Page 3 - Hotel Industry

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

Proximity, culture make Sri Lanka ideal for Indian firms: Sanjiv Puri

ITC Chairman Sanjiv Puri says cultural affinity and geography make Sri Lanka a preferred overseas destination as Indian companies expand and FTAs open new avenues

Chalet Hotels may consider own brand in long term: MD & CEO Sanjay Sethi

Sanjay Sethi says that bulk of the company's growth will come from its existing pipeline taking the total keys to over 5,000 on the back of the domestic hospitality boom till 2030

India will be among our top 3 markets in 3 years: Agoda's global CEO

Morgenshtern noted that India is not only the company's top market for growing it's tech workforce but also one of the only three countries where it advertises

Indian hospitality chains chart global routes; target UK, West Asia markets

Hotels planned in UK, Western Asian countries and African continent

New properties and office leasing to drive growth for Chalet Hotels

New hotel properties and stronger office leasing expected to drive margin growth for Chalet Hotels in FY26 despite geopolitical headwinds and seasonal weakness

Tata group's IHCL records 25% higher net profit for Q4FY25 at Rs 522 crore

India's leading hospitality chain to invest over ₹1,200 crore in FY26

Lemon Tree Hotels likely to list its subsidiary Fleur Hotels in 2026

Patanjali Keswani, chairman and managing director, Lemon Tree Hotels, also said in the Q3FY25 earnings call that the company would be debt-free in three years

Luxury rush: Hospitality industry may add 100,000 keys in 5 years

Ascott aims to double rooms to 12,000 by 2028; Hilton Hotels plans to grow operations by 10x in the next 10 years

Hotel chain Hyatt bets on India's population boom to fuel revenue growth

Hyatt said it plans to open six hotels in India, home to roughly 1.4 billion people, this year including in smaller cities from northern Ghaziabad to southern Kochi

Sarovar Hotels invests ₹120 cr in a TN project, its highest investment ever

"This project (Sarovar Portico, Sriperumbudur) opens up in the next two months and is our largest investment till now," said Ajay Bakaya, chairman, Sarovar Hotels and director, Louvre Hotels India

French company Accor Hotels aims to have 300 hotels in India by 2030

Currently, Accor Hotels has 71 operating hotels in India, with 40 hotels in its pipeline.