Page 2 - Hospitality Sector

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

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

Hyderabad, Gurugram, Bengaluru drive Marriott's ADR growth in South Asia

Marriott International, a global American hospitality company, on Monday announced an 11 per cent growth in its revenue per available room (RevPAR), led by ADR and occupancy in the South Asian region

Hilton unpacks growth plans with 75 Hampton brand hotels in India

Global hospitality major signs strategic licensing agreement with NILE Hospitality

Hospitality sector awaits infrastructure status, seeks GST relief in Budget

Industry stakeholders believe that the full potential of India's travel and tourism sector remains untapped

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 ...

Budget 2025: Hospitality sector seeks infra status, tax rates reforms

Lack of infrastructure status, rationalisation of tax rates, easier visa processes and more incentives by state governments to promote investments are some of the key issues that need to be addressed for India's hospitality sector to realise its full potential, Hotel Association of India President K B Kachru said ahead of the Budget. In an interview to PTI, Kachru, emphasised upon the need for India to be marketed in a better fashion, and noted that countries like Japan, South Korea and Thailand have been able to grow their GDP by giving importance to the tourism sector. He emphasised upon the need for India to identify and promote MICE (Meetings, Incentives, Conferences, and Exhibitions) destinations with high potential, and work towards building the required infrastructure to draw tourists globally. "We need investment. Investment can't be done by the government alone. Private sector has to come in and invest. What would motivate them to invest in the country is they must have a .

Ventive Hospitality IPO gains 9.82 times subscription on last day of offer

As of September 2024, the company's portfolio has 11 operational properties, comprising 2,036 keys across the luxury, upper upscale and upscale segments

Hotel room rates set to rise in 2025, driven by strong demand growth

Hotels are going fully booked at the end of the year, despite foreign tourist arrival numbers still remaining below pre-Covid levels

Foreign arrivals in India likely to cross pre-Covid levels next year

As the Indian hospitality industry prepares to uncork the champagne to welcome 2025, it is gearing up to roll out the red carpet to foreign tourists, whose arrivals are likely to cross pre-Covid levels next year while looking to continue its significant contribution to the country's economy and make 'India inevitable'. The sector, which is poised to contribute USD 1 trillion to India's economy by 2047, however, is looking up to the government for policy interventions, such as unified licensing, workforce upskilling, and targeted infrastructure investments to enable the vertical meet demand generated by India's drive towards becoming the world's third largest global economy. "India aims to become the third-largest economy by 2047, and the hospitality sector is set to play a pivotal role in achieving this goal. The sector's multiplier effect on the economy surpasses that of manufacturing and agriculture," Hotel Association of India (HAI) President KB Kachru told PTI. Asserting that th

Tourism minister to meet FM seeking 'infrastructure' status for his sector

According to the Ministry of Tourism, India recorded 47.78 lakh (provisional) foreign tourist arrivals (FTAs) during January-June 2024

Hospitality CEOs raise demands of infra status, increasing marketing spends

Infrastructure status and easing taxation have been a long-standing demand of the sector

Kolkata-based Jain Group to invest Rs 500 cr in hospitality sector by 2030

The group aided Sarovar brand's re-entry into Kolkata after a gap of 5 years. Sarovar Portico Kolkata at Rajarhat was launched on Wednesday, a 128-key mid-market hotel

Hotel asset management companies make room for international brands

An analyst said that in the last two-three years, there have been a lot of other hotel companies that are desperate to enter the Indian market with a branding sign