Loading...
You have Successfully logged In !
Already have an account? Login
By clicking Register you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Don't have an account?Register
Enter your E-mail address below, We will send the verification code
Please enter the code send to
Didn't receive the email?Click to resend
Your password has been successfully reset!.
Please login again to access your account.
An OTP has been sent to
Enter the 4-digit code
By Author
Published on February 7, 2024
Lotte Wellfood, formerly Lotte Confectionery, is embarking on a strategic expansion in India with the establishment of an exclusive line in Haryana dedicated to the production of its globally loved confectionery, Lotte Pepero. This move signifies Lotte Wellfood's commitment to global growth, marking its first line set up outside of Korea.
Scheduled to be operational by mid-2025, the new facility in Haryana, complementing the existing factory producing Lotte Choco Pie, represents a significant investment of over Rs. 200 crores. The state-of-the-art production line is equipped with automated systems, geared to meet the rising global demand for Lotte Pepero.
The new facility aims not only to fulfill international export demands but also to introduce Original and Crunky Pepero products to the Indian market. Lotte Wellfood's focus includes establishing Lotte Pepero as a premium brand in India, initially targeting large retail formats and e-commerce channels, with plans to expand into smaller traditional channels in the future.
Lee Chang-yeop, CEO of Lotte Wellfood, expressed enthusiasm about expanding investments in the Indian market, recognizing its substantial growth potential. Following the success of Lotte Choco Pie, the introduction of Lotte Pepero aims to strengthen the brand's position in India. The company is actively working on creating locally tailored Lotte Pepero products that align with regional food culture and preferences.
India's confectionery market, valued at approximately Rs. 27,000 crores, holds significant promise. Lotte India achieved sales of Rs. 654 crores in 2023, with a targeted growth of over 20% in 2024. The positive response from Indian consumers, especially towards the innovative chocolate stick snacks, indicates a favorable market for Lotte Pepero.
Lotte Wellfood's strategic move into India underscores the company's global vision and responsiveness to consumer preferences. The establishment of a dedicated production line for Lotte Pepero signifies a new era for the brand in the Indian market, promising sweetness and success in the confectionery landscape.
Hilton Kathmandu Burned Amid Widespread Unrest in Nepal
Kathmandu witnessed a devastating blow to its hospitality se...
Treat Hotels & Resorts Expands to Rajasthan and Maharashtra ...
Treat Hotels & Resorts is expanding its presence in North In...
Mirth Bar Opens in Indiranagar, A Nostalgic Yet Modern Tribu...
In a city buzzing with new-age bars and polished lounges, a ...
Transforming Hospitality: The Impact of Sustainability on Ho...
Picture a busy day in your hotel. Guests are checking in, th...
By Manu Vardhan Kannan
Published on September 14, 2025
Royal Caribbean Group (NYSE: RCL) has announced a significant increase in its shareholder returns, declaring a 33% hike in its quarterly dividend. The company’s Board of Directors approved a dividend of $1.00 per common share, payable on October 13, 2025, to shareholders of record at the close of business on September 25, 2025.
Jason Liberty, President and CEO of Royal Caribbean Group, said the move underscores the company’s confidence in its performance and long-term growth strategy. “Today’s dividend increase reflects both the strength of our performance and our commitment to return capital to shareholders. This increase in dividend, along with our ongoing share repurchase program, highlights our balanced approach to capital allocation, returning value to shareholders while funding future growth,” Liberty stated.
Royal Caribbean Group is a global leader in the vacation industry, operating a fleet of 68 ships across five brands that serve millions of guests annually. Its portfolio includes Royal Caribbean International, Celebrity Cruises, and Silversea, as well as land-based experiences such as Perfect Day at CocoCay and the Royal Beach Club collection. The company also holds a 50% joint venture in TUI Cruises, which manages brands like Mein Schiff and Hapag-Lloyd Cruises.
With a reputation for innovation and guest-focused experiences, Royal Caribbean Group continues to expand its global footprint while maintaining its commitment to responsible and sustainable growth.
Published on August 18, 2025
Apeejay Surrendra Park Hotels Limited (ASPHL) announced its financial results for Q1 FY26, recording a net profit of Rs 13 crore. Revenue from operations stood at Rs 154 crore, a 14% increase year-on-year, while operating EBITDA grew 16% YoY to Rs 45 crore. The company maintained an industry-leading occupancy of 92%, reaffirming its leadership in the hospitality sector.
ASPHL’s growth is fueled by expansion into Tier 2 and Tier 3 markets. The company recently signed an MoU to acquire and manage four leisure properties in Goa, Manali, Shimla, and Dharamshala, adding 138 rooms under its brand. These steps align with ASPHL’s strategy to broaden its presence in high-potential tourism destinations and double its key count to 5,750 over the next five years.
Flurys, ASPHL’s iconic bakery and confectionery brand, now operates 102 outlets nationwide, reflecting the company’s focus on expanding its market presence while integrating modern amenities with rich cultural heritage.
Commenting on the performance, Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels, said,
"We have delivered an extraordinary and best-ever Q1, setting a strong momentum for the year ahead. With topline growth of 14% and EBITDA growth of 16%, we recorded India’s highest occupancy of 92% and maintained leadership in RevPAR in the upper-upscale segment. ARR improved by 13% and RevPAR increased by 12%. With nearly 600 new rooms added, including a 41% rise in our asset-light model, and nationwide Flurys rollout, we are poised to scale faster, enhance margins, and deliver exceptional shareholder value."
ASPHL’s strong performance in Q1 FY26 underscores its strategic focus on market expansion, operational excellence, and premium guest experiences.
Published on August 10, 2025
Marriott International, Inc. has declared a quarterly cash dividend of 67 cents per share on its common stock, reaffirming its commitment to delivering shareholder value. The dividend will be paid on September 30, 2025, to shareholders who are on record as of August 21, 2025.
Alongside the dividend announcement, the hospitality giant also revealed an expansion of its share repurchase program. The board of directors has authorized the repurchase of an additional 25 million shares of its Class A common stock. This comes in addition to the approximately 7.4 million shares that were still available under previous authorizations as of July 30, 2025.
Marriott has already bought back 6.4 million shares this year, amounting to $1.7 billion. These moves reflect the company’s continued confidence in its financial stability and long-term performance, aiming to strengthen shareholder value through strategic capital allocation.
Stay up-to-date with the latest Hospitality news and trends in the Hospitality industry!
Subscribe to Hospitality news e-magazine for free and never miss an issue.
By clicking subscribe for free you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Advertise With Us
We have various options to advertise with us including Events, Advertorials, Banners, Mailers, etc.
A platform dedicated to showcase the skills and creativity of hospitality professionals. Share your articles, videos and other content related to the industry and get recognized for your unique perspective and expertise. By posting your content and gaining likes from your own community, we'll categorize your talents and expose them to the hospitality world. Join our community of passionate hospitality professionals and let your talent shine!.
Already have an account?Login
By clicking you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Subscribe for ₹2,000 and receive our monthly magazine for one year (12 months) from the coming month and save 2 months cost.