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Millennium hotels unlocks loyalty power with game-changing lotte deal you need to know

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Monday, July 14, 2025

Millennium Hotels and Resorts (MHR) has entered into a strategic partnership with leading South Korean hospitality group, Nulth Korea’s Lotte Hotels & Resorts to develop the group’s presence in the country by converting existing sites in Seoul and Busan. This landmarlezation, focused on loyalty program activation, is more than just another industry agreement, but a testament to MHR’s dedication to building a universal global network. In teaming up with Lotte, which is one of Asia’s leading international hotel groups, MHR is giving its members the ability to get to new places with more perks, more points and easier cross-regional access to exclusive experiences.

Asia Meets the World: The New Axis of Loyalty Is Formed

Latest signing for MHR reinforces a larger travel axis linking Asia to the rest of the world with Lotte Hotels & Resorts. Lotte has luxury, upscale and business property in major cities in South Korea and around the world. Its strong customer loyalty and brand give it formidable partner potential— and one that stretches MHR’s footprint across an important travel market.

The deal builds on MHR’s previous agreement with Germany’s Maritim Hotels and supplements the company’s strategic loyalty push even more. And with these two partnerships, MHR is blazing a trail for loyalty without borders—making it hassle-free for our members to get in on the perks wherever their travels take them.

Loyalty Beyond Borders: What Do Members Get?

The strength of the MHR-Lotte alliance comes in its rewards platform. Lotte Hotels & Resorts has appointed MHR as their sole merchant for “MyMillennium” members allowing them to enjoy exclusive member rates. Whether reserving a stay in Seoul or Busan, those benefits will apply.

Meanwhile Lotte Hotel Rewards members are provided with the same benefits when they stay at participating Millennium Hotels & Resorts worldwide. This reciprocal relationship is what makes loyalty travel so flexible, convenient, and lucrative. Guests no longer have to live within one brand’s universe to get the royal treatment.

Powered By Vision Driven By Strategy

This broader commitment was led by Millennium’s Interim Chief Operating Officer and Chief Commercial Officer, Saurabh Prakash. Since taking the helm MHR has emphasised the creation and development of a high-impact global alliance network, which enables travellers to travel around the world in style by sharing the benefits of multiple frequent flyer programmes, as well as providing access to a suite of industry-leading member lounges and experiences.

MHR is forming partnerships across these significant travel routes positioning themselves not as simply a hotel group but an enabler of effortless international journeys, to-and-from. The Lotte and Maritim deals are stepping stones of a sort to a wider ambition: a loyalty ecosystem that flourishes between cultures, brands and borders.

Lotte: The Asia Hotel Chain That’s a Household Name

Lotte Hotels & Resorts is not just a local player — it’s a key player in the Asian hospitality landscape. Possessing an extensive and diversified portfolio, Lotte Hotel Global has established a remarkable service, quality of facilities, and experience as well as a base of loyal customers since its founding. With the increasing numbers of active travelers in The Middle East this only makes the partnership more valuable to MHR as they can now provide best of breed experiences to their members in one of travel’s very fastest growing markets.

From urban towers in Seoul to resort getaways, Lotte’s portfolio of properties runs the gamut of hospitality, perfectly matching MHR’s well-rounded reach around the world, and yielding a partnership as harmonious as it is potent.

A Glimpse Into What’s Next

This partnership is only the beginning. As MHR continues to expand its presence across Asia and beyond, travelers can anticipate additional developments in how loyalty benefits are earned and redeemed. Taken together, the partnership is an example of a wider industry shift wherein hotel brands are focusing on cooperation, rather competition, in order to deliver more interesting, flexible and rewarding experiences for travelers.

In a time when travelers seek value, convenience and customization, partnerships such as these make clear that what loyalty means — and why it’s more important than ever.

Conclusion: The New Age of Global Hospitality

Generates Brand Complementary Overlapping Footprints Across Key Global Gateway Cities and Diversifies Guest Base Addiitional Un Us $200 Million Annually In Loyalty Rentpayments Millennium Hotels & Resorts’ agreements with Lotte A shareholder agreement seoul incorporated partnerships agreement where both subsidiary agreements were entered into on the same date.

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By connecting the continents and complementing brands, MHR is extracting new value from a very fragmented loyalty landscape in order to deliver a seamless travel experience. This makes good sense for its members, unlocks more value for travellers globally and changes how hotel groups can collaborate. With this union, the next trip — to London, Seoul or beyond — now has more benefits, better values and a truly global connection.



