Page 5 - Hospitality Industry

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

Leela Palaces Hotels operator posts consolidated net profit of ₹9 crore

Schloss Bangalore, the owner of Leela Hotels, reports a net profit of Rs 9 crore in Q1, reversing its loss from last year, and announces expansion plans with 8 new hotels and 966 keys

ITC Hotels hits 200-property mark; Q1 net profit up 54% at ₹133 crore

Revenue from operations grows 15 per cent year-on-year to Rs 815.5 crore; hotel chain plans to add over 7,000 keys through 2030 with brownfield asset focus

IHCL acquires additional stake in subsidiary ELEL Hotels for ₹165 crore

The acquisition was made at an issue price of ₹5,000 per share, the company said in a BSE filing

Delhi High Court stays ₹1,140 crore angel tax demand against Oyo

The Delhi High Court stays a ₹1,140 crore angel tax demand against OYO's parent company Oravel Stays for the assessment year 2020-21 under Section 56(2)(viib) of the Income Tax Act

Ventive, Marriott expand partnership to add 6 new hotels in India by 2030

Ventive Hospitality and Marriott International expand their partnership to develop six hotels in India by 2030, adding more than 1,400 rooms across key cities

IPOs mark a new era for India's hospitality industry with scale, ambition

In the past two months, international chains have announced aggressive expansion plans for India. Most plan to open 100-300 hotels in the next five years, said analysts at Elara Capital

Travel Food Services IPO opens for subscription; GMP up 3%; should you bid?

Travel Food Services IPO: Shares of Travel Food are scheduled to make their D-street debut on Monday, July 14, 2025

Indian hospitality industry protected from AI but needs massive manpower

Hotel chains have partnered with reputed hospitality institutes, participate in campus placement drives but to bridge the talent gap

IHCL unveils Taj Damdama resort as it eyes double-digit growth in FY26

IHCL unveils its re-imagined Taj Damdama Lake resort and spa in Gurugram, as part of a strategy aimed at achieving double-digit growth in FY26, driven by new openings and sector momentum

Motilal Oswal sector of the week: Hospitality; check stock picks, targets

Lemon Tree and Indian Hotels are top stocks in the hospitality sector for Motilal Oswal, as they are expected to continue their strength in the current financial year

Hotel sector grows on surging room rates, shows HVS Anarock data

In May 2025, the country's average rates showed resilience, holding firm despite the seasonal slowdown and the height­ened tensions with Pakistan

Chalet Hotels may consider own brand in long term: MD & CEO Sanjay Sethi

Sanjay Sethi says that bulk of the company's growth will come from its existing pipeline taking the total keys to over 5,000 on the back of the domestic hospitality boom till 2030

Game Palacio, Snow World & More: Hospitality Secrets from a Pro

From Game Palacio to Formula Karting — Prasuk Jain shares how he built India’s new-age entertainment empire.

Religious tourism turns key revenue stream for travel, hospitality firms

Religious and spiritual tourism has been the fastest growing segment for us across the portfolio, says Jatin Khanna