Hotels In India

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, .

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

Listed hotel companies lead hotel transactions in H1 2024

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 ..

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

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

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

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

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

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

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

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

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

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.

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

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

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

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

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