New Delhi, Dec 18: The domestic hospitality industry is gearing up to make the most of full-fledged Christmas and New Year celebrations this time around after two years of washout by the pandemic, with rooms at many hotels and resorts already sold out. As people seek to make up for the winter holidays lost to COVID-19, destinations like Karjat, Lonavala, Vizag, Dharamshala, Udaipur, Manali and Gir are witnessing good demand, apart from traditional popular places like Goa, Kerala and Shimla. […]
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THE Park hotels eyes profitability in FY21, says Vijay Dewan, Managing Director
January 01, 2021
Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels Ltd×
The Group will spend ₹250 cr to set up 200-room own property at Pune; construction to begin next fiscal
As hotel occupancy rates improve following increased domestic travel, Apeejay Surrendra-run THE Park hotels is looking to turn profitable for FY21. Improved cash flows have put the focus back on expansion plans, through own and managed properties.
Kolkata-based Apeejay Surrendra Park Hotels Ltd (ASPHL) runs four brands under ‘THE Park’ name. This includes the eponymous one, and the others ‘THE Park Collection’, ‘Zone by THE Park’ and the recently launched ‘Zone Connect’. The Group also owns the heritage eatery and QSR chain of Flurys.