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Hotels In India

Increase in room rates, higher occupancy to drive gains for Indian Hotels

Domestic tourism will get a boost from key sporting events, and events like Bharat Mobility Expo, Aero India, Pravasi Bhartiya Diwas, and Mahakumbh

Updated On: 20 Jan 2025 | 10:45 PM IST

Eco Hotels expands into Bengaluru, to unveil 2 new hotels by early Feb

Eco Hotels and Resorts Ltd on Thursday said it has expanded into the Bengaluru market by opening a 60-room property and looks to make operational two new hotels in Kota and Nagpur by early next month. The mid-segment hotel chain in a statement said that it has achieved a major milestone and will be entering Bengaluru, the Silicon Valley city of India, with a 60-room property under the 'EcoExpress' brand. Eco Hotels is also gearing up to open two properties at Nagpur with 44 rooms and Kota with 63 rooms by the month-end or early February 2025, it said. The sustainable hospitality services provider said Baroda and Aurangabad hotels are undergoing interiors and will become operational soon. Through our expansion into fast-growing markets like Mysore, Nagpur, and Shirdi, we are strengthening our footprint as well as catering to the travel requirements of environmentally conscious hospitality, Vinod K Tripathi, Executive Chairman of Eco Hotels and Resorts said. The new openings align .

Updated On: 09 Jan 2025 | 6:53 PM IST

NCLAT sets aside EIH plea against NCLT order for Golden Jubilee Hotels sale

The National Company Law Appellate Tribunal (NCLAT) has set aside hospitality major EIH Ltd's petition against an NCLT order approving the sale of Hyderabad-based Golden Jubilee Hotels. The appellate tribunal upheld the earlier decision of the National Company Law Tribunal (NCLT), allowing the bid of a Singapore-based entity and said the business decision by the majority of the CoC (Committee of Creditors) "cannot be questioned or looked into". "This recent judgment leaves no doubt about reinforced faith in commercial wisdom of CoC and little scope of any judicial intervention," said a two-member bench of the NCLAT. Earlier, the Hyderabad Bench of NCLT had approved the bids of Singapore-based BREP Asia II Indian Holding Co II (NQ) PTE on February 7, 2020, which was challenged before NCLAT by EIH, a flagship company of The Oberoi Group. EIH, which was managing Golden Jubilee Hotels and has 16 per cent shareholding, contended that it could not be treated as a promoter and become ...

Updated On: 15 Dec 2024 | 2:30 PM IST

Eco Hotels looks to become profitable by end of FY26; acquires 3 properties

Eco Hotels and Resorts Ltd looks to become profitable by the end of next fiscal and has acquired three properties with around 178 keys, according to a statement. The hospitality company which aims to develop eco-friendly properties with zero carbon footprint is also on course to hit 400-room capacity by month-end, the statement said. Eco Hotels & Resorts CFO Vikram Doshi said, We are committed to turn the company into profit by end of March 2026. We want to turn this company soon into one of the leading hotel companies of India. In its very first year of operation in India, Eco Hotels is setting new standards in sustainable hospitality, the official said. Eco Hotels has also announced the acquisition of three properties. These include a 90-room property in Mysore (Karnataka) a 44-room hotel at Tirupati (Andhra Pradesh), and another 44-room asset in Nagpur (Maharashtra). The company board recently approved the acquisition of these properties on a long-term lease basis. Moreover, .

Updated On: 06 Oct 2024 | 2:45 PM IST

India's hospitality sector attracts $93 million investment in H1 of 2024

Listed hotel companies lead hotel transactions in H1 2024

Updated On: 04 Sep 2024 | 6:02 PM IST

IHCL Q3 results: Consolidated profit after tax rises 18% to Rs 452 crore

The Indian Hotels Company (IHCL) reported a 18 per cent growth in consolidated Profit After Tax (PAT) to Rs 451.95 crore in the December quarter, on strong performance in all verticals. The hospitality company's PAT stood at Rs 382.71 crore in the year-ago period, the company said in a statement. The company's revenue from operations grew 16.49 per cent to Rs 1,963.84 crore in the third quarter of the ongoing fiscal compared to Rs 1,685.80 crore a year ago. IHCL Managing Director and CEO Puneet Chhatwal told PTI that the performance during the quarter was driven by strong performance in all verticals. "IHCL reported an all-time high consolidated PAT margin of 22.6 per cent, marking seven consecutive quarters of record financial performance. This robust performance was enabled by 'same store hotels' clocking RevPAR premium across markets and segments, and the scaling of new businesses," he said. The company's new business vertical comprising Ginger, Qmin, ama Stays & Trails, The ..

Updated On: 02 Feb 2024 | 7:02 PM IST

Hotel stay in India may cost you 7-10% more in 2024, 15% in Delhi, Mumbai

The market cap of listed hotels, at Rs 1.2 trillion, is expected to reach 1.5 trillion by the end of 2024

Updated On: 03 Jan 2024 | 11:02 AM IST

EIH hits 52-week high as promoter Oberoi Group partners Reliance Industries

Reliance Industries and The Oberoi Hotels and Resorts will jointly manage three properties across India and the UK

Updated On: 25 Aug 2023 | 11:22 AM IST

Drivers upbeat, hotels fret over Tamil Nadu's new accommodation norms

Apart from the huge investment separate staying facilities for drivers will entail, hotels also worry that the urban space crunch will prevent them from meeting the 250-metre rule set by the state

Updated On: 05 Jul 2023 | 5:33 PM IST

Hotels, tour operators shed Covid baggage as Diwali promises to sparkle

Group tours at 65-70% of pre-pandemic levels; Southeast Asia, Egypt, and Turkey seeing maximum demand

Updated On: 30 Sep 2022 | 10:57 PM IST

Nehru to 'Gandhi': The history of the iconic Ashok Hotel in New Delhi

A brainchild of then Prime Minister Jawaharlal Nehru, The Ashoka, as it was then called, was among the most iconic hotels in the country

Updated On: 18 Aug 2022 | 1:28 PM IST

Radisson plans to add 100 hotels in India by 2025: CEO Federico Gonzalez

We are looking at India's development and the speed of change in India. If India is growing at 7 per cent, that means more GDP than many European countries, he said

Updated On: 28 Apr 2022 | 2:48 PM IST

Wyndham Hotels and Resorts to double its India properties by 2025

Govt's infra push and a buoyant domestic demand to boost hospitality sector, says the Wyndham's EMEA region head

Updated On: 09 Apr 2022 | 12:23 AM IST

We see recovery in average rates by 2022-end: IHG's Haitham Mattar

Haitham Mattar, InterContinental Hotels Group's (IHG's) managing director for India, West Asia, and Africa talks about the state of the hospitality sector in India and the learnings over past 2 years

Updated On: 08 Apr 2022 | 6:08 AM IST

Covid-19 pandemic: Hotels can't offer vaccine package, says Centre

Necessary legal and administrative actions should be initiated against institutions which are giving package for Covid vaccination in collaboration with hotels, Additional Secretary to Health Min said

Updated On: 31 May 2021 | 12:55 AM IST

Hospitality body FHRAI urges govt to provide soft loans to industry

Hospitality industry body FHRAI urged the government to provide soft loans to the hotel and restaurant sector as businesses are finding it difficult to sustain themselves amid the COVID-19 pandemic.

Updated On: 02 Nov 2020 | 8:16 PM IST

Premium diners hit the brakes hard; look to reinvent for survival

There will be ongoing speed bumps and resets and at least six months before 80 per cent stability returns to dining

Updated On: 14 May 2020 | 2:35 AM IST

Leisure Hotels Group to diversify into hostel and resitel segments

According to travel portal Booking.com, India is among the fastest-growing markets in terms of addition of alternative accommodation platforms

Updated On: 25 Aug 2019 | 11:04 PM IST

Digital check-in, mobile key: Your luxury hotel is no longer the same

Luxury brands bring digital check-in, mobile key and other innovations

Updated On: 20 Sep 2018 | 11:56 PM IST

Top-end luxury hotels in India: Marriott, Accor see room for upscale brands

Marriott operates premium brands like Westin, Le Meridien, JW Marriott and Ritz-Carlton in India

Updated On: 14 Oct 2017 | 10:59 PM IST