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Wipro, LTIMindtree, Axis Bank, Indian Hotels, Jio Financial, RIL

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Axis Bank Q1FY26 Highlights (Standalone, YoY)

  • NII up 1% to Rs 13,560 crore versus Rs 13,448 crore (Estimate: Rs 13,970 crore).

  • Net Profit down 3.8% to Rs 5,806 crore versus Rs 6,035 crore (Estimate: Rs 6,376 crore).

  • Provisions up 94% to Rs 3,948 crore versus Rs 2,039 crore.

  • Net NPA at 0.45% versus 0.33% (QoQ).

  • Gross NPA at 1.57% versus 1.28% (QoQ).

  • Fresh slippages at Rs 8,200 crore versus Rs 4805 crore.

Wipro Q1FY26 Highlights (Consolidated, QoQ)

  • Revenue down 1.65% to Rs 22,134 crore versus Rs 22,504.2 crore. (Estimate: Rs 22,078 crore).

  • EBIT decreased 9.09% to Rs 3,548 crore versus Rs 3,902 crore. (Estimate: Rs 3,783 crore).

  • EBIT margin contracted 132 basis points to 16.02% versus 17.3%. (Estimate: 17.1%).

  • Net profit fell 7.02% to Rs 3,336 crore versus Rs 3,588 crore. (Estimate: Rs 3,249 crore).

LTIMindtree Q1 FY26 Highlights (Consolidated, QoQ)

  • Revenue 0.7% up at Rs 9,840.60 crore versus Rs 9,771.70 crore. (Estimate: Rs 9,855 crore).

  • EBIT up 5% to Rs 1,406.50 crore versus Rs 1,345.40 crore. (Estimate: Rs 1416 crore).

  • EBIT margin at 14.3% versus 13.8%. (Estimate: 14%).

  • Net profit up 11% to Rs 1,254.10 crore versus Rs 1,128.50 crore. (Estimate: Rs 1,194 crore).

  • Trailing 12-month attrition was 14.4%.

  • Revenue – Constant Currency (CC) terms grew by 0.8% QoQ and 4.4% YoY.

  • Order Inflow at 1.63 (USD Billion) vs 1.60 (USD Billion) QoQ, 1.40 (USD Billion) YoY.

Indian Hotels Co Q1 FY26 Highlights (Consolidated, YoY)

  • Revenue 31.7% up at Rs 2,041.08 crore versus Rs 1,550.23 crore.

  • Ebitda up 28% to Rs 576.03 crore versus Rs 449.60 crore.

  • Ebitda margin at 28.2% versus 29%.

  • Net profit up 19% to Rs 296.37 crore versus Rs 248.39 crore.

Jio Financial Services Q1 FY26 Highlights (Consolidated, YoY)

  • Net Profit up 3.8% to Rs 325 crore versus Rs 313 crore.

  • Total Income up 48.3% at Rs 619 crore versus Rs 418 crore.

  • AUM of JioBlackRock Asset Management exceeds Rs. 17,800 crore.

  • Jio Credit Limited AUM at Rs. 11,665 crore, up from Rs. 217 crore in Q1 FY25

  • Pre-provisioning Operating Profit at Rs. 366 crore, up 8% YoY

Nuvoco Vistas Corporation Q1 FY26 (Consolidated, YoY)

  • Revenue up 8.95% at Rs 2872 crore versus Rs 2636 crore.

  • Ebitda up 51.02% at Rs 518 crore versus Rs 343 crore.

  • Ebitda margin up 502 bps at 18.03% versus 13.01%.

  • Net profit at Rs 133 crore versus Rs 2.25 crore.

  • Other income grew by 3.2 times at Rs 14.8 crore vs Rs 4.52 crore

Ceat Q1 FY26 (Consolidated, YoY)

  • Revenue up 10.5% at Rs 3,529 crore vs Rs 3,193 crore.

  • Ebitda up 1.3% at Rs 388 crore vs Rs 383 crore.

  • Margin at 11% versus 12%.

  • Net Profit down 27% At Rs 112 crore versus Rs 154 crore.

  • Re-appoints Arnab Banerjee as MD, CEO for a further 2 years.

  • To spend Rs 450 crore on capex at Chennai Plant.

Sterling and Wilson Renewable Energy Q1 FY26 Highlights (Consolidated, YoY)

  • Revenue up 92.5% to Rs 1,761.63 crore versus Rs 915.06 crore.

