Hotel Industry

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

Radisson eyes 500 hotels in India by 2030 with focus beyond metro cities

India has emerged as one of Radisson Hotel Group's strategic global growth engines and the company remains on track to reach 500 hotels target by 2030, as it is betting on emerging urban hubs and regional towns, religious tourism destinations and hotel conversions to drive its next phase of expansion, Nikhil Sharma, Managing Director & COO, South Asia, said. Backed by strong owner confidence and growing demand beyond traditional metros, the company expects faster conversion of its hotel pipeline into operational properties over the next two years while expanding deeper into Tier II, III and IV markets -- emerging urban hubs and regional towns -- leisure destinations and religious tourism hubs. "Without question. India has evolved from being an important market to becoming one of Radisson Hotel Group's strategic growth engines globally," Sharma told PTI in an interview. He said the company's India strategy was focused on execution, noting that in the first half of 2026 alone, ...

Radisson Hotel Group signs 10 new hotels to expand footprint in India

Radisson Hotel Group on Monday announced it has signed 10 new hotels in the second week of July, expanding its footprint across seven states and strengthening its growth trajectory in India. The 10 hotel signings span six brands, Radisson Blu, Radisson, Park Inn by Radisson, Radisson Individuals Premier, Park Inn & Suites by Radisson, and Radisson Individuals Retreats. The signings add hotels across major pilgrimage and temple-town markets, including Radisson Hotel Tirupati (Andhra Pradesh), Park Inn & Suites by Radisson Mathura Vrindavan (Uttar Pradesh), and Park Inn & Suites by Radisson Kadapa Airport (Andhra Pradesh). Besides, the group also plans to add more hotels to its current portfolio of 7 operational properties and a pipeline of 5 hotels in Bengaluru, India's technology capital and a strategic growth market. The recent signings include Radisson Blu Resort & Spa Bengaluru, Park Inn by Radisson Electronic City, and Lavish Hotel Bengaluru, a member of Radisson ..

Dark cloud looms over hotel revenues amid drying reservoirs, rising costs

Longer heatwaves caused by El Niño have become a cautionary factor for the wider market, with dropping water reservoir levels setting off alarm bells for highly populated cities like Mumbai and Delhi

IHG Hotels & Resorts open to ownership, franchise models in India

IHG Hotels aims to double its India footprint to 400 hotels by 2030 and is open to acquiring assets as demand and branded hospitality growth accelerates

Demand woes may pull hotel occupancies down amid West Asia crisis

Analysts expect room rates to improve in the upcoming quarters as the impact of the West Asia crisis may normalise

Room with match view: Rajasthan gets ready for India's first stadium hotel

Second at Dharamshala stadium in the works

India's hotel investment market surges 67% to $567 million in 2025: JLL

India's hotel investment market surged 67 per cent year-on-year to $567 million in 2025 across 28 deals, driven by institutional capital, private equity, and strong demand from Tier II and III cities

ITC Hotels Q4 profit up 23% at ₹317 cr; to acquire Zuri Hotels and Resorts

In the same quarter last year, ITC Hotels had posted a net profit of ₹257.85 crore