Indian Hotels Signs 35 Properties, Opens 12 New Hotels in H1FY25
By Rediff Money Desk, New Delhi Oct 03, 2024 17:26
Indian Hotels Company reports signing 35 properties and opening 12 new hotels in H1FY25, expanding its portfolio to 345 properties. The company also highlights its international growth strategy with new signings in Bhutan and Bahrain.
New Delhi, Oct 3 (PTI) Indian Hotels Company on Thursday said it has signed 35 properties and opened 12 new hotels in the first half of the ongoing fiscal, taking its total portfolio to 345 properties.
The company has a pipeline of 115 hotels in H1 FY 2025, Indian Hotels Company (IHCL) said in a statement.
"Capturing the buoyancy in the travel and tourism sector, IHCL has demonstrated accelerated growth with a record 35 new signings in the first half of this fiscal year," IHCL Executive Vice President - Real Estate & Development Suma Venkatesh said.
In line with the company's international growth strategy, it extended a presence in the Indian subcontinent and the Middle East with signings in Bhutan and Bahrain, she added.
***
UPS launches healthcare-focused cross-docking facility
* Logistics operator UPS on Thursday said it has launched specialised healthcare-focused cross-docking facility in Hyderabad.
The pharma-grade facility comes with global freight forwarding capabilities with advanced temperature control capabilities, ensuring that sensitive products are always stored and transported within their required temperature ranges preserving their efficacy and safety, the company said.
Providing an additional layer of security for temperature-controlled pharmaceutical shipments, it has a capacity to hold or sort 15 pallets in +15 degree Celsius to +25 degree Celsius, seven pallets in +2 degree Celsius to +8 degree Celsius and 50 pallets under uncontrolled ambient conditions, UPS said, adding that this enables pharma companies to distribute their products more efficiently, eliminating the need for prolonged warehouse storage.
The company has a pipeline of 115 hotels in H1 FY 2025, Indian Hotels Company (IHCL) said in a statement.
"Capturing the buoyancy in the travel and tourism sector, IHCL has demonstrated accelerated growth with a record 35 new signings in the first half of this fiscal year," IHCL Executive Vice President - Real Estate & Development Suma Venkatesh said.
In line with the company's international growth strategy, it extended a presence in the Indian subcontinent and the Middle East with signings in Bhutan and Bahrain, she added.
***
UPS launches healthcare-focused cross-docking facility
* Logistics operator UPS on Thursday said it has launched specialised healthcare-focused cross-docking facility in Hyderabad.
The pharma-grade facility comes with global freight forwarding capabilities with advanced temperature control capabilities, ensuring that sensitive products are always stored and transported within their required temperature ranges preserving their efficacy and safety, the company said.
Providing an additional layer of security for temperature-controlled pharmaceutical shipments, it has a capacity to hold or sort 15 pallets in +15 degree Celsius to +25 degree Celsius, seven pallets in +2 degree Celsius to +8 degree Celsius and 50 pallets under uncontrolled ambient conditions, UPS said, adding that this enables pharma companies to distribute their products more efficiently, eliminating the need for prolonged warehouse storage.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Jaiprakash Power Ven
- 20.12 (+ 4.96)
- 60298865
- Vodafone Idea L
- 9.87 ( -3.05)
- 51345961
- RattanIndia Power
- 16.90 (+ 4.90)
- 35505535
- Evexia Lifecare
- 3.98 (+ 0.76)
- 34274666
- Spicejet Ltd.
- 65.58 ( -3.74)
- 29076648
MORE NEWS
ICICI Bank & MakeMyTrip Launch Travel Credit Card
ICICI Bank and MakeMyTrip have partnered to launch a co-branded credit card offering...
Rajasthan to Attract Rs 5 Lakh Cr Energy...
Rajasthan is set to receive Rs 5 lakh crore in energy investments over the next 5...
Sports Tech Firm str8bat Raises USD 3.5 Million
Sports technology company str8bat secures USD 3.5 million in funding led by Exfinity...