Hotel rooms under ₹7,500 move to 5% slab, will bolster midscale segment
Indian Hotels is aggressively expanding its presence in India's hospitality sector through its 'Accelerate 2030' roadmap, targeting growth in the midscale segment.
After an extended consolidation within a rectangle pattern, the Indian Bank stock broke out above the upper resistance band, signaling the start of a fresh uptrend.
Hotels to come up under The Ritz-Carlton, Fairfield by Marriott, JW Marriott and Courtyard by Marriott brands
Roseate Hotels and Resorts -- which owns luxury properties in India and the UK -- is eyeing new markets including Dubai, Italy, France and Switzerland and looking at diversifying its portfolio with a mix of owned as well as managed properties, the company's CEO Kush Kapoor said. In an interview to PTI, Kapoor emphasised upon the need to market India better, streamline visa processes and improve the working conditions for hospitality sector employees in terms of rationalising their working hours and better wages, as key to attracting more foreign tourists to India and having a better talent pool for the hotel industry. The Roseate Hotels and Resorts CEO also sought rationalisation of GST rates for the hospitality sector and lowering the number of licences required for hotels to reduce the compliance burden. "Yes the focus is very heavily on India. We definitely want to be in the upscale market and would like to grow in tier 2 and tier 3 cities also. For us the most important thing is
Demand for luxury hotels will continue in India, with strong demand from domestic leisure travel and higher demand from improving foreign tourist arrivals
Indian Hotels share rose after the company delivered a robust performance in Q1FY26, reporting a 32% Y-o-Y jump in consolidated revenue to ₹2,102 crore, compared to ₹1,596 crore in Q1FY25.
Belgium-headquartered Radisson Hotel Group is eyeing to double its portfolio in India in the next few years, from over 200 operational hotels at present, with a focus on a sustainable and inclusive growth model, according to a senior company official. In an interview to PTI, Radisson Hotel Group Managing Director and Chief Operating Officer for South Asia Nikhil Sharma said its hotel in Pahalgam is currently operating at an occupancy rate of 20-30 per cent of what the occupancies were last year, in the aftermath of the recent terror attack on tourists that shook the nation. Notably, Radisson is the largest luxury hotel chain in Jammu and Kashmir, with seven hotels in operation, including five in the valley, and 2-3 hotels in the pipeline. "We are, I would say, operating between 20 to 30 per cent in cities like Pahalgam. So in Srinagar, we are about 50 per cent of what the occupancies were last year. Last year, about 35 lakh tourists came into the valley. "This year, we are not seei
Hotel stocks were rising in trade today as expectations that the demand for branded hotel rooms in India may continue to outpace supply growth
Revenue growth may be 6-8% after 3 years of double-digit rise
JLL report shows strong investor interest with 79 hotel signings, tier 2 cities leading the growth, and Bengaluru topping RevPAR charts due to Aero India 2025
India holds immense potential to attract foreign tourists, but it is lagging severely, Indian Hotels Company Limited MD and CEO Puneet Chhatwal said on Friday, asserting that high tax rates were a key impediment in creating global brands for the country's hospitality sector. He also sought an "additional push" while referring to the "infrastructure" status accorded to 50 tourist destinations in this year's Budget and reiterated the long-standing demand for an "industry" status. Alluding to the lack of competitive advantage in terms of margins, the Indian Hotels Company Limited (IHCL) MD and CEO said, "If you are the highest taxed sector in every possible way, GST, excise, paying all charges during COVID when your business is shut with the least amount of budget for promotion, for marketing the destination and just relying on what we have, then how are you going to create those kind of global brands on your own". Speaking at CII's Annual Business Summit, Chhatwal said India is not ju
Occupancy grew 80 basis points (bps) Y-o-Y to 79.4 per cent while management fees also went up 15 per cent to ₹170 crore in Q4
Analysts believe tourist arrival in Kashmir will take a halt for some time and domestic travelers will switch to other domestic tourist destinations in the near term.
Mumbai to Goa, Delhi to Amritsar, and Hyderabad to Mumbai are among the most popular domestic routes for the upcoming weekend getaway
Individually, Taj had 87 operating hotels and 42 hotels in the pipeline taking the total to 129 hotels
"Tata Group shares have rallied in the last three years and have outperformed other group stocks in the Indian markets, said Kranthi Bathini, equity strategist, WealthMills Securities
States as well as the central government are also giving impetus to build infrastructure in and around these industrial hubs
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Rise in discretionary incomes from tax breaks may flow into travel