Hotel Industry

International expansion exploration on, capex plan of ₹1,300 crore till 2030

Tata Group-owned Indian Hotels Company Ltd (IHCL) on Monday reported a 14.71 per cent year-on-year (YoY) rise in its consolidated net profit for the fourth quarter ended March at Rs 645.43 crore. The country's largest hospitality player had a net profit of Rs 562.66 crore a year ago, a regulatory filing showed. Its Revenue from Operations increased to Rs 2,765.29 crore during the fourth quarter of FY 2025-26, from Rs 2,425.14 crore in the same period of the preceding fiscal. However, the company's total expenses also rose to Rs 2,014.91 crore in the quarter under review from Rs 1,764.26 crore in Q4FY25. The Board of Directors of the company also recommended a dividend of Rs 3.25 per share, subject to the approval of the members at the ensuing Annual General Meeting. Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL, said, "IHCL Consolidated clocked a double-digit revenue growth this fiscal, reflective of a broad-based performance - led by RevPAR growth of 9

The latest hike in the price of 19-kg commercial LPG cylinders used by hotels and restaurants has dealt a "severe blow" to the hospitality industry already reeling under the impact of closures and job losses, and will aggravate the situation, industry associations said on Friday. They urged the government to intervene and roll back the hike. The prices of commercial LPG - the one used in hotels and restaurants - have been hiked by Rs 993 to a record high of Rs 3,071.50 per 19-kg cylinder. Pradeep Shetty, Spokesperson, Hotel And Restaurant Association (Western India) - HRAWI & Vice President, FHRAI (Federation of Hotels and Restaurants Association of India), said, "Due to the recent rise in LPG prices, a 10 to 15 per cent hike in menu prices is imminent. But even that may not be enough to absorb the impact. We urge the government to urgently intervene, roll back this hike and stabilise LPG prices to give the sector some breathing space. Without immediate relief, the hospitality ...

InterGlobe Hotels bets on India's travel boom, flags hotel room shortage, plans expansion to 300 properties amid rising domestic demand

India's hospitality sector is set for long-term expansion as strong domestic tourism, rising incomes and premiumisation trends drive hotel chains to add over 70,000 keys by 2030

Hotel chain plans five new openings in India and explores partnerships and investments, betting on strong domestic demand and rising discretionary spending

Kerten Hospitality enters India with plans for 1,000 keys, tying up with 3CF Advisors and working with asset owners to expand its lifestyle hotel brands

Geopolitical tensions may hit foreign tourist inflows, affecting occupancies and room rates even as domestic demand stays resilient; outlook hinges on conflict duration

Century-old property headed by the hotelier who helped reposition The Imperial New Delhi

With Delhi hotel rates surging ahead of the India AI Impact Summit, a survey shows most Indian consumers want a ceiling on room tariffs and stronger government action against excessive pricing

Luxury hospitality chain closes Dubai investment; property to be rebranded as The Leela, to open in 2027

Leela Palaces Hotels & Resorts Ltd on Friday reported a consolidated net profit of Rs 147.88 crore for the third quarter ended December, from Rs 56.40 crore a year ago, on strong revenue growth. The luxury hospitality player, which listed on the stock exchanges in June last year as Schloss Bangalore Pvt Ltd, reported a revenue from operations of Rs 457.43 crore for the third quarter, as against Rs 370.46 crore for the corresponding October-December period of last year, a regulatory filing showed. During the quarter under review, its total expenses also rose to Rs 219.60 crore, from Rs 183.51 crore a year ago. Notably, Leela Palaces Hotels & Resorts presented the "incremental impact" of the four Labour Codes notified by the central government in November under "Exceptional Items" amounting to Rs 6.4 crore in the consolidated financial results for the quarter and nine months ended December 31, 2025, according to its assessment. On November 21, 2025, the government notified the ..

As part of the transaction, Warburg Pincus has acquired APG's entire 41 per cent stake in Fleur and committed up to ₹960 crore of primary equity to fund Fleur's growth.

Chains hope for revival as stabilisation measures kick in

The structural outlook remains favourable, analysts said. Mumbai contributes nearly 15 per cent to India's hotel room revenue and disproportionately dominates the luxury segment.

NRAI says it will ramp up fire safety advisories and set up a task force to help members plug compliance gaps, after a nightclub fire in Goa's Arpora killed 25 people

Targeting luxury and mid segments, companies to chip at US, European brands' market share

Tourism Ministry seeks increased budget for conservation activities and promotion of museums

Mahindra Holidays is expanding beyond vacation ownership with Mahindra Signature Resorts, targeting its first luxury hotel by FY27 and eyeing 2,000 keys by FY30 as rising incomes

Gaurav Sharma that the growing investor confidence was leading to record levels of signings and transactions, pushing up industry metrics