Page 2 - Indian Hotels

Roseate Hotels looking to diversify portfolio with managed properties: CEO

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

Indian Hotels, ITC rally upto 3% in weak market; brokerages see more upside

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 rises 2% on strong Q1; should you buy, sell or hold?

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.

Radisson Group looking at doubling hotel portfolio in India: South Asia MD

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

Indian Hotels, Samhi, ITC Hotels gain up to 3% today; should you check in?

Hotel stocks were rising in trade today as expectations that the demand for branded hotel rooms in India may continue to outpace supply growth

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