Hotel Industry

Juniper Hotels Q2FY27 net profit more than doubles to ₹37.2 crore

Juniper Hotels reported a 121 per cent rise in Q2FY27 net profit to ₹37.2 crore, supported by higher room rates and occupancy, while total income grew 10 per cent to ₹258.1 crore.

Chalet Hotels Q2 net profit rises 40% to ₹216 crore, revenue falls 32%

Chalet Hotels reported a 39.6 per cent rise in Q2FY27 net profit to ₹216.3 crore, while revenue fell 31.7 per cent amid a sharp decline in real estate segment income.

Hyatt, Saraca announce agreement for four hotels across North India

The agreements cover two existing properties in Lucknow and Corbett, which will join Hyatt brands, and two new hotels near Jim Corbett National Park

ITC Hotels Q2 net profit rises 52% to ₹202.6 crore, revenue up 26%

ITC Hotels reported a 52% rise in Q2FY27 net profit to ₹203 crore, with revenue up 26% and RevPAR growing 21%, as its board approved plans to establish a subsidiary in Dubai.

Demand-supply mismatch to drive revenue growth gains for Indian Hotels

Strong room rates and occupancy lifted Q2FY27 performance, prompting an upgrade in FY27 revenue growth guidance; brokerages remain positive on the stock's prospects

Mahindra Holidays to add 1,000 keys in six months, aims for 10,000 by FY30

Mahindra Holidays plans to add 1,000 resort keys over the next six months, with 70 per cent of capital earmarked for new resorts, despite higher costs and project delays.

IHCL to have 700 hotels within FY27, says MD & CEO Puneet Chhatwal

Indian Hotels Company expects to reach 700 hotels in FY27, ahead of its 2030 target, and has raised its FY27 revenue growth guidance to 15-17% from 12-14%

Prosus-backed Ixigo aims to lead India's budget-to-mid hotel OTA market

Ixigo aims to become India's largest budget-to-mid-market hotel booking platform in four to five years, with plans to grow the business by over 100% in the next four quarters.

Leela Palaces Hotels Q2FY27 profit rises 27% to ₹94.6 crore, revenue up 33%

Leela Palaces Hotels & Resorts reported Q2FY27 net profit of Rs 94.6 crore as operating revenue rose 33 per cent and revenue per available room increased 30 per cent.

India hotel investments jump 197% in H1 2026; developers lead activity

Transaction volumes touched $497 million in the first half, with IBC-led deals accounting for 58 per cent and Tier-II and Tier-III cities capturing 60 per cent

Hotel investments surge 197% as Tier II, III cities grab 60% of deal value

Transactions included luxury resorts in Kerala and Coorg, luxury hotels in Agra, Mussoorie and Noida, and upper-upscale properties in Udaipur and Jaipur.

Radisson group looks to unveil first branded residence project by December

Radisson plans to launch its first branded residence in India by December and double its hotel portfolio to 500 by 2030, says global development chief Elie Younes

UP hotel investment pipeline tops ₹44,250 crore amid tourism boom

UP's hotel investment pipeline crosses ₹44,250 crore as rising tourist inflows spur new projects in Varanasi, Ayodhya, Lucknow and other cities

Hotels see strong demand for weddings as winter bookings fill up early

Hotels are witnessing strong demand for weddings ahead of the winter season, with bookings being made well in advance as sought-after properties report double-digit growth in wedding business and near-full availability during key months. Noor Mahal Delhi NCR Karnal, branded as India's first Autograph Collection Hotel by Marriott International, has seen its wedding business grow around 15 per cent from last year, with substantial business already confirmed for 2027 and enquiries extending to November next year, its Executive Director Roop Partap Choudhary told PTI. "We are witnessing encouraging momentum in the wedding segment, with approximately 15 per cent growth over last year, accompanied by an expanding and more diverse customer demographic," Choudhary said. More significantly, he said, families were committing to wedding venues much earlier than before, giving hotels visibility well beyond the immediate season. "Perhaps the most significant development is the widening of the .

Taking a long-term approach for luxury growth in Indian market: Hilton

Candice D'Cruz, Vice President, Luxury Brands, Asia Pacific, Hilton said that the company was not going slower compared to its global rivals

Global summits push Delhi luxury hotel demand, room rates to new highs

Brics Summit is the latest to turn the focus on the missing mid-segment

Hospitality, by night and day

Former ITC executive Nakul Anand's book unpacks every aspect of the service industry, giving us the behind-the-scenes story of its iconic restaurant brands, Dum Pukht and Bukhara

BRICS Summit tariff spike underscores shortage of 200,000 branded rooms

Tariff spikes during the upcoming BRICS Summit lay bare a supply gap of over 200,000 branded hotel rooms as the industry seeks faster execution of new projects

IHG Hotels & Resorts inks pact for 200 key voco hotel in Maharashtra

IHG Hotels & Resorts on Monday said it has signed a management agreement with Discover Resorts Neral Pvt. Ltd. for a 200-key voco in Karjat, Maharashtra. The property will convert to IHG's premium brand by early 2028, the global hospitality company said in a statement. "voco is well suited to a destination like Karjat, where travellers are looking for a premium experience that feels distinctive, relaxed, and connected to the character of the place." said Sudeep Jain, IHG Hotels & Resorts Managing Director, South West Asia. IHG currently has 53 open hotels operating across seven brands in India and a strong pipeline of 110 hotels due to open in the next 3-5 years.

GST rationalisation for hotels, restaurants can boost tourism: SOTC CEO

Further rationalisation in goods and services tax (GST) on domestic hotels and restaurants could help fuel tourism growth in India, even as the country's travel market continues to grow despite global uncertainties, according to SOTC Travel Managing Director and CEO Vishal Suri. The GST Council had last year reduced GST on hotel rooms with tariffs of up to Rs 7,500 per night to 5 per cent from 12 per cent, without input tax credit, to make accommodation more affordable and support tourism. The new rates came into effect from September 22 last year. Suri said the government's decision to reduce the tax collected at source (TCS) on overseas tour packages to a uniform 2 per cent was a positive step for the industry. "The government has already reduced TCS on overseas tour packages to 2 per cent (uniform rate) and can further consider GST rationalisation on domestic hotels & restaurants," Suri told PTI in an interview. He said tourism has the potential to emerge as a major contributor