Hospitality Industry

m It consists of service industry that

includes lodging, restaurants, events planning ,
theme parks, transportation, cruise line and
additional fields within the tourism industry

m It covers a wide range of organizations offering

food service and accommodation
m he hospitality industry is divided into sectors according
to the skill-sets required for the work. Involved Sectors
include
’©ccommodation
’food and beverage
’meeting and events
’gaming
’entertainment and recreation
’tourism services
’visitor information
 „ast Indian Hotels
m ×ohan Singh Oberoi established East Indian Hotels in 1949

m It is the flagship company

m he second largest chain of hotels in India

m he company is in luxury hotels, restaurant, management

contracts and travel and tours business

m he group owns and/or manages 32 hotels

m © luxury backwater cruiser in Kerala and Oberoi Flight Services

m © division of EIH that provides commercial in-flight catering and

operates airport lounges and restaurants

m In January 2004, the company started to manage rident Hilton in

Gurgaon and in ×arch, the company signed an agreement with

Hilton International to co-brand it.

m It has branches in five countries, situated in two continents (©sia

and ©frica).
 0eliance Industries Limited
m 0eliance was founded by the Indian industrialist
Dhirubhai ©mbani in 1966

m 0IL is India's largest private sector conglomerate

company by market value

m the company's oil-related operations form the core of

its business

m ©n annual turnover of US $ 44.6 billion and profit of US

$ 3.6 billion for the fiscal year ending in ×arch 2010
„ „
 „
 „ ect O The Deal

„IH shares closed up 11.5 percent at 150.70

rupees. 0eliance stock ended 0.2 percent lower at
947.75 rupees
 ¦inancials
m © wholly owned subsidiary of 0eliance Industries
Ltd (0IL) has acquired 14.12 per cent stake for an
estimated 0s 1,021 crore in EIH Ltd

m EIH sold 55.5 million shares in the company for

10.2 billion rupees. hat equates to 184 rupees a
share, a premium of 36 percent to Friday's (27th
©ugust) closing price
m 0eliance's 14.1 percent stake in EIH, just shy of
the 15 percent level that triggers a mandatory
open offer to buy an additional 20 percent, could
mean the company was not keen to take
management control of the hotel chain

m he share sale to 0IL values EIH at around 0s 2.4

crore per room