Tag Archives: Managing Director

Sarovar Hotels has announced the signing of a new hotel in Ajmer, marking the group’s strong footprint in the state of Rajasthan. The group has signed an agreement for an 88 room hotel, Mittal Sarovar Portico in this old pilgrimage city. Owned by Mittal Dewellers, Mittal Sarovar Portico is Sarovar’s sixth hotel in the state of Rajasthan. The group has three operational hotels in Jaipur, one in Jodhpur and an upcoming hotel in Jaisalmer. Designed as per the brand characteristics of a Sarovar Portico hotel, the property enjoys access to all key tourist attractions and will be offering all modern facilities including an all-day dining restaurant, bar, gym, swimming pool, spa and banquet facilities. The hotel is expected to be operational by October 2019. Commenting on the development, Ajay K. Bakaya, Managing Director, Sarovar Hotels, said, “We are happy to open a Sarovar Portico hotel in this significant city of Rajasthan. With its rich history, Ajmer is an important tourism destination with rising number of visitors from across the country and overseas. It is an important location for us and a significant addition to our portfolio. This hotel equipped with all amenities required by a modern day traveller is set to be one of the finest in town.” Sarovar Hotels is focused on strategic expansion throughout India and Africa. Some of the expected openings this year include hotels in Amritsar, Raipur, New Delhi Mahipalpur, Somnath and Jaisalmer.

Ebix, Inc, international supplier of on-demand software and e-commerce services to the insurance, financial, e-governance and healthcare industries, has announced that one of its Singapore subsidiaries has entered into an agreement to acquire Bengaluru-based Via.com, an omni-channel online travel and assisted e-commerce exchange. The acquisition of Via expands on Ebix’s distribution network to over 224,000 distribution outlets in the South East of Asia, besides offering significant cross selling opportunities for Ebix’s EbixCash Financial Exchange portfolio of products. Under the terms of the agreement, Via was valued at a total enterprise value of approximately $74.9 million. The closing of the transaction is expected over the next few days. The acquisition is expected to be accretive to Ebix earnings immediately. Via has shown growth at a CAGR of 45 per cent over the last three years with over 110,000 distribution outlets and 8000 corporate clients. Its distribution network encompasses over 85,000 agents in India, 14,700 agents in Indonesia, 9,900 agents in Philippines, 600 agents in Singapore and 350 agents in UAE and Oman. Ebix intends to consolidate this acquisition into its Financial Exchange – EbixCash while bringing significant synergies and redundancies to the combined operation. The acquisition of the Omni-channel Business, would further strengthen Ebix’s position in the Financial Exchange market in India, as travel transactions can be one of the key areas of any leading financial exchange, with an estimated user base of 600 million in India alone. Vani Kola, Managing Director, Kalaari Capital said, “Ebix is a logical home for Via, as it complements EbixCash’s financial exchange portfolio perfectly, opening up tremendous cross-selling opportunities on both sides. We are excited about the possibilities this offers for both our customers and …

GMR Hyderabad International Airport Ltd. (GHIAL), Malaysia Airports Holdings Berhad (MAHB) and Malaysia Tourism Promotion Board (MTPB) signed an MoA with a strategic vision to promote tourism from the catchment area of Rajiv Gandhi International Airport, Hyderabad to Malaysia. This tri-partite MoA involves collaborative market research, strategy development, promotional campaigns and marketing efforts with an aim to enhance the visibility of ‘Destination Malaysia’ in Hyderabad. The trend shows that over 100,000 passengers travel between Hyderabad and Malaysia every year; and this traffic has grown by 28 per cent CAGR in the last five years. SGK Kishore, CEO, GHIAL, said, “We are happy to sign this first of its kind MoA between airport operators – GHIAL and MAHB and Malaysia Tourism. This is a strategic initiative, which we have taken up to enhance the outbound tourism from our catchment region to key international destinations to enhance RGIA’s International connectivity and traffic growth.” Datuk Mohd Badlisham Ghazali, Managing Director, MAHB, said, “We are delighted to partner MTPB and GHIAL in this unique endeavour. This mutually beneficial three-way partnership will enhance the visibility of Malaysia’s tourism attractions in Hyderabad and surrounding areas.”  

Global Panorama Showcase (GPS) is all set to present itself to a new city in its next edition—Hyderabad. Harmandeep Singh Anand, Managing Director, GPS, revealed, “We are taking GPS to a new city in 2018 and we will be having GPS Hyderabad from February 8-11, 2018. The venue still needs to be decided. With this new addition, GPS 2018 will be held in a total of eight cities around India.”

Mahendra Vakharia, Managing Director, Pathfinders Holidays, has been declared the DDP Trailblazer at the West India Travel Awards 2017. A travel enthusiast, Vakharia did his hotel management from Mumbai and then went on to help thousands make their dreams a reality. He is also the founder member of the Outbound Tour Operators Association of India (OTOAI) where he is the executive committee member and also the chairman of the western region of OTOAI. He is also the voice behind the mandate that requires all outbound agents to complete at least 25 hours of training a year to retain their active status. His first hand knowledge from personal experience is what helps him make magical itineraries for his customers and it is this self experience before selling a destination that makes him a Trailblazer. .

