Hotels

As throngs of tourist groups crowd popular destinations like Goa, Jaipur and Shimla, travel operators are racing to invest in untouched corners of the country

Radisson Hotel Group has promoted Vikram Berry and Faisal Nafees to senior operational leadership roles, reinforcing its expansion and performance focus across South Asia

The hospitality major strengthens its India presence with 59 new signings in 18 months, aiming to open 500 hotels by 2030 across business and leisure destinations

Ventive, Brigade, Samhi and Chalet Hotels plan bulk of new inventory near metro office hubs as corporate travel and weekday occupancy boost room yields

According to the guidelines, "restaurant services" within "specified premises" are to be taxed at 18 per cent, with Input Tax Credit, while others continue to be taxed at 5 per cent without ITC

For years questions have swirled in the travel industry about whether the company can maintain impartiality in awarding stars to local restaurants

The hotel body said retrospective GST demand notices and withdrawal of ITC have created cost burdens for hotels, threatening investments and tourism growth

Hyatt Hotels will add over 10 hotels annually in India, targeting 150 in five to six years, as it brings new global brands and expands into branded residences

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.

Oyo's parent firm is expanding into the premium segment with CheckIn app, which features hotels, homes, and holiday rentals. The existing app will continue to serve value-conscious travellers

Brigade Hotel Ventures Ltd has posted a consolidated net profit of Rs 7.16 crore in the first quarter of this fiscal. The company, which recently got listed on the stock exchanges after the successful Rs 760 crore IPO ( Initial Public Offering), had posted a net loss of Rs 5.78 crore in the year-ago period. Total income rose to Rs 125.03 crore in the April-June period of 2025-26 fiscal from Rs 102.20 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday. Brigade Hotel Ventures Ltd, a subsidiary of realty firm Brigade Enterprise, has a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and the GIFT City (Gujarat) with 1,604 keys. Commenting on the results, Nirupa Shankar, Managing Director, Brigade Hotel Ventures, said, "Our Q1 performance reflects the strength of our diversified portfolio and our ability to navigate market challenges while capturing new ...

Hotels report near-full bookings and airfares rise sharply ahead of the Independence Day long weekend, with strong demand across leisure and drive-in destinations

Brigade Hotel Ventures Ltd, owner and developer of hotels in south India, on Wednesday raised Rs 325 crore from anchor investors, a day before its initial share-sale opening for public subscription. The anchor book saw participation from investors, including SBI Mutual Fund (MF), 360 One MF, Axis MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF and Nuvama MF, according to a circular uploaded on the BSE's website. As per the circular, Brigade Hotel Ventures has allotted over 3.6 crore equity shares to 17 funds at Rs 90 apiece. This aggregates the capital raising to Rs 324.72 crore. The initial public offering (IPO) is scheduled to open on Thursday and conclude on July 28. The price band has been set at Rs 85 to Rs 90 per share. At the upper end of the price band, the company is valued at over Rs 3,400 crore. Brigade Hotel Ventures' IPO is entirely a fresh issue of equity shares worth Rs 759.6 crore with no offer-for sale (OFS) component. Proceeds from the issue to the tune of Rs 468

The resolution plan was approved by the committee of creditors (CoC) on July 14 following which a letter of intent was issued in favour of the consortium

With the withdrawal of these regulations, Delhi Police will no longer be responsible for issuing No Objection Certificates (NOCs) or other licences for these commercial activities

Hyatt had entered into a deal to buy Playa, which operates 24 high-end, all-inclusive resorts across Mexico, Jamaica and the Dominican Republic

The app will support more Indian languages, enable driving licence onboarding, and run pilots for international and hotel check-ins over the next few months

Realty firm Prestige Estates Projects Ltd has partnered with Valor Group to develop an office complex worth Rs 4,500 crore in Mumbai. In a regulatory filing on Thursday, Prestige Estates said that it has entered into a framework agreement with Valor Estate Ltd and its wholly owned subsidiaries for jointly developing a project on lands admeasuring in the aggregate 21,978.22 square metres at Andheri West, Mumbai. The project entails a total leasable area of 1.5 million sq ft and a Gross Development Value (GDV) of about Rs 4,500 crore. Both Prestige Estates and Valor will have a 50 per cent economic interest in the project. "The company and Valor Group shall jointly develop approximately 1.50 million sq. ft. leasable area commercial office complex on a 50:50 joint venture basis," Prestige Estates said. The company will infuse Rs 504 crore into the SPV (special purpose vehicle), which will be established to develop this project. Bengaluru-based Prestige Estates is one of the leading

Hotel Deoghar in Jharkhand, Radisson RED Puri in Odisha, and Radisson Resort and Spa, Ranchi in Jharkhand are the new signings, with a combined key count of 400, the group said in a release

MakeMyTrip reports record gross bookings of $9.8 bn in FY25, led by domestic and international travel growth; Q4 profit down due to last year's one-time gains