Date-wise News

Branded Budget’ hotels jostle for space

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In lieu of the flourishing hospitality industry, global giants are pushing the concept of branded ‘Economy or Budget’ hotels — for e.g., ‘Fortune’ (ITC Group) and ‘Oberoi Trident (Hilton). The brand extension strategy is aimed at achieving topline growth even as the luxury brands within the fold drive the bottomline.

e4m Desk Mar 21, 2005 4:27 PM

Colour TV category growth trails other consumer durables in 2004: ORG-GfK durable audit

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In the consumer durables category, the Colour TV (CTV) segment has witnessed the lowest volume (9 per cent) and value (1.4 per cent) growth in 2004/03 as compared to refrigerators (volume growth of 6.4 per cent; value growth of 3.1 per cent); washing machines (11 per cent in volume; 9.9 per cent in value); Microwaves (58.3 per cent; and 37.3 per cent); Convection (65.4 per cent; 49.4 per cent); Hi-fi Music Systems (50.8 per cent; 50.7 per cent) and Minis (51.4 per cent; 45.6 per cent).vv

e4m Desk Mar 21, 2005 12:00 PM