Budget carrier IndiGo on Friday reported a loss of INR 9.9 billion ($118 million) in the most recent quarter – a reversal after seven straight profitable reports for India’s largest airline.
The Leela’s Latest Luxury Offering - India Report
22.10.2024 - 05:39 / skift.com / London Heathrow / Bulbul Dhawan
Indian hospitality chain The Leela has announced the launch of Arq by The Leela – its collection of “ultra-luxury villas.” The collection has been launched at the Leela Palace Udaipur and is being positioned as a “hyper-personalized Palace within a Palace” by the hotel chain. The hotel chain will introduce more Arq by The Leela collections across its portfolio.
The villas aim to cater to ultra high-net worth individuals and elite guests. Though not quite exactly the same as vacation rentals, the villas are designed to allow the families of these guests privacy and exclusive spaces within the premises of Leela Palace Udaipur. These villas have their own swimming pools and private outdoor spaces.
A Skift Research report on short-term rentals in India this year indicated that the Indian short-term rental industry could expand into a $3 billion market by 2033. In an interview with Skift, luxury villa rentals brand StayVista’s co-founder Amit Damani said that there is a shift towards luxury villas among Indian travelers as they are seeking private, exclusive spaces.
He had also said that there is a trust gap when it comes to alternative accommodations and creating brands within that space could address this gap.
The launch of the villa collection comes a month after The Leela’s parent company Schloss Bangalore filed for a $599 million (INR 50 billion) IPO. It marked the largest ever IPO in the Indian hotel industry. Through the public issue, the company aims to pay its debt and capitalize on the demand for high-end accommodations.
By 2028, The Leela is planning to add eight hotels to its current portfolio of 12 operational properties. It is also expected to venture into segments such as wildlife and heritage tourism, in line with the broader demand for experiential tourism in luxury travel.
Air India is set to operate Vistara aircraft after the merger of the two airlines on November 12. The airline said that these flights will be identified by a special four-digit Air India flight code starting with ‘2’: Vistara’s UK 955 flight between Delhi and Mumbai will be identified as AI 2955.
This is being done to make the booking process easier for customers on the Air India website post the merger. Air India has also explained that the routes and schedules being operated by Vistara will continue. The in-flight experience, including the menu and the cabin crew, will remain the same.
Additionally, the members of Vistara’s loyalty program Club Vistara will be transferred to Air India’s Flying Returns program. The combined loyalty program will be rebranded into the ‘Maharaja Club.’
Ahead of the merger, Air India is also commencing daily direct flights between Bengaluru and London Heathrow from October 27. With
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