Page 2 - Hospitality Sector

Chalet Hotel launches premium lifestyle brand Athiva, eyes rapid expansion

The premium lifestyle brand ATHIVA will start with six hotels and 900 keys, as Chalet Hotels aims to double capacity and expand into Goa and Thiruvananthapuram

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

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

Thaw in India-China relations set to boost foreign tourist arrivals

Direct flights resumption, tourists visas to provide tailwinds for Indian travel and tourism sector

Lemon Tree shares rise 4% after signing three new properties in Rajasthan

Lemon Tree Hotels share price was quoting 3.25 per cent higher at ₹170.64 per share against the previous close of ₹165.27 on the NSE

Brigade Hotel Ventures plans to launch ₹749.6 crore IPO on July 24

The offer will remain open until July 28, with anchor investor bidding set to begin a day earlier on July 23, as per the company's RHP

IHCL Q1FY26 net profit rises 19% to ₹296 crore amid global flare-ups

IHCL posts Rs 296 crore Q1 profit and 32% rise in revenue, signs 12 hotels including wildlife lodges in Africa, targets 400-hotel milestone and future expansion

Schloss Bangalore stock up 5% as Morgan Stanley initiates with 'Overweight'

Schloss Bangalore has received an 'overweight' rating from Morgan Stanley, with a target price of ₹549

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

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.

Indian hospitality companies see little room for growth in FY26: Icra

Revenue growth may be 6-8% after 3 years of double-digit rise

Hospitality giant Hilton to bring the Waldorf Astoria to Delhi's Aerocity

Hilton signs Waldorf Astoria and Hilton Hotels property in Aerocity with DIAL, aiming to boost its India footprint with luxury and flagship brands in the capital

Airbnb targets India's Gen Z, millennials to drive growth: Co-founder

Online accommodation hosting platform Airbnb is tapping into the huge population of millennials and Gen Z in India to drive its growth, according to its Co-Founder and Chief Strategy Officer Nathan Blecharczyk. The company, which has introduced Airbnb Services and Airbnb Experiences along with an all-new app, is bullish that its experiences feature, which allows travellers to explore a city with local guides, will offer good growth opportunities in the Indian market, Blecharczyk told PTI. "India is an incredibly important market for Airbnb...to state the obvious, the largest (population-wise) country in the world, and largest population of young people, specifically millennials and Gen Z, that's the target audience for Airbnb," he said when asked how it is looking at the Indian market. These young people, who want to experience the world, have a spirit of adventure and love the opportunity to stay in a home and have a unique experience, and to be able to bring friends with them, ...

Chalet Hotels Q4FY25 results: Net profit jumps 50% to ₹123.8 crore

The hospitality firm posts 50.2 per cent rise in Q4 profit; acquires 15-acre beachfront land in North Goa to develop a 170-room luxury resort as part of expansion

GenZ pushes hospitality firms to expand with unique travel experiences

Araiya Hotels, Hyatt and Airbnb are expanding in India as GenZ travellers seek authentic, spiritual, adventure and wellness experiences, driving demand for unique stays

Arunachal Pradesh to UP: States vie for vacationers as tourism season peaks

States pitch religious, spiritual, wellness, sports, farm, and wine tourism circuits

Bhartiya Group to venture into resorts: Chairman Snehdeep Aggarwal

Residential, offices and resorts - three growth drivers over next 5 years, says group chairman

India's industrial towns turn growth drivers for marquee hotel brands

States as well as the central government are also giving impetus to build infrastructure in and around these industrial hubs

Thai hospitality chain Dusit re-enters India, to focus on Tier-II, III mkts

To work on asset-light model, open to investments in metro cities

Fresh capex to boost hospital bed expansion by 35-40% in 3-5 years

After a consolidation phase from FY17-FY24, hospitals are shifting focus to expansion, emphasising brownfield projects and operation and maintenance models to mitigate risks and enhance profitability