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HOTEL CONTRACTS
Hotel contracts getting more ‘even’ as owners negotiate harder on performance benchmarksHotel contracts in India are evolving as chains expand their local portfolios significantly. Owners now negotiate more explicitly on perfor...- 7.8% slam dunk! 'Dead' economy proved to be quite alive and kickingIndia’s GDP grew 7.8% in Q1 FY27, beating RBI’s 7% forecast and the 7.1% Reuters poll median despite an oil shock, geopolitical tensions an...
- Despite a strong Q1 showing, risks are on the upside, thanks to geopolitics and geo-economicsIndia's GDP grew 7.8% in Q1, surpassing expectations and indicating economic resilience. This growth occurred despite a challenging global ...
- FDA buckles under HC heat, revives Mumbai Cricket Association's suspended eateries after fresh inspectionThe Bombay High Court warned food officials, leading to a license suspension withdrawal. Restaurants on Mumbai Cricket Association premises...
- Tourist destinations, not government assetsIndia's tourism sector is shifting focus towards destination-wide partnerships. Private sector involvement is crucial for designing and man...
- Oyo parent PRISM closes FY26 with 50% revenue growth, reports PAT of Rs 994 crPRISM operates a single technology-enabled platform across more than 35 countries, with technology and product engineering, pricing and rev...
- Founded in 1859, this California mining town once had 2,000 buildings and 8,000 people. This ‘ghost town’ still preserves abandoned beds, toys, books and vintage suppliesBodie, a historical ghost town in California, draws interest with its well-preserved mining heritage. The discovery of gold and silver in 1...
- 'India is a country ripe for innovation across many facets of our business': Marriott International CEOMarriott sees India as a key growth market, planning significant expansion and new hotel openings. The company is adapting its brands and p...
- Can Symbiotec Pharmalab IPO deliver long-term growth for high-risk investors?Symbiotec Pharmalab plans a ₹150 crore IPO to repay debt and expand operations. The company holds a global leadership position in corticost...
- Pride Hotels steps up expansion, plans Rs 1,000-cr IPO by DecemberThe expansion has taken Pride Hotels' portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has a...
- Round-tripping: How a company hands itself money and calls it your investment – fooling investors and regulators alikeShare capital looks like one of the simplest numbers on a balance sheet. A company issues a certain number of shares, investors pay for the...
- ITC Hotels evaluates Dubai, other overseas markets for luxury hotel expansionITC Hotels is evaluating multiple management contract opportunities in Dubai and other “proximal” international markets as it looks to expa...
- Quote of the Day by Bradley Cooper: “The hardest part of becoming the person you want to be is...” — a powerful life lesson on perseverance, resilience, optimism, determination and why hope matters most when effort alone cannot guarantee the outcome, from the Oscar-nominated actor and filmmakerQuote of the Day by Bradley Cooper: Bradley Cooper’s quote, “The hardest part of becoming the person you want to be is accepting that you m...
- In 1958, the U.S. government hid a 112,544-square-foot congressional bunker beneath a luxury hotel in West Virginia. 35 years later, its secret was revealed, exposing a fully operational underground government built for nuclear warA secret underground bunker was built beneath The Greenbrier resort in West Virginia. This facility was designed to shelter Congress during...
- Which Tata stocks look attractive now? Jefferies picks 4; flags TCS and 2 othersJefferies believes Tata group stocks should remain driven by business fundamentals despite N Chandrasekaran’s planned exit as Tata Sons cha...
- US Fed expected to leave rates unchanged next month after soft inflation dataInflation has eased for the second consecutive month, reducing the urgency for the Federal Reserve to increase interest rates imminently. N...
- IHCL's Ginger targets Rs 3,000 crore enterprise revenue by 2030Ginger is set to exceed ₹1,000 crore in enterprise revenue in FY27 from ₹814 crore the year ago. As of July 31, Ginger had a portfolio of 2...
- Swiggy agrees to refund unauthorised campaign fees; Bengaluru hotels to wait till September 1The discussions, led by Swiggy CEO (food marketplace, dineout & crew) Rohit Kapoor, chief business officer (food marketplace) Sidharth Bhak...
- Zomato assures Bengaluru restaurateurs of action on grievances; Swiggy talks due FridayAmong the key assurances, Zomato agreed that restaurants and darshinis would have the choice to opt into promotional and discount campaigns...
- India's hospitality companies' revenue to grow 7-9% in FY27, West Asia conflict poses downside risks: ICRAIndia's hospitality sector anticipates seven to nine percent revenue growth this fiscal year. Premium hotel occupancy is expected to remain...
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