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ITDC Posts Significant 19.05 Cr Profit

Ravneet Kaur, Chairperson, ITDC

India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, posted a significant performance in half yearly results of the current financial year 2018-19. The company registered a total turnover of Rs. 169.72 cr in H1 ending September 2018. Profit Before Tax (PBT) of Rs. 19.05 cr was achieved during this period as compared to Rs. 13.96 cr in the corresponding period last year i.e. 2017-18, clocking an increase of 36.46 %. It also registered Profit After Tax (PAT) of Rs. 15.52 cr as compared to Rs. 10.40 cr during the same period in the previous year.

These details were announced in the Board of Directors' meeting of the company on 14th November, 2018 at the Group's flagship hotel, The Ashok, New Delhi. The momentum generated in last financial year has also continued in first half of the financial year 2018-19. Ashok Travels & Tours (ATT) and Ashok Events Division (AED) were among the major revenue contributors for the mentioned period.

Jin Jiang International Holdings Acquired Radisson Hospitality

John M. Kidd, Chief Executive and Chief Operating Officer, Radisson Hospitality, Inc.

In response to the announcement, John M. Kidd, Chief Executive Officer and Chief Operating Officer for Radisson Hospitality, Inc., issued the following statement:
"This marks yet another incredible milestone in our company's storied history and one that I'm confident will elevate Radisson Hotel Group to a new level of strength as a global leader in the hospitality industry. When we announced our re-branding earlier this year to Radisson Hotel Group, we shared our vision for the company, which was to be the company of choice for guests, owners and talent.

We are now owned by one of the leading travel and hospitality companies — the fifth largest hotel company in the world.1 Additionally, Jin Jiang's loyalty program encompasses more than 100 million members. This type of size, coupled with the record number of Chinese consumers traveling abroad, provides a number of new opportunities for Radisson Hotel Group.

The consortium led by Jin Jiang will work with us to improve and execute our five-year plan, while continuing to deliver outstanding customer and guest service."

Lemonade Music Festival in Goa

All the music lovers in the city, head to LEMONADE for an enthralling evening to be enjoyed with your Friends. Skillbox, an art social network and discovery platform, announces the Music event LEMONADE Festival on 31st December, 2018 in Goa.

With 18+ hours of music starting from the noon on New Year's Eve and lots of new and exciting experiences across the lawns of the resort and the shoreline of Mandrem, the festival promises to be more fun elements in your way and an incredible experience for artists and party animals alike. With a carefully curated line up ranging from reggae and dub to electronic, house, techno and drum n bass with some surprises in between to keep your foot tapping to the early hours of the new year. Will be perform live- across two stages facing the beautiful shores of North Goa at Riva Beach Resort, A Sea side stage with 10,000 lions sound system.

(For full stories read SAFARI INDIA)