Page 2 - Hotel Industry

Radisson Hotel Group expands to 200 hotels in India, eyes 500 by 2030

The hospitality major strengthens its India presence with 59 new signings in 18 months, aiming to open 500 hotels by 2030 across business and leisure destinations

ITC Hotels launches Epiq Collection, aims for 1,000 premium keys

Firm's Q2 net profit surges 74%; outlook for H2 upbeat

Brigade Hotel Q2FY26 PAT up 58% on robust performance and reduced cost

Nine hotels to be added by FY30 with Rs 3,600 crore investment, doubling its portfolio

Indian hospitality chains eye global expansion, Leela is the latest

From Dubai to London, Indian hospitality majors like Leela, Taj, and Oberoi are stepping up their international presence to tap into high-spending global travellers

PRISM-backed Sunday PropTech to acquire 12 hotels in FY26 expansion push

The OYO Assets firm aims to expand its premium and mid-premium portfolio, with acquisitions funded through a mix of debt and equity backed by InCred, Analah, and SoftBank

Leela Hotels logs net profit of ₹74.7 crore, announces global foray

The Leela will require upfront capital ₹4,370 million for the 25 per cent stake, while private funds, managed by Brookfield, will acquire the balance 75 per cent stake

FHRAI urges FM Sitharaman to restore ITC, delink F&B GST from room tariffs

Hospitality body seeks regularisation of past GST dues, restoration of input tax credit for hotels, and flexibility in F&B taxation linked to room pricing

Rains drag Q2 growth for hotels; festive, MICE demand to drive H2

An extended monsoon slowed Q2 occupancy for hospitality players, but brokerages expect a strong second half led by MICE, festive, and wedding demand

ITC Hotels signs agreement with KIHPL to manage luxury hotel in Patna

ITC Hotels on Monday announced the signing of definitive agreements with Kumar Infra Hotel Private Limited (KIHPL) to manage a 140-room luxury hotel in Patna, Bihar. Part of Bihar Tourism development initiatives, the new hotel project was part of a competitive government bid process, which was secured by KIHPL with ITC Hotels as the finalised hotel operator. The project is set within a 1.5-acre site, helping the company expand its luxury hotel portfolio in the state. It will showcase "our iconic culinary and service excellence in Bihar through this ITC Luxury Hotel," according to Anil Chadha, Managing Director at ITC Hotels Ltd. "Our luxury properties epitomise the culture and ethos of each destination, offering indigenous experiences while celebrating the rich heritage of the region through distinctive architecture, arts, crafts & rituals," Chadha said. Manish Kumar, Director - Kumar Infra Hotel Private Limited, said, "It is a matter of pride for us to develop this project with .

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