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Hospitality
As yet another new year dawns, India's hospitality sector is gearing up for sustained growth momentum with a clear outlook of continued expansion, readying to welcome more foreign tourists than in pre-COVID days and hoping that their long-pending demand for infrastructure status will finally be granted by the government. Ever grateful to 2025 a "year of renewed optimism" hospitality players said that in 2026, the sector will continue to be predominantly domestic demand-driven, a trend that is structural rather than cyclical, with India's robust macroeconomic environment continuing to provide a strong foundation for the industry's growth. A harmonised infrastructure status for the hotel industry could unlock significant capital inflows for the sector, as it will facilitate easier financing, longer loan tenures, and lower interest rates, enabling smoother access to capital and reducing project delays caused by financial constraints. The structural reform will also bolster India's ..
Country Club Hospitality and Holidays Ltd (CCHHL) is planning to raise USD 100 million to set up premium leisure properties in the country, a top company official said. The funds will be raised either through GDR (global depository receipts) or FCCB (foreign currency convertible bonds), its Chairman and Managing Director Y Rajeev Reddy told PTI. Reddy said the funds would be used for setting up clubs and resorts at various locations across India. He said the company has turned debt-free by repaying Rs 600 crore in the first quarter of the 2025-26 fiscal. The Hyderabad-headquartered company operates and manages 30 properties on its own, while another 30 are managed through the franchise route. Besides clubs and resorts, CCHHL has forayed into real estate projects, both in the residential and commercial space. Reddy said such real estate projects would come up in Mumbai, Delhi, Bengaluru, Hyderabad and Chennai.
Hotel Association of India on Friday said the government's step to rationalise GST slabs has the potential to transform Indian hospitality into a globally competitive force, hoping for a tax rate of 5 per cent with input tax credit across hotels, restaurants, and tourism services. Welcoming the announcement by Prime Minister Narendra Modi on August 15 to bring next-generation GST reforms that will reduce the tax burden across the country, Hotel Association of India (HAI) said such reforms are essential to position India as a top tourism destination globally. It will ensure competitiveness vis--vis other international destinations and help in achieving India's goal of attracting 100 million foreign tourists annually by 2047, HAI said in a statement. "GST rationalisation has the potential to transform Indian hospitality into a globally competitive force. While we welcome the (GST) Council's consideration of a simplified structure, it is equally critical to align tariff thresholds with
Tata Group-owned Indian Hotels Company Ltd (IHCL) on Monday said a committee constituted by its board has approved and executed agreements to acquire about 51 per cent stake each in two entities -- ANK Hotels and Pride Hospitality -- which have a portfolio of 135 hotels operated under 'The Clarks Hotels & Resorts' brand. The transactions to be executed via cash consideration are expected to be completed by November 15, 2025. The share subscription and purchase agreements and shareholders' agreements were executed to acquire about 51 per cent equity stake for an amount not exceeding Rs 110 crore in ANK Hotels Pvt Ltd, and Rs 94 crore in Pride Hospitality Pvt Ltd, according to a regulatory filing. "The foregoing companies have a portfolio of 135 hotels which are operated under 'The Clarks Hotels & Resorts', primarily across India, IHCL said. The country's biggest hospitality player has also signed a distribution & marketing agreement with 'Brij Hospitality Pvt Ltd', which ...
Roseate Hotels and Resorts -- which owns luxury properties in India and the UK -- is eyeing new markets including Dubai, Italy, France and Switzerland and looking at diversifying its portfolio with a mix of owned as well as managed properties, the company's CEO Kush Kapoor said. In an interview to PTI, Kapoor emphasised upon the need to market India better, streamline visa processes and improve the working conditions for hospitality sector employees in terms of rationalising their working hours and better wages, as key to attracting more foreign tourists to India and having a better talent pool for the hotel industry. The Roseate Hotels and Resorts CEO also sought rationalisation of GST rates for the hospitality sector and lowering the number of licences required for hotels to reduce the compliance burden. "Yes the focus is very heavily on India. We definitely want to be in the upscale market and would like to grow in tier 2 and tier 3 cities also. For us the most important thing is
In a measure to boost the hospitality sector in the national capital, the Delhi government is likely to soon do away with the requirement of obtaining a health trade licence from the civic body for opening restaurants and eateries in the city. Lt Governor V K Saxena, speaking at the "Expresso" event hosted by The Indian Express on Friday, said the requirement of the license for opening restaurants in the city is being abolished. No immediate reaction from the Delhi government or the Municipal Corporation of Delhi (MCD) was available on the development. Recently, the Delhi government did away with the need to obtain 'Eating House Registration and Lodging Certificate' from the police by hotels, clubs, restaurants and guest houses for getting a license to serve liquor. The L-G, last month, withdrew the sanction granted to the Delhi Police Commissioner for the issuance of the eating house registration certificate under an ease-of-doing-business initiative. Speaking at the "Expresso" .
Growth of India's hospitality sector is expected to "normalise" at 6-8 per cent in the current financial year, rating agency Icra said on Monday while downgrading the sectoral outlook to "stable" from positive. The rating agency also stated that foreign tourist arrivals (FTAs) to India are expected to remain muted in the next few months in the aftermath of the terror attack at Pahalgam in Jammu and Kashmir, but are estimated to witness a gradual recovery thereafter. However, domestic tourism has been the prime demand driver so far and is likely to remain the same in the near term. Factors, including improvement in infrastructure and air connectivity, favourable demographics, and anticipated growth in large-scale MICE events, with the opening of multiple new convention centres in the last few years, will support the growth over the medium term, Icra said. According to the rating agency, the domestic hospitality sector's earnings and credit metrics are expected to remain stable in ..