26 Apr '13, 3am

MT “@RMantri: It takes 125 clearances to open a hotel in India, 25 in Singapore. Don't forget innumerable bribes!

MT “@RMantri: It takes 125 clearances to open a hotel in India, 25 in Singapore. Don't forget innumerable bribes!

n 2008, when INSEAD’s Gabriel Szulanski wrote his case study around the Taj hotels’ acquisition of The Pierre, a marquee property in the heart of Manhattan, little did he realise just how prescient he would turn out to be. The case study delved into the group’s dilemma on whether to expand in the US market. Since 2004, the Taj had been on a roll. In its home market, rooms were in short supply. Its rack rates were at an all-time high. Indian Hotels Company (IHCL), the firm which owns the Taj brand, had chalked out an ambitious plan to buy assets at peak valuations in India and around the world. IHCL had ended the financial year 2008 with an operating profit of around Rs 1,000 crore. In fact, 2008 was the best in 41 years for the global hotel industry. Hubris was high, markets were at their peak. The Pierre had seemed like a perfect fit. Overlooking Central Park, it had host...

Full article: http://forbesindia.com/article/big-bet/raymond-bicksons-r...

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Visit To India Toilet:

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timesofindia.indiatimes.com 26 Apr '13, 4pm

NEW DELHI: The doctors, who were part of the medical team attending to the December 16 gang rape victim, told a fast-track...

Is this the most expensive suite in India?

Is this the most expensive suite in India?

aluxurytravelblog.com 17 Apr '13, 9am

Is this the most expensive suite in India? By Madeleine Hann on Apr 17, 2013 in Accommodation , Asia , Hotels , India , Re...