ManagementGinger Hotels are 'Nano Taj': Ratan Tata
For the Tata group, which owns the luxury hotels brand Taj, Ginger Hotels are a sort of "Nano Taj" in terms of business.
- Ginger Hotels plans 11 properties - Tanishq launches festive offer - NEWSALERT: Voltas director Kulkarni retires - Nano fetches premium in used-car market - Tata Capital to raise Rs 2,100 cr by end of next fiscal - Advance tax collections shore up in Q2
Ginger Hotels are the group"s chain of budget hotels.
Tata group Chairman Ratan Tata termed Ginger Hotels as "Nano Taj" at Indian Hotels Company"s held annual general meeting.
Group company Tata Motors a couple of months back had rolled out Tata Nano, the world"s cheapest car.
"Taj Mahal Bombay was the company"s flagship property, which was also the highest revenue earner and the Ginger Hotels were in a manner of speaking the Nano Taj," Tata was quoted as saying in the minutes of the meeting filed with the Bombay Stock Exchange.
He was responding to a query as to which is the most prestigious property and the hotel which give the maximum revenue for the Indian Hotels Company.
Replying to another question on why the annual report did not have any coloured pictures, Tata said that it was due to the economic situation.
"The colour pictures in the annual report had been cut off due to the economy drive this year and they were anyway available on the Taj website.