Page 2 - Indian Hotels

Indian hospitality companies see little room for growth in FY26: Icra

Revenue growth may be 6-8% after 3 years of double-digit rise

Indian hospitality RevPAR up 16.3% in Q1 as sector adds 9,500 keys: JLL

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

Indian Hotels CEO highlights high taxes hurting tourism sector growth

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

Strong Q4 momentum likely to continue for Indian Hotels Company in FY26

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

Hotel stocks slide, IHCL, Lemon Tree, ITC Hotels down up to 6%; here's why

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.

Hotels hop on Good Friday-Easter boom as travellers chase quick escapes

Mumbai to Goa, Delhi to Amritsar, and Hyderabad to Mumbai are among the most popular domestic routes for the upcoming weekend getaway

Indian Hotels up 5% on increasing footprint with 100 new locations in FY25

Individually, Taj had 87 operating hotels and 42 hotels in the pipeline taking the total to 129 hotels

₹1.5 trillion market-cap drop in 11 Tata group stocks; What should you do?

"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

India's industrial towns turn growth drivers for marquee hotel brands

States as well as the central government are also giving impetus to build infrastructure in and around these industrial hubs

VBL, ICICI Bank: 5 stocks to buy and keep in your portfolio this April

Stocks to Buy: Motilal Oswal Financial Services (MOFL) recommends 5 stocks that can be a part of your portfolio this month

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

Rise in discretionary incomes from tax breaks may flow into travel

IHCL launches Claridges Collections, bets big on India's luxury market

"The happening place in the world is India, so international is not our focus," said Chhatwal, who revealed that he had done his internship at The Claridges back in 1982

India to become Marriott's 3rd-largest mkt in 5 years: CEO Anthony Capuano

India is currently the NASDAQ listed chain's fifth largest market

Tripura govt inks MoU with IHCL for development of Taj Pushpavanta Hotel

The Tripura government on Friday took a significant step in order to boost the tourism in the state by signing a Memorandum of Understanding (MoU) with the Indian Hotels Company Limited (IHCL) for the development of the Taj Pushpavanta Palace Hotel in presence of CM Manik Saha.The Taj Pushpavanta Palace Hotel is a five-star hotel with four exclusive rooms and a touch of the royal era.Taking to social media X, the CM in a post wrote, "A significant step towards boosting tourism in Tripura. Glad to be present during the signing of MoU between the Government of Tripura and Indian Hotels Company Ltd. (IHCL) for development of Taj Pushpavanta Palace Hotel.""This world-class 5-star hotel with four exclusive rooms & touch of royal era will be a milestone in the State's history, enabling the people from the world to know more about the Maharajas of Tripura," the post read.Earlier in the day, the CM flagged off district mobile forensic vans and stated that the initiative would aid in ...

Oyo founder Ritesh Agarwal explains why he cleans hotel washrooms

Speaking at the second edition of Mumbai Tech Week on March 1, Ritesh Agarwal highlighted the need for a mindset shift

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

To boost voter turnout, Delhi shops, salons to offer special discounts

With the Delhi Assembly elections just a day away, the Chamber of Trades and Industries (CTI) has announced that salons and beauty parlours across the city will offer discounts ranging from 20 to 50 per cent to people who cast their vote. Apart from salons, various businesses, including shops, restaurants, hotels, malls, coffee shops, and dhabas, will also offer discounts between 10 per cent and 50 per cent to customers who vote. In a statement on Tuesday, CTI stated that around 500 salons and beauty parlours will provide these discounts on February 6, the day after voting. "The initiative aims to boost voter turnout in Delhi, where elections for 70 assembly seats are scheduled for February 5," it added. CTI Chairman Brijesh Goyal emphasised that this effort is meant to ensure a high voting percentage. "This initiative will encourage more people to cast their vote on February 5 and the voting percentage will increase," said Goyal. He said that more than 500 salon owners and makeup

OYO-owned flex space firm Innov8 raises Rs 110 cr at Rs 1,000 cr valuation

Funding will be used for acquisitions, technology and partnerships, says startup

Increase in room rates, higher occupancy to drive gains for Indian Hotels

Domestic tourism will get a boost from key sporting events, and events like Bharat Mobility Expo, Aero India, Pravasi Bhartiya Diwas, and Mahakumbh

Indian Hotels drops 4% on profit booking, rich valuations post strong Q3

Earlier in the day, the Indian Hotels share rose as much as 2.60 per cent to hit an intraday high of Rs 835 per share