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

Noble Investment Group Mobile Alabama

Noble breaks ground on StudioRes in Mobile, AL

Summary:

  • Noble broke ground on StudioRes Mobile Alabama at McGowin Park.
  • The 10th StudioRes expands Noble’s long-term accommodations platform.
  • Noble recently acquired 16 WoodSpring Suites properties through two portfolio transactions.

NOBLE INVESTMENT GROUP broke ground on StudioRes Mobile Alabama at McGowin Park, a retail center in Mobile, Alabama. It is Noble’s 10th property under Marriott International’s extended stay StudioRes brand.

Keep ReadingShow less
AHLA Foundation expands hospitality education

AHLA Foundation expands hospitality education

Summary:

  • AHLA Foundation is partnering with ICHRIE and ACPHA to support hospitality education.
  • The collaborations align academic programs with industry workforce needs.
  • It will provide data, faculty development, and student engagement opportunities.

THE AHLA FOUNDATION, International Council on Hotel, Restaurant and Institutional Education and the Accreditation Commission for Programs in Hospitality Administration work to expand education opportunities for students pursuing hospitality careers. The alliances aim to provide data, faculty development and student engagement opportunities.

Keep ReadingShow less
Report: Global RevPAR to rise 3–5 percent in 2025

Report: Global RevPAR to rise 3–5 percent in 2025

Summary:

  • Global hotel RevPAR is projected to grow 3 to 5 percent in 2025, JLL reports.
  • Hotel RevPAR rose 4 percent in 2024, with demand at 4.8 billion room nights.
  • London, New York and Tokyo are expected to lead investor interest in 2025.

GLOBAL HOTEL REVPAR is projected to grow 3 to 5 percent in 2025, with investment volume up 15 to 25 percent, driven by loan maturities, deferred capital spending and private equity fund expirations, according to JLL. Leisure travel is expected to decline as consumer savings tighten, while group, corporate and international travel increase, supporting RevPAR growth.

Keep ReadingShow less
Hotel data challenges report highlighting AI and automation opportunities in hospitality

Survey: Data gaps hinder hotel growth

Summary:

  • Fragmented systems, poor integration limit hotels’ data access, according to a survey.
  • Most hotel professionals use data daily but struggle to access it for revenue and operations.
  • AI and automation could provide dynamic pricing, personalization and efficiency.

FRAGMENTED SYSTEMS, INACCURATE information and limited integration remain barriers to hotels seeking better data access to improve guest experiences and revenue, according to a newly released survey. Although most hotel professionals use data daily, the survey found 49 percent struggle to access what they need for revenue and operational decisions.

Keep ReadingShow less
Hyatt Way partnership

Hyatt taps Way for unified guest platform

Summary:

  • Hyatt partners with Way to unify guest experiences on one platform.
  • Members can earn and redeem points on experiences booked through Hyatt websites.
  • Way’s technology supports translation, payments and data insights for Hyatt.

HYATT HOTELS CORP. is working with Austin-based startup Way to consolidate ancillary services, loyalty experiences and on-property programming on one platform across its global portfolio. The collaboration integrates Way’s system into Hyatt.com, the World of Hyatt app, property websites and FIND Experiences to create a centralized booking platform.

Keep ReadingShow less