Skip to content

Search

Latest Stories

HFTP charters first India chapter

One of its first actions was to raise money for COVID-19 relief in India

HFTP charters first India chapter

INDIA HAS LONG been a target for expansion by the Hospitality Financial and Technology Professionals association, and now that goal has been realized. On June 1, HFTP officially charted its HFTP India Chapter that will create the framework for the association’s growth in India.

The HFTP India Chapter chartering ceremony was held at HITEC Dubai co-located with The Hotel Show at the Dubai World Trade Center in Dubai, UAE. It received its business license in India on May 20.


"HFTP's vision was to provide association resources to the Indian hospitality industry, a dream that has been in the works for 12 years and has now materialized,” said Raman “R.P.” Rama, HFTP India Chapter founding director and member, HFTP past president and president and CTO/CIO of Sarona Hotels & Holdings. “It is a moment of joy for us all in India, as well as Southeast Asia and Middle East, where HFTP members can collaborate and have networking and learning opportunities with research initiatives.”

Other members of the HFTP India Chapter board of directors are:

  • President: Rajesh Chopra, senior vice president for IT at The Oberoi Group
  • Vice President: Shreeharsh Bhandari, hospitality advisor and mentor at TrustTeam and CTO at Panchshil
  • Treasurer: Vishal Thakkar, CEO at ConTeTra Universal LLP
  • Secretary: Dr. Vijay Choudhary, advanced video processor at The Royal Orchid Group
  • Founding Director and Member: Ravish Jhala, consulting partner at VCNS Global Faculty at NMIMS and Mumbai and Indian School of Hospitality
  • Advisors: Prakash Shukla, partner at Wayfair Venture Partners and Frank Wolfe, CEO of HFTP

“The hospitality sector within India is far-reaching, and now that the chapter is established, we have a formal connector amongst the region’s financial and technology professionals to share our knowledge and experiences,” Jhala said.

New chapter members can qualify for limited initial dues, and students may join for free.

The HFTP India Association held its first board meeting on June 2 to design a plan of action. One of the chapter’s first actions was to hold a fundraiser with HFTP Global to fund organizations sending medical equipment to India to fight its second wave of the COVID-19 pandemic. In May, several U.S. based, Indian American hoteliers also sent aid to India.

More for you

U.S. travel policy 2025

Poll: Trump's policies dampen business travel sentiment

U.S. Travel Policies Threaten Business Meetings and Hospitality Revenue

RECENT U.S. GOVERNMENT actions are weakening global business travel, raising concerns about 2025 volume, spending and revenue, according to the Global Business Travel Association. More than 900 industry professionals expect declines, with optimism slipping in recent weeks amid broader uncertainty.

GBTA’s recent poll found that tariffs, entry restrictions, travel advisories, cross-border detainment risks and reduced federal employee travel have hurt business travel sentiment.

Keep ReadingShow less
Miami JV Development: Gencom Secures $300M
Photo credit: The Ritz-Carlton

Gencom secures $300M for Miami JV development

A GENCOM-LED JOINT venture recently secured a $300 million debt facility to refinance existing debt and fund renovations at The Ritz-Carlton Key Biscayne in Miami. Key Bay Club LLLP, an affiliate of Fortune International Group, contributed the Grand Bay Club to the JV as part of the financing deal.

The partnership will combine the hotel and beach club sites into a 22-acre masterplan with more than 1,200 linear feet of beach frontage, the companies said in a statement.

Keep ReadingShow less