Indian
Hotels can compete on its own, says Ratan Tata
Afternoon
September 6, 2003
Just
three hours after Hilton International, the oldest
and best known hotel brand in the world, checked
in through a strategic alliance with East India
Hotels (EIH) Ltd., Mr. Ratan Tata, chairman, Indian
Hotels, the country’s largest hotel chain, said
that his company did not need to join a Hilton
or any other brand because “ we feel we can compete
on our own.”
Speaking at the company’s AGM on Thursday, Mr.
Tata said that the company was open to sales and
reservation alliances in select markets abroad.
However, there were no plans of any co-branding
exercise and the Taj Group will continue to manage
and operate its hotels.
On the Oberoi-Hilton tie-up, Mr. Tata said, “Personally,
I don’t think it will impact us in any significant
way”.
The Taj Mahal hotel in Mumbai, the flagship property
of the Taj Group, is likely to be rename as Taj
Mahal Palace and towers. In another interesting
exercise, Tata Motors will be introducing customised
cars under Indigo and Safari brands for the Taj
customers. The cars will have facilities such
as mini refrigerators and leather seat covers,
among other accessories.
From the present 52 domestic hotels and 12 abroad,
the numbers was expected to raise to 52 domestic
hotels and 18 properties abroad by the year 2005,
said Mr. Raymond Bickson, managing director, Indian
Hotels.
As part of its restructuring exercise, the company
is planning to sell its underperforming properties
and idle assets. Meanwhile, it is planning to
spread its wings in South-Africa. US and Asian
markets like China and Russia
If franchisee-led expansion could lead to a coffee-shop
revolution, will the formula work in case of vending
machines?
|
|