Author: admin

-CB Edit Desk  Alcohol ad spend in 12 key markets* will grow by 5.3% in 2021, ahead of the 4.9% growth of the ad market as a whole, as brands recover from a much steeper drop in 2020, according to Zenith’s Business Intelligence – Alcohol: Beer + Spirits report. Alcohol advertising will then grow roughly in line with the market, with 4%-5% annual growth in 2022 and 2023, as reported by Exchange4Media. The pandemic has forced the alcohol brand experience to move online Alcohol brands are often not permitted to directly encourage extra consumption. Alcohol consumption is in any case deeply embedded…

-CB Edit Desk As restaurants face mounting losses following their closure in most parts of the country due to the second wave of the COVID-19 pandemic, the National Restaurant Association of India (NRAI) on May 20 sought a rental waiver from landlords. It has also suggested shifting to a revenue-sharing method till the time operations remain restricted as reported by CNBC TV18. In letters to all prominent mall owners and other landlords, the restaurants’ body has sought relief to prevent further financial distress and job losses. According to NRAI, the restaurant industry, which has an annual turnover of approximately Rs…

-CB Edit Desk The Federation of Hotel & Restaurant Associations of India (FHRAI) has requested the RBI for a special window for restructuring of loans especially for the tourism and hospitality sector. It is seeking specific tweaks in the central bank’s Resolution Framework 2.0, as reported by Plunge Daily. The FHRAI urged the RBI to extend the benefit of loan restructuring under Resolution Framework 2.0 to those who had applied for it under Resolution Framework 1.0 but were unable to avail it. Gurbaxish Singh Kohli, vice president of FHRAI, said the industry body welcomed the central bank’s Resolution Framework 2.0…

-Press Release  Kaapi Machines, India’s leading coffee equipment supplier for the mercantile industry launches India’s first Modbar at Araku Cafe in Bangalore. It has been the endeavor of Kaapi Machines to partner with and bring to India world-class brands that have launched cutting-edge technology and innovation in the coffee equipment industry. This led to an exclusive partnership with the La Marzocco Group and thus paved the way for the first setup of Modbar in India. Modbar brings an extremely innovative, first of its kind Espresso Brewing system that can be neatly tucked away under the counter, allowing the owners to…

-Press Release  The COVID-19 pandemic has wreaked havoc on the world and for the past two months, in the country leaving families devastated as the virus has gripped and taken away a member from them, as reported in ANI. Scarcity of oxygen, lack of beds in hospitals and desolate queues outside cremation grounds paint a bleak picture of the nation in the minds of people nowadays. While staying safe is of utmost priority, standing beside devastated families is also a social responsibility. Trying to shine a ray of hope amidst this desolation, the International Institute of Hotel Management (IIHM) has…

-CB Edit Desk Federation of Associations in Indian Tourism & Hospitality (FAITH), the policy federation of all the national associations representing the complete tourism, travel and hospitality industry in India, has made suggestions to the Finance Ministry and Tourism Ministry for GST rationalisation of Indian tourism value chain, to be taken up in the upcoming GST council meeting next week, as reported by IANS., as reported by IANS. FAITH has suggested to initiate the process of undertaking a review and rationalisation of GST applicable across different aspects of the Indian tourism, travel and hospitality industry. It said that this rationalisation…

-CB Edit Desk  The Indian hospitality industry declined by 38.7 per cent in Revenue Per Available Room (RevPAR) in the first quarter of 2021, said JLL’s Hotel Momentum India (HMI) report on Thursday. JLL’s Hotel Momentum India (HMI) Q1 2021 does a  quarterly hospitality sector monitor of the RevPAR. In the report, it had mentioned the top six Indian cities decreased by 48 per cent in Q1 2021 as compared to Q1 2020. Its total number of signings in Q1 2021 stood at 28 hotels comprising 2,064 keys, recording a decline of 53 per cent as compared to the same…

-CB Edit Desk  Indian Hospitality suffered the loss of two of its esteemed leaders , Rajindera Kumar and Anil Bhandari who succumbed to COVID-19 on May 7th. This loss to industry has been a another big setback invoked by the pandemic out of the many loses invoked by the pandemic. Rajindera Kumar was the Senior member of the Managing Committee and Former President of HRANI & FHRA, as reported by Hospitality Biz India. Kumar had been one of the longest serving senior members of the Managing Committee of the Hotel and Restaurant Association of Northern India (HRANI). Kumar made invaluable…

By Chokkapan S (chock@imaws.org) A famous premium vegetarian restaurant chain across Tamil Nadu, especially familiar to Chennaiites, is hardly doing 10-20 percent of its regular business over the last year. Tough to believe? Ask its owner, and he laments at the drop of a hat, “Our business situation has been dire since last March. In fact, we are almost incurring losses since last March. It’s extremely difficult to retain our manpower and there is no support from banks or the government.” It’s ‘Namma Veedu’ Vasanta Bhavan, which has been in the food business for nearly the last five decades. The…

-CB Edit Desk Resurgence in coronavirus cases has forced the UT Administration to reintroduce strict restrictions and this has adversely impacted the hospitality industry in Chandigarh, as reported by The Tribune. “The hospitality industry in Chandigarh has virtually crashed resulting in huge job retrenchments and financial losses. Most of the food and beverages outlets in the city are temporarily closed and if some relief package is not extended, they might permanently shut shop,” said Ankit Gupta, president of Chandigarh Hospitality Association and joint secretary of Hotel and Restaurant Association of Northern India. Gupta said they had also written to UT…