Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Luxe Russian hotels tap Indian firms to manage properties

Mint Mumbai

|

February 27, 2024

Russia’s top luxury hotels, once managed by Ritz Carlton, Four Seasons and Park Hyatt, are looking at leading Indian hospitality firms to run these properties, after the international brands checked out of the country following its invasion of Ukraine.

- Varuni Khosla

Luxe Russian hotels tap Indian firms to manage properties

Russian officials have sounded out Tata group’s Indian Hotels Co. Ltd (IHCL), which operates Taj luxury hotels; and East India Hotels (EIH), which operates The Oberoi hotels, a person aware of the matter said on condition of anonymity. Neither company is keen to pursue the offer, the person added.

Queries emailed to IHCL and EIH remained unanswered till press time.

Once Western hospitality chains like Marriott International and Hyatt Hotel Corp. left Russia in the wake of sanctions, the luxury properties in Moscow and St. Petersburg disappeared from their international networks, cutting out the hotels' global distribution system or online booking reach and management expertise.

There are also other luxury hotels under construction, which now need branding and global distribution. A third category of mid-scale properties in other parts of the country also need hotel operators.

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

Export sops for tariff-hit MSMEs by next week

The government plans to announce support measures under the Export Promotion Mission as early as next week for small businesses struggling to absorb 50% US tariffs, according to Union commerce minister Piyush Goyal.

time to read

2 mins

November 26, 2025

Mint Mumbai

Rural recovery, low base to fuel Q2 GDP

Policy transmission, festival season inventory too aid growth

time to read

2 mins

November 26, 2025

Mint Mumbai

1st privately built PSLV near lift-off

India's first privately built polar satellite launch vehicle (PSLV) is expected to have its maiden commercial flight before the end of the financial year, marking a giant leap in the country’s ambition to foster a private space economy.

time to read

3 mins

November 26, 2025

Mint Mumbai

Israel to relocate Jews from northeast

Israel’s government has approved a proposal to bring all the remaining 5,800 Jews from India’s northeastern region, commonly referred to as Bnei Menashe, over the next five years.

time to read

1 min

November 26, 2025

Mint Mumbai

Export sops for tariff-hit MSMEs by next week

The government plans to announce support measures under the Export Promotion Mission as early as next week for small businesses struggling to absorb 50% US tariffs, according to Union commerce minister Piyush Goyal.

time to read

2 mins

November 26, 2025

Mint Mumbai

IndoSpace Core acquires six logistics parks for over $300 mn

IndoSpace Core, a joint venture between the Canada Pension Plan Investment Board, or CPP Investments, and IndoSpace, has acquired six industrial and logistics parks valued at over $300 million.

time to read

1 min

November 26, 2025

Mint Mumbai

Businesses mustn't wait for a global climate consensus

This year’s United Nations climate summit in Belém, Brazil, ended last week. Countries made promises on paper and avoided hard decisions. Having gathered nearly 200 nations to chart out climate action, CoP-30 produced a ‘Belém Political Package’ that deferred questions rather than answer them. We should not pretend that this is progress.

time to read

3 mins

November 26, 2025

Mint Mumbai

Husk Power aims to raise $400 mn

Husk Power Systems, the world’s biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue 10-fold by 2030 and prepare for an initial public offering (IPO).

time to read

1 min

November 26, 2025

Mint Mumbai

Don't make AI models but make the most of what exists

Earlier this year, Amazon announced that it was eliminating 4,000 management positions because artificial intelligence (Al) tools had rendered those middle-management roles redundant.

time to read

3 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

The Federal Reserve’s tool for calming short-term funding markets is being tested

The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets.

time to read

3 mins

November 26, 2025

Listen

Translate

Share

-
+

Change font size