Hotel Business

Radisson Hotel Group elevates key leaders to drive South Asia growth

Radisson Hotel Group has promoted Vikram Berry and Faisal Nafees to senior operational leadership roles, reinforcing its expansion and performance focus across South Asia

PRISM's SUNDAY Hotel enters wildlife tourism, plans 10 resorts in India

The hospitality brand's first property near Jim Corbett opens with 50 rooms, as it eyes expansion across Ranthambore, Bandhavgarh, Kanha, and southern destinations

Radisson adds 10 new hotels in 2025, plans key openings in Delhi, Indore

With 10 new hotels already operational in 2025 and several more lined up before the end of the year, the Radisson Hotel Group aims to build a strong footprint in smaller but fast-growing markets

ITC Hotels signs 14 Fortune Hotels, opens 7 new properties in FY25

ITC Hotels Ltd on Tuesday said it signed 14 'Fortune Hotels' and opened seven new properties under the brand in 2024-25, to further strengthen presence, especially tier II and tier III markets. The new properties are located across emerging markets and gateway destinations and will further strengthen the brand's presence, especially tier 2 and tier 3 markets in the upscale to midmarket category, the company said in a statement. As of March 31, 2025, Fortune brand had a portfolio of 78 hotels comprising 56 operational hotels across India and Nepal with 22 hotels in pipeline, it added. "As we enter this new financial year, we reaffirm our commitment to sustained growth and excellence in hospitality," ITC Hotels Ltd Managing Director Anil Chadha said. He further said, "This footprint expansion endeavours to offer travellers access to prime locations and Fortune's comfortable hospitality." In FY25, the company said Fortune saw six new hotel openings in India at Pahalgam, Puri, Chennai

IHCL plans to add 4,500 rooms in FY26, introduces Claridges Collection

Tata group hospitality major Indian Hotels Company Ltd plans to add 4,500 rooms through over 30 new properties in the next fiscal as part of its ongoing expansion of having over 700 properties by 2030, its Managing Director and CEO Puneet Chhatwal said on Friday. The company, which introduced its new 'Claridges Collection' on Friday, plans to have over 20 properties by 2030 under the new boutique luxury hotels brand starting with the Claridges New Delhi; Connemera, Chennai; and Blue Diamond, Pune, Chhatwal told PTI here. "We opened 25 hotels in this year, and the next financial year it will be north of 30...We used to say, (we would open) two hotels a month...Now we are getting close to between 2.5 to 3 hotels a month. This is where we will be (in the next financial year) with 2.5 being the minimum (per month)," he said when asked about the company's expansion plans for 2025-26. On the number of rooms to be added through the new properties in FY26, Chhatwal said it could be around .

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 ..

Townhouse, Sunday brands bring 50% of Oyo's business: Ritesh Agarwal

He added that the reason for adding premium offerings to the company's suite of services was to improve its bottom line and stay relevant in the market

FHRAI urges govt to delink food and beverage GST rates from room tariffs

The Federation of Hotel & Restaurant Associations of India (FHRAI) on Sunday pitched for delinking the GST on food & beverage services from accommodation charges in hotels. Citing multiple representations made to the authorities, FHRAI emphasized that the current practice of linking F&B taxation to hotel room tariffs is both unfair and operationally challenging for the hospitality industry. Under the prevailing GST framework, restaurants within hotels charging Rs 7,500 or more per room per day are subject to 18 per cent GST on F&B services with input tax credit (ITC) benefits, while those in hotels with tariffs below this threshold must levy 5 per cent GST without ITC. FHRAI has proposed a flexible system allowing all hotel restaurants to independently opt for either 18 per cent GST with ITC or 5 per cent without ITC, irrespective of the room rates. "With regard to our request of delinking this particular GST which is the threshold of Rs 7,500 which is there today, as .

Marriott International adds 12 properties with 1,431 rooms in India in 2023

Global hospitality group Marriott International on Wednesday said they added 12 properties in India in 2023 and over 60 in the Asia Pacific region, excluding China. This addition has brought the company's presence to more than 560 operating hotels and residences, and exceeded 10 per cent net rooms growth compared to 2022, the hospitality group said in a statement. In the last year, Marriott added over 60 properties to its portfolio, particularly in key travel markets such as Japan, India, and Vietnam, it said. The 12 hotels in India have approximately 1,431 rooms, as per the statement. The company also signed over 80 deals across 13 markets, representing approximately 18,000 rooms. At the end of 2023, Marriott's development pipeline for the region stood at over 320 hotels with over 69,000 rooms, it said. In 2023, 15 per cent of the deals signed in APEC were in the luxury segment and a record nine luxury hotels were opened in the region, including The Ritz-Carlton, Melbourne, whic

ICC World Cup 2023: Local biz saw 400% hike in spending by foreign tourists

Quick-service restaurants in host cities saw an increase in spending by foreign tourists for three key matches - India vs Pakistan, India vs England, and the final clash between India and Australia

Hospitality company Peerless Hotels eyes doubling of rooms over five years

Peerless would also look for partners so that the properties can be reached to different feeder markets

Focus more on niche products to tap market demand: Global Travel Market

The first edition of Global Travel Market (GTM 2023) and expo drew to a close here on Saturday with leading players of travel and hospitality sector calling for stepping up promotional efforts focusing more on niche areas like experiential travel, wellness and heritage to tap the full potential of post-pandemic surge in tourism. The four-day event, which saw a large number of business decisions being clinched during the B2B sessions by stakeholders from around the world, also stressed on firming up sectoral collaborations and government-industry relations to impart a further momentum to the highly promising sector. GTM 2023 was organised by South Kerala Hoteliers Forum (SKHF), Trivandrum Chamber of Commerce and Industries (TCCI), Tavaz Ventures, Metro Media and Citrine Hospitality Ventures, a statement said here on Saturday. GTM CEO Siji Nair said the expo had participants from around 24 countries and more than 20 states, making the event a grand success. Overall, more than 1,000 .

