Hospitality Sector

Omaxe to invest ₹6,200 crore to build 19 hotels across five states

Realty firm Omaxe on Monday said it will invest Rs 6,200 crore over the next five years to develop 19 hotels across five states as part of its expansion plan. In a regulatory filing, the company announced its dedicated hospitality business vertical. The company "plans to develop 19 hotels spread over nearly 5 million sq ft across five states in the next 4-5 years," it said. The company proposes to invest about Rs 6,200 crore over the next 4-5 years, the filing said. Omaxe will rope in hospitality chains to manage these hotels. These hospitality projects will be constructed across high-growth urban centres, pilgrimage destinations, and transit corridors. These hotels will be integrated with Omaxe's existing ecosystem of townships, mixed-use developments, commercial destinations and urban infrastructure projects. Of the 19 hotels, 12 will be developed in Uttar Pradesh, including two each in Ayodhya and Vrindavan, and three in Lucknow. Among the key projects, Omaxe will develop a

IHG Hotels & Resorts open to ownership, franchise models in India

IHG Hotels aims to double its India footprint to 400 hotels by 2030 and is open to acquiring assets as demand and branded hospitality growth accelerates

DS Group partners with Marriott International to expand W Hotels in India

Catch spices maker DS Group will invest ₹400 crore in a 200-room W Hotel in Delhi Aerocity and plans to add up to 12 hotels by FY29 with investments of around ₹1,000 crore

Hotel giants bet India's local travel boom can defy economic slowdown

Hotel investments in India surged 67 per cent to $567 million last year, according to JLL, while demand is forecast to rise about 11 per cent annually over the next several years, outpacing supply

Demand woes may pull hotel occupancies down amid West Asia crisis

Analysts expect room rates to improve in the upcoming quarters as the impact of the West Asia crisis may normalise

Indian corporations poised to become large brand owners in US: Oyo CEO

Indian corporations are poised to become large brand owners in the US, shifting American consumers' perception about India's soft power well beyond Bollywood and IT, founder and CEO of Oyo-parent firm PRISM Ritesh Agarwal said, stressing the importance of technology, as he underlined that "India's time is now". Agarwal noted that India is the second biggest office for 'FAANG' - an acronym for five of the most prominent US technology companies: Facebook (Meta), Amazon, Apple, Netflix, and Google. Agarwal highlighted that his company has "very aggressively" expanded its international footprint and now makes the most amount of sales globally in the United States. "We are also the single largest economy hotel brand owner here in the US, with the acquisition of Motel Six," he said. In 2024, OYO completed its USD 525 million acquisition of G6 Hospitality, the parent company of the US hospitality brand Motel 6, the largest owned-and-operated hotel chain in North America. "I feel we are go

Ladakh grants 'industry' status to hospitality sector, extends incentives

The Ladakh administration has decided to grant industry status to hotels and guest houses registered with the tourism department in a move aimed at strengthening the hospitality sector and boosting tourism-led economic growth, officials said. Lt Governor VK Saxena on Wednesday approved the grant of 'Industry' status to registered hotels and guest houses in the Union territory, they said. The decision, which will come into effect from June 1, 2026, is expected to provide a substantial fillip to tourism establishments through incentives, concessional utility tariffs and easier access to institutional finance, they said. Officials said hotels and guest houses would now be eligible for electricity and water tariffs at industrial rates, which are lower than the commercial rates which are currently applicable to such establishments. They would also qualify for concessional bank loans under various state and central government industrial policies besides exemption from property tax, they

India's hotel investment market surges 67% to $567 million in 2025: JLL

India's hotel investment market surged 67 per cent year-on-year to $567 million in 2025 across 28 deals, driven by institutional capital, private equity, and strong demand from Tier II and III cities

Delhi to Bhubaneswar: Soaring LPG costs burn deeper into restaurant margins

Soaring commercial LPG prices are squeezing restaurant margins, forcing eateries to consider menu hikes, switch fuels or absorb rising costs

Marriott debuts Autograph Collection brand in India with Karnal hotel

The global hospitality major debuts its Autograph Collection brand in India with Noormahal in Karnal, marking the launch of its 19th brand and expanding its portfolio in the country

Motilal Oswal sector of the week: Travel & Hospitality; check top bets here

From a structural standpoint, the Indian hospitality sector continues to benefit from favourable demand-supply dynamics and sustained growth in domestic travel

Tamara Leisure targets 50:50 asset-light mix with ₹600 crore investment

Hospitality chain plans balanced asset mix and Rs 600 crore expansion over five years, with focus on scaling midscale brand Lilac amid strong demand in the segment

Hyatt Hotels plans to expand India footprint with 5 new hotels in 2026

Hotel chain plans five new openings in India and explores partnerships and investments, betting on strong domestic demand and rising discretionary spending

IPO-bound Pride Hotels eyes premiumisation amid strong travel demand

Pride Hotels plans expansion across metros and pilgrimage hubs, eyes IPO launch as domestic travel demand surges and new luxury brand Pride Lux is introduced

K Raheja Group, IHG Hotels to open ₹1,800 cr hospitality project in Mumbai

The project in Powai will include a dual-hotel complex, convention centre, and event spaces, aimed at boosting Mumbai's position as a key destination for business, tourism and MICE activities

Odisha to take authentic Odia cuisine nationwide via restaurant chain plan

Odisha plans to promote its culinary heritage nationwide through dedicated restaurant chains across metros and tourist hubs, aiming to boost gastronomy tourism and cultural branding

Indian Hotels slips 4% despite strong Q3 show; brokerages stay bullish

Indian Hotels Company reported a net profit of ₹954.2 crore, up 50.2 per cent compared to ₹635.2 crore in the year-ago period

Warburg Pincus to invest ₹960 crore in Fleur Hotels, buy 41.09% stake

Lemon Tree Hotels announces strategic reorganisation, Fleur to be listed on bourses separately

ITC Hotels gets leasehold land to develop hotel at Yashobhoomi in Dwarka

Co receives allotment of leasehold land for 91 years

Hospitality sector needs reforms, infra status to drive growth: HAI

Hotel Association of India on Wednesday called policymakers to prioritise sector-specific reforms to drive growth and resilience in the hospitality sector, while reiterating demand for infrastructure status and allowing of industry benefits to hotels. Sharing the hospitality industry's expectations in the upcoming Union Budget, Hotel Association of India (HAI) President K B Kachru said the hotel sector should be given due recognition for its significant contribution to GDP, jobs, and foreign exchange earnings. Kachru, who is also Chairman, South Asia, Radisson Hotel Group, urged "policymakers to prioritise sector-specific reforms to drive growth and resilience in the hospitality sector". "The hotel sector should be given due recognition for its significant contribution to GDP, jobs, and foreign exchange earnings. The key policy interventions are according the infrastructure status and allowing industry benefits to hotels," he said in a statement. This will encourage investments in