Page 7 - Hospitality Industry

Indian outbound travel fuels hospitality sector in APAC locations: Colliers

Asia Pacific hospitality investments remain resilient in Q1 2025; India emerges as key growth market

ITC Hotels shares rally 11% in 3 days, hits new high on healthy outlook

ITC Hotels share price: A favorable demographic profile, steady domestic demand and rising consumption levels augur well for the hospitality industry in India

ITC Hotels net profit rises 41% to ₹257 cr in first quarter after demerger

Hospitality major targets 220 operational hotels with over 20,000 keys by 2030 and sees robust growth in room revenue, ADR and occupancy in post-demerger quarter

Sahara Hospitality stressed asset: 18 ARCs express interest in Sahara Star

Once the entities that have submitted EoIs complete their due diligence, binding bids for acquiring the exposure will be invited

Hotel stocks slide, IHCL, Lemon Tree, ITC Hotels down up to 6%; here's why

Analysts believe tourist arrival in Kashmir will take a halt for some time and domestic travelers will switch to other domestic tourist destinations in the near term.

Devyani to acquire 80.72% stake in Sky Gate Hospitality for ₹419.6 cr

Quick service restaurant chain operator Devyani International Ltd on Thursday said it will acquire up to 80.72 per cent stake in Sky Gate Hospitality, which operates brands including 'Biryani By Kilo', for Rs 419.6 crore. The acquisition includes three brands of Sky Gate -- Biryani By Kilo, Goila Butter Chicken, and The Bhojan. The company's board in its meeting approved acquisition of up to 80.72 per cent equity stake for Rs 419.6 crore, on fully diluted basis, in Sky Gate Hospitality Pvt Ltd along with its subsidiaries, Devyani International Ltd (DIL) said in a regulatory filing. In addition, the company will also pay contingent consideration as per the terms of the transaction documents, DIL said. DIL operates quick service restaurant chains such as KFC, Pizza Hut, and Costa Coffee through franchise agreements. Sky Gate along with its subsidiaries owns brands Biryani By Kilo, Goila Butter Chicken and The Bhojan. It predominantly operates through a chain of over 100 outlets ...

Pacific Group to build 1.5 mn sq ft mall, hotel in Jaipur by 2027

Real estate company Pacific Group will develop a 15 lakh square shopping mall and a hotel in Jaipur to expand business amid rising demand for premium retail spaces, a top company official said. Pacific Group has nine shopping malls, comprising more than 30 lakh sq ft of retail spaces, in Delhi, Ghaziabad, Faridabad, and Dehradun. In an interview with PTI, Pacific Group Managing Director Abhishek Bansal said, "We have a portfolio of nine shopping malls and now we are expanding in Jaipur, Rajasthan." He said the company has acquired 11 acre land in Jaipur to develop a shopping mall with total area of about 15 lakh sq ft. Pacific Group will also build a hotel comprising 130 rooms, he said, adding that the hotel will be managed by some hospitality chain. Bansal said there is a huge demand for superior shopping malls and hotels in tier-II and III cities. He said the mall in Jaipur is expected to be operational by 2026-end while the hotel will open in 2027. "We have started the proces

Tata Group's hospitality firm IHCL expands portfolio to 380 hotels in FY25

Tata Group hospitality firm Indian Hotels Company has increased its footprint to 380 hotels by launching properties at 100 new locations in FY2025. "IHCL in the last fiscal year has clocked a record 74 signings, resulting in an industry-leading pipeline of 137 hotels. This was enabled by IHCL's strong brand presence across market segments coupled with the sustained demand buoyancy," the company in a regulatory filing quoted its Executive Vice President - Real Estate & Development, Suma Venkatesh as saying. "IHCL opened 26 new hotels in FY25, with Ginger leading the way with 9 hotels across diverse markets including commercial centres of Nagpur and Coimbatore, industrial townships like Jamshedpur, leisure destinations like Srinagar, Udaipur and Diu as well as in state capitals of New Delhi and Goa," its Executive Vice President -- Hotel Openings & New Businesses -- Deepika Rao said. Incorporated by the Tata Group founder Jamsetji Tata, the company opened its first hotel - The ..

