Hospital Stock News
Hotels, travel companies expect domestic tourism to surge in hill stations this winter
They are optimistic that domestic travellers will flock to places such as Gulmarg, Auli and Pahalgam in the first three months of 2025 thanks to improved connectivity, better infrastructure, and more snow than last year.
4 min read3 Jan 2025Grinch Steals Nifty’s Holiday Cheer
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
2 min read27 Dec 2024Lemon Tree eyes shared loyalty alliances with international hotel chains
Lemon Tree Hotels is set to capitalize on rising demand in India, focusing on premium pricing, and plans to list its arm Fleur Hotels. Chairperson Patanjali G. Keswani favours partnerships with international chains and a substantial increase in hotel room inventory for growth.
5 min read8 Dec 2024Bengaluru sees ₹485 crore in hotel asset sales in a single day
Bengaluru sees two hotel acquisitions in a day as Samhi and Juniper secure deals worth ₹485 crore, signalling strong demand in the city's hospitality market. The transactions highlight Bengaluru's growing appeal for hospitality investments, driven by limited supply and rising demand.
2 min read4 Oct 2024EIH-Oberoi Hotels announces exit from UAE market
Oberoi Hotels will leave the UAE market. Employees said the news took them by surprise on the eve of 18 September. The exit follows the termination of its partnership with the Ajman property's owners.
5 min read19 Sep 2024Hotel companies expect recovery in second half of FY25 post tepid performance amid election, heatwave
-Domestic air travel increased in May 2024, but hotel occupancy rates in India remained unchanged-Kochi saw the largest year-on-year increase in occupancy rates in May
3 min read28 Jun 2024Paris to Vienna: InterGlobe's Miiro casual luxury hotel brand set for European launches in 2024-25
Neena Gupta, CEO of InterGlobe's hotel division, announced Miiro's entry into the European market, with Paris opening in July and Barcelona in August.
5 min read17 Jun 2024Puneet Dhawan has been with Accor for 25 years and will be moving on to Minor Hotels as Asia head
Accor Hotels' senior vice president Puneet Dhawan resigns to join Minor Hotels, Garth Simmons to oversee South Asia. Dhawan to lead Asia operations from Bangkok.
2 min read15 May 2024Real estate majors are coming for the hotel industry bearing a ₹10,000-cr purse
Some of India’s largest property developers including Prestige Group, D B Realty, and Brigade Group have outlined mega budgets to expand their hospitality businesses, looking to capitalise on the hotel sector’s promising growth trajectory
6 min read15 May 2024JM Financial initiates coverage on these 3 hospitality stocks with a 'buy' rating; sees up to 29% upside
Global brokerage firm JM Financial has initiated coverage on Chalet Hotels, Lemon Tree Hotels, and Indian Hotels Company with 'buy' recommendations, setting a target price of Rs 620, Rs 115 and Rs 450, respectively.
5 min read19 Aug 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared