Hospitality Industry News
NFRA imposes ₹10 crore penalty on BSR & Associates, debars two partners
The audit firm which has a contractual relationship with KPMG, has been penalised for alleged lapses in the audit of Coffee Day Enterprises Ltd, the company that runs coffee chain CCD.
2 min read19 Aug 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 2024Hotel Staff Shortages Threaten to Push Travel Costs Even Higher
Room rates look poised to rise as owners pass on escalating wage costs.
4 min read27 Feb 2024Chicago Tipping Fight Brings Tough Choices for Restaurants
Chicago lawmakers could advance a new law requiring restaurants to pay waitstaff the city’s standard minimum wage, regardless of how much they earn in gratuities.
4 min read3 Oct 2023RateGain sees opportunity in hospitality’s talent crunch
NSE-listed RateGain Travel Technologies Ltd expects that technology and artificial intelligence (AI) will play a key role in shaping the future of travel planning as the industry tackles the labour shortage.
2 min read22 Jul 2023The Things Hotels Still Can’t Get Right
Travelers are paying more for hotels but often getting less, from problems with pools to missing food and drink items on menus
4 min read12 Jul 2023Why the Titanic Keeps Drawing Us In
The story of the liner has everything. Splendor and perfection meet a sudden, shocking demise.
6 min read23 Jun 2023Pricey Hurdle Before the Wedding: A Splashy Proposal
South Koreans like to pop the question in a fancy hotel suite, with a new designer handbag to mark the occasion
4 min read14 Jun 2023Some Travelers Look for Museums or Beaches. Others Just Want a Pickleball Court
Fans of America’s fastest-growing sport hate to take time off from play on vacation, and are going to great lengths to incorporate the game into every trip
4 min read12 Jun 2023Should You Really Order the Second-Cheapest Wine?
Diners have long debated whether ordering such wines—the classic ‘I’m not a cheapskate’ move—yields hidden values. Our columnist polls the pros and discovers some gems lurking in plain sight.
5 min read9 Jun 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