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Lemon Tree eyes shared loyalty alliances with global hotel chains

Mint Mumbai

|

December 09, 2024

My expectation is that in the next 4-5 years, 100 million Indians too will start travelling abroad Patanjali G. Keswani Chairman, Lemon Tree Hotels Ltd

- Varuni Khosla

Lemon Tree eyes shared loyalty alliances with global hotel chains

Demand for hotel rooms in India is expected to outpace supply in the coming years. Lemon Tree Hotels is readying itself to leverage its brand identity and capture a more premium pricing. In an interview, chairperson Patanjali G. Keswani said that this growth will be supported by increased discretionary spending on branded hotels across India. Over the past 12 years, Lemon Tree has built more hotel rooms than any other hotel.

Company in India, Keswani said. It is planning to list its subsidiary Fleur Hotels within two years to pare debt, and is also eyeing alliances with international hotel chains for co-branding or shared loyalty programmes in the next five years. Edited excerpts: As the Indian middle class travels more, is there a need for Lemon Tree to have a loyalty programme tie-up with an international chain? Currently, about 26 million Indians travel internationally. Earlier, when Indians travelled abroad, to locations in Asia, they rarely found Indian breakfasts.

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

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Investors expect AI use to soar. That’s not happening

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360 One, Steadview, others to invest in Wakefit ahead of IPO

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India, UAE review trade agreement to ease market access

Officials of India and the United Arab Emirates (UAE) met on Thursday to review how the Comprehensive Economic Partnership Agreement (CEPA) is working, and remove frictions that may be impeding trade between the two nations.

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1 mins

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It's a multi-horse Street race now as Smids muscle in

For years, India’s stock market ran on the shoulders of a few giants. Not anymore.

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Would you like to be interviewed by an AI bot instead?

I don't think I want to be interviewed by a human again,\" said a 58-year-old chartered accountant who recently had an interview with a multinational company.

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Sebi now trains sights on commodity derivatives

Following clampdown on equity derivatives after studies revealed steep retail losses, the stock market regulator is turning its attention to the commodity derivatives segment (CDS).

time to read

2 mins

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Mint Mumbai

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The curious case of LIC's voting on RIL, Adani resolutions

Life Insurance Corp. of India Ltd, or LIC, consistently approved or never opposed resolutions proposed before shareholders of Reliance Industries Ltd (RIL) or any Adani Group company since 1 April 2022, even as it rejected several similar proposals at other large companies, some even part of other conglomerates, a Mint review of about 9,000 voting decisions by the government-run insurer showed.

time to read

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Mint Mumbai

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Refiners, SCI tap Korean giants for local shipyard

Indian Oil, Bharat Petroleum and Hindustan Petroleum are part of the discussions

time to read

4 mins

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Mint Mumbai

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Paint firms strengthen moats as competition heats up

A bruising market-share battle is escalating in India's ₹70,000-crore paints sector, forcing companies to look beyond aggressive discounting and instead strengthen their foothold in key geographical areas while sharpening their product portfolios.

time to read

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Mint Mumbai

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Telcos slam Trai penalty plan for financial report flaws

Trai has proposed turnover-linked penalties for filing incorrect, incomplete financial reports

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