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-CB Edit Desk In a relief for the hospitality sector, the Delhi government has waived off two license fees for bars in hotels and restaurants that were closed due to lockdown during the second wave of Covid-19 infection in the city as reported by indiatoday. The move will help hotels, restaurants, guest houses, motels and clubs in the city that serve liquor to save money ranging from a few thousand to lakhs of rupees. Delhi went into a lockdown when it was hit by a second wave of Covid-19 infections. All bars in the hotels and restaurants were closed from April 16…

– Press Release Gourmet Garden, the first full-range zero-contamination F&V brand in the country, has announced its latest round of funding of Rs 25 Crores led by Beyond Next Ventures, M Venture Partners, and existing investors Incubate India & Whiteboard Capital among others. Established in early 2019, Gourmet Garden is known for offering the widest range of zero-contamination vegetables and fruits and other curated essential offerings. They stand out on quality and safety owing to their patented naturoponic farming operations, certified organic farming extensions, and a lean 1-day & 2-touch supply chain. Already a leading brand in Bengaluru and Chennai,…

-Ayshwaria Lakshmi (cbedit@imaws.org) A start-up led by women to help support women and men from all walks of life in their kitchen who have less time to cook and want to get the right taste, this initiative gives an instant solution to all their cravings and made cooking easy. “My company Gurukripa foods and products is a franchise partner for Motu Chef Ready to cook dry mixes and Parc Seasonings. In the starting, it was very difficult to place the products and approach the appropriate clients or end customers but then through continuous networking in different parts of the cities…

-CB Edit Desk Hundreds of restaurants across Tamil Nadu are up for sale, and many have shut down in the last three months after the second wave of COVID-19 hit the State. Sources said the data were yet to be collated, and the number would be clear only after the lockdown was lifted completely. But those in the real estate sector said several restaurants in Chennai, Coimbatore, Salem, Tiruchi and Madurai, among other places, had put themselves up for sale. A similar trend was seen last year after the first wave struck. Then, those in the hotel industry said over…

From mid-June 2021 Indian states started easing COVID-19 induced lockdown in a cautious way to get back to normal, from hospitalitynet. As a result, six major metropolitan areas are forecasted to grow by 9.7% in real terms in 2021 and unemployment rate set to decline by 0.9 percentage points over the last year, says GlobalData, a leading data and analytics company. Aditi Dutta Chowdhury, Economic Analyst at GlobalData, comments: “Reduced number of new infection cases, falling positivity rate, increasing availability of hospital beds with oxygen along with faster inoculation process have built the confidence among the policy makers to reopen the…

-CB Edit Desk Three out of four companies in the hospitality sector have faced negative rating actions regarding their credit profiles because of the impact of the pandemic, and the second wave has derailed the industry’s recovery by almost three quarters, according to a report from ICRA.  Being one of the high contact sectors, hospitality has been one of the first and worst-hit sectors because of the pandemic, and the second wave has only added to their woes as it has come at a time when the industry was on its path to recovery.as reported by ConstructionWeekOnline. Since mid-April, the…

-Ayshwaria Lakshmi (cbedit@imaws.org) The ThickShake Factory, India’s first premium thick shake brand, was established in 2013. It became one of the most promising and growing beverage brands. The ThickShake Factory created a space for itself in the niche area of QSR (Quick service restaurant) space with a centralized manufacturing supply, allowing seamless delivery of quality products.  After being in the offline business, the brand is now focusing on cloud kitchens called TTSF Cloud One. It is a delivery-only restaurant that has no physical space for dine-in services. It relies entirely on orders placed through online food aggregators or an online…

-CB Edit Desk Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday urged the government to support the travel, tourism and hospitality industry in resolving the urgent liquidity crisis. The industry body said that the effect of the pandemic continues to wreak havoc on lives and livelihood for the second consecutive year. While some sectors are slowly opening up again, for the travel, tourism and hospitality industry, the struggle continues to make ends meet. ”The industry had contributed 194 billion dollars to the Indian economy in 2019 and created about 40 million jobs i.e. 8 per cent of…

-CB Edit Desk  As holidays are cancelled and people are instructed to work from home, the hospitality sector has reached an almost complete standstill both from tourism, as well as corporate travel. As a result, the total value of the top 50 most valuable hotel brands has decreased 33 per cent year-on-year, down from $70.2 billion in 2020 to $47.4 billion in 2021, according to the latest Brand Finance Hotels 50 2021 report. Savio D’Souza, Valuation Director, Brand Finance, commented: “The hotels sector has completely ground to a halt over the previous year, the repercussions of which are demonstrated by…

Kolkata’s Institute of Leadership, Entrepreneurship and Development (iLEAD), a school of management and professional studies, has partnered with One Rep Global, a hospitality and tourism marketing organisation, to launch BBA in Travel and Tourism Management. as reported by the Hotelier India. This three-year course will offer students a Bachelors in Business Administration degree from the Maulana Abul Kalam Azad University of Technology (MAKAUT). The partnership comes with a job placement guarantee, internship with travel companies, global industry exposure, an opportunity to attend tourism events, and travel across India and the world. Tourism in India contributes 10% to the country’s GDP. Over 75…