Anantara moves into India with the launch of the Anantara Jaipur Hotel. Photo: Anantara
Anantara moves into India with the launch of the Anantara Jaipur Hotel. Photo: Anantara
Anantara moves into India with the launch of the Anantara Jaipur Hotel. Photo: Anantara
Anantara moves into India with the launch of the Anantara Jaipur Hotel. Photo: Anantara

Anantara to make debut in India this year with luxury Jaipur resort


Hayley Skirka
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India is set to welcome its first Anantara hotel before the end of this year.

The luxury hotel group — known for its Thai-inspired hospitality and hotels in distinctive surroundings — will debut in the Pink City with the launch of the Anantara Jaipur Hotel.

Anantara's first Indian property will include luxurious suites with private plunge pools, a full-service spa and a mammoth events venue capable of catering for thousands of guests under one roof.

Located in the capital of India's largest state of Rajasthan, Anantara Jaipur Hotel will combine Indian opulence with modern comforts.

Part of the Minor Hotels group, the new-build property will welcome guests via an impressive entryway that opens on to a double-height ceiling and grand staircase.

Anantara Jaipur Hotel will open in the fourth quarter of 2023. Photo: Anantara
Anantara Jaipur Hotel will open in the fourth quarter of 2023. Photo: Anantara

The hotel's 150 rooms and suites will include four terrace suites, each with its own plunge pool.

The cuisine will be a highlight at Anantara Jaipur Hotel, with a speciality Indian fine-dining restaurant and terrace, an all-day dining restaurant with a show kitchen and a rooftop bar offering stunning views of the city.

The Anantara Spa will have five treatment rooms and a beauty salon, plus a fitness suite and outdoor pool. Extensive gardens will give guests a tropical hideaway, while children are looked after in the kids' club.

Striving to be the next big venue for Indian weddings in Jaipur, the hotel will cater to both intimate and large-scale celebrations. It will have a variety of indoor and outdoor venues available, including a ballroom, banquet room, pavilion and lawn, with the largest comfortably accommodating 2,500 guests.

“We are excited to expand our footprint in India with this important new project that will marry Anantara’s trademark take on authentic, indigenous luxury with outstanding wedding and event facilities. Jaipur is one of India’s most vibrant destinations, with a huge destination wedding potential, and I look forward to working with Ajay Gangwal [the owner of the property] and his team to launch our first Anantara in India, which is a significant strategic step for Minor Hotels,” said Dillip Rajakarier, group chief executive of Minor International.

Guests seeking an exclusive stay can book the hotel's 160-square-metre Royal Suite, which comes with a sweeping terrace, private pool and memorable vistas.

Part of India's Golden Triangle circuit and home to a number of Unesco World Heritage sites, Jaipur is a popular tourist destination and Anantara Jaipur Hotel will offer luxury travellers another place to stay in the city.

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

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Updated: April 12, 2023, 10:01 AM