Hospitality Sector

Mahindra Holidays plans to add 1,000 resort keys over the next six months, with 70 per cent of capital earmarked for new resorts, despite higher costs and project delays.

The expansion could translate into 190,000-210,000 additional hotel keys across segments, as business, leisure and experience-led travel continue to grow

Ixigo aims to become India's largest budget-to-mid-market hotel booking platform in four to five years, with plans to grow the business by over 100% in the next four quarters.

The company's net profit was ₹16.93 crore during the corresponding period of the previous fiscal year, Mahindra Holidays & Resorts India said in a regulatory filing

Transaction volumes touched $497 million in the first half, with IBC-led deals accounting for 58 per cent and Tier-II and Tier-III cities capturing 60 per cent

The 226-room property in Whitefield is owned by Dan Hospitality India Pvt. Ltd. and managed by Hilton, marking the hospitality group's entry into India's luxury market with its LXR brand

Bellona Hospitality, the food and beverage arm of Phoenix Mills Ltd, is targeting Rs 600-650 crore revenue by 2029-30, driven by its portfolio expansion to 100 restaurants across its brands, a top company executive said. Bellona Hospitality, which operates 32 restaurants across five cities under five brands, reported around Rs 150 crore revenue in FY26, its Managing Director Prashant Issar told PTI. The company operates a portfolio of six brands - Ishaara, Dobaara, Cha Hongkong Eating House, Eight, Allora Milano and Legume - across Mumbai, Pune, Bengaluru, Ahmedabad and Lucknow. For this expansion, Issar said the company has set a capex of Rs 100 crore, which will be raised through internal accruals. This expansion will mainly be within the five cities where the company's brands are present, besides in places where there are Phoenix Malls. "There is significant scope for expansion in the five cities where we are currently present. We plan to add another 20-30 outlets across these

The 287-key hotel in Khopoli, located beside Imagicaa's theme and water parks, will add an operating, cash-generating property to Juniper Hotels' hotel portfolio

Pride Hotels is looking to launch its initial public offering (IPO) by December, with the issue size expected to be around Rs 1,000 crore, as the hospitality chain accelerates expansion across leisure, wedding and corporate events and pilgrimage destinations, CEO Satyen Jain said. "We have opened nine hotels in the last 12 months. This is the ninth in Indore," Jain said in an interaction with PTI. The expansion has taken Pride Hotels' portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has also signed contracts for another 32 hotels, which are expected to open over the next one-and-a-half to two years, taking its portfolio to about 72 properties. "Our focus is on four segments -- going deep in the markets where we are already present, targeting large wedding and MICE (Meeting, Incentive, Conference and Exhibition) hotels, entering new leisure destinations and expanding in pilgrimage," Jain said. Among these, pilgrimage destinations are ..

The rating agency expects hotel occupancy to remain at 72-74 per cent and premium room rates to rise, although geopolitical and inflationary risks could weigh on margins

The World Sustainable Hospitality Alliance (WSHA) will train around 2,000 young people from disadvantaged backgrounds in India to help them gain skills and practical experience for employment in the hospitality sector, according to its President and CEO Glenn Mandziuk. "Our Employability Programme is now active in 20 cities across the country. It has over 4,000 trainees, including more than 3,000 graduates and 2,000 in full-time employment," Mandziuk told PTI. "This year, we are on track to train close to 2,000 young people under the programme," he said. The initiative aims to improve youth employment and promote inclusivity by providing young people with the skills and experience needed to embark on their careers in the hospitality industry. "Genuine sustainable growth in hospitality isn't just about expansion. It is also about the people we bring along with us. Our Employability Programme goes beyond filling vacancies. It is a strategic investment in building a resilient workforc

