Hospitality
Breaking News
Dubai’s Shamal Holding acquires full ownership of global restaurant brand SUSHISAMBA
Dubai-based investment company Shamal Holding has recently secured full ownership of the SUSHISAMBA restaurant brand by acquiring the remaining 50% stake, augmenting its initial...
India’s upscale restaurants grapple with longer dining hours amid post-pandemic revival
The resurgence in the hospitality industry presents a fresh hurdle for India's upscale restaurants. With patrons increasingly savoring the in-dining experience, the average duration...
Hip-hop icon Badshah dives into hospitality with new dining ventures in Chandigarh
Badshah, the prominent Indian rapper and heavyweight in the hip-hop scene, is entering the hospitality arena. He has joined forces with Babita Puri Gupta...
IRCTC expands its footprint, ventures into non-railway catering business
The Indian Railway Catering and Tourism Corp. (IRCTC) is strategizing to broaden its presence in non-railway catering ventures. The corporation has entered into agreements...
OYO appoints Rakesh Kumar as new CFO, charts aggressive strategy for 2024
OYO, the hospitality technology platform, announced on Tuesday the promotion of Rakesh Kumar to the position of Chief Financial Officer (CFO), effective January 1,...
OYO unveils Prime Partner Program as it resumes self-operated hotels operations
OYO, a hospitality unicorn gearing up for its IPO, has resumed operations of self-operated hotels after a pause of over two years.Through its recently...
IHCL expands its presence in Kochi with new Vivanta Hotel in Aluva
IHCL, the leading hospitality company, has announced the signing of a new Vivanta hotel in Aluva.Suma Venkatesh, Executive Vice President - Real Estate &...
ITC plans massive expansion in West Bengal, set to increase hotel presence & add new manufacturing unit
ITC Ltd, a prominent conglomerate, announced plans to increase its hospitality presence in West Bengal from five to nine hotels, according to Chairman and...
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...