Hospitality Industry

Chalet Hotels Q2 net profit rises 40% to ₹216 crore, revenue falls 32%

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.

Samhi Hospitality Q2 net profit falls 59% to ₹41 cr despite revenue rise

Samhi Hospitality reported a 15 per cent rise in Q2FY27 revenue to ₹338.07 crore, while occupancy improved to 78.6 per cent and RevPAR grew 14.3 per cent year-on-year

Best Western Hotels & Resorts brings 4,000-plus hotels under WorldHotels

The hospitality group plans to consolidate 18 brands across 100 countries under WorldHotels, while retaining individual hotel identities and expanding its presence in India

MakeMyTrip swings to $1.8 million profit in Q2 FY27 despite headwinds

MakeMyTrip's gross bookings rose 20.9% in constant currency terms to $2.7 billion, while high airfares and capacity constraints continued to weigh on its air ticketing business.

Brigade Hotel Ventures' net profit doubles to ₹22 crore in Q2 FY27

Brigade Hotel Ventures reported a 105 per cent rise in Q2 FY27 net profit to ₹22 crore, with revenue up 10 per cent and EBITDA growing 26 per cent despite West Asia uncertainties

ITC Hotels Q2 net profit rises 52% to ₹202.6 crore, revenue up 26%

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.

India hospitality sector may need up to 125 million sq ft by 2035: CBRE

The expansion could translate into 190,000-210,000 additional hotel keys across segments, as business, leisure and experience-led travel continue to grow

Leela Palaces Hotels Q2FY27 profit rises 27% to ₹94.6 crore, revenue up 33%

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.

India hotel investments jump 197% in H1 2026; developers lead activity

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

Radisson group looks to unveil first branded residence project by December

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

Hilton debuts LXR Hotels & Resorts in India with The Den Bengaluru

The 226-room property in Whitefield is owned by Dan Hospitality India Pvt. Ltd. and managed by Hilton, marking the hospitality group's entry into India's luxury market with its LXR brand

Bellona Hospitality eyes 100 restaurants, ₹650 crore revenue by FY30

Bellona Hospitality, the food and beverage arm of Phoenix Mills Ltd, is targeting Rs 600-650 crore revenue by 2029-30, driven by its portfolio expansion to 100 restaurants across its brands, a top company executive said. Bellona Hospitality, which operates 32 restaurants across five cities under five brands, reported around Rs 150 crore revenue in FY26, its Managing Director Prashant Issar told PTI. The company operates a portfolio of six brands - Ishaara, Dobaara, Cha Hongkong Eating House, Eight, Allora Milano and Legume - across Mumbai, Pune, Bengaluru, Ahmedabad and Lucknow. For this expansion, Issar said the company has set a capex of Rs 100 crore, which will be raised through internal accruals. This expansion will mainly be within the five cities where the company's brands are present, besides in places where there are Phoenix Malls. "There is significant scope for expansion in the five cities where we are currently present. We plan to add another 20-30 outlets across these

Delhi Master Plan 2047 puts brokerages' spotlight on Max, Fortis, Medanta

For hospital operators, a Jefferies note said the MPD introduces several measures that could improve asset productivity and enable higher capacity creation in land-constrained areas.

Pride Hotels steps up expansion, plans ₹1,000-cr IPO by December

Pride Hotels is looking to launch its initial public offering (IPO) by December, with the issue size expected to be around Rs 1,000 crore, as the hospitality chain accelerates expansion across leisure, wedding and corporate events and pilgrimage destinations, CEO Satyen Jain said. "We have opened nine hotels in the last 12 months. This is the ninth in Indore," Jain said in an interaction with PTI. The expansion has taken Pride Hotels' portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has also signed contracts for another 32 hotels, which are expected to open over the next one-and-a-half to two years, taking its portfolio to about 72 properties. "Our focus is on four segments -- going deep in the markets where we are already present, targeting large wedding and MICE (Meeting, Incentive, Conference and Exhibition) hotels, entering new leisure destinations and expanding in pilgrimage," Jain said. Among these, pilgrimage destinations are ..

Hospitality sector revenue to grow 7-9% on domestic travel demand: Icra

The rating agency expects hotel occupancy to remain at 72-74 per cent and premium room rates to rise, although geopolitical and inflationary risks could weigh on margins

WSHA to train 2,000 disadvantaged youth in India for hospitality jobs: CEO

The World Sustainable Hospitality Alliance (WSHA) will train around 2,000 young people from disadvantaged backgrounds in India to help them gain skills and practical experience for employment in the hospitality sector, according to its President and CEO Glenn Mandziuk. "Our Employability Programme is now active in 20 cities across the country. It has over 4,000 trainees, including more than 3,000 graduates and 2,000 in full-time employment," Mandziuk told PTI. "This year, we are on track to train close to 2,000 young people under the programme," he said. The initiative aims to improve youth employment and promote inclusivity by providing young people with the skills and experience needed to embark on their careers in the hospitality industry. "Genuine sustainable growth in hospitality isn't just about expansion. It is also about the people we bring along with us. Our Employability Programme goes beyond filling vacancies. It is a strategic investment in building a resilient workforc

Radisson Hotel Group signs 10 new hotels to expand footprint in India

Radisson Hotel Group on Monday announced it has signed 10 new hotels in the second week of July, expanding its footprint across seven states and strengthening its growth trajectory in India. The 10 hotel signings span six brands, Radisson Blu, Radisson, Park Inn by Radisson, Radisson Individuals Premier, Park Inn & Suites by Radisson, and Radisson Individuals Retreats. The signings add hotels across major pilgrimage and temple-town markets, including Radisson Hotel Tirupati (Andhra Pradesh), Park Inn & Suites by Radisson Mathura Vrindavan (Uttar Pradesh), and Park Inn & Suites by Radisson Kadapa Airport (Andhra Pradesh). Besides, the group also plans to add more hotels to its current portfolio of 7 operational properties and a pipeline of 5 hotels in Bengaluru, India's technology capital and a strategic growth market. The recent signings include Radisson Blu Resort & Spa Bengaluru, Park Inn by Radisson Electronic City, and Lavish Hotel Bengaluru, a member of Radisson ..

Mahindra Holidays Q1 result: Net loss of ₹8.56 crore on higher costs

Mahindra Holidays & Resorts India Ltd on Wednesday reported a consolidated loss after tax at Rs 8.56 crore in the June quarter impacted by growth-related costs in domestic business and headwinds from geopolitical uncertainties in international operations. The company had posted a consolidated profit after tax of Rs 7.17 crore in the corresponding quarter last fiscal year, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 732.81 crore as against Rs 701.4 crore in the year-ago period, it added. Total expenses in the quarter under review were higher at Rs 776.48 crore as compared to Rs 713.33 crore in the same period last fiscal year, the company said. "Profitability in our India business was impacted by growth-related costs, while our international operations continued to face headwinds from geopolitical uncertainties and a slowdown in the Finnish economy during the ...

Laundry infra company Quick Clean raises ₹133 crore in Series B round

Stakeboat Capital led the ₹133 crore Series B round, with existing investors participating, as Quick Clean plans AI-led expansion across India and overseas markets

India's first ISP data: Hotels, retail drive services growth in April

The trial Index of Services Production offers a monthly snapshot of India's services economy, with hotels, retail, and administrative services leading growth in April