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ICRA forecasts 7-9% revenue growth for Indian hotel industry in FY25
According to a report by credit rating firm ICRA, the Indian hotel industry anticipates a revenue growth of seven to nine per cent in...
Hotel association calls for GST reform, seeks 5% rate for in-house restaurants
Hoteliers in the western region, under the banner of the Hotel And Restaurant Association (Western India) – HRAWI, have urged the government to de-link...
Radisson partners with EaseMyTrip and Jeewani Group for second hotel venture in Ayodhya
Radisson Hotel Group on Tuesday announced its plans for a 150-room Radisson Blu Hotel in Ayodhya. Teaming up with EaseMyTrip and Jeewani Group, the...
Juniper Hotels sets price band for INR 1,800 Crore IPO at INR 342-360 per share; subscription opens Feb 21
Luxury hotel developer Juniper Hotels, which runs properties under the Hyatt chain in India, has set the price band for its public issue at...
Karnataka hotels and restaurants lobby for industry status and streamlined licensing procedures ahead of state budget
As the state Congress regime prepares to unveil its second budget on Friday, hotels and restaurants are lobbying the government for industry status and...
EaseMyTrip’s parent company to invest INR 100 Crore in 5-star hotel in Ayodhya
Easy Trip Planners Ltd., trading as the online travel platform EaseMyTrip, has greenlit a plan to establish a luxurious 5-star hotel in Ayodhya, with...
Ginger Hotels to spearhead IHCL’s aggressive expansion plan, anticipates surge in new business revenue
Ginger Hotels, the value brand of Indian Hotel Company (IHCL), will lead the growth of new businesses as it embarks on an aggressive expansion...
India’s hospitality sector records 15.8% year-on-year RevPAR growth in Q4 2023: JLL Report
According to JLL's Hotel Momentum India (HMI) Q4 2023 report released on Friday, the Indian hospitality sector saw continued year-on-year growth in performance in...
IHCL expands presence in Assam with first Ginger Hotel in Dibrugarh
Indian Hotels Company (IHCL), the hospitality firm, recently announced the signing of its first hotel in Dibrugarh, Assam, operating under the Ginger brand.The hotel...
Apeejay Surrendra Park Hotels raises INR 409 Crore from anchor investors ahead of IPO launch
Apeejay Surrendra Park Hotels Ltd., the eighth-largest hotel chain in India, has raised INR 409.5 crore from anchor investors ahead of its upcoming initial...
Apeejay Surrendra Park Hotels announces INR 920-Crore IPO, set to hit markets on February 5-7 with price band of INR 147-155 per share
Apeejay Surrendra Park Hotels, the eighth-largest hotel chain in India with 27 hotels spanning upscale and upper-midscale categories, is set to launch its INR...
IHCL expands portfolio with third hotel signing in Ayodhya
The Indian Hotels Company (IHCL) announced the signing of its third hotel in Ayodhya, Uttar Pradesh. According to a company statement, this brownfield project...