Page 4 of hospitality

Radisson Hotel Group, expansion plan, Radisson Blu Hotel, Jeewani Hospitality, EaseMyTrip

Radisson Hotel Group announces signing of 150-room Radisson Blu Hotel, Ayodhya, in partnership with Jeewani Hospitality and EaseMyTrip

Radisson Blu Hotel, Ayodhya, is being developed by Jeewani Hospitality in partnership with EaseMyTrip and is expected to open in…

February 20, 2024 14:56 IST

smart technology, water heating systems, hospitality sector, hotel laundromats, water heating systems

Role of smart technology in monitoring and controlling water heating systems in the hospitality sector

With technological advancements in modern hot water systems, the hospitality sector can efficiently manage and control this essential resource. Many…

February 18, 2024 12:54 IST

Radisson Hotel Group, expansion, India, branded hotel, hospitality sector, international portfolio, development, growth trajectory

Radisson Hotel Group accelerates growth with 21 properties in India in 2023

In the Indian market, Radisson Hotel Group has over 165 hotels in operation and development. The Group has plans to…

February 14, 2024 16:52 IST

Mahindra Holidays & Resorts India, Mahindra Holidays Q3 results, quarter earnings, profit, revenue, EBITDA, member additions, room inventory, resort occupancy

Mahindra Holidays & Resorts Q3 Results: Profit at Rs 11.65 cr, revenue up 5.4% YoY; posts highest ever Q3 member additions at 4708

Mahindra Holidays & Resorts India posted revenue from operations at Rs 634.82 crore, up 5.4 per cent in comparison to…

February 3, 2024 11:40 IST

Ram Mandir inauguration: Radisson Hotel Group announces opening of Park Inn by Radisson Ayodhya

Radisson Hotel Group, on Wednesday, announced the opening of its newest hotel in Ayodhya – Park Inn by Radisson Ayodhya.…

January 10, 2024 13:11 IST

2024 travel, 2024 hospitality industry, 2024 hotel trends, hotel trends in 2024, hospitality industry, top hotels

Indian hospitality expects robust growth in 2024

Following the setbacks caused by the pandemic, the tourism industry has witnessed a gradual recovery, with a significant surge in…

December 25, 2023 00:00 IST

budget 2024, interim budget, budget expectations, finance minister, Nirmala Sitharaman, hospitality industry, tourism and travel sector, GST rate, G20 Summit

Hospitality, tourism sector set for robust hiring surge amidst domestic travel boom!

A report by the Hotel Association of India (HAI) foresees the hotel industry’s direct contribution to India’s GDP reaching USD…

Updated: December 10, 2023 08:29 IST

World Cup, ICC World Cup 2023, match dates, hotel industry, revenue increase, occupancy, ARR, demand, bookings, hotel tariffs, air tickets, quarter earnings, profit

Not all was lost at World Cup 2023: Major boost for hotel industry with +90% occupancy at upto 500% higher ARRs

The average room rates (ARRs) shot up significantly, being in the range of 120-150 per cent depending on whether it…

November 27, 2023 15:28 IST

Accor, Novotel property, Novotel Jaipur Convention Centre, new property, launch, sustainable practices, , MICE, electric vehicle charging stations, solar power plant

Accor announces opening of Novotel Jaipur Convention Centre with focus on sustainable practices

Accor has announced the launch of its 24th Novotel property in India, with the opening of Novotel Jaipur Convention Centre…

November 4, 2023 13:24 IST

hotel industry, revenue growth, operating margin, G20 summit, ICC World Cup 2023, ARR, RevPAR, management contracts, demand, premium hotels, inflation, new properties, land & construction cost, supply addition

Indian hotel industry to post double-digit revenue growth, 25-28% operating margin growth in FY24, says ICRA

ICRA’s sample comprising 12 large hotel companies is expected to report operating margins of 25-28 per cent for FY2024, as…

October 25, 2023 13:14 IST

ibis Styles Hotel, InterGlobe Hotels, Accor, joint venture, launch, hospitality, expansion, network

InterGlobe Hotels, Accor JV announces launch of ibis Styles Goa Vagator

The newly launched, 142-room hotel is the second ibis Styles hotel in Goa and is strategically located near Goa MOPA…

October 5, 2023 16:59 IST

ITC Hotels, management agreement, Welcomhotel Kalimpong, hospitality industry, luxury properties, sustainable luxury

ITC Hotels signs management agreement for Welcomhotel Kalimpong

ITC Hotels announced the signing of Welcomhotel Kalimpong resort under a management agreement with Pravez Constructions Private Limited.

September 21, 2023 15:59 IST

Reliance Industries Q2 Results, RIL Q2 results, Mukesh Ambani, profit, revenue, O2C segment, Reliance Retail Jio, Oil and Gas segment

Reliance Industries, Oberoi Hotels to jointly manage hotels in India and UK

Reliance Industries and The Oberoi Hotels and Resorts (Oberoi) will jointly manage three properties across India and the UK.

August 25, 2023 07:40 IST

ITC Ltd, Q1FY24, quarter results, profit, revenue, EBITDA, FMCG, hostel business, agri business

ITC Q1 results: Profit up 16.1% at Rs 5180.12 crore, revenue drops by 6%

ITC posted revenue from operations at Rs 18,639.48 crore, down 6.0 per cent as against Rs 19,831.27 crore during the…

August 14, 2023 19:03 IST

Taj Gvk Hotels & Resorts, Q1FY24, quarter results, revenue, profit, EBITDA, hospitality, occupancy

Taj GVK Hotels & Resorts Q1 profit down 17.3% at Rs 13.21 crore, revenue up 7.1%

Taj GVK Hotels & Resorts posted revenue from operations at Rs 91.60 crore, up 7.1 per cent as against Rs…

August 9, 2023 14:03 IST

ITC’s intelligent demerger of its Hotel Business to benefit shareholders in the long-run

Under the scheme of the arrangement, the hotel division will be hived off into a new wholly owned subsidiary, with…

July 26, 2023 07:34 IST

ITC approves demerger of hotel business, to incorporate ITC Hotels Ltd

The company will hold a stake of about 40 per cent in the new entity and the balance shareholding of…

July 24, 2023 16:17 IST

Royal Orchid & Regenta Hotels expands internationally with Regenta Arie Lagoon in Sri Lanka

The new property is situated in Thalahena. Benefiting from its strategic location, a convenient 30-minute drive from the airport and…

June 12, 2023 11:41 IST

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‘India observed JF-17 during Op Sindoor’: Russian expert on reported RD-93 Pak sale

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The sale of RD-93 engines to Pakistan’s JF-17 aircraft will have two benefits for India, according to Russian defence experts. This decision has caused a political dispute between Congress and BJP, with Congress questioning the government’s failure to isolate Pakistan diplomatically. However, a Russian official has denied the claim, stating that there is no confirmation of the sale.

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