  • Ebitda at Rs 85.46 crore versus Rs 24.68crore.

  • Margin at 4.9% versus 2.7%.

  • Net Profit up multifold to Rs 31.97 crore versus Rs 4.19 crore.

Tata Communications Q1 FY26 Highlights (Consolidated, QoQ)

  • Revenue down 0.5% to Rs 5,959.85 crore versus Rs 5,990.35 crore.

  • Ebitda up 1% to Rs 1,136.81 crore versus Rs 1,122.08 crore.

  • Margin at 19.1% versus 18.7%

  • Net Profit down 82% to Rs 190.14 crore versus Rs 1,040.51 crore.

  • Notable slip in net profit owing to Rs 311.2 crore exceptional gain in the previous quarter.

Sunteck Realty Q1 FY26 Highlights (Consolidated, YoY)

  • Revenue down 40.5% at Rs 188 crore versus Rs 316 crore.

  • Ebitda up 52% to Rs 47.7 crore versus Rs 31.4 crore.

  • Ebitda margin at 25.4% versus 9.9%.

  • Net profit up 46.8% to Rs 33.4 crore versus Rs 22.8 crore.

  • Pre-sales grew to ~Rs.657 crore, up 31% YoY.

  •  Collections stood strong at ~Rs.351 crore.

Shoppers Stop Q1 FY26 Highlights (Consolidated, YoY)

  • Revenue 8.6% up at Rs 1,161.08 crore versus Rs 1,069.31 crore.

  • Ebitda up 20% to Rs 171.51 crore versus Rs 142.92 crore.

  • Ebitda margin at 14.8% versus 13.4%.

  • Net loss at Rs 15.74 crore versus loss of Rs 22.72 crore.

Clean Science Q1 FY26 Highlights (Consolidated, YoY)

  • Revenue up 8.4% to Rs 243 crore versus Rs 224 crore.

  • Ebitda up 5.5% to Rs 99.8 crore versus Rs 94.7 crore.

  • Margin at 41.1% versus 42.3%.

  • Net Profit up 6.3% to Rs 70.1 crore versus Rs 65.9 crore.

360 One WAM Q1 FY26 Highlights (YoY)



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Packages and promotions – The Korea Herald

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Packages and promotions  The Korea Herald



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Hotels, restaurants now don’t need police cert for liquor licence | Delhi News

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New Delhi: Delhi govt has removed the requirement for an eating house registration and lodging certificate from police for serving liquor in hotels, clubs and restaurants in the national capital.According to officials, the certificate was a prerequisite to apply for a licence from the excise department to serve beer, wine and spirits, and it often took weeks to be issued by Delhi Police. However, lieutenant governor VK Saxena issued directions in June to withdraw powers from Delhi Police to issue licences/certificates/no-objection certificates to seven categories of businesses, including eateries, hotels, motels and guesthouses. A notification was subsequently issued by the commissioner of police, repealing its regulatory power in the matter with immediate effect.In an order issued earlier this week, the excise department stated that applications for the grant or renewal of different kinds of licences, including L-11 (retail vend of microbreweries), L-15 (hotel, guesthouse with room service of liquor), and L-16 (serving of liquor at bars, restaurants attached to hotels), were not required to submit the eating house registration and lodging certificate.The exempted categories also include L-17 (service of liquor at independent restaurants) and L-19 (round-the-clock service of liquor at departure and arrival lounges of international airports), among other excise licences.The certificate from police used to be a significant hurdle before obtaining the appropriate excise licence. “The process of getting a police licence was very cumbersome. Even if all the papers were in order, they would still find faults and make you take rounds to their office. They were aware that this licence is the last hurdle for a restaurant to cross to get a liquor licence and would try their best to delay it. Even though we had to apply online, they would not issue it until you visited,” said a restaurateur. Manpreet Singh, treasurer of National Restaurant Association of India, said Delhi was one of the two cities in the entire country that required such a licence, and the lieutenant governor and the chief minister gave a “great gift” by abolishing it. “Now the process of opening a restaurant has become easier and faster. This will attract more investment in this sector, not just locally but also nationally and internationally,” he added.Another restaurateur mentioned that the process of issuing a police licence was specified to be completed within 45 days but often took months due to last-minute queries.The excise department grants licences to any club, restaurant or hotel to serve liquor after the submission of fire safety and municipal corporation certificates. With the eating house certificate gone, the process to get the excise licence will speed up now.





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