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Five-star hotels in the national capital are witnessing an unprecedented surge in room tariffs and high occupancy rates on peak demand as thousands of delegates are set to descend on New Delhi for the India AI Impact Summit 2026, scheduled from February 16-20 at Bharat Mandapam.. According to an official release earlier this week, the Summit has garnered strong interest from the global community, with over 35,000 registrations received ahead of the event. With demand outstripping supply, steep room tariffs and near-full occupancy rates at most sought-after five-star hotels in New Delhi are expected to send prospective tourists' plans for bookings around the India AI Impact Summit dates into a tizzy. Hotel websites and travel portals show that standard rooms at premier five-star hotels in the city, which usually fall in the Rs 20,000 to Rs 40,000 per night range, have now been listed at rates approaching lakhs and in some categories exceeding Rs 4 lakh to Rs 5 lakh per night for peak
Indian Hotels Company Limited (IHCL) on Tuesday reported a 45 per cent decline in its consolidated net profit of Rs 318.26 crore for the second quarter ended September 2025. In the year-ago period, the country's biggest hospitality player had posted a consolidated net profit of Rs 582.71 crore. The decline is despite revenue growth during the July-September quarter under review, as revenue from operations stood at Rs 2,040.89 crore, as against Rs 1,826.12 crore a year ago, according to a regulatory filing. At the same time, Tata Group-owned IHCL's total expenses also increased to Rs 1,671.54 crore, from Rs 1,502.01 crore in the same quarter of the last fiscal. IHCL, which owns the 'Taj' marquee brand, has two primary revenue segments, including Hotel Services and Air and Institutional Catering (TajSATS). "IHCL continued its accelerated growth momentum in the first half of FY2026 with 46 signings to reach a portfolio of 570 hotels and opened 26 hotels, crossing a milestone of over
The country's biggest hospitality player Indian Hotels Company Limited has reported a malware incident, saying immediate action has been taken to contain the impact and secure its systems, maintaining that the Tata Group-owned firm is closely monitoring the situation while operating business as usual. Indian Hotels Company Limited (IHCL) informed about the incident in a regulatory filing on Thursday. "We would like to inform the exchanges that the Company has detected a malware incident, affecting select IT systems and immediate action has been taken to contain the impact and secure the systems. The relevant authorities have been duly notified. The Company continues to monitor the situation closely while operating business as usual," Indian Hotels Company Limited stated in the filing. Benares Hotels, a subsidiary of IHCL, also posted a similar regulatory filing on Friday, informing the stock exchanges regarding the IT security incident. Benares Hotels Limited is a listed public ...