Page 17 - Hospitality Industry

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion, says India Ratings

Credit costs could touch Rs 2.7 trillion

Covid-19 impact: No comfort in hotel stocks as recovery pushed to FY23

Expectations of a slow recovery, high fixed costs and debt worries are putting off investors

Hotels across all segments open doors for govt's repatriation scheme

Hotels in all the five metros including Delhi, Bengaluru, Chennai, Mumbai and Kolkata, are serving as isolation facilities for the travellers before they head home after the 14 day quarantine

Despite Covid-19, Club Mahindra to push for expansion with Rs 1K cr capex

Shorter-term membership packages may be considered

Premium diners hit the brakes hard; look to reinvent for survival

There will be ongoing speed bumps and resets and at least six months before 80 per cent stability returns to dining

From airlines to automobiles, businesses see washout in April amid lockdown

According to the Indian Cellular and Electronics Association of India, the loss in revenues for mobile device manufacturers during the lockdown has been Rs 20,000 crore

Oyo to offload more loss-making hotels amid Covid-19 outbreak: Report

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt

Covid-19 fallout: Hotel industry revenue likely to slip by Rs 90,000 cr

Given the evolving scenario, the consultants said they have revised earlier estimates of the overall revenue loss that the industry would face in 2020

Covid-19 impact: Tourism industry to incur Rs 1.25 trn revenue loss in 2020

During April-June, the Indian tourism industry is expected to book a revenue loss of Rs 69,400 crore, denoting a year-on-year (y-o-y) loss of 30 per cent

Odisha hoteliers ask for tourism marketing plan before lifting lockdown

An announcement of a robust tourism policy laced with incentives can be a major impetus for tourism infrastructure in the state, say hotel guild

Lockdown impacting hospitality sector; needs govt support: Industry

The government has also requested industries to not lay off staff and cut salary, where in liquidity is a problem

Cognizant withdraws full-year guidance for 2020 amid Covid-19 uncertainties

The withdrawal comes on the back of falling client demand, expecially in the travel and hospitality space

Airlines, hotels stare at uncertain future amid coronavirus spread: CARE

The aviation industry, which includes airports and their vendors and suppliers, might not fully recover soon from the impact of the coronavirus disease (Covid-19) pandemic.

Covid-19: Govt bailout must to salvage airlines and hotels, say analysts

CARE says domestic airlines face severe cash flow pressures as they won't fly till mid April; airfares may remain low and certain routes may have to be scaled down

NPA norms may be eased, tax deferment likely in coronavirus healing touch

These are among the measures that could be discussed in the Covid-19 Economic Response Task Force

ITC Hotels has an aggressive growth strategy in place, says Nakul Anand

ITC Hotels offers comprehensive hospitality solutions through more than 100 hotels in over 70 destinations in the country

Recipe for growth: Don't bet everything you have, says Lemon Tree's Keswani

The fast-talking Keswani tells Pavan Lall what he learnt from former boss Russi Mody, how he was let down by a private equity investor and why he launched an upscale hotel in Udaipur

US October job growth beats expectations despite General Motors strike

Job growth has slowed this year, averaging 167,000 per month compared with an average monthly gain of 223,000 in 2018

Good news: Your stay at luxury hotels to be less expensive from today

Travellers staying in a hotel room costing over Rs 7,500 per night will now have to pay GST of 18 per cent, against 28 per cent earlier

Beyond aggregation

Food aggregators, partners must work out an equitable solution