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Hospitality sector prepares to open its doors wider for people who throng religious hotspotsMany mid-size and upscale hotel companies are firming up investments and capacity expansion plans to the tune of Rs 3,500 crore in key holy...- Strong demand in H2 FY24 to contribute to double-digit revenue growth for hotel industry: ICRAICRA, an investment information and credit ratings agency, predicts that the hospitality industry in India will experience double-digit rev...
- Hotel brands book into small towns with big potentialBe it Khajjiar in Himachal Pradesh, Kevadia and Vithalapur in Gujarat, or Hoshiarpur in Punjab - many lesser-known locations in India are b...
- Why midscale hotel chains are snapping up standalone propertiesTravellers often prefer midscale hotels as they offer a balance between affordability and quality, says Chander Baljee, CMD, Royal Orchid H...
- Fortune Park Hotels to add 15 new properties in next 2.5 years: MD Samir MCGiven the fact Fortune Park Hotels is a "hardcore Indian company", Samir said it understands the Indian consumers, their expectations and t...
- Fortune Park growing upwards of 20% over 2019-20 numbers, has a pipeline of 17 hotels in 14 new locations: MD Samir MC“After the third wave, the recovery started off mainly in the tier two tier three markets, and as we got fully into this financial year, we...
- Helios strategy: Not just going contra, being early helps make money in market“It is not so much that you were going against consensus or being a contrarian, but that you were early and buying it in a smaller way, fir...
- Staging a comeback: Hotels start hiring again on leisure, biz travel revivalPost-Covid travel trends of workation, weddings, holiday season push demand. With many planning their vacation around Christmas and year-en...
- Fortune Park Hotels plans to open more leisure properties, reaches 50 hotels mark with new Goa signingThe chain, which caters to the mid market to upscale market segment in business and leisure destinations has reached the 50 hotels mark wit...
- Turning the Table: How restaurant business is reinventing itself after corona shockThe restaurant industry, devastated by layoffs and shutdowns, is looking for a reset. New business models are emerging, with a thrust on co...
- Quick service restaurants staging a quicker recovery among organised eatery businessesThanks to spikes in home deliveries and in takeaways, India’s QSR segment that accounts to about 5% of the overall Rs 4.23 lakh crore food ...
- Rajat Gupta, Mathew Martoma, Roomy Khan: Indian Wall Streeters and managers who fell from graceAfter his stint in a US federal prison for insider trading, Gupta is telling his story to set the record straight.
- Restaurants ready to party as more Indians step out to eatAfter battling policy issues & inflation, eateries, with better efficiencies, are seeing a revival.
- High fast food sales show GST, note ban woes fadingWestlife Development’s vice-chairman Amit Jatia said growth in the QSR industry reflected the current bullish consumer sentiment. “Spending...
- Restaurant, eateries, canteens to require licences from Food Safety and Standards Authority of India to operateThe move from FSSAI seems to have stirred a hornest's nest in the Rs 50K cr industry with operators saying the procedure needs to be more u...
- Nirula's CEO bets on new market to turn around businessStarted in 1934 by brothers LC Nirula and M Nirula as Hotel India at Delhi’s Connaught Place, Nirula’s ventured into fast-food business in ...
- Malaysia-based PE firm Navis Capital to sell Nirula's stake to A2Z ExcursionsMalaysia-based PE firm Navis Capital Partners is selling all assets in Nirula's to A2Z Excursions run by entrepreneur Pradeep Chadha.
- Restaurants hit upon unique ways to tame runaway pricesFrom Sanjeev Kapoor to Saravana Bhavan, all hit upon unique ways to tame runaway prices. Top 5 restaurants in Bangkok, Thailand
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- Goldman Sachs to invest $100m in Indivision CapIndivision Capital, a consumer-centric fund promoted by retail major Pantaloon, has closed its first fund at $425m.
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