Luxury Hospitality

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

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

The global hospitality major debuts its Autograph Collection brand in India with Noormahal in Karnal, marking the launch of its 19th brand and expanding its portfolio in the country

PANAJI, Feb 27 (Reuters) - India's Leela Palaces Hotels & Resorts is betting that a tight supply of luxury hotel rooms ​and rising demand from wealthy travellers ill drive revenue and ​earnings growth in fiscal 2027, its chief executive said.

K Raheja-backed Mindspace Reit signs Chalet Hotels for a Rs 350 crore, 330-key luxury hotel at its Hyderabad campus, with completion targeted by Q4 FY28

In this session of Guru gyaan, M P Bezbaruah provided his rich insights on the Indian tourism sector that includes the current situation, reforms and other aspects.

Around 35,000 delegates from across the world are likely to attend India AI Impact Summit on February 19-20

A scion of the clan is leading the sale of a 138,000 square meter deep-water marina on the Thai island that was one of the key filming locations for season three of The White Lotus

A pool or billiards table is more than a sporting indulgence - it's a stage for connection, where the click of the cue ball is as much about the game as it is about the company you keep

Roseate Hotels and Resorts -- which owns luxury properties in India and the UK -- is eyeing new markets including Dubai, Italy, France and Switzerland and looking at diversifying its portfolio with a mix of owned as well as managed properties, the company's CEO Kush Kapoor said. In an interview to PTI, Kapoor emphasised upon the need to market India better, streamline visa processes and improve the working conditions for hospitality sector employees in terms of rationalising their working hours and better wages, as key to attracting more foreign tourists to India and having a better talent pool for the hotel industry. The Roseate Hotels and Resorts CEO also sought rationalisation of GST rates for the hospitality sector and lowering the number of licences required for hotels to reduce the compliance burden. "Yes the focus is very heavily on India. We definitely want to be in the upscale market and would like to grow in tier 2 and tier 3 cities also. For us the most important thing is

Schloss Bangalore has received an 'overweight' rating from Morgan Stanley, with a target price of ₹549

From Game Palacio to Formula Karting — Prasuk Jain shares how he built India’s new-age entertainment empire.

ITC Hotels Ltd on Tuesday said it signed 14 'Fortune Hotels' and opened seven new properties under the brand in 2024-25, to further strengthen presence, especially tier II and tier III markets. The new properties are located across emerging markets and gateway destinations and will further strengthen the brand's presence, especially tier 2 and tier 3 markets in the upscale to midmarket category, the company said in a statement. As of March 31, 2025, Fortune brand had a portfolio of 78 hotels comprising 56 operational hotels across India and Nepal with 22 hotels in pipeline, it added. "As we enter this new financial year, we reaffirm our commitment to sustained growth and excellence in hospitality," ITC Hotels Ltd Managing Director Anil Chadha said. He further said, "This footprint expansion endeavours to offer travellers access to prime locations and Fortune's comfortable hospitality." In FY25, the company said Fortune saw six new hotel openings in India at Pahalgam, Puri, Chennai

"The happening place in the world is India, so international is not our focus," said Chhatwal, who revealed that he had done his internship at The Claridges back in 1982

The group aided Sarovar brand's re-entry into Kolkata after a gap of 5 years. Sarovar Portico Kolkata at Rajarhat was launched on Wednesday, a 128-key mid-market hotel

In this episode of Manager’s Mantra, we sit down with Manoj Adlakha, CEO and Founder of RedBeryl Lifestyle Services, to explore the evolving luxury service market in India.

The luxury British superyacht was carrying 22 people onboard when it was hit by a sudden tornado-like storm on early Monday in Sicily and then sank in water, reportedly trapping six people inside

Traditional management contracts and franchising agreements are among the potential collaboration models being explored

The hospitality industry is expected to clock 11-13 per cent revenue growth in 2024-25 on steady domestic demand and a rise in foreign travellers, a report said on Monday. This revenue growth will follow a likely 15-17 per cent growth in the current financial year, backed by steady domestic demand and ramp-up in foreign travellers, Crisil Ratings said in a report on Monday. The strong demand dynamics along with modest new supply will keep the operating performance of the industry healthy over the near term, the report added. According to the report, the healthy operating performance will augur well for the industry profitability where the EBITDA, or earnings before interest, taxes, depreciation, and amortization will continue the strong momentum over the current and the next fiscal. This, along with limited capital expenditure, will keep the credit profiles strong, the report noted. "The domestic travel demand, which remained a key driver this fiscal, will sustain next year as wel

Ride the wave of Q3FY24 strength, fuelled by rising average room rates and enhanced occupancy