Hospitality Industry

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

Omaxe to invest ₹6,200 crore to build 19 hotels across five states

Realty firm Omaxe on Monday said it will invest Rs 6,200 crore over the next five years to develop 19 hotels across five states as part of its expansion plan. In a regulatory filing, the company announced its dedicated hospitality business vertical. The company "plans to develop 19 hotels spread over nearly 5 million sq ft across five states in the next 4-5 years," it said. The company proposes to invest about Rs 6,200 crore over the next 4-5 years, the filing said. Omaxe will rope in hospitality chains to manage these hotels. These hospitality projects will be constructed across high-growth urban centres, pilgrimage destinations, and transit corridors. These hotels will be integrated with Omaxe's existing ecosystem of townships, mixed-use developments, commercial destinations and urban infrastructure projects. Of the 19 hotels, 12 will be developed in Uttar Pradesh, including two each in Ayodhya and Vrindavan, and three in Lucknow. Among the key projects, Omaxe will develop a

DS Group partners with Marriott International to expand W Hotels in India

Catch spices maker DS Group will invest ₹400 crore in a 200-room W Hotel in Delhi Aerocity and plans to add up to 12 hotels by FY29 with investments of around ₹1,000 crore

DS Group to hike investment in hospitality to ₹1,500 cr: Vice-Chairman

Indian conglomerate Dharampal Satyapal Group (DS Group), known for brands including Rajnigandha and Catch, is increasing its investment in the hospitality sector to Rs 1,500 crore as its initial target to double room count will be achieved ahead of schedule, according to Vice-Chairman Rajiv Kumar. Dharampal Satyapal Group (DS Group), which on Wednesday announced a new hospitality project in partnership with Marriott International under the 'W Hotels' luxury brand near the Indira Gandhi International Airport here in the Capital, is also scouting for brownfield acquisitions and also looking to expand in North East India, Kumar told PTI in an interview. "Last year, we said by 2029 we will invest Rs 1,000 crore and make our (room) inventory from 1,000 to 2,000. Maybe, we (will) do it before time," he said, sharing how the group's expansion in the sector has progressed. He further said, "If we complete our target in 2028, then we have to expand further to 2029 because 2029 we (DS Group)

Hotel giants bet India's local travel boom can defy economic slowdown

Hotel investments in India surged 67 per cent to $567 million last year, according to JLL, while demand is forecast to rise about 11 per cent annually over the next several years, outpacing supply

Odisha govt to create dedicated land bank for hospitality sector

Odisha plans a ₹1,500-crore tourism land bank to fast-track hotel and resort projects across major travel destinations in the state

Ladakh grants 'industry' status to hospitality sector, extends incentives

The Ladakh administration has decided to grant industry status to hotels and guest houses registered with the tourism department in a move aimed at strengthening the hospitality sector and boosting tourism-led economic growth, officials said. Lt Governor VK Saxena on Wednesday approved the grant of 'Industry' status to registered hotels and guest houses in the Union territory, they said. The decision, which will come into effect from June 1, 2026, is expected to provide a substantial fillip to tourism establishments through incentives, concessional utility tariffs and easier access to institutional finance, they said. Officials said hotels and guest houses would now be eligible for electricity and water tariffs at industrial rates, which are lower than the commercial rates which are currently applicable to such establishments. They would also qualify for concessional bank loans under various state and central government industrial policies besides exemption from property tax, they

SFA India Brings Advanced Grease Management to India's Hospitality Sector

The launch of the Sanigrease range at Plumbex India marks a strategic step in addressing one of the hospitality industry's most persistent infrastructure challenges - and signals the Group's deepening