Page 3 - Hospitality Industry

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.

Hospitality major Hilton Hotels sees growth across all segments in India

For the first six months of 2025, Hilton Hotels has recorded a double-digit growth in its revenue per available room (RevPAR) on a year-on-year (Y-o-Y) basis

Top hospitality chains eye eco-tourism resort projects in Andaman islands

Top hospitality companies, including Tata group's IHCL and Hyatt Hotels Corp, have shown interest in developing eco-tourism resorts at four locations in Andamans, including the uninhabited Aves Island, which will be opened for tourism for the first time, officials said on Saturday. The eco-tourism properties will be developed on a public-private partnership (PPP) basis at Neil Island, Aves Island, Long Island and Smith Island. Besides, the administration is also looking to redevelop the Megapode Resort in Port Blair, they said. The Andaman & Nicobar Islands Integrated Development Corporation Ltd (ANIIDCO) on July 28 invited bids for developing the resorts on a design, build, finance, operate and transfer basis, they added. A virtual pre-bid meeting was held on August 14, and it was attended by officials of some of the biggest players of the sector, including The Leela, Indian Hotels Company Limited (IHCL), Club Mahindra, Hyatt Hotels Corp, Ambuja Neotia Hospitality, Chalet Hotels,

Realty, hospitality firms upbeat on GST Diwali bonanza and tax relief

Real estate and hospitality companies hope that GST reforms, including lower taxes and simplified compliance, will boost demand, support tourism, and aid in the growth of the economy

Tourism can beat 'Trumpian' tariffs, says former G20 Sherpa Amitabh Kant

Former G20 Sherpa Amitabh Kant urges Rs 20,000 crore for global tourism promotion, saying the sector can offset US tariffs and boost India's growth and jobs

ITC Hotels sets 2030 goal of 220 properties, 5,300 keys in 5 years

ITC Hotels, in its first AGM post demerger, announced a pipeline of 58 hotels with over 5,300 keys in five years, targeting 200 properties by 2030 and expanding abroad

EIH to open four hotels to expand presence in India's leisure market

The company will be expanding through its Oberoi and Trident brands for the new hotels under management contracts, it said in a release in a stock exchange filing

Chalet Hotels names Shwetank Singh as new MD and CEO from February 1

Singh will take over from Sanjay Sethi. The board of directors, in a meeting on Thursday, approved the appointment of Singh as the MD and CEO

Indian hospitality sector dips on geopolitical tensions in June quarter

Hotel occupancy and room rates decline across cities amid Indo-Pak tensions, early monsoon and air crash; outlook for September quarter remains optimistic

Hotels target frequent air travellers to attract customers amid travel boom

Such initiatives highlight the rise in providing seamless travel experiences to travellers, as per hospitality industry executives