Mahesh Shirodkar, Managing Director, Tamarind Global has been honoured with the DDP Game Changer award. An industry veteran with 35 years of experience, Shirodkar has been instrumental in shaping the industry from strength to strength. He started his career with Cox and Kings and soon moved to Dubai. Upon his return he set up his own specialised company which was bought over by Kuoni Travels. Post the integration, he took over as the COO of SOTC, the flagship division of Kuoni. His hunger drove him to start his own entrepreneurial venture focusing on MICE, inbound travel, event management and weddings. Conceptualizing and initiating a ‘celebrity management company’ that changed the face of the industry was yet another of his contribution to the trade. He now has 14 offices spanning 5 countries manned by a staff of 350 people.

With over 75 operating hotels across 50 destinations in India and Africa, Sarovar Hotels & Resorts has signed an agreement for a 72-room hotel, Nataraj Sarovar Portico Jhansi. Owned by Nataraj Sai Hotels, Nataraj Sarovar Portico is expected to open in January 2018. With a prime location, the hotel under development has 72 rooms with all-day dining, bar, banquet halls, conference & meeting facilities, swimming pool, gymnasium, salon and rooftop open air banquet space. It is located in the center of city about 2 km from Railway Station. Commenting on the development, Ajay K. Bakaya, Managing Director, Sarovar Hotels & Resorts, said, “We are happy to open a Sarovar Portico hotel in this historic city of Uttar Pradesh. With its significant development and rich antiquity, Jhansi is an important destination with rising number of visitors from across the country. It is an important location for us and a significant addition to our portfolio. This will the best hotel in the city and will cater to the needs of Corporate, Groups, Leisure and MICE.” Some of the expected openings this year include hotels in Amritsar, Raipur, Mahipalpur, Somnath and Jaisalmer.

Observing the immense growth and potential in India’s outbound traffic, The Czech Republic has decided to open its tourism office India. The Czech Tourism India office will be located in Mumbai and will be represented through VFS Global. Present at the opening was Monika Palatkova, Managing Director, Czech Tourism Board, who said, “We have been working with VFS for visa processing since the last two years but it is only now that we decided to open an office in India. In the last five years, the volume of Indian arrivals to Czech Republic has almost tripled and we want to increase this further. From 66,000 Indian tourists that we received in 2016, we have a target to cross 1,00,000 Indian tourists by 2019.” The Czech Tourism India office will be led by Arzan Khambatta, Head, Czech Tourist Authority – Czech Tourism India. The tourism board is currently in the midst of a three-city roadshow – New Delhi, Bengaluru and Mumbai. The delegation consists of 10 sellers from the country, including Prague Airport, who will meet the Indian trade in these cities.

Maharashtra’s Minister of Tourism Jaykumar Jitendrasinh Rawal met H.K Mauder Kakkur, Managing Director, NYC & Company New York, to discuss the prospects of tourism in Mumbai and Maharashtra in order to promote ‘The Brand Maharashtra’ in the City of New York. Vijay Waghmare, Managing Director, MTDC and Aashutosh Rathod, Joint Managing Director, MTDC, were also present at the event.

Hyatt announced today the opening of Hyatt Regency Lucknow, the first Hyatt-branded hotel in Lucknow. Hyatt Regency Lucknow is the 27th Hyatt-branded hotel in India and further expands the company’s brand presence in South Asia. With 206 guestrooms, including 19 suites, Hyatt Regency Lucknow offers elegantly decorated, bright and spacious accommodations. Kurt Straub, Vice President, Operations for India at Hyatt, said, “The opening of Hyatt Regency Lucknow marks a significant milestone for the Hyatt Regency brand as it continues to expand its footprint throughout India.” “Not only is the hotel strategically located for business travelers visiting Lucknow, it is also well positioned for leisure guests who are interested in enjoying a journey through the Uttar Pradesh Heritage Arc of Lucknow, Agra and Varanasi.” “We are delighted to announce the opening of Hyatt Regency Lucknow in the dynamic capital of the largest and most populous state of India. Chartered Hotels Private Limited remains focused on developing full service hotels across tier one and tier two cities in India for the ever growing business and leisure traveler,” said Varun Saraf, managing director, Chartered Hotels. “The hotel’s strategic location along with the food and beverage offerings and large state-of-the-art meeting and banqueting facilities will provide guests with an unforgettable experience which Lucknow has not yet seen.” Conveniently located in the corporate hub of Vibhuti Khand, Hyatt Regency Lucknow is designed to connect business and leisure travelers to all Lucknow has to offer. The hotel is in close proximity to the city’s High Court and multiple public sector head offices, and the Chaudhary Charan Singh International Airport is less than 16 miles (25 kilometers) away. Additionally, landmarks and tourist attractions include Bara Imambara, La …