FRHI Hotels & Resorts Introduces Neqta Hotels

FRHI Hotels & Resorts has joined hands with China’s leading real estate developer, Jiangsu Golden Land Group, to announce the debut of Neqta Hotels, a new lifestyle brand and hotel portfolio which will comprise upper mid-scale hotels in some of the most in-demand destinations across China. Neqta Hotels aims to be a contemporary hotel brand that will appeal to tech-savvy travelers and is targeted in particular to the millennial business traveler in the 22 to 40 age demographic. The inaugural hotel under the Neqta flag opened on January 21, in Shanghai’s Xuhui District, in vicinity of the World Expo site. A second hotel opening is expected to follow in Nanjing soon. Operated by FRHI, Neqta will be marketed apart from FRHI's collection of Fairmont, Raffles and Swissôtel brands. 

Taj Hotels Resorts and Palaces Announces Opening of Taj Santacruz, Mumbai

Taj Hotels Resorts and Palaces announced the opening of its luxury hotel, the Taj Santacruz in Mumbai.  Located outside the domestic terminal of the Chhatrapati Shivaji International Airport, the hotel features 279 rooms, of which 141 rooms are presently operational and the remaining are expected to open by 31st March. The property also features three restaurants, a bar and lounge, a spa, a swimming pool, a fitness centre, and over 16,000 square feet of meeting space. This property is now the fourth hotel of the Taj group in Mumbai.

Kata Group Appoints Accor to Manage Resort in Koh Samui

Kata Group has appointed AccorHotels to manage the former Kandaburi Resort and Spa. Located on Chaweng beach, the 181-room resort will be rebranded as the Novotel Samui Resort Chaweng Beach Kandaburi. The resort features three restaurants and bars, two swimming pools, and a spa. According to Pramookpisitt Achariyachai, Kata Group Resorts’ Founder and President, “Koh Samui is a very competitive market and we are confident that the reputation of the Novotel brand combined with AccorHotels’ global distribution channels will help raise the profile and prosperity of the property for many years to come. We will continue our strategy of partnership with international brands as well as operating our own brands, such as ‘Beyond’, as we grow our presence in Thailand and support the country’s thriving tourism industry.” Kata Group owns six upscale resorts in Southern Thailand, five of which it operates.

AccorHotels Opens Second ibis Hotel in Chennai

French hotel major AccorHotels has opened its second 'ibis' branded budget property in Chennai. The hotel is also the group’s third property in Chennai, after the ibis Chennai SIPCOT and Novotel Chennai SIPCOT, and the 12th ibis in the country. Located in the heart of the city, the hotel offers 155 guestrooms, a restaurant, a lounge and bar area, and two meeting rooms.

Marasa Sarovar Premiere Hotel Opens in Tirupati, India

Sarovar Hotels & Resorts, along with the Madhvani Group, opened the Marasa Sarovar Premiere in Tirupati. The hotel features 121 rooms, two specialty restaurants, a bar, a health club, a swimming pool, Buddha Spa, and two boardrooms and a banquet hall measuring 3,155 square feet. Located in the state of Andhra Pradesh, the temple town of Tirupati is amongst the top religious destinations in India.

2016 China Hotel Investment Conference (CHIC) to Focus on ‘New Era, New Opportunity’

Hosted by HVS and co-hosted by China Tourism Academy and Beijing International Studies University, the 12th Annual China Hotel Investment Conference 2016 is scheduled to be held on 11-12 May 2016 at the JW Marriott Shanghai Tomorrow Square. The conference this year will focus on ‘New Era, New Opportunity’. Last year, the event brought together close to 450 distinguished delegates from across 12 nations, who exchanged strategic thoughts and discussed significant trends prevailing in the industry. Over the years, CHIC has established its reputation as the most influential hotel investment conference in the region by consistently delivering a wealth of timely market insights that facilitate corporate strategies and growth in the world's second largest economy.
For latest information about CHIC, please visit www.hvsconferences.com

Absolute Share Price Performance, as on 21 January 2016