Indian Hotels

Chalet Hotels Ltd aims to have around 5,500 hotel keys by FY30 as it expands beyond its traditional asset-ownership model, the hospitality player's MD and CEO Shwetank Singh said. The expansion marks a shift in Chalet's business model, with the company now pursuing a combination of third-party operated hotels, franchise properties and hotels under its own Athiva brand. The Athiva brand accounts for 1,200-1,300 keys of the pipeline. "So, the way we look at our business is that we have graduated from a pure asset-ownership model to having all three models in play. We will continue to have properties such as the Ritz-Carlton that are operated by third parties, franchise properties like Taj, and properties under our own Athiva brand," Singh told PTI in an interview. The company's upcoming portfolio includes a 380-room Taj hotel at Delhi Airport, with approximately 70 rooms expected to open by the end of this financial year. Ritz-Carlton Hyderabad, Hyatt Regency Airoli and Udaipur hote

Hilton has 60 hotels under construction and commitments for 400 more in India, as it bets on rising travel demand, religious tourism and growth in tier-II and tier-III cities

The all-stock merger will add seven hotels with 825 keys to IHCL's portfolio, simplify the group structure and strengthen its presence across South India

Tata Group-owned Indian Hotels Company Ltd (IHCL) on Monday said Oriental Hotels Ltd will be merged with IHCL through an all-stock transaction. The Boards of Oriental Hotels and IHCL have approved a Scheme of Arrangement to this effect. The Scheme of Arrangement proposes a share swap ratio of 25 IHCL shares for every 117 OHL shares, and aims to complete the transaction in the second half of FY2028. "In line with our Accelerate 2030 strategy of creating value, simplifying the group's holding structure and unlocking the full potential of OHL portfolio including iconic assets like Taj Coromandel, Chennai, Taj Fisherman's Cove Resort & Spa, Chennai and Taj Malabar Resort & Spa, Cochin, the Boards of IHCL and OHL have today approved this merger," Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL said. Oriental Hotels is an associate company of IHCL. The company has a portfolio of seven hotels with 825 rooms. This includes freehold assets: Taj Coromandel - ...

The Scheme of Arrangement proposes a share exchange ratio of 25 IHCL shares for every 117 Oriental Hotels shares, with completion targeted in the second half of FY2028.

Hotel and travel platforms report higher bookings, with younger travellers driving last-minute trips and demand spilling over into the first half of the coming week

Jefferies favours Indian Hotels, Tata Consumer, Tata Steel and Voltas, while remaining cautious on TCS, Tata Motors Passenger Vehicles and Tata Power

The Tata Group hospitality firm reported a 20.8 per cent rise in June-quarter profit, while warning that geopolitical tensions in West Asia could weigh on travel demand

Strong domestic travel, higher room rates and an expanding hotel portfolio are expected to drive IHCL's Q1FY27 performance and medium-term growth

IHCL plans to invest ₹6,000-7,500 crore over five years as it expands its hotel portfolio, backed by strong domestic tourism and healthy cash flows

Development becomes fourth hotel to be launched under the partnership

ICICI Securities has reiterated its 'Buy' rating on ITC Hotels, Indian Hotels Company, Leela Palaces Hotels & Resorts, Chalet Hotels, Lemon Tree Hotels and Brigade Hotel Ventures.

IHG Hotels & Resorts on Monday said it has signed a management agreement with Embrassio Hotels & Resorts Private Ltd, the hospitality arm of Vrindara Group, to develop a Holiday Inn property in Mathura, Uttar Pradesh. The hotel is scheduled to open in early 2030 and will offer 115 rooms and suites, the global hospitality company said in a statement. "The signing of Holiday Inn Mathura aligns with our strategy of expanding in high-potential destinations and bringing globally recognised brands to locations where travellers are seeking trusted hospitality experiences," IHG Hotels & Resorts Managing Director South West Asia Sudeep Jain said. IHG currently has 52 hotels operating across six brands in India and a strong pipeline of 98 hotels slated to open in the next 3-5 years.

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

Leading luxury hospitality players such as ITC Hotels and Radisson Hotel Group are reporting robust demand for domestic leisure travel this summer as affluent Indians increasingly choose destinations closer to home amid geopolitical tensions in West Asia. While outbound travel continues to remain an important aspiration for wealthy Indian travellers, factors like convenience, predictability and the expanding range of premium domestic experiences are encouraging more travellers to spend their summer holidays within India, top hospitality executives told PTI. "While affluent Indian travellers continue to maintain strong long-term interest in international travel, near-term geopolitical uncertainty, airline disruptions and elevated travel costs have encouraged many consumers to increasingly explore premium domestic alternatives," The Leela Palaces, Hotels and Resorts CEO Anuraag Bhatnagar said. At ITC Hotels, booking trends are running ahead of last year in several leisure markets. "T

Hotel chains and industry bodies expect stronger domestic tourism demand after PM Modi urged citizens to avoid non-essential foreign travel

IHCL to spend Rs 1,200 crore capex in FY27

Tata Group-backed Indian Hotels Company, along with its subsidiaries, has completed the acquisition of a 51 per cent stake in Brij Hospitality for a total investment of approximately Rs 222 crore, according to a regulatory filing. Consequent to the acquisition, Brij has become a subsidiary of Indian Hotels Company Limited (IHCL). In January, the country's largest hospitality player IHCL said it had entered into share subscription and share purchase agreements to acquire around 51 per cent shareholding in Brij Hospitality Private Limited. "IHCL, along with its step-down subsidiaries, namely ANK Hotels Private Limited and Pride Hospitality Private Limited, has completed the acquisition of 51 per cent of the share capital in Brij Hospitality Private Limited (Brij), for a total investment of up to Rs 222 crore," the filing said on late Tuesday evening. The acquisition comprises the purchase from existing shareholders of Brij, as well as primary investment in it through a combination of

From a structural standpoint, the Indian hospitality sector continues to benefit from favourable demand-supply dynamics and sustained growth in domestic travel

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