ITV

Tag: Hotels

  • ITC records Q4 net profit of Rs 3,817 cr

    ITC records Q4 net profit of Rs 3,817 cr

    New Delhi: ITC Ltd on Tuesday reported a consolidated net profit of Rs 3,816.84 crore for the fourth quarter ended March 2021.

    The cigarette-FMCG-to-hotel major had posted a net profit of Rs 3,926.46 crore during the January-March quarter of the previous fiscal, according to the regulatory filing. The revenue from operations rose to Rs 15,404.37 crore during the quarter under review. It was Rs 12,560.64 crore in the corresponding period of 2019-20.

    However, ITC said its results for this quarter are not comparable with the earlier period as it also includes the revenue of Sunrise Foods, which it had acquired on 27 July last year. “The financial results of the group and ‘FMCG Others’ of the quarter and the financial year ended on 31 March 2021 include those of Sunrise from 27 July 2020 and consequently are not comparable with previous periods,” it said in the filing.

    The total expenses of ITC stood at Rs 10,944.64 crore in Q4 FY 2020-21.

    The sale of cigarettes recorded significant improvement during the quarter under review, while the ITC hotel business was severely impacted by the pandemic. Revenue from its cigarette business rose nearly 14.2 per cent to ₹5,859 crore for March quarter, compared with ₹5,130 crore in the corresponding period. On the other hand, the revenue from the hotel business reported a 38 per cent year-on-year decline to ₹287.77 crore in Q4FY21. Revenue of the remaining FMCG business fell 1.5 per cent to Rs 3,694.8 crore.

    For the full fiscal year 2020-21, ITC’s net profit was at Rs 13,389.80 crore, with a net profit of Rs 15,584.56 crore in FY20. Revenue from operations came in at Rs 53,155.12 crore, compared to Rs 51,393.47 crore in 2019-20.

  • Year-end travel more affordable in 2017: Oyo

    Year-end travel more affordable in 2017: Oyo

    MUMBAI: Oyo hotels has launched its analysis report which reveals that tariffs in its hotels across top leisure destinations in India are six per cent lower this December than last year. This is in line with the company’s mission of making quality living spaces more affordable for travellers. While hotels in a majority of holiday destinations have become more affordable than before, there are some destinations witnessing higher tariffs due to sustained traveller interest and constraints of quality hotels.

    The data indicates that room tariffs have come down in Darjeeling (29 per cent), Srinagar (23 per cent), Kovalam (22 per cent), Lonavala (16 per cent), and Jaisalmer (15 per cent) due to high demand.

    Hill stations witnessed the greatest drop in tariffs, thanks to the emergence of new guest houses and alternate branded hospitality accommodation. Kasauli and Gangtok tariffs are nearly 30 per cent lower, while Dharamshala (-13 per cent), Lonavala (-16 per cent) and Ooty (-10 per cent) are also showed a drop.

    Oyo has done aggressive capacity addition, making hospitality affordable for the masses. The increase in affordability has led to higher occupancies wherein the start-up has created value for its hotel partners. Despite an aggressive pricing model across the network, Oyo has delivered higher-than-industry occupancy of 80 per cent across its network.

    With hotels in 230-plus cities, Oyo is India’s largest hotel network that has recorded more than five million check-ins till date. Backed by its data science and pricing technology, it also identified the most-expensive and most-affordable localities for budget hotels in top travel destinations.

  • TLC HD WORLD presents ‘Hotel Hell’

    TLC HD WORLD presents ‘Hotel Hell’

    MUMBAI: Lifestyle channel TLC HD World is all geared up to present a new series Hotel Hell every Monday at 10 pm. The series features Gordon Ramsay travelling across America in search of horrid hotels and work towards turning them around.

     

    Viewers will see Ramsay sleep on stained mattresses, take cold showers in musty bathrooms and confront hotel ghosts. The series will see him fixing these horrible hotels, awful inns and bed and breakfasts and revamped into beautiful, clean and lively places to stay, to meet a traveller’s expectations.

     

    Ramsay in his own inimitable style will go head-to-head with the owners and staff, raising tension to the maximum capacity. He will take his hospitality reviews to a new benchmark and showcase unexpected results. Gordon will help the hotels to survive in the cut-throat hospitality industry, turning these struggling establishments upside down, from the bar staff to the bedrooms, the receptionists to the room service.

     

    Each episode of the series will showcase Ramsay addressing the problems of upkeep and services to ensure that each guest’s expectations are met. He will endure the hotels at their worst to provide the guests a wonderful experience. While some owners will happily work with Ramsay to improve their hotels, others will retaliate and face the consequences.

  • Finolex Cables Limited Launches LED

    Finolex Cables Limited Launches LED

    MUMBAI : Finolex Cables Limited, India’s largest and leading manufacturer of electrical and communication cables today launched FinoLED- a premium and high quality variety of LED lighting.
    Designed to the highest quality specifications, the FinoLED product range is intended to satisfy the demand and requirement of quality lighting in the industrial, commercial and architectural markets like hotels, restaurants, offices and municipalities, among others.

    Since comfortable and pleasant lighting is a must for certain industries, the LED lights will be an ideal replacement for normal GLS lamps, CFL bulbs and HID lamps.

    The range includes:

    · Retrofit bulb shaped LED in 0.5w Deco in five colours and specifications of 3w, 5w, 7w, 10w, 12w and 14w

    · Indoor Lighting including LED Flat Panel Down lighter

    · LED Slim Tube light fixture in 4w, 10w and 18w

    · Street light varying between 20w to 210w

    · Industrial High Bay Fixtures varying from 45w to 210w

     

    The company has already been manufacturing an entire range of CFL’s & T5 Tubes in their state of art factory based at Urse, Pune.

    Finolex’s CFL’s & T5 are made available Pan India through a strong distribution network under the Brand Name Finoglow.

    Commenting on the launch, Mr. Sridhar Reddy – President, Marketing, Finolex Cables Ltd said “Our intention has always been to take innovation, quality, dependability and safety to the next level. We at Finolex Cables believe that high quality products such as these will revolutionize the lighting industry and help drive the Finolex Group’s growth while providing great value and excellence to our customers.