Hospital Sector News

India's hospitality sector is experiencing a transformation with over ₹10,000 crore invested in hotel companies since 2023. This surge in IPOs, mergers, and fund-raising signals investor confidence, while new management companies target smaller cities to tap rising demand for leisure travel.

India's hotel sector shows resilience with strong revenue growth reported in FY25. The industry expects continued double-digit growth in FY26 despite geopolitical tensions, driven by rising domestic demand, better transport connections, and strategic pricing by hotel operators.

The new hotels will be built in Ayodhya, Ranthambore, Gangtok, Srinagar, Bandhavgarh, Agra, and Mumbai, as Schloss plans to expand its portfolio to 20 from 13 hotels

Deep discounts demanded by platforms like Swiggy and Zomato are creating an unsustainable business model for restaurants, which are exploring partnerships with mobility firms like Rapido to deliver food and even contemplating legal action against these food aggr.

Hotel occupancy is projected to rise to 70% by 2026, from 63–65% last year, and average room rates could jump by nearly a third from ₹7,800–8,000 a night, the report, titled 'HVS India Hospitality Industry Overview 2024', and shared exclusively with Mint, said.

The government introduced a well-meaning tax exemption to ease the financial burden on students and professionals seeking accommodation services. But its implementation has thrown up several ambiguities.

The pampering begins early this year with rising temperatures, Indian hotels are offering promotions to attract travelers during the typically slow summer season. Major chains like Radisson, Anantara, Oberoi and Hyatt are introducing special packages to boost domestic tourism