Radisson Hotel Group on Monday announced it has signed 10 new hotels in the second week of July, expanding its footprint across seven states and strengthening its growth trajectory in India. The 10 hotel signings span six brands, Radisson Blu, Radisson, Park Inn by Radisson, Radisson Individuals Premier, Park Inn & Suites by Radisson, and Radisson Individuals Retreats. The signings add hotels across major pilgrimage and temple-town markets, including Radisson Hotel Tirupati (Andhra Pradesh), Park Inn & Suites by Radisson Mathura Vrindavan (Uttar Pradesh), and Park Inn & Suites by Radisson Kadapa Airport (Andhra Pradesh). Besides, the group also plans to add more hotels to its current portfolio of 7 operational properties and a pipeline of 5 hotels in Bengaluru, India's technology capital and a strategic growth market. The recent signings include Radisson Blu Resort & Spa Bengaluru, Park Inn by Radisson Electronic City, and Lavish Hotel Bengaluru, a member of Radisson ..

Revenue from operations rose 14.8% to ₹936.02 crore, while hotels segment revenue grew 10.1% and profit before tax increased 31.5%

Realty firm Omaxe on Monday said it will invest Rs 6,200 crore over the next five years to develop 19 hotels across five states as part of its expansion plan. In a regulatory filing, the company announced its dedicated hospitality business vertical. The company "plans to develop 19 hotels spread over nearly 5 million sq ft across five states in the next 4-5 years," it said. The company proposes to invest about Rs 6,200 crore over the next 4-5 years, the filing said. Omaxe will rope in hospitality chains to manage these hotels. These hospitality projects will be constructed across high-growth urban centres, pilgrimage destinations, and transit corridors. These hotels will be integrated with Omaxe's existing ecosystem of townships, mixed-use developments, commercial destinations and urban infrastructure projects. Of the 19 hotels, 12 will be developed in Uttar Pradesh, including two each in Ayodhya and Vrindavan, and three in Lucknow. Among the key projects, Omaxe will develop a

IHG Hotels aims to double its India footprint to 400 hotels by 2030 and is open to acquiring assets as demand and branded hospitality growth accelerates

Catch spices maker DS Group will invest ₹400 crore in a 200-room W Hotel in Delhi Aerocity and plans to add up to 12 hotels by FY29 with investments of around ₹1,000 crore

Hotel investments in India surged 67 per cent to $567 million last year, according to JLL, while demand is forecast to rise about 11 per cent annually over the next several years, outpacing supply

Analysts expect room rates to improve in the upcoming quarters as the impact of the West Asia crisis may normalise

Indian corporations are poised to become large brand owners in the US, shifting American consumers' perception about India's soft power well beyond Bollywood and IT, founder and CEO of Oyo-parent firm PRISM Ritesh Agarwal said, stressing the importance of technology, as he underlined that "India's time is now". Agarwal noted that India is the second biggest office for 'FAANG' - an acronym for five of the most prominent US technology companies: Facebook (Meta), Amazon, Apple, Netflix, and Google. Agarwal highlighted that his company has "very aggressively" expanded its international footprint and now makes the most amount of sales globally in the United States. "We are also the single largest economy hotel brand owner here in the US, with the acquisition of Motel Six," he said. In 2024, OYO completed its USD 525 million acquisition of G6 Hospitality, the parent company of the US hospitality brand Motel 6, the largest owned-and-operated hotel chain in North America. "I feel we are go

The Ladakh administration has decided to grant industry status to hotels and guest houses registered with the tourism department in a move aimed at strengthening the hospitality sector and boosting tourism-led economic growth, officials said. Lt Governor VK Saxena on Wednesday approved the grant of 'Industry' status to registered hotels and guest houses in the Union territory, they said. The decision, which will come into effect from June 1, 2026, is expected to provide a substantial fillip to tourism establishments through incentives, concessional utility tariffs and easier access to institutional finance, they said. Officials said hotels and guest houses would now be eligible for electricity and water tariffs at industrial rates, which are lower than the commercial rates which are currently applicable to such establishments. They would also qualify for concessional bank loans under various state and central government industrial policies besides exemption from property tax, they