Luxury: The New Currency For Hotels
Branded and boutique hospitality players look at spreading their wings amid rising room tariffs and occupancy rates.
hospitality industry
June 2023
May 2023
March 2023
September 2022
August 2022
July 2022
February 2022
August 2021
Nasdaq-listed MakeMyTrip's loss narrows to ₹92.1 cr in FY23
The company's gross bookings surged 122% year-on-year to ₹54,306 crore in FY23 as against ₹26,330 crore in FY22.
The Elgin Fairlawn Kolkata Honored as Award-Winning Hotel for Delivering Exceptional Guest Services on International Hospitality Day 2023
As a distinguished member of the Elgin Hotels and Resorts family, The Elgin Fairlawn Kolkata stands as a testament to its commitment to providing unparalleled excellence in the hospitality industry.
Indian travel operators to report profits after 2 years: CRISIL
While operating profitability is expected to check in at 6-7%, revenue should drive past 90% of pre-pandemic levels, says CRISIL.
21% ‘ghost malls’ in top 8 cities in dilapidated state: Knight Frank
A lot of ‘ghost malls’ have sprung up in the organised retail sector in India, which comprise nearly 0.8 mn sq m in gross leasable space, shows Knight Frank's ‘Think India, Think Retail 2022’ report
Big boost for hospitality sector: Cabinet hikes ECLGS corpus by ₹50,000 crore
The increase has been done on account of the severe disruptions caused by the Covid-19 pandemic on hospitality and related enterprises.
Hotel industry revenues, margins to reclaim pre-Covid levels in FY23: ICRA
ICRA expects pan-India premium hotel occupancy to be at 68-70% for FY23.
Budget 2022: ₹50,000 crore earmarked for hospitality in ECLGS extension
Industry stakeholders have welcomed the move, which is touted to provide immediate relief to the struggling sector
Budget 2022: Hospitality seeks relief package for fillip
Hospitality in India has borne the brunt of a disarrayed economy induced by the pandemic. Extensive financial aid is pivotal to get it back on its feet.
India to bounce back faster: Accor hotels
Having launched its ultra-luxury brand in Udaipur, Accor is betting big on India’s travel and tourism market with more hotel launches across the price-spectrum.
