Believe me, it’s not... • 2d
The world's largest hotel chain owns zero hotels → yet generates over ₹10,000 crore from India alone. Here's how Marriott turned hospitality into a fee-collection business ⤵️ i). Marriott owns 'virtually nothing' in India. No land, no buildings, no construction risk. ii). Developers (Panchshil, Raheja, SAMHI, Chalet) fund everything: land acquisition, construction, furniture, maintenance → everything. - Marriott runs ops: ⤷Hires and trains all hotel staff, sets room rates, revenue management, marketing, reservations, customer service, tech, etc. In return they receive Base management fee (% of hotel revenue) + Incentive fee (% of profit) + Franchise royalties + Marketing & loyalty system charges. Now India's largest hotel chain by room count (beating even Taj) - a). 150 hotels across 40+ cities b). India revenues likely to have toucher ₹11,500 Cr (2023 was somewhere around ₹9,000) c). 17-brand portfolio covers every wallet: i).Luxury: Ritz-Carlton, St. Regis, JW Marriott, W Hotels ii).Premium: Marriott, Sheraton, Westin, Le Méridien iii).Select-service: Courtyard, Fairfield, Four Points, Aloft d). Scaling beyond metros: 75% of new rooms are Tier II/III cities: Katra, Ayodhya, Varanasi, Guwahati( Religious tourism boom). ⏭️The loyalty moat is massive → 5M Marriott Bonvoy members generate 70% of room-nights.
Entrepreneur, buildi... • 5m
This startup from Patna, Bihar will revolutionize the direct hotel booking industry. I'm talking about direct hotel booking. cyty(dot)in, a community driven platform for hotels to connect directly to the travellers - Eliminating middleman. What cust
See More•
Faad Network • 4m
How can renting an Airbnb give you Rs 7 lakhs with 0 Effort? Let’s break it down: 👇 i) 1BHK rental cost in Goa – ₹25,000 ii) Furnishing, decor & appliances – ₹2.4 lakhs (one-time setup) iii) Maintenance, cleaning & listing fees – ₹30,000 (annual)
See MoreHistory always repea... • 7m
💡 Business Idea: Protective Domes for Public Spaces ☂️ 🤯🚀 The Westin Bayshore hotel in Vancouver has introduced an innovative solution for ensuring the safety of its guests by installing transparent domes over tables and benches. Key Benefits: �
See MoreHey I am on Medial • 7m
We are thrilled to invite you to join the **IHCS Group of Hotels Franchise**, a leading name in the hospitality industry since 2010. With 15 managed hotels, 10 restaurants under the FOFO model, and staffing support for 30+ properties, IHCS is your tr
See MoreIndia’s leading end-... • 2d
India’s leading end-to-end amenities manufacturer for Hotels, Airlines & Luxury Brands Kimirica Hunter is a globally trusted name in luxury hotel amenities, offering thoughtfully crafted personal care collections to some of the world’s most prestigi
See MoreNews on Infrastructu... • 7m
This is the Design of the Eastern India’s First World trade centre in Salt Lake Sector V, Kolkata. It will have a Total Space of 32.3 lakh Sqft, in which a 5 Star Business Hotel will Come Up of 2 Lakh Sqft. Retail Space Will be 3 Lakh sqft. Offic
See MoreDownload the medial app to read full posts, comements and news.