Page 2 - Hotel

Mahindra Holidays & Resorts India to add 850 rooms in FY26: CEO Manoj Bhat

Mahindra Holidays & Resorts India Ltd plans to add 850 rooms in the current fiscal as part of it ongoing strategy to have 10,000 rooms by 2030, according to its Managing Director and CEO, Manoj Bhat. The company, which added 520 rooms in FY25, could see a doubling of its capex in FY26 from the Rs 300 crore spent last fiscal depending on receipt of permits and regulatory approvals for its planned expansion, Bhat told PTI. "We had the highest ever room additions in FY25 and FY26 will be higher, and I think we'll add about 850 rooms... They'll come at various points, (spread from) from Q1 to Q4...," he said when asked about the company outlook for 2025-26. Mahindra Holidays & Resorts India Ltd (MHRIL) currently has total 5,800 rooms under its flagship brand Club Mahindra. On the total number of rooms expected in FY26, he said,"FY26, my guess is (it will be) anywhere between 6,500 to 6,600 rooms." When asked about capex for FY26, he declined to share an exact number saying "we ..

18% GST on dining at 'specified premises' hotels: How it changes your bill

Hotels with room rents under Rs 7,500 in FY25 aren't 'specified premises' unless they opt in voluntarily

OYO expects 60% jump in Q4 revenue at Rs 2,100 crore: Ritesh Agarwal

Global travel tech platform OYO expects to register over 60 per cent year-on-year growth in revenue for the fourth quarter ending March at Rs 2,100 crore, Founder Ritesh Agarwal told the senior leadership on Monday. The OYO Founder and CEO informed the company's top leadership that the sharp jump in Q4 revenue highlights the company's ability to drive sustainable, profitable growth. "We are on track to register over 60 per cent year-on-year revenue growth in Q4 FY25, reaching over Rs 2,100 crore. This marks a significant milestone and highlights our ability to drive sustainable, profitable growth. A key contributor to this performance has been the successful integration of G6 Hospitality, adding Rs 275 crore to our revenue," Agarwal said in the email sent to OYO's senior leadership, seen by PTI. Even without G6, its revenue stands strong at Rs 1,886 crore, demonstrating robust organic growth of 42 per cent, Agarwal said. G6 Hospitality, acquired by OYO from Blackstone in 2024, is a

OYO elevates Sonal Sinha as CEO of newly-acquired G6 Hospitality

Global travel-tech unicorn OYO on Friday announced the appointment of Sonal Sinha as Chief Executive Officer of G6 Hospitality, the American motel firm it recently acquired from Blackstone Real Estate. The acquisition, which was completed in December last year, added 1,500 franchised hotels across the US and Canada to OYO's portfolio, significantly expanding its North American presence. According to OYO, the combined entity is projected to generate a gross booking value of approximately USD 3 billion, with G6 Hospitality, which operates the Motel 6 and Studio 6 brands, contributing USD 1.7 billion. The integration of G6's portfolio with OYO's existing operations is expected to create significant synergies and accelerate growth across international markets, the company stated. "Sonal has been instrumental in driving OYO's international business to new heights," said OYO Founder & Group CEO Ritesh Agarwal. "His deep understanding of our operations and proven track record of ...

Seeing distinctive travel trends in India: Booking.com's Laura Houldsworth

"In India, we're witnessing distinctive travel trends, including spiritual and religious tourism" said Laura Houldsworth, MD & VP, APAC, Booking.com

Hilton unpacks growth plans with 75 Hampton brand hotels in India

Global hospitality major signs strategic licensing agreement with NILE Hospitality

Analysts remain optimistic on FMCG major ITC post hotel arm spin-off

During the pre-open session conducted by the exchanges on Monday, the discovered share price for ITC was Rs 455 per share, down Rs 27 from the closing price of the previous session

Oberoi Realty to build luxury villas, hotel in coast town Alibaug

Company tells stock exchanges it has acquired 81 acres from landowners for the project

Co-living startup Truliv debuts in Bengaluru with nearly 1,000 beds

Adopting a cluster-based growth approach, Truliv plans to expand its operations by adding 1,500 more beds over the next 18 months, bringing its total to 2,500 beds

S Korean hotel fire kills 7, matters made worse by lack of sprinklers

A fire that killed seven people in a South Korean hotel was possibly made worse by the lack of sprinklers, fire officials said Friday, as they investigated the cause of the blaze. At least 12 people were being treated for injuries related to the fire that broke out Thursday evening at the nine-story property in the city of Bucheon, just west of the capital, Seoul. Officials say the fire didn't spread broadly after starting in an unoccupied room on the 8th floor. But with the room was unprotected by sprinklers and toxic smoke quickly filled the upper floors. Most of the victims were found in the rooms and hallways of the eighth and ninth floors. Lee Sang-don, an official with the Bucheon Fire Station, said the hotel, which was built in 2003, wasn't mandated to have a sprinkler system. While South Korea began requiring sprinklers on all buildings with more than six floors starting in 2017, the requirement wasn't retroactively applied to most older buildings, except for some medical ..