Lemon Tree Hotels likely to list its subsidiary Fleur Hotels in 2026

Patanjali Keswani, chairman and managing director, Lemon Tree Hotels, also said in the Q3FY25 earnings call that the company would be debt-free in three years

Luxury rush: Hospitality industry may add 100,000 keys in 5 years

Ascott aims to double rooms to 12,000 by 2028; Hilton Hotels plans to grow operations by 10x in the next 10 years

French company Accor Hotels aims to have 300 hotels in India by 2030

Currently, Accor Hotels has 71 operating hotels in India, with 40 hotels in its pipeline.

Hyatt to expand India footprint with 6 hotels, 1 new brand in 2025

The hospitality chain will focus on its lifestyle brands like JdV and Andaz, and intends to bring its recently-acquired lifestyle brand Standard Hotels to the country

Bikanervala to partner with Montana Group for expanding business in UK

Bikanervala is gearing up for its UK expansion in partnership with retail and hospitality leader The Montana Group, the Indian snack and restaurant chain said on Friday. This move comes after the launch of its new outlet in Sri Ganganagar, marking a homecoming for the brand to its roots in Rajasthan. The Sri Ganganagar outlet not only reinforces Bikanervala's presence in North India but also symbolises its ambition to take India's culinary heritage to global audiences, according to the company. The new outlet features a quick-service restaurant (QSR) format, offering a wide range of Indian sweets, snacks, and multi-cuisine delicacies in a contemporary setting. "Our goal is to make Indian flavours a staple on the global culinary scene, blending tradition with innovation through our 'Reverse Food Drainage' initiative," Manoj Madhukar, Founder of The Montana Group, said. "By fostering collaborations and exploring new markets, we aim to leverage the global fascination with Indian cuis

India to become Marriott's 3rd-largest mkt in 5 years: CEO Anthony Capuano

India is currently the NASDAQ listed chain's fifth largest market

Ladhani Group to invest Rs 3K cr on hotel biz to triple room keys to 1,500

Ladhani Group is planning to invest around Rs 3,000 crore in its hospitality business and triple its room keys to 1,500 over the next three to five years as part of its expansion plans, a top company official has said. The group, which signed agreements with the Taj group for its two upcoming properties at Haridwar and Ayodhya, is also in discussion with other international chains. "So, if everything goes on time, in the next three years, we will add another 1,000 rooms. From the present 500, we will have 1,500 rooms," its executive director Paritosh Ladhani told PTI. Over the investment, Ladhani said, "The overall investments for 1,000 keys would be around Rs 3,000 crore". Earlier this month, East India Hotels Limited (EIH), which operates the Oberoi group of hotels, announced two new resorts in Rishikesh in partnership with the Ladhani Group. "We have great plans for hospitality. Apart from Taj, we have just tied up with Oberoi and I am in touch with a few large international ..

Budget 2025 boosts hospitality, health, education: Chef Manish Mehrotra

Through the announcements made in this Budget, there will be some job creation but more is required, Mehrotra said

Hospitality giant ITC Hotels becomes second most valued hotel stock

Spun-off unit to open 200 hotels in five years

Exploring opportunities in branded residences: ITC Hotels MD Anil Chadha

In a recent conversation with Business Standard, Chadha said: "It is something we are exploring, but have not settled for any specific model yet"

Budget 2025: MakeMyTrip CEO seeks industry status for hospitality

Ahead of the Union Budget, MakeMyTrip co-founder and Group CEO Rajesh Magow on Monday said the hospitality sector's long-pending demand for an "industry status and continued focus on infrastructure development to ensure last-mile connectivity are crucial to realising its full potential. In an interview with PTI, Magow shared his wishlist for the Union Budget for 2025-26, to be presented on February 1. "The hope is that it should be growth-oriented budget, which effectively should set the tone for pretty much every sector, including travel and tourism sector for us as well. And within that, you know, the long pending demand of the hospitality sector, on getting the industry status continues to remain, and I think, and it's an important one, for the overall industry," Magow said. Asserting that the government has been doing a "great job" of allocating more funds towards infrastructure development, he said it is important to keep up with the pace of allocation as well as ...

Increase in room rates, higher occupancy to drive gains for Indian Hotels

Domestic tourism will get a boost from key sporting events, and events like Bharat Mobility Expo, Aero India, Pravasi Bhartiya Diwas, and Mahakumbh