Espire Hospitality plans to have 20 hotels by FY25 with Rs 560 cr capex

Espire Hospitality Group is planning to have 20 operational properties by 2024-25, with a capex of Rs 560 crore under its brands - Zana, Country Inn Express and Country Inn Premier, a top company executive said on Saturday. "Currently, we have 10 hotels in the portfolio under the 5 star luxury boutique resort brand 'ZANA - a Luxury Escapes' and the 4 star brand 'Country Inn Hotels and Resorts', with 780 keys. In this financial year, we are adding 200 more keys (3 ZANA resorts) to reach 13 operational hotels with 980 keys," Espire Hospitality Group Chief Executive Officer Akhil Arora told PTI. The capex, through in-house funding, will also be utilised in phases for renovating, leasing and upgrading the existing hotels, he added. The hospitality group, Arora said, is exploring both green-field as well as brown-field properties in leisure destinations like Goa, Uttarakhand, Rajasthan and Himachal Pradesh. "We are exploring opportunities in leisure destinations as well as tier I cities

DB Realty to acquire stakes in 3 hotels for more than Rs 2,300 cr

Mumbai-based D B Realty Ltd on Monday said it will acquire shares in Bamboo Hotel Global Centre, Goan Hotels & Realty and BD And P Hotels for more than Rs 2,300 crore. These deals fall into related party transactions and are done at an arm's length basis, D B Realty said, adding this will enable the company to enter into the hospitality business. In a regulatory filing, D B Realty informed that it has entered into separate share purchase agreements to acquire shares of Bamboo Hotel Global Centre (Delhi) Pvt Ltd, Goan Hotels & Realty Pvt Ltd and BD And P Hotels (India) Pvt Ltd. As per the filing, Bamboo Hotel and Global Centre (Delhi), a joint venture between Prestige Hospitality Ventures Ltd and Marine Drive Hospitality & Realty Pvt Ltd (MDHRPL), is constructing a hotel complex 'Prestige Trade Centre at Aerocity, New Delhi. D B Realty will acquire 10,10,000 Class A equity shares in Bamboo Hotel for a total consideration of Rs 608.88 crore. The property is leased out by ...

Top 10 business ideas under 15 lakh to start earning money today in India

Starting a business can look hectic, but if you have sufficient capital, most of your problems are already eliminated. Here are the top 10 business ideas under 15 lakh

OYO to facilitate skill training for youths at its vacation home biz abroad

Hospitality tech platform OYO on Wednesday said it will facilitate on-the-job training across its vacation home business in countries such as Denmark to selected youth from Haryana in conjunction with Vishwakarma Skills University. OYO signed a memorandum of agreement (MoU) with Vishwakarma Skill University, Haryana Kaushal Rozgar Nigam Limited (HKRNL) and the Foreign Cooperation Department of Haryana government, the company stated. "By facilitating partnerships between educational institutions, government agencies, and private sector companies like OYO, the state government is actively working to enhance its young population's employability and skill sets. "Today's MoU signing initiative not only will contribute to the economic development of the state but also foster international cooperation and cultural exchange through the movement of skilled workers," said Haryana Chief Minister Manohar Lal Khattar. He said that the youth is a significant asset, and creating employment ...

ITC board fixes share entitlement ratio at 1:10 for demerged hotels biz

Diversified entity ITC Ltd on Monday said shareholders will get one equity share of ITC Hotels for every 10 shares held in the demerged company (ITC Ltd), according to the entitlement ratio. At the board meeting of ITC Ltd held on Monday, it was decided that issuance of equity shares by the resulting company ITC Hotels Ltd to the shareholders of the demerged entity will be in the ratio of 1:10, according to a regulatory filing by the firm. The company said the scheme of demerger comprising hotels business of the demerged company into the resulting entity is on a going concern basis. Giving the rationale for the demerger, ITC said it is a diversified company engaged in various businesses including hotels. The hotels business of ITC has matured over the years and is well poised to chart its own growth path and operate as a separate listed entity in the fast-growing hospitality industry, whilst continuing to leverage ITC's institutional strengths, strong brand equity and goodwill, it

Demerged hotels biz will have a strong balance sheet: ITC chairman

Chairman and managing director of ITC Limited Sanjiv Puri on Thursday said that the proposed demerged hotels business will have a strong balance sheet and also be debt-free. Speaking to analysts over concall, Puri said the new entity when it comes into being, will be able to raise capital, either through debt, equity or from strategic investors when required. This is up to to the board of the new entity to determine when such capital is required, Puri said, adding that it will work on a asset-light model requiring modest amount. On July 24, the board of ITC gave in-principle approval to demerge the hotels business into a new entity to be listed pursuant to a scheme of arrangement. In the new entity, ITC will directly hold 40 per cent of equity while the balance 60 per cent will be owned by the shareholders of the company. Puri said "ITC will stay invested in the hotels business with this holding and also draw synergies for its foods vertical from the demerged entity." Puri said "

ITC loses over Rs 50,000 cr m-cap in 2 days on hotel biz de-merger plan

The m-cap of ITC eroded by Rs 54,350 crore to Rs 5.68 trillion in Tuesday's intra-day deal

ITC dips 4% after board gives in-principle approval to demerge hotel biz

The Board has also approved incorporation of a wholly owned subsidiary of the company to be named ITC Hotels Limited