Bring tourism policy before investment summit: Hoteliers to Raj govt

The state is holding the 'Rising Rajasthan' summit between December 9 and 11

Travel surge expected during I-Day long weekend: Industry experts

A significant increase in travel is expected during the Independence Day long weekend beginning Thursday, according to industry experts. According to hotel booking platform Booking.com, the top 10 most searched domestic getaways during the long weekends in August are Udaipur, Lonavala, Jaipur, Ooty, Kodaikanal, Munnar, Goa, Mahabaleshwar, Varanasi and Puri. Moreover, the top five most searched metros in India during the long weekends in August are Bengaluru, Mumbai, Delhi, Chennai and Hyderabad. The booking platform looked at search sessions between 28 July-31-July, with check-in dates between 15 August-19 August and 24 August-26 August. "The surge in searches for both domestic and short-haul destinations during August's long weekends reflects this trend. While popular tourist hotspots remain attractive, we are also seeing rising interest in some destinations such as Hampi, Madikeri, Ujjain and Gokarna," Santosh Kumar, Country Manager for India, Sri Lanka, Maldives and Indonesia at

Hotel bookings in 'suite' spot for Independence Day long weekend

Goa has witnessed a 166 per cent spike in bookings

L&T Realty, Valor Estate to co-develop Rs 20k cr project in Mumbai's BKC

The project will feature a mix of premium housing, commercial spaces, and a five-star luxury hotel. It has a total development potential of over 7.5 million square feet

Hotel bookings, airfares on strong wicket as IPL fever catches on

According to Thomas Cook India, online searches for travel during the IPL months are up 25 per cent when compared to last year

Royal Orchid Hotels to add up to 35 properties with 2,000 rooms in FY25

Royal Orchid Hotels is planning to add 30-35 new properties with about 2,000 rooms in the 2024-25 fiscal as part of its expansion plans across India, according to its Chairman and Managing Director Chander K Baljee. The company, which operates hospitality properties under the Royal Orchid and Regenta brands, is also looking to expand its wedding destination portfolio by adding four to five locations every year. "We are expanding very fast. We have already crossed 100 hotels, and I think this coming year (2024-25), have already signed up for another 30-35 (hotels to be added)," Baljee told PTI. In terms of places where these new hotels will come up, he said, "We're looking at all over India. In fact, are we trying to focus on places where we are not present right now like Andhra Pradesh, Telangana and some other places". When asked about the total number of rooms that will be added through the new properties, he said, "I think there should be an addition of approximately 2,000 ...

Long Weekend: Airfares, hotel rates shoot up ahead of Holi, Good Friday

The Indian tourism industry is witnessing a sustained boom on the back of what industry stakeholders call a mindset shift, where people are using every opportunity to travel

Hoteliers consider using disposables as water crisis deepens in Bengaluru

In the wake of the water scarcity, hoteliers in Bengaluru are mulling the use of disposable cups, glasses and plates to avoid excess use of water. The hoteliers are praying for good rain around Yugadi (Kannada new year) time to overcome the crisis. "Most of our borewells have gone dry and we are dependent on water tankers. If there is no rain around Yugadi, then we will have to make alternative arrangements," Karnataka State Hoteliers Association president Chandrashekar Hebbar told PTI on Saturday. According to him, 90 per cent of the water goes for washing utensils and which eventually goes down the drain. "Now we are seriously exploring 'use and throw' material as an option," Hebbar said. The hotelier said it will be a costly affair but the expenditure on the disposable materials will be passed on to the customers. "We are feeling the heat of the water scarcity in Bengaluru. We are praying for good rain around Yugadi," the KSHA president said. Meanwhile, the civic agency in ..

Oyo parent Oravel Stays plans to launch 13 premium hotels this year

Last year, the company started a pilot by setting up 10 Palette resorts in Jaipur, Hyderabad, Digha, Mumbai, Chennai, Manesar, and Bengaluru

Hotel industry's revenue expected to grow 7-9% in FY25, says ICRA

The Indian hotel industry is expected to report a 7-9 per cent revenue growth in FY2025 with occupancy likely to be at decadal highs, ratings agency ICRA said on Tuesday. Sustenance of domestic leisure travel, demand from meetings, incentives, conferences, and exhibitions (MICE), including weddings and business travel despite a temporary lull during the election period are likely to drive demand in FY2025, ICRA said in a statement. Spiritual tourism and tier-II cities are also expected to contribute meaningfully in FY2025, it added. ICRA said domestic tourism has been the prime demand driver in FY2024 and is likely to remain so in the near-term. Foreign Tourist Arrivals (FTA) are yet to recover to pre-Covid levels and the improvement would depend on the global macroeconomic environment. "Demand is expected to remain strong across markets in FY2025, as consumer sentiments continue to be healthy and corporate performance is stable," ICRA Ltd Vice President and Sector Head Corporate .