Hospitality
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Marriott International bolsters commitment to South Asia with addition of over 4,600 rooms to development pipeline, unveils expansion plans for 2024
Marriott International, the world's largest hotel chain by number of rooms, reaffirmed its long-term commitment to South Asia on Tuesday by adding more than...
ICRA forecasts 7-9% revenue growth for Indian hotel industry in FY25
According to a report by credit rating firm ICRA, the Indian hotel industry anticipates a revenue growth of seven to nine per cent in...
Hotel association calls for GST reform, seeks 5% rate for in-house restaurants
Hoteliers in the western region, under the banner of the Hotel And Restaurant Association (Western India) – HRAWI, have urged the government to de-link...
Mahindra Holidays explores resort expansion across multiple Indian states
Mahindra Holidays & Resorts has entered into an agreement with the Andhra Pradesh government to invest INR 500 crore in the state. Additionally, the...
Radisson Blu, Kaushambi sets the bar high with a series of dynamic events and culinary delights throughout January
Radisson Blu, Kaushambi, known for its dedication to superior hospitality and innovative event coordination, successfully executed a range of dynamic and captivating events throughout...
Hotels set to achieve 11-13% revenue growth in next fiscal despite high base: CRISIL Ratings
According to a recent CRISIL Ratings analysis of branded hotel companies with 70,000 rooms across categories, the hospitality industry in India is poised for...
Marriott International and Oberoi Realty partner to elevate Mumbai’s hospitality landscape with flagship hotels
Marriott International has partnered with Oberoi Realty Ltd to bring the Marriott Hotels flagship brand and its JW Marriott portfolio to Mumbai. Scheduled to...
OYO ventures into sports hospitality business, shortlists 100 hotels across 12 cities
Hospitality and travel-tech firm OYO on Thursday announced its foray into sports hospitality business shortlisting 100 hotels across 12 key cities, including Delhi, Chennai,...
Yotel eyes entry into Indian market, CEO Hubert Viriot confirms advanced talks for maiden hotel project
London-based hotel management chain Yotel is in advanced discussions and evaluating opportunities to sign its maiden hotel project in India this year, according to...
OYO executives hold talks with SEBI to expedite IPO approval process
According to reports, the lead bankers and senior executives of hospitality unicorn OYO have met with officials from the Securities and Exchange Board of...
IPO-bound OYO’s Q3 FY24 profit doubles QoQ to INR 30 Cr
OYO, the IPO-bound hospitality unicorn, achieved its second consecutive profitable quarter in Q3 of the financial year 2023-24 (FY24), doubling its profit after tax...
India’s hospitality sector records 15.8% year-on-year RevPAR growth in Q4 2023: JLL Report
According to JLL's Hotel Momentum India (HMI) Q4 2023 report released on Friday, the Indian hospitality sector saw continued year-on-year growth in performance in...