Page 3 of hospitality

Hotel industry reports marginal RevPAR growth in Oct 2024 on high base effect, festive season; medium-term demand outlook remains positive

Hotel industry to check-in demand growth in H2 after high base effect, festive season leads to marginal RevPAR growth in Oct 2024

While FY24 saw an industry RevPAR growth at 14 per cent, with various estimates pegging industry supply CAGR at 5-6…

December 5, 2024 11:52 IST

hospitality sector, hybrid hospitality, travel industry, workations, flexible spaces, Hotel Revenue, co-working areas, Remote workers

The evolution of hybrid hospitality and the rise of workations in today’s travel landscape

Hybrid hospitality is changing the way hotels function, and it’s not just about making accommodations more comfortable. It’s about creating…

November 27, 2024 13:09 IST

World Cup 2023, ICC Men’s Cricket World Cup, economic impact, ICC, hospitality, tourism, foreign tourists, revenue generation, Job creation

Cricket frenzy adds a kicker to India’s economy: ICC Men’s Cricket World Cup 2023 generates economic impact of Rs 11,637 crore

Direct investment into staging the event from both the ICC and the BCCI combined with a programme of stadium upgrades…

September 19, 2024 11:28 IST

Hotels check-in profit expectations; industry gears up for booking bonanza ahead of festive period

In terms of regions, per the report, ARR growth was led by Mumbai which stood at 21-23 per cent on…

September 3, 2024 12:40 IST

Aurionpro, order, Municipal Corporation of Panvel, security infrastructure, smart city

Ramkrishna Forgings approves 100% stake divestment in its hospitality management business to Yatra Online

Naresh Jalan, Managing Director, Ramkrishna Forgings Ltd, said, “As part of our strategic product rationalization initiative, we have decided to…

September 2, 2024 15:09 IST

long weekend, Independence Day, Raksha Bandhan, travel demand, hospitality industry, travel industry, hotels, hotel occupancy, average room rate, popular destinations, tourist destinations, air travel, price hike, holidays

Celebrating I-Day and Raksha Bandhan: Hospitality, travel industry braces for travel demand surge this long weekend, ARRs rise by 15-20%

Booking.com said that there is a growing appetite for short breaks with 65 per cent of Indian travellers seeking a…

August 15, 2024 15:25 IST

For big hotel brands, boutique is beautiful

Focus on small properties with niche experiences, locations.

August 4, 2024 05:30 IST

Radisson Hotel Group, new hotels, expansion, hospitality industry

Radisson Hotel Group announces signing of 10 new hotels in South Asia

Radisson Hotel Group has signed 10 new hotels across brands, including Radisson Blu, Radisson, Radisson Individuals, and its brand extension…

June 26, 2024 13:18 IST

Empowering Leadership: Women pioneering change in India’s hospitality sector

These narratives of women in hospitality transcend individual achievements, emblematic of a larger movement towards inclusivity and equality within professional…

Updated: August 27, 2024 17:08 IST

The investment is being made through Compulsory Convertible Cumulative Preference Shares, each priced at Rs 29

Oyo plans to raise funds at 60% valuation cut

‘Oyo has also been approached by friendly investors and may do a small equity round at a $3-4 billion valuation,…

May 23, 2024 02:15 IST

Radisson Hotel Group, hotel industry, hospitality, Mandrem Beach Resort

Radisson Hotel Group unveils Mandrem Beach Resort in Goa

“We remain committed to catering to the mounting demand for premium experiences with offerings like Radisson Individuals Retreats and growing…

May 15, 2024 15:34 IST

Other Mumbai-based companies such as Oberoi Realty and Tata Realty & Infrastructure are also opening new premium hotels In the city.

Phoenix to build hotels near Mumbai, Bengaluru

The company currently runs a St Regis property in Lower Parel area of Mumbai and Courtyard by Marriott in Agra.

May 13, 2024 03:30 IST

ITC Hotels, Colombia, Hospitality Industry, Sri Lanka, Hotel Brands,

ITC Hotels makes first overseas check-in with Colombo property

Slated to open in 2017 after the groundbreaking took place in November 2014, the hotel finally opened its doors in…

April 26, 2024 03:00 IST

The Tata group company’s board also recommended a dividend of Rs 1.75 per share.

Indian Hotels net rises 27.3% to Rs 418 crore

In comparison, the operator of Taj brand of hotels, had posted a net profit of Rs 328 crore for the…

Updated: April 25, 2024 00:27 IST

real estate, Brigade Enterprises, presales, sales volume, collections, occupancy, residential vertical, commercial segment, hospitality, new launches

Brigade Enterprises posts presales of Rs 6,013 crore during FY24, collections at Rs 5,915 crore

Under the operational leasing portfolio, Brigade Enterprises said that the leasing grew by 14 per cent YoY with 1 million…

April 17, 2024 09:59 IST

hotel industry, hospitality industry, RevPAR growth, ARR growth, occupancy, expansion, new hotel signings, room addition, business travel, leisure travel

Business travel boosts hotel room rates in India; See all details of what’s driving the uptick

ICICI Securities said that March 2024 is expected to report double digit YoY RevPAR growth and FY24E is expected to…

April 11, 2024 11:26 IST

hospitality industry, artificial intelligence, technology, environmental consciousness, hybrid hospitality, occupancy rates, experiential travel, automation, IoT devices, Sustainability

India’s thriving hospitality economy: 2024 trends shaping the future of the industry

The hospitality industry is increasingly incorporating automated systems such as self-service kiosks and virtual concierge services. These innovations streamline operations,…

March 30, 2024 16:13 IST

FHRAI, hotel industry, hospitality industry, DGFT, Ministry of Tourism, EXIM policy, foreign contribution, Foreign Trade Policy

FHRAI seeks relief for hospitality sector from DGFT’s secondary conditions

FHRAI has advocated for relief for the hospitality sector through persistent representations to the Ministry of Tourism and DGFT since…

March 29, 2024 11:57 IST

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