Page 6 - Hospitality Sector

Street signs: Hospitality in focus, Vedant Fashions GMP at 5%, and more

Brokers are advising clients to build long positions in hotel and restaurant stocks on hopes of a sharp uptick in business

Budget 2022: Govt extends ECLGS till Mar 2023; includes hospitality sector

Total guarantee cover expanded to Rs 5 trillion

Budget FY23: Covid-hit hospitality sector demands infra status for hotels

With fresh wave of Covid plunging hospitality sector back into uncertainty, industry body said it has asked government to consider granting infrastructure status to hotels, extend moratorium on loans

Omicron variant dampens festive spirit, worries hospitality sector

A restaurant owner in Khan Market, the buzzing shopping and eating destination in the heart of the city, said this is their turnaround moment but it may not happen.

Survival first, revival later: Hospitality industry's mantra for 2022

When the sun rises in 2022, the Indian hospitality industry will be waking up with prayers for survival, desperately looking forward to some form of support from the government as revival from the impact of the coronavirus pandemic of the last two years will be an arduous journey. Just as the industry was beginning to see a flickering light at the end of a long tunnel towards the end of 2021, the spread of the Omicron variant of coronavirus and subsequent extension of suspension of scheduled international passenger flights till January 31, 2022, has come as a dampener to those who were looking to have some business in the winter season. With inbound tourist arrivals unlikely amidst the pandemic, the industry wants the government to incentivise domestic travels with income tax benefits for a limited period so as to help the hospitality and tourism sector get up again by tapping the pent up demand for holidays, within the country. According to industry body Federation of Hotel & ...

Amid pandemic uncertainty, hospitality sector pins hopes on Indian weddings

Leisure is the asset owner of Jim Corbett Taj Hotel and Club Mahindra properties in Uttarakhand

Leisure Hotels Group to add 6 properties by 2022-end

Hospitality firm Leisure Hotels Group is looking to add six properties across the country by the end of 2022 as part of its expansion plans in the country, a top company official said. Currently, the company has 28 properties with around 1,000 rooms spread across four states Himachal Pradesh, Uttarakhand, Uttar Pradesh and Goa. "We are looking to add a total of six properties by the end of the next year. So, the number will be somewhere in the region of 34 by the end of 2022," Leisure Hotels Group told Vibhas Prasad PTI. The upcoming properties will be in Varanasi, Dharamshala, Bhimtal, Mussoorie, Naukuchiatal and Jaipur, he added. About the investment, the company is planning for opening the upcoming hotels, Prasad said these would be largely under the asset-light model. So, the company will not be putting in money from its own pockets, but the owners will be putting somewhere to the tune of about 100 crores in total, for them. "We, over and above this, are looking at a few oth

Street finds comfort in hospitality stocks on hopes of recovery in biz

Share prices have risen in past fortnight on hopes of recovery in biz

Fortune Park Hotels to add five hotels in India by December 2022

These five hotels will be -- Fortune Resort Benaulim Goa, Fortune Park in Hoshiarpur (Punjab), Fortune Park in Tirupur (Tamil Nadu), Fortune Select in Goa and a Fortune Inn in Haldwani (Uttarakhand)

Suba Group's Click acquires controlling stake in leisure group1589 Hotels

Click Hotels envisions crossing 3,000 rooms and plans to have a pan India presence by 2021.

Holiday first, pay later: Offer suited only to travellers with deep pockets

No amount blocked on advance booking but such borrowing is reckless

US leisure, hospitality pay surges to a record. Now will workers come?

Hotels, restaurants and other businesses are boosting pay as they try to rebuild their staffs and meet increasing demand from Americans ready to venture out

A soaring flight plan: Bird Group eyes Air India's ground handling arm

The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs

Recovery play? Brokerages see up to 40% upside in this Jhunjhunwala stock

Shares of Indian Hotels Company have rallied 105 per cent from its 52-week low levels hit in May last year

Pick-up in leisure travel helps hotels post sequential revenue growth

Cost cutting initiatives by Indian Hotels, EIH helps restrict loss at the operating level

After Budget newsflow on GST rates, demand hold key for ITC stock

Shares of the cigarette maker hit 52-week high after the Budget left taxes unchanged

A fourth of rooms at risk if Budget doesn't help sector: Hotel bodies

Urge infra status for hotels worth over Rs 25 crore, lower GST and income tax rates

People are realising they can't stay locked forever: Sudeep Jain of IHG

In a Q&A, the Southwest Asia MD of the hotel chain says sentiment in the hospitality sector is improving with the reduction in the number of Covid-19 cases and vaccination drive

OYO to make further investments in Europe: CEO Ritesh Agarwal

Agarwal was speaking at the India Symposium 2020, organised by the Institute of Chartered Accountants of India (ICAI) Netherlands Chapter and India Dutch Financial Corridor (IDFC)

US-focused disounts make Black Friday sale a white space in India

Post-Diwali weeks are dull here as most of the shopping budget is spent during Dussehra and Diwali period in the country