Hospitality Sector News
Bengaluru 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 2024Luxury and leisure travel brought us out of the pandemic: David S. Marriott
Indians want to invest in experiences, see the world, and have Instagrammable moments, says David S. Marriott, the third-generation hotelier and chairman of Marriott International’s board.
6 min read3 Oct 2024Boutique resorts with celebrity chefs: For the uber-rich bored with luxury stays
For the affluent traveller, luxury hotels and resorts are passé. They are willing to pay much more for the exclusivity and luxury experience of boutique resorts. Catering to them are business scions looking to break out on their own.
7 min read2 Oct 2024Hostel chain The Hosteller raises ₹32 crore in Series A funding to expand to 150 locations by 2026
The chain plans to expand operations across India. With current locations in metro cities, the company will add five hostels monthly and strengthen its market presence.
2 min read5 Sep 2024Hotels eye more room for growth with renovations
Revenue per available room was flat at ₹4,335 year-on-year in Q1FY25, showed HVS Anarock data compiled by Motilal Oswal Financial Services.
3 min read2 Sep 2024Multibagger Praveg shares trade at 30 per cent discount from its recent peak. Should you invest now?
Domestic brokerage firm Monarch Networth Capital has initiated coverage on the Praveg stock with a target price of ₹1,130, which signals an upside potential of 26% from the stock’s recent closing price of ₹895.70.
4 min read28 Aug 2024‘Luxury travel has hit its peak, budget hotels are the future’
Wyndham Hotels & Resorts’ Dimitris Manikis said that continents like Europe taking too long to issue visas or deny visas to Indians was a ‘stupid’ decision. Indians are the travellers of the future. They are young, have disposable incomes and are educated, he added.
4 min read22 Aug 2024Independence Day weekend sends Indians into a travel frenzy
This year, Independence Day on Thursday, followed by Raksha Bandhan on Monday, offers a perfect escape for travellers.
3 min read15 Aug 2024Indian hotel industry saw a tepid Q1. Will the next quarter bring cheer?
Major players like The Oberoi Group and Lemon Tree saw profit declines, while IHCL showed modest growth. But hotel companies are hopeful demand may return in the third and fourth quarter
4 min read12 Aug 2024How Zomato and Swiggy are sparking a boom for small-city eateries
The tier II and III segments are likely to become the next levers of revenue focus for online food tech delivery platforms that saw overall growth moderating last year.
6 min read6 Aug 2024Popular 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