Hospitality
Breaking News
OYO acquires US chain Motel 6 in $525 Mn deal, eyes global expansion
Motel 6, the iconic budget hotel chain known for its long-standing presence along U.S. highways, is set to be acquired by OYO, an Indian...
Feastary Hospitality secures master Franchise for TGI Fridays in North India, plans revival with INR 50 Cr investment
Feastary Hospitality, a mid-sized hospitality company, has secured the master franchise rights for the global casual dining chain TGI Fridays in͏͏ North͏͏ India.͏͏ This͏͏...
Oberoi Group to exit UAE as management contract for Al Zorah Resort ends
Oberoi Group, the luxury hotel chain, will no longer manage The Oberoi Beach Resort, Al Zorah,͏͏ following͏͏ the͏͏ termination͏͏ of͏͏ its͏͏ contract͏͏ with͏͏ the͏͏...
Taj Hotels becomes first Indian hospitality company to achieve INR 1 Lakh Cr market cap
St͏art͏ing ͏w͏i͏t͏h͏ a da͏i͏l͏y ͏ra͏t͏e of͏ IN͏R 6 ͏in 1͏903 at i͏ts͏ ͏in͏a͏ug͏ural͏ M͏umb͏ai (then B͏ombay) prop͏e͏r͏ty, Tat͏a G͏r͏oup͏’s ͏Taj͏ Ho͏tel͏s ͏h͏a͏s ͏now ͏achi͏eved...
Radisson Blu Guwahati to expand with 85 new rooms and 10,000 square feet
Radisson Blu Guwahati is expanding with 85 new rooms and an additional 10,000 square feet of space.The hotel currently offers 196 rooms. It has...
Royal Orchid Hotels anticipates 80% occupancy in H2 2024
After a sluggish first quarter, Royal Orchid Hotels Ltd. expects occupancy rates to rebound to around 80% in the third and fourth quarters, according...
Radisson Hotel Group signs Glenview Resort in Kasauli, expanding presence in Himachal Pradesh
Radisson Hotel Group has expanded its footprint in Himachal Pradesh with the addition of Glenview Resort in Kasauli. This brings the group’s total to...
Udaipur sees surge in major hotel openings as tourist numbers hit new heights
Udaipur is experiencing a surge in hotel openings. The city of lakes, which saw a record two million tourists last year, is set to...
IHCL introduces new Gateway brand, aims for 100 hotels by 2030
Indian Hotels Company Limited (IHCL) has unveiled the reimagined Gateway brand to capitalise on growth opportunities in metropolitan and tier II/III cities.N͏ew Hotel ͏͏͏in...
Royal Orchid Hotels to expand to 200 properties by FY27
Bengaluru-based Royal Orchid Hotels Ltd aims to expand its hotel network to 200 properties by FY27. The company plans to leverage the rising demand...
OYO eyes 3x increase in net profit to INR 700 Cr for FY25
OYO, the hospitality and travel tech platform, is targeting a threefold increase in its profit after tax (PAT) to INR 700 crore for the...
Wyndham to open first luxury hotel in India with Wyndham Grand Udaipur; plans expansion with new brands and strategic alliances
Wyndham, the world's largest hotel franchising company, will debut its first luxury property in India with the Wyndham Grand in Udaipur next year. The...