Page 2 - Hospitality

IHCL to buy stake in firms operating The Clarks Hotels & Resorts' brand

Tata Group-owned Indian Hotels Company Ltd (IHCL) on Monday said a committee constituted by its board has approved and executed agreements to acquire about 51 per cent stake each in two entities -- ANK Hotels and Pride Hospitality -- which have a portfolio of 135 hotels operated under 'The Clarks Hotels & Resorts' brand. The transactions to be executed via cash consideration are expected to be completed by November 15, 2025. The share subscription and purchase agreements and shareholders' agreements were executed to acquire about 51 per cent equity stake for an amount not exceeding Rs 110 crore in ANK Hotels Pvt Ltd, and Rs 94 crore in Pride Hospitality Pvt Ltd, according to a regulatory filing. "The foregoing companies have a portfolio of 135 hotels which are operated under 'The Clarks Hotels & Resorts', primarily across India, IHCL said. The country's biggest hospitality player has also signed a distribution & marketing agreement with 'Brij Hospitality Pvt Ltd', which ...

Indian hospitality sector dips on geopolitical tensions in June quarter

Hotel occupancy and room rates decline across cities amid Indo-Pak tensions, early monsoon and air crash; outlook for September quarter remains optimistic

Roseate Hotels looking to diversify portfolio with managed properties: CEO

Roseate Hotels and Resorts -- which owns luxury properties in India and the UK -- is eyeing new markets including Dubai, Italy, France and Switzerland and looking at diversifying its portfolio with a mix of owned as well as managed properties, the company's CEO Kush Kapoor said. In an interview to PTI, Kapoor emphasised upon the need to market India better, streamline visa processes and improve the working conditions for hospitality sector employees in terms of rationalising their working hours and better wages, as key to attracting more foreign tourists to India and having a better talent pool for the hotel industry. The Roseate Hotels and Resorts CEO also sought rationalisation of GST rates for the hospitality sector and lowering the number of licences required for hotels to reduce the compliance burden. "Yes the focus is very heavily on India. We definitely want to be in the upscale market and would like to grow in tier 2 and tier 3 cities also. For us the most important thing is

Delhi may scrap MCD health trade licence rule for opening new eateries

In a measure to boost the hospitality sector in the national capital, the Delhi government is likely to soon do away with the requirement of obtaining a health trade licence from the civic body for opening restaurants and eateries in the city. Lt Governor V K Saxena, speaking at the "Expresso" event hosted by The Indian Express on Friday, said the requirement of the license for opening restaurants in the city is being abolished. No immediate reaction from the Delhi government or the Municipal Corporation of Delhi (MCD) was available on the development. Recently, the Delhi government did away with the need to obtain 'Eating House Registration and Lodging Certificate' from the police by hotels, clubs, restaurants and guest houses for getting a license to serve liquor. The L-G, last month, withdrew the sanction granted to the Delhi Police Commissioner for the issuance of the eating house registration certificate under an ease-of-doing-business initiative. Speaking at the "Expresso" .

Motilal Oswal sector of the week: Hospitality; check stock picks, targets

Lemon Tree and Indian Hotels are top stocks in the hospitality sector for Motilal Oswal, as they are expected to continue their strength in the current financial year

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

Icra projects 6-8% growth for hospitality, downgrades outlook to 'stable'

Growth of India's hospitality sector is expected to "normalise" at 6-8 per cent in the current financial year, rating agency Icra said on Monday while downgrading the sectoral outlook to "stable" from positive. The rating agency also stated that foreign tourist arrivals (FTAs) to India are expected to remain muted in the next few months in the aftermath of the terror attack at Pahalgam in Jammu and Kashmir, but are estimated to witness a gradual recovery thereafter. However, domestic tourism has been the prime demand driver so far and is likely to remain the same in the near term. Factors, including improvement in infrastructure and air connectivity, favourable demographics, and anticipated growth in large-scale MICE events, with the opening of multiple new convention centres in the last few years, will support the growth over the medium term, Icra said. According to the rating agency, the domestic hospitality sector's earnings and credit metrics are expected to remain stable in ..

Indian hospitality RevPAR up 16.3% in Q1 as sector adds 9,500 keys: JLL

JLL report shows strong investor interest with 79 hotel signings, tier 2 cities leading the growth, and Bengaluru topping RevPAR charts due to Aero India 2025

Tourism, aviation, hospitality to rally after Pahalgam attack: Taj CEO

The tourism, hospitality and aviation industries will work together to face the challenges following the Pahalgam attack and the consequent military situation, said Puneet Chhatwal, MD and CEO of Indian Hotels Company Limited, on Sunday. Chhatwal, whose company operates the Taj Hotels brand, was speaking to reporters on the sidelines of the convocation function at the Indian Institute of Management (IIM), Nagpur. When asked about how the hospitality industry plans to tackle the challenges after the Pahalgam terror attack and the resulting military confict between India and Pakistan, Chhatwal said it is the role of management to navigate through crises, and that every crisis presents an opportunity. That does not mean we should have only crises. Once everything settles down... how we, as a sectortourism, hospitality, and aviationrally together to bring business back to Kashmir, that's the key," he said. Chhatwal also shared his company's plan to start Taj properties in Frankfurt, ..

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

We aim to go beyond the traditional landmarks list: Airbnb Global CFO Mertz

India is an exciting market not just from a demographic point of view, but also because the government wants to make tourism a much bigger portion of the economy, says Mertz

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 ..

Oyo founder Ritesh Agarwal explains why he cleans hotel washrooms

Speaking at the second edition of Mumbai Tech Week on March 1, Ritesh Agarwal highlighted the need for a mindset shift

Hospitality sector gets a boost in Budget with tourism-focused measures

Experts say domestic, international, spiritual and medical tourism set to receive a significant boost

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

UP receives Rs 1 trn investment proposals in hospitality sector in 2 years

Most of the investment is proposed in religious and spiritual centres such as Varanasi, Ayodhya and Prayagraj apart from traditional tourism hotspots like Lucknow, Agra, Kanpur, and Noida

Poised to achieve portfolio of 700 hotels by 2030, double revenue: IHCL

Tata Group-backed Indian Hotels Company on Thursday said it is "well poised" to achieve the portfolio of 700 hotels by 2030 under its "Accelerate 2030" strategy. The country's largest hospitality firm currently has 360 hotels under its portfolio, including 237 operational and 123 hotels in the pipeline. "IHCL is well poised to achieve its goal of a 700 hotel portfolio under its strategy - Accelerate 2030," the company said. IHCL also said it executed "85 signings and 40 openings in 2024". Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL said, "In line with IHCL's strategy Accelerate 2030, the growth continues to be focused on capital light, accounting for 75 per cent of the year's signings." She added, "The iconic Taj brand remains at the forefront of this growth with 19 signings in 2024. This is reflective of the growing affluence and demand for luxury experiences with signings spanning metros, pilgrimage locations, leisure destinations, state capitals .

Oyo completes US-based G6 Hospitality acquisition for $525 million

The deal is expected to increase Oyo's earnings before interest, taxes, depreciation and amortisation (Ebitda) to over Rs 2,000 crore in FY26

Hospitality CEOs raise demands of infra status, increasing marketing spends

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