Word: hotelful
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...Tata group's global clout means that its chairman's thoughts get concrete results. Tata comprises 96 companies, including the world's second largest tea business (Tata Tea), Asia's largest software firm (Tata Consultancy Services), a steel giant (Tata Steel), a hotel chain (Indian Hotels) and a sprawling vehicle-manufacturing arm (Tata Motors) that includes a bicycle factory in Zambia and a project to make a car selling for $2,200. Since Tata became chairman in 1991, he has multiplied the Tata group revenues seven times to an annual $21.13 billion. Since 2000, the group's market value...
...from the Tata name. The company's founder, J.N. Tata, was a nationalist driven by the idea of a strong, self-reliant India. He gave the country its first steel mill, first hydroelectric plant, first textile mill, first shipping line, first cement factory and even its first world-class hotel. His successors--among them J.R.D. Tata, India's first pilot--created the first airline, first motor company, first bank and first chemical plant. And much like H.J. Heinz in the U.S., J.N. Tata attached social welfare to his business. Tata Steel introduced a series of worker benefits that would become...
...rear-engine runabout he designed himself that's currently under development. Another is the Ace, a 700-cc truck that Tata Motors sells for less than $5,000; it's a runaway success. Purchases of these vehicles are supported by low-interest consumer loans from Tata Finance. Tata's hotel chain is building 200 hotels across India under the Ginger brand, offering air-conditioned rooms with wireless Internet access for 1,000 rupees ($22), one-twentieth of the cost typically paid by business travelers today...
...titans to be taking up residence. But it's a testament to the rising prominence of one of China's hottest industries that the top five floors of the building will, in fact, be occupied by the lobby of a Park Hyatt that promises to be Beijing's snazziest hotel...
China has, of course, seen its share of gold rushes before, many of which ended with little return--or large losses--for investors who stampeded in. This time, many foreign companies seem set to make a tidy profit, not least because the hotel business is one industry in which Chinese firms are not yet equipped to undercut overseas rivals while also providing the requisite quality of service. "You can knock off Prada or Montblanc," says Ralph Grippo, China manager for the Ritz-Carlton hotels. "But there's no way you can knock off luxury service. It's about human beings...