Page 2 - Indian Hotels

This recently listed stock enters top-100 mcap club; jumps 127% in 6 days

At 02:16 pm, with a market cap of Rs 95,886 crore, Waaree was trading 12% higher at Rs 3,337.70, and stood at number 100th position beating Indian Hotels.

Cuban cigars to AirTags: Luxe hotels curate Diwali hampers beyond the box

Locally sourced goodies, sustainable packaging becomes the draw this festival season

Hyatt Hotels plans to reach 100 properties in India within 5-6 years

Global hospitality major Hyatt Hotels Corporation is confident of nearly doubling its properties in India to 100 hotels over the next five to six years to tap opportunities in one of its top global growth markets, according to a senior company official. The company is also actively exploring opportunities to introduce additional global brands from Hyatt's portfolio to India, Hyatt Hotels Corporation Managing Director, India & Southwest Asia, Sunjae Sharma told PTI in an emailed interview. "We are enthusiastic about our expansion plans in India. With our strong pipeline and strategic growth initiatives, we are confident that we will achieve the milestone of 100 hotels within the next 5-6 years," he said. Sharma said, "This ambitious target is driven by the flourishing travel and hospitality industry in India, the growing demand for high-quality hospitality, and the strong connection our brand has with discerning travellers." He was responding to a query on how many properties and ..

Oyo likely to raise $200 million at 2x valuation of $4.5-5 billion

OYO to refinance its $450 mn of outstanding debt

SAMHI Hotels to acquire Innmar Tourism for enterprise value of Rs 205 cr

Innmar Tourism and Hotels, incorporated in October 2003, had a turnover of Rs 24.76 crore in FY24

Oyo buys leading US hotel chain G6 Hospitality from Blackstone for $525mn

Oyo has steadily expanded its footprint in the United States since its launch in the region in 2019 and currently operates over 320 hotels across 35 states

From filter coffee to viral blend: Annapoorna steams up headlines

Sreenivasan raised concerns about the different GST rates for sweets, savouries, and bakery products during an interaction of Sitharaman with MSMEs and Chamber of Commerce in Coimbatore

Chandan Taparia of MOFSL recommends buying these stock on September 11

PI Industries is in a strong uptrend and holding the gains at higher zones.

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

Listed hotel companies lead hotel transactions in H1 2024

F&O Cues: Options data hint more gains for Nifty; 4 stocks see long buildup

Derivative market update for Monday, Sept 02: FIIs long-short ratio in index futures rose to 2.6:1, implying 5 longs for every 2 shorts. Bandhan Bank, Syngene and Granules India see long buildup.

InterGlobe opens boutique lifestyle hotel Miiro in Paris, Barcelona

InterGlobe Enterprises, the biggest shareholder of IndiGo airline, has opened its boutique lifestyle hotel Miiro in Paris and Barcelona and is looking to add more properties in Europe over the next couple of years, a top official said. Neena Gupta, CEO of Miiro, said Le Grand Hotel Carye in Paris opened in July and Borneta in Barcelona this month. The entry-level luxury lifestyle hotel brand will continue back-to-back launches into 2025 with London and Vienna. Templeton Garden in London, located in the leafy area of Earl's Court, will offer 156 rooms, complemented by a cafe-deli, a neighbourhood restaurant, a vibrant bar, and an outdoor F&B experience in an expansive garden oasis in the Spring of 2025, she said. The two hotels in Vienna, with their strategic location boasting over 200 rooms, will be the next destination for Miiro. With further openings planned for 2026, Miiro is poised to expand its footprint significantly. InterGlobe, which is the biggest shareholder in ...

Indian Hotels Company lacks valuation comfort despite strong outlook

IHCL continues to expand its network and has opened six hotels in Q1FY25, crossing the milestone of 325 hotels

Indian Hotels stock soars 8% on heavy volumes on healthy growth outlook

The average trading volumes at the counter jumped over eight-fold, with a combined 18.6 million shares representing 1.3% of total equity of IHCL changing hands on the NSE and BSE till 01:45 PM.

Budget 2024: Hospitality sector seeks infra status, single window clearance

Budget 2024: Industry leaders have urged Union Finance Minister Nirmala Sitharaman to accord infrastructure status for hotels across all categories built at a project cost of Rs 10 crore and above

Hotel stocks to find suite spot in medium term despite Q1FY25 chill

Room with a view: Lemon Tree Hotels, Samhi Hotels top picks on brokerage rankings menu

EIH Associated Hotels greenlights bonus share issue; Stock surges 9%

Shares of EIH Associated Hotels, the flagship company of the Oberoi Group soared up to 9.4 per cent at Rs 925 per share

EIH Q4 results: Consolidated net profit more than doubles to Rs 247.6 cr

Hospitality major EIH Ltd on Wednesday reported more than two-fold increase in consolidated net profit to Rs 247.6 crore for the March quarter, driven by higher revenue. The company, which owns and operates hotels and resorts under the Oberoi and Trident brands, had posted a consolidated net profit Rs 92.16 crore a year ago, a regulatory filing showed. During the quarter under review, its total income rose 17.6 per cent to Rs 781 crore, against Rs 663.86 crore in the corresponding January-March period of the previous year. For the full financial year 2023-24, EIH Ltd's net profit more than doubled to Rs 677.7 crore, as against Rs 329.1 crore in the previous fiscal. The company's total income during FY24 grew 25.3 per cent to Rs 2,626 crore, from Rs 2,096.4 crore a year ago.

Buy & Sell: Top three picks by Anand Rathi for May 28; check target prices

Olectra Greentech stock is now comfortably maintaining its position above this trendline, indicating a strong upward movement.

Indian hospitality sector witnesses 11.4% growth in RevPAR in Q1 2024: JLL

Increase in corporate travel, weddings, and Meetings, Incentives, Conferences, and Exhibitions (MICE) demand at the end of FY24 have contributed to this strong performance of the sector

IHCL, partner CG Hospitality eye 25 hotels in Indian sub-continent by 2025

Indian Hotels Company (IHCL) on Thursday announced a strategic partnership with CG Hospitality with a plan to grow its portfolio in the Indian sub-continent to 25 hotels by 2025, involving a total investment of around Rs 4,000 crore. The portfolio of 25 properties by 2025, will include 11 operating hotels with 900 keys and will add another 14, which will be under one platform -- 'Ekyam' -- to pursue opportunities in destinations that offer adventure experiences across the Indian Ocean and Greater Himalayan regions and wildlife escapes, IHCL Managing Director and Chief Executive Officer Puneet Chhatwal told reporters. IHCL's Vice President Commercial Ram Maheshwari will lead the 'Ekyam' platform, he added. "We have a long-standing association with CG Hospitality, a member of the renowned CG Corp Global for over two decades. We are delighted to announce that the next phase of this partnership will pursue accelerated growth in the Indian sub-continent. "This collaboration under the ..