Luxury Hospitality

Kolkata-based Jain Group to invest Rs 500 cr in hospitality sector by 2030

The group aided Sarovar brand's re-entry into Kolkata after a gap of 5 years. Sarovar Portico Kolkata at Rajarhat was launched on Wednesday, a 128-key mid-market hotel

Unlocking the Luxury Market in India

UK tycoon Mike Lynch missing: How a luxury yacht sank in freak Sicily storm

The luxury British superyacht was carrying 22 people onboard when it was hit by a sudden tornado-like storm on early Monday in Sicily and then sank in water, reportedly trapping six people inside

Russia's luxury hotels eye Indian hospitality firms for revival plans

Traditional management contracts and franchising agreements are among the potential collaboration models being explored

Hospitality industry expects 11-13% revenue growth on domestic demand

The hospitality industry is expected to clock 11-13 per cent revenue growth in 2024-25 on steady domestic demand and a rise in foreign travellers, a report said on Monday. This revenue growth will follow a likely 15-17 per cent growth in the current financial year, backed by steady domestic demand and ramp-up in foreign travellers, Crisil Ratings said in a report on Monday. The strong demand dynamics along with modest new supply will keep the operating performance of the industry healthy over the near term, the report added. According to the report, the healthy operating performance will augur well for the industry profitability where the EBITDA, or earnings before interest, taxes, depreciation, and amortization will continue the strong momentum over the current and the next fiscal. This, along with limited capital expenditure, will keep the credit profiles strong, the report noted. "The domestic travel demand, which remained a key driver this fiscal, will sustain next year as wel

Reserving success: Hotel stocks thrive as demand checks in for long stay

Ride the wave of Q3FY24 strength, fuelled by rising average room rates and enhanced occupancy

Radisson Hotel Group added 21 properties in India under 9 brands in 2023

The Radisson Hotel Group on Wednesday said it has accelerated its growth in India by signing 21 hotels under a portfolio of nine brands in 2023. These 21 hotels also include the signing and opening of the group's first property at Ayodhya, in Uttar Pradesh -- Park Inn by Radisson Ayodhya, as the destination gained a lot of national and international attention following the consecration of the Ram Temple last month, Radisson group said in a statement. In India, the Group continues to enjoy a first-mover advantage in the country's key pilgrim destinations. It will soon introduce branded hotels in Vrindavan in Uttar Pradesh and Ujjain in Madhya Pradesh, the statement added. Globally, Radisson Hotel Group added over 30,000 keys to its international portfolio. In the Indian market, Radisson Hotel Group is one of the largest international hotel operators with over 165 hotels in operation and development. It continues to be the largest hotel operator in tier I markets like Delhi NCR ...

IHG Hotels & resorts focused on bringing more luxury offerings to India

The company's market share grew by 1.2%, biz surpassed pre-Covid levels

Who was Biki Oberoi, the man who set high standards in hospitality industry

Born in 1929, Biki Oberoi was the executive chairman of EIH Limited, the flagship company of the Oberoi Group, from 2002 to 2022

PRS Oberoi, pioneer of Indian hospitality industry, passes away at 94

In 2008, Oberoi was awarded the Padma Vibhushan, India's second-highest civilian honour for his contributions to the hospitality industry

Expect premium hotel occupancy in India to be at decadal-high of 72%: Icra

Premium hotel occupancy in India is estimated to be at a decadal-high of 70-72 per cent with average room rates expected around Rs 6,000 to Rs 6,200 in FY24, ratings agency ICRA said on Wednesday. Consistent improvement in consumer sentiments despite the inflationary environment, stable corporate performance, and domestic air passenger traffic inching above pre-Covid levels augur well for travel and hotel demand, ICRA said in a statement. The ratings agency said it "estimates pan-India premium hotel occupancy at around 70-72 per cent in FY2024, after recovering to 68-70 per cent in FY2023." Pan-India premium hotel average room rates (ARRs) are expected to be at Rs 6,000 to Rs 6,200 in FY2024, it added. "While the occupancy is expected to be at decadal highs, the RevPAR (Revenue per available room) is expected to remain at a 20-25 per cent discount to the FY2008 peak," ICRA said. ICRA Ltd Vice President and Sector Head Corporate Ratings, Vinutaa S said gateway cities like Delhi an

Planning a trip to Goa? Visit Hammerzz: The Luxury Night Club for stunning parties

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Hospitality sector's per-room revenue grew 89.6% YoY in Q3: JLL report

Room demand across business cities remained strong during the quarter, primarily driven by MICE and other business-related travel

Open skies bring flood of enquiries from overseas to luxury retreats

Ananda in the Himalayas, a destination spa resort in the foothills close to Rishikesh, has witnessed an all-time high interest from foreigners

Suba Group's Click acquires controlling stake in leisure group1589 Hotels

Click Hotels envisions crossing 3,000 rooms and plans to have a pan India presence by 2021.

Marriott hotels to add 7 seven new properties in India as visitors check in

Group is operating at 50 per cent plus room occupancy, says senior executive as industry bets on domestic leisure travelers

The Chambers: Refurbished members-only club at Taj hotel reopens today

Originally opened in 1975 at the Taj Mahal Palace in Mumbai, The Chambers came to Delhi in 1982

Free salons to discounted room rates: Hotels go all out to lure guests

French hospitality major Accor that operates hotels under Pullman and Novotel brands in India, is offering flat discounts on bookings

Marriott International offers 30% discount at all its hotels in South Asia

The scheme covers more than 90 hotels across India, Nepal, Bhutan, Bangladesh and Sri Lanka.

Grab a slice of India's glorious past at these magnificent palace hotels

The gateway to India's regal heritage, the vintage art and architecture, anecdotes and ambience of heritage hotels offer a unique experience to those soaking into the country's culture