Hotel Industry

Thomas Cook (India) Ltd expects the proposed demerger of its resorts and resort-management business into Sterling Holiday Resorts to become effective by October 2027, according to a top company official. In an interview with PTI, Mahesh Iyer, Managing Director and CEO of Thomas Cook (India) Ltd, said the company expects the scheme to become effective by mid-FY28. "The application in respect of the composite scheme of arrangement has been filed before NCLT Mumbai. Accordingly, we expect the scheme to become effective by mid of FY28. However, the same is subject to the requisite regulatory and shareholder approvals," Iyer shared. In March, the Board of Thomas Cook (India) Ltd (TCIL) approved a proposal for the demerger of the company's Resorts and Resort Management business into Sterling Holiday Resorts Ltd (SHRL) and a subsequent capital restructuring of TCIL. Separately, on the company's inorganic growth strategy, Iyer said, Thomas Cook India remained open to exploring acquisitions

Juniper Hotels reported a 121 per cent rise in Q2FY27 net profit to ₹37.2 crore, supported by higher room rates and occupancy, while total income grew 10 per cent to ₹258.1 crore.

Chalet Hotels reported a 39.6 per cent rise in Q2FY27 net profit to ₹216.3 crore, while revenue fell 31.7 per cent amid a sharp decline in real estate segment income.

The agreements cover two existing properties in Lucknow and Corbett, which will join Hyatt brands, and two new hotels near Jim Corbett National Park

ITC Hotels reported a 52% rise in Q2FY27 net profit to ₹203 crore, with revenue up 26% and RevPAR growing 21%, as its board approved plans to establish a subsidiary in Dubai.

Strong room rates and occupancy lifted Q2FY27 performance, prompting an upgrade in FY27 revenue growth guidance; brokerages remain positive on the stock's prospects

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.

Indian Hotels Company expects to reach 700 hotels in FY27, ahead of its 2030 target, and has raised its FY27 revenue growth guidance to 15-17% from 12-14%

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.

Leela Palaces Hotels & Resorts reported Q2FY27 net profit of Rs 94.6 crore as operating revenue rose 33 per cent and revenue per available room increased 30 per cent.

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

Transactions included luxury resorts in Kerala and Coorg, luxury hotels in Agra, Mussoorie and Noida, and upper-upscale properties in Udaipur and Jaipur.

Radisson plans to launch its first branded residence in India by December and double its hotel portfolio to 500 by 2030, says global development chief Elie Younes

UP's hotel investment pipeline crosses ₹44,250 crore as rising tourist inflows spur new projects in Varanasi, Ayodhya, Lucknow and other cities

Hotels are witnessing strong demand for weddings ahead of the winter season, with bookings being made well in advance as sought-after properties report double-digit growth in wedding business and near-full availability during key months. Noor Mahal Delhi NCR Karnal, branded as India's first Autograph Collection Hotel by Marriott International, has seen its wedding business grow around 15 per cent from last year, with substantial business already confirmed for 2027 and enquiries extending to November next year, its Executive Director Roop Partap Choudhary told PTI. "We are witnessing encouraging momentum in the wedding segment, with approximately 15 per cent growth over last year, accompanied by an expanding and more diverse customer demographic," Choudhary said. More significantly, he said, families were committing to wedding venues much earlier than before, giving hotels visibility well beyond the immediate season. "Perhaps the most significant development is the widening of the .

Candice D'Cruz, Vice President, Luxury Brands, Asia Pacific, Hilton said that the company was not going slower compared to its global rivals

Brics Summit is the latest to turn the focus on the missing mid-segment

Former ITC executive Nakul Anand's book unpacks every aspect of the service industry, giving us the behind-the-scenes story of its iconic restaurant brands, Dum Pukht and Bukhara

Tariff spikes during the upcoming BRICS Summit lay bare a supply gap of over 200,000 branded hotel rooms as the industry seeks faster execution of new projects

IHG Hotels & Resorts on Monday said it has signed a management agreement with Discover Resorts Neral Pvt. Ltd. for a 200-key voco in Karjat, Maharashtra. The property will convert to IHG's premium brand by early 2028, the global hospitality company said in a statement. "voco is well suited to a destination like Karjat, where travellers are looking for a premium experience that feels distinctive, relaxed, and connected to the character of the place." said Sudeep Jain, IHG Hotels & Resorts Managing Director, South West Asia. IHG currently has 53 open hotels operating across seven brands in India and a strong pipeline of 110 hotels due to open in the next 3-5 years.