Page 2 - Hospitality Industry

Chalet Hotels sees 'rapid growth' once new room occupancies stabilise

Business travel, MICE, and wedding season expected to drive Chalet Hotels' occupancy and RevPAR growth in H2 FY26

Chalet Hotels reports ₹155 cr profit in Q2FY26, declares first dividend

Chalet Hotels reported a strong turnaround in Q2FY26 with a ₹154.84 crore profit and nearly 95% revenue growth, announcing its maiden interim dividend and debuting the ATHIVA brand.

Radisson Hotel Group elevates key leaders to drive South Asia growth

Radisson Hotel Group has promoted Vikram Berry and Faisal Nafees to senior operational leadership roles, reinforcing its expansion and performance focus across South Asia

Aratt developers launch ₹3,500 cr mixed-use development in Bengaluru

Aratt One World and Marriott International will jointly develop a JW Marriott in Bengaluru's Electronic City with a Rs 3,500 crore investment; the luxury hotel opens in 2030

PRISM's SUNDAY Hotel enters wildlife tourism, plans 10 resorts in India

The hospitality brand's first property near Jim Corbett opens with 50 rooms, as it eyes expansion across Ranthambore, Bandhavgarh, Kanha, and southern destinations

Indian hospitality chains eye global expansion, Leela is the latest

From Dubai to London, Indian hospitality majors like Leela, Taj, and Oberoi are stepping up their international presence to tap into high-spending global travellers

Hospitality, real estate, MSME solar financing to drive growth: TFCI MD

TFCI eyes ₹2,000 crore disbursement in FY26, driven by booming hotel and real estate funding, and plans to enter MSME solar finance and tourism-focused AIF

After hotels, online travel portals come under GST department lens

After probing hotels for GST underpayment, authorities now seek booking-level data from online travel portals to check possible double taxation

Indian Hotels, Lemon Tree, ITDC gain up to 4% on strong business outlook

The industry witnessed 18-20 per cent growth in the first half of Fy26 and is expected to clock mid to high teens growth in the second half as well

PRISM-backed Sunday PropTech to acquire 12 hotels in FY26 expansion push

The OYO Assets firm aims to expand its premium and mid-premium portfolio, with acquisitions funded through a mix of debt and equity backed by InCred, Analah, and SoftBank

Chalet Hotel launches premium lifestyle brand Athiva, eyes rapid expansion

The premium lifestyle brand ATHIVA will start with six hotels and 900 keys, as Chalet Hotels aims to double capacity and expand into Goa and Thiruvananthapuram

Office clusters, corporate travel to drive next growth for hotel firms

Ventive, Brigade, Samhi and Chalet Hotels plan bulk of new inventory near metro office hubs as corporate travel and weekday occupancy boost room yields

Taj GVK, IHCL sign 20-year pact for new five-star hotel in Bengaluru

IHCL will manage Taj GVK's upcoming five-star property in Yelahanka, Bengaluru, under a 20-year agreement as part of its ongoing expansion through management contracts

Smaller cities drove India's greenfield hotel projects in H1 CY25

Newer hotels may take up larger share of signings in the year, led by global brands expanding operations

Rains drag Q2 growth for hotels; festive, MICE demand to drive H2

An extended monsoon slowed Q2 occupancy for hospitality players, but brokerages expect a strong second half led by MICE, festive, and wedding demand

ITC Hotels bets on upper upscale and mid-scale growth over luxury

ITC Hotels expects faster growth in its upper upscale and mid-scale brands like Welcomhotel, Fortune, and Storii as luxury expansion opportunities remain limited in India

Hotels across India get GST notices for underpayment on restaurant services

Hotels face GST demands as authorities flag underpayment on restaurant services linked to room tariffs above ₹7,500

Hyatt sets aside more room for hotels, branded residences in India

Hyatt Hotels will add over 10 hotels annually in India, targeting 150 in five to six years, as it brings new global brands and expands into branded residences

Ventive Hospitality to acquire 76% stake in Hilton Goa Resort owner

Ventive Hospitality will acquire a 76 per cent stake in Soham Leisure Ventures, owner of Hilton Goa Resort, in a Rs 320 crore deal marking its entry into the leisure hospitality market

Hospitality body seeks 5% GST with 50% ITC on hotel rooms under ₹7,500

HRAWI urges GST reforms proposing 5 per cent GST with 50 per cent ITC or 18 per cent GST with full ITC on hotel rooms under ₹7,500 to balance growth and consumer benefits