Page 4 - Hotel Industry

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.

India continues to be a priority market for Wyndham Hotels and Resorts

Currently, it has nine operational hotel brands in India, with Ramada being its leading brand in terms of demand

Luxury hotel chains serve up exclusive experiences, some only for members

From high-end villas with private sommeliers to exclusive showcases at cultural centres to private sessions with Michelin-starred chefs and celebrities, hotel chains are pulling out all the stops

International, domestic mid-scale hotel brands find room to expand

Rise in discretionary incomes from tax breaks may flow into travel

Oravel Stays plans global expansion with 100 new SUNDAY Hotels in FY26

Currently, there are 30 SUNDAY hotels, with Sunday Luxury Downtown Al Qudaybiyah in Manama, Bahrain being one of the recent additions to the brand's portfolio, it said

Ibis plans expansion in key metros, focusing on greenfield projects

On Thursday, it added a fifth hotel at the Bandra Kurla Complex (BKC), with 206 rooms, making Mumbai a major market in terms of revenue contribution

Townhouse, Sunday brands bring 50% of Oyo's business: Ritesh Agarwal

He added that the reason for adding premium offerings to the company's suite of services was to improve its bottom line and stay relevant in the market

Hilton's Signia debuts in Asia-Pacific market with Jaipur hotel in 2028

The 216-room hotel will be developed in partnership with Sandeep Bakshi and Family LLP and will be Hilton's third offering in Rajasthan after Hilton Jaipur and DoubleTree in Jaipur-Amer

Indian Hotels set to add another 'Taj' to Mumbai, to invest Rs 2,500 crore

The construction of the Taj Bandstand, which will house 330 rooms, 85 apartments, and convention spaces, is expected to commence in 2025

Chalet Hotels to acquire Westin Resort & Spa, Rishikesh for Rs 530 crore

The company will acquire a 100 per cent stake in Mahananda Spa and Resorts, a wholly owned subsidiary of Mankind Pharma Limited

OYO to invest Rs 539.57 crore in UK to expand premium hotel portfolio

Travel tech unicorn OYO on Tuesday said it plans to invest 50 million pounds (Rs 539.57 crore) in the UK over the next three years, primarily to focus on expanding its premium hotel portfolio. The investment is expected to support 1,000 jobs over the next three years in the UK hospitality sector, OYO said in a statement. In a significant strategic shift, OYO is actively pursuing premiumization of its UK portfolio, by pivoting towards premium inventory acquisition, focusing on securing long-term leasehold and management contracts. The company is also in advanced stage talks with several large hotel chains and real estate companies for potential asset management transactions. "OYO's investment in premium hotels will not only strengthen our tourism infrastructure, but back our ambitious 'Showcase Britain' initiative, helping to boost economic growth as part of our Plan for Change," said the UK Minister for Investment Baroness Poppy Gustafsson OBE in the statement. Puneet Yadav, Count

Exploring opportunities in branded residences: ITC Hotels MD Anil Chadha

In a recent conversation with Business Standard, Chadha said: "It is something we are exploring, but have not settled for any specific model yet"

Budget 2025: MakeMyTrip CEO seeks industry status for hospitality

Ahead of the Union Budget, MakeMyTrip co-founder and Group CEO Rajesh Magow on Monday said the hospitality sector's long-pending demand for an "industry status and continued focus on infrastructure development to ensure last-mile connectivity are crucial to realising its full potential. In an interview with PTI, Magow shared his wishlist for the Union Budget for 2025-26, to be presented on February 1. "The hope is that it should be growth-oriented budget, which effectively should set the tone for pretty much every sector, including travel and tourism sector for us as well. And within that, you know, the long pending demand of the hospitality sector, on getting the industry status continues to remain, and I think, and it's an important one, for the overall industry," Magow said. Asserting that the government has been doing a "great job" of allocating more funds towards infrastructure development, he said it is important to keep up with the pace of allocation as well as ...