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REVPAR DECLINE
The City of Gold starts coming back to life after its darkest hourDubai's economic landscape is tested after regional conflict. Aviation, hotels, and real estate see impacts. Luxury retail also faces press...- IHCL shares in focus after Q4 results; firm highlights Iran-US war impact. Here’s what Morgan Stanley, other brokerages sayThe Indian Hotels Company Limited (IHCL) reported a 15% year-on-year rise in net profit to Rs 600 crore for Q4 FY26, despite a 36% sequenti...
- Radisson aims 160 hotels, 19,500 keys in India by end-2026: Co executiveRadisson Hotel Group is set to significantly expand its presence in India. The company anticipates operating 157 to 160 hotels with nearly ...
- Dubai hotel rates remain stable amid shocksAverage hotel rates for new bookings in Dubai remained largely stable through April, according to data from RateGain and industry executive...
- India's hospitality sector expected to attract USD 1 bn investments by 2028: ReportIndia's hospitality sector is booming. It shows strong growth in early 2025. Investments are expected to reach USD 1 billion by 2028. Reven...
- Nationwide occupancy of 67.5% highest in a decade in 2023-24: Hotelivate ReportIndia's branded hotel sector achieved a 67.5% nationwide occupancy rate in 2023-2024, the highest in a decade, with an average daily rate o...
- Hilton Q1 Results: Revenue rose 12% to $2.57 billion; co lifts profit forcastHilton Worldwide Holdings beat Wall Street estimates for first-quarter revenue and raised its 2024 profit forecast on Wednesday, banking on...
- Indian hospitality industry's RevPAR falls 39 pc in Q12021: JLLThe recovery of the sector has been primarily driven by the leisure segment performing notably well.
- Delhi witnessed a 74.4% YOY decline in RevPAR during Q42020, Mumbai RevPAR declined by 58.4% : JLLWhile the RevPAR decline was steep, