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Selection Hotels Worldwide Celebrates Yr Of Accelerating Growth Jan 17, 2024

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Shares of hotel firms and journey options suppliers surged after the government introduced measures within the Interim Budget for FY25 to spice up leisure and non secular tourism. The tourism trade received an allocation of Rs 2,449 crore to develop India as a hub for enterprise and conference tourism. The authorities also proposed interest-free loans to states for the development of iconic vacationer locations. IHG Hotels & Resortsannounced the opening of theHoliday Inn Chicago O’Hare Airport. Located in Chicago, Illinois, the 139-room hotel presents 3,623 sq. feet of assembly house, a business center, a fitness heart, and an onsite restaurant. The Holiday Inn Chicago O’Hare Airport is owned byGateway RosemontLLCand managed byHostmark Hospitality Group.

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This acquisition provides one other historic East Coast property to Remington’s rising portfolio of hotels. “You can’t scale a business unless you first have a tradition,” says Sloan Dean, lately elevated from the chief operating officer publish at Dallas-based Remington. And with Remington’s drive to expand its third-party management business, tradition has been his precedence. Stan Kennedy, chief operating officer of Remington Hospitality, which manages Embassy Suites in Times Square, expressed similar sentiments.