu by .
Senior India batsman Sachin Tendulkar is one of the five cricketers who have been shortlisted for the first LG People’s Choice Award to be given away during the ICC prize distribution function in Bengaluru on October 6.
The other four shortlisted players were Mike Hussey of Australia, Mahela Jayawardene of Sri Lanka, England captain Andrew Strauss and South African AB de Villiers, an ICC release said on Monday.
The award category, which has been included for the first time this year, will be chosen by cricket fans around the world who now have a chance to vote for their favourite player until September 10, the release said.
The leading mobile phones manufacturer, Nokia is all set to unveil its low end dual SIM phones in Indian market. The models called C1 and C2 are slated to launch in upcoming three months.
Nokia C1
Nokia C1 is new most affordable dual sim mobile phone from Nokia which offers two sim connectivity and by simply holding down a key, you can easily switch between SIM cards. Nokia C1 dual sim mobile phone features bright flashlight, FM Radio
and Standard 3.5mm Headphone Jack.
Nokia C1 Mobile Technical Specification:
Dual Sim (GSM+GSM)
GSM 900/1800 MHz
Symbian Series 30 Platform
1.8″ inch TFT 65k Color Display
FM Radio
Torch Light
3.5mm Audio Connector
SMS
Polyphonic Ringtones
500 PhoneBook Memory
Li-Ion 1020 (BL-5C) Battery
Standby battery time of up to six weeks
Weight: 72.9 gm
Nokia C1 will be available in four colors Medium Blue, Red, Light Gray and Sea Green
Nokia C1 Price in India: Approx 2,000/- Indian Rupee (INR)
Posted in India News Technology by .
Aug 10
23
Malayalis celebrate Onam In 2010
A huge flower carpet, Snehapookkalam, has been created using tones of flowers with an aim of getting into the Guinness book of records at Swopnanagari in Kozhikode on the eve of Onam celebrations
Cultural programmes by renowned artistes, adventure sports competitions and colourful processions will mark this year’s Onam celebrations beginning on Monday.
An array of art forms, traditional and popular, will be presented from August 23 to 26.
Keralites today celebrated Onam, their spring festival commemorating the egalitarian Utopia under the reign of mythical King Mahabali when people lived in plenty, prosperity and equality.
Cutting across caste, class and religious barriers homes were decorated with floral carpets to welcome the annual re-visit of Mahabali.
The legend has it that the “Asura’ king Mahabali was banished to the netherworld by Lord Vishnu, who took the incarnation of Vamana the dwarf, under pressure from ‘Devas’, who were jealous of the King’s popularity.
Before going down, the King secured an assurance from Vishnu that he would be allowed to visit his subjects on the Thiruvonam day of the month of Malayalam calendar every year.
Regardless of the soaring prices, the festivities scaled to its crescendo in the last couple of days with towns and villages thronged by men, women and children doing their festival shopping.
A consumer state, most items to celebrate Onam including the flowers were brought from the neighbouring states as Kerala’s domestic production is too little to meet the festival demand.
Bringing relief of the common man, the state agencies organised hundreds of special fares across the state where essentials and vegetables at subsidised rates.
Cultural events, showcasing the best of Kerala’s performing arts were organised in the state capital as well as other cities and towns across the state for a week.
The state officially honoured thespian Kamal Hasan , who was the chief guest at the Onam-Tourism Week celebrations here last night. The actor launched a massive eye-donation campaign in the state.
In rural areas, local youth clubs organised art and sports competitions, as part of revival of folk arts and rural sporting traditions, many of which are on the verge of extinction.
A sumptuous feast, ‘Onasadya’ was another highlight of the day as at most homes the members assembled for their lunch after invoking the blessings of King Mahabali.
Kerala governor RS Gavai, chief minister VS Achtuthanandan and leaders of all political parties greeted Malayalis at home as well as abroad.