Page 2 - Hotel Industry

Hotels across India get GST notices for underpayment on restaurant services

Hotels face GST demands as authorities flag underpayment on restaurant services linked to room tariffs above ₹7,500

Hospitality body seeks 5% GST with 50% ITC on hotel rooms under ₹7,500

HRAWI urges GST reforms proposing 5 per cent GST with 50 per cent ITC or 18 per cent GST with full ITC on hotel rooms under ₹7,500 to balance growth and consumer benefits

IHCL invests ₹100 cr in ELEL Hotels via rights issue for Taj Bandstand

ELEL Hotels holds the lease for Bandstand land parcel, where IHCL is developing Taj Bandstand, its fifth Taj-branded hotel in Mumbai alongside Taj Lands End

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

Radisson Hotel Group to expand footprint in India, boost heritage tourism

The hospitality group currently operates a portfolio of over 200 hotels across the country

Marriott appoints Kiran Andicot as senior V-P for South Asian region

Marriott International appoints Kiran Andicot as senior vice president for South Asia after Ranju Alex's departure to Accor Hotels, marking a key leadership change

YES Securities sees 40% upside in this hotel stock, initiates with 'Buy'

Analysts at Yes Securities said Samhi Hotels has a presence in key metro markets with upcoming capacity additions and a proven track record of asset turnaround

FHRAI seeks GST rationalisation to boost India's tourism competitiveness

FHRAI urges the government to rationalise GST to make India's tourism sector globally competitive, aligning with Vision 2047 and attracting more investment to the economy

What are brokerages saying about this hotel stock after its Q1 results?

Nuvama said the hotel operator's Q1 growth was "driven by improving average room rates (ARRs) and occupancies across portfolio brands" despite geopolitical tensions and air travel disruptions.

EIH to open four hotels to expand presence in India's leisure market

The company will be expanding through its Oberoi and Trident brands for the new hotels under management contracts, it said in a release in a stock exchange filing

EIH Q1 net profit declines 63.3% to ₹33.9 crore on exceptional loss

EIH's net profit fell to Rs 33.9 crore in Q1FY26 due to a Rs 110.49 crore exceptional loss on its Mashobra Resort investment, Tirupati project, and Kolkata renovation

Brigade Hotel likely to add 960 rooms, expand luxury business by FY29

Brigade Hotel Ventures plans to add 960 rooms to its portfolio by FY28, targeting the luxury market. The company also aims to raise Rs 759.6 crore through its IPO, opening on July 24

Taj parent expands partnership with Ambuja Neotia Group for 15 new hotels

Indian Hotels Company (IHCL) has entered into an agreement with Ambuja Neotia Group to establish 15 new hotels across multiple states, set to be completed over the next three to seven years.

Smallcap hotel stock zooms 109% from April low, hits new high. Do you own?

Shares of Samhi Hotels hit a new high of ₹251.90 in intra-day trade and rallied 14% in the last 2 weeks as Indian Hotels and ITC Hotels reported strong earnings for the June 2025 quarter.

ITC Hotels plans to scale up to 220 properties by 2030 via franchise push

ITC Hotels is accelerating growth through franchise and management contracts under its asset-light growth strategy, strategic partnerships, and brand-led operations in India and neighbouring markets

ITC Hotels plans to expand portfolio to over 220 operating units by 2030

ITC Hotels Ltd is aiming at expanding its portfolio to over 220 operating units with more than 20,000 keys by 2030, its latest annual report said. According to the annual report for 2024-25, the company plans to accelerate its growth through management contracts and franchise arrangements. Approximately, 70 per cent of the keys are being operated under management contracts, including franchising, it said. Spun into a separate entity after the demerger from ITC Limited, the company owns brands like ITC Hotels, Mementos, WelcomHotel, Storii, Fortune and WelcomHeritage. "Having achieved considerable scale and market standing, the business pivoted into an asset right strategy to drive growth and reduce the capital intensity of operations," the company said. The focus was also on strong partnerships with asset owners, leveraging brand credentials and providing operational expertise, ITC Hotels said in the report. In the last two years, 30 hotels have been launched under the ITC Hotels

Ventive Hospitality signs 7 new hotels with Marriott International

Atul Chordia, chairman and executive director, Ventive Hospitality, told Business Standard that all these hotels would be operational in four years, with 200 to 250 rooms being added annually

IHCL brands are growing, Ginger expanding fastest: N Chandrasekaran

At IHCL's AGM, chairman N Chandrasekaran says all brands are growing, led by Ginger; EBITDA margin at 35 per cent and goal set to double revenue by 2030

IPOs mark a new era for India's hospitality industry with scale, ambition

In the past two months, international chains have announced aggressive expansion plans for India. Most plan to open 100-300 hotels in the next five years, said analysts at Elara Capital

Indian hospitality industry protected from AI but needs massive manpower

Hotel chains have partnered with reputed hospitality institutes, participate in campus placement drives but to bridge the talent gap