Hospitality
Breaking News
Competition watchdog approves ITC Hotel’s demerger plan
The Competition Commission of India (CCI) has given the green light to the demerger of ITC Ltd's hotel business into a separate entity.Once the...
Radisson Hotel Group to rapidly expand presence in India, targeting a new hotel every 20 days
Radisson Hotel Group, the second largest international chain in India by hotel network and room inventory, is set to open a new hotel every...
Indian hospitality sector sees 11.4% YoY RevPAR growth in Q1 2024: JLL Report
The hospitality industry in India saw another year of steady growth in the performance during the January-March quarter of this year. This was largely...
SoftBank-backed hospitality giant OYO withdraws IPO documents, shifts focus to $450M bond sale
OYO, a Delhi NCR-based hospitality unicorn, has officially withdrawn its IPO (initial public offering) documents from the market regulator SEBI. According to the SEBI...
OYO in talks with family offices to raise $90 Million in down round
OYO, a major player in the hospitality industry, is reportedly in talks to raise a down round at a valuation of $2.3 billion, down...
Radisson expands presence in Goa with new Mandrem Beach Resort
Radisson Hotel Group has opened Mandrem Beach Resort, marking the newest addition to its Radisson Individual Retreats in Goa.Situated approximately 28 kilometers from Manohar...
Oyo to resubmit IPO papers following $450 Million refinancing for Term Loan B
Oyo, a SoftBank-backed hospitality and travel-tech firm, is reportedly preparing to refile the draft papers for its much-anticipated initial public offering (IPO) as the...
IHCL to launch over 50 new hotels in next two years
Indian Hotels Company Ltd (IHCL) is set to continue its expansion drive, with plans to open over 50 hotels across its various brands in...
Hotel industry on hiring spree, set to create about 100,000 jobs in next 12-18 months
Hotel operators, who previously slashed jobs in large numbers during the Covid era, are now re-entering the market with vigor, hiring thousands to support...
From sparkling wines to spa treatments: Indian hotels roll out deluxe offers for business travelers
The Courtyard by Marriott Aravali Resort is embracing #BusinessNotasUsual, rolling out exclusive offers tailored for its esteemed corporate clients. Meanwhile, the Four Seasons Mumbai...
IHCL expands partnership with CG Hospitality, sets sights on 25 hotels in Indian sub-continent by 2025
Indian Hotels Company (IHCL) has announced a strategic alliance with CG Hospitality, with the aim of expanding its portfolio within the Indian sub-continent. Their...
IHCL continues expansion in Indore with fifth hotel signing
Indian Hotels Company (IHCL) has announced the signing of a fresh hotel venture in Indore, Madhya Pradesh. This brownfield project will bear the Vivanta...