Hospitality
Breaking News
Oyo’s INR 1,600 Crore debt prepayment proposal poised to boost EBITDA leverage: Fitch Ratings
Hospitality unicorn Oyo's plan to allocate INR 1,600 crore, approximately $195 million, for debt prepayment using existing cash and free cash flow is anticipated...
Indian hotels capitalizing on high demand despite dipping occupancy, steers focus on revenue
Hotel chains remain unconcerned about a decline in occupancy rates, directing their attention towards bolstering revenue through market absorption of increased rates.According to a...
OYO initiates INR 1,620 Cr debt repurchase, aims to proactively settle one-third of Term Loan B
OYO, a major player in the hospitality industry, is said to be strategizing to proactively settle approximately one-third of its outstanding Term Loan B...
OYO ramps up presence: Targets 35+ leisure markets with addition of 750 hotels in expansion plan
Hospitality technology firm OYO announced on Monday its plan to expand its platform by incorporating 750 hotels within the next three months across over...
Oberoi group Chairman Prithvi Raj Singh Oberoi passes away at 94, leaving an indelible mark on the industry
Prithvi Raj Singh Oberoi, the Chairman Emeritus of the Oberoi Group of hotels and resorts, passed away at the age of 94 on Tuesday...
IPO-bound OYO records 34% decrease, reaching INR 1,286 Cr in FY23!
IPO-bound hospitality unicorn OYO witnessed a 34% decrease in its net loss to INR 1,286.5 Cr during the financial year 2022-23 (FY23), down from...
Kamat Hotels India appoints Varun Sahani as Senior VP of Operations, setting the stage for growth and innovation
Kamat Hotels India Ltd., a prominent player in the Indian hospitality sector, has appointed Varun Sahani as the Senior Vice President of Operations.Leveraging nearly...
Qavalli Restaurant unveils a regal culinary experience in Aerocity, New Delhi
At the heart of Indian hospitality lies the cherished tradition of "Mehmaan-nawazi," an art form dedicated to the gracious hosting of guests. Central to...
Atmosphere Core announces bold entry into Indian hospitality market, unveils plans for eight luxury properties by 2024
Hospitality firm Atmosphere Core on Thursday made a noteworthy announcement, disclosing their ambitious plans to enter the Indian market. As part of this strategic...
Reliance partners with Oberoi Hotels to elevate luxury hospitality across India and the UK
Reliance Industries, on Thursday, unveiled a partnership with The Oberoi Hotels and Resorts (Oberoi) to collaboratively oversee the operations of three properties spanning across...
Singapore allows recruitment of Indian cooks to alleviate workforce shortages in hospitality sector
With the goal of addressing workforce shortages in its hospitality sector, Singapore has taken steps to enhance its recruitment avenues. As part of this...
Khatirdari Restaurant redefines Indian dining in Noida with a gastronomic brilliance and heartwarming hospitality
Khatirdari Restaurant, a new culinary gem, is poised to redefine the Indian dining experience in Noida. Nestled in the heart of the city, this...