Saturday, December 21, 2024

Hotels

Treebo Hospitality Ventures (THV) has unveiled its latest premium hotel brand, Medalio. The name, inspired by the word ‘medallion,’ symbolizes a recognition of excellence, catering to those who seek an elevated experience that aligns with their...
Kongsi Tea Bar, a popular Thai bubble tea brand, is planning a major expansion in India through Franchise India. The brand is committed to delivering an authentic bubble tea experience by sourcing high-quality ingredients from Thailand and...

Hotel brands to add 94,000 rooms across segments by 2028-29

India's hospitality industry is witnessing a significant surge in branded hotel rooms, with several Indian and global hotel chains expanding their presence in the...

OYO founder Ritesh Agarwal increases stake with INR 550 Cr investment

Ritesh Agarwal, founder of hospitality giant OYO, is increasing his stake in the company with a INR 550 crore (around $65 million) investment. This...

Eco Hotels adds three more properties, targets profitability by next FY

Eco Hotels and Resorts has acquired three more eco-friendly properties, taking the count to 178 rooms in the books of the company. The company...

Marriott International sees future growth in India’s untapped regional markets

Marriott International, the world’s largest hospitality company by room count, anticipates significant growth in India, its fifth-largest market.Untapped͏͏ Markets͏͏ on͏͏ the͏͏ Radar:David͏͏ S.͏͏ Marriott,͏͏...

SAMHI strengthens portfolio with acquisition of Innmar Tourism and Hotels

Branded hotel ownership and asset management platform SAMHI has successfully finalized the Share Purchase Agreement (“SPA”) for the acquisition of Innmar Tourism and Hotels...

Indian hospitality sector’s revenue per available room set to grow by 8-9% in FY25

The Indian hospitality sector is experiencing significant growth, with a report indicating that revenue per available room is projected to increase by around 8-9...

EaseMyTrip signs exclusive deal with PhonePe for hotel listings

Following the sale of half of his stake for INR 920 crore by cofounder and CEO Nishant Pitti, online travel aggregator Easemytrip has announced...

Indian Hotels Company to launch Vivanta and Ginger Hotels in Tamil Nadu’s Hosur

The Indian Hotels Company Ltd, known for its iconic Taj brand,͏͏ has͏͏ announced͏͏ the͏͏ launch͏͏ of͏͏ two͏͏ greenfield͏͏ projects͏͏ in͏͏ Tamil͏͏ Nadu.͏͏ The͏͏ developments͏͏...

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...

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...

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