Page 2 - Hospitality Industry

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

Country Club Hospitality to raise $100 mn for premium property projects

Country Club Hospitality and Holidays Ltd (CCHHL) is planning to raise USD 100 million to set up premium leisure properties in the country, a top company official said. The funds will be raised either through GDR (global depository receipts) or FCCB (foreign currency convertible bonds), its Chairman and Managing Director Y Rajeev Reddy told PTI. Reddy said the funds would be used for setting up clubs and resorts at various locations across India. He said the company has turned debt-free by repaying Rs 600 crore in the first quarter of the 2025-26 fiscal. The Hyderabad-headquartered company operates and manages 30 properties on its own, while another 30 are managed through the franchise route. Besides clubs and resorts, CCHHL has forayed into real estate projects, both in the residential and commercial space. Reddy said such real estate projects would come up in Mumbai, Delhi, Bengaluru, Hyderabad and Chennai.

IHCL wants to become 'superstar' of India's hospitality sector, eyes growth

The Tata group's hospitality arm recorded its 13th consecutive quarter of record performance in June this year, with a 19% increase in consolidated net profit (to ₹296 crore) and a 32%ump in revenue

Contractors, hoteliers push for GST fixes, clarity on input tax credit

Urge CBIC to implement a special GST payment mechanism

Smallcap hotel & resorts stock ITDC zooms 20% on heavy volumes

As many as 2.9 million equity shares representing 26 per cent of total free float equity of ITDC have changed hands on the NSE and BSE

GST rate cut proves to be a mixed bag for travel, hospitality sector

Hotel rooms under ₹7,500 move to 5% slab, will bolster midscale segment

Diageo India partners with THSC to train 300 youth for different roles

Alcohol beverage company Diageo India on Thursday said it has inked an agreement with the Tourism and Hospitality Skill Council (THSC) to train 300 students under its 'Learning for Life' programme for roles in the hospitality, business, and service sectors. The Memorandum of Understanding (MoU) involves classroom-based training programmes to be conducted at THSC-affiliated centres in Bengaluru by certified trainers and assessors. Designed as a short-term skilling initiative for unemployed and underprivileged youth, the curriculum is aligned with the National Skill Qualification Framework (NSQF), covering technical training, communication, digital literacy, and soft skills to prepare candidates for roles in the hospitality, business, and service sectors, with the objective of enhancing employability and bridging industry skill gaps. Diageo India MD and CEO Praveen Someshwar said that the hospitality sector is a vital engine of growth and opportunity. "Through 'Learning for Life' and

Expansion lays bricks for Phoenix upgrade: Revamps, launches boost outlook

Motilal Oswal upgraded Phoenix Mills to a 'buy' rating and raised its target price to ₹2,044 from ₹1,673 earlier, implying a potential upside of 35 per cent

Monsoon fury in North: Hospitality sector stares at revenue wipeout

Industry hopeful of revival, full festive season may not get impacted

Accor Hotels appoints Ranju Alex as new CEO for South Asia operations

French hospitality group Accor Hotels appoints former Marriott executive Ranju Alex as CEO for South Asia with plans to expand operations and open 300 hotels in India by 2030

FHRAI seeks GST rationalisation to boost India's tourism competitiveness

FHRAI urges the government to rationalise GST to make India's tourism sector globally competitive, aligning with Vision 2047 and attracting more investment to the economy

Yatra Online zooms 70% in 8 days; what's driving this travel related stock

Shares of Yatra Online hit a new 52-week high of ₹163.38, gaining 6 per cent on the BSE in Thursday's intra-day trade, and is seen inching towards its all-time high recorded more than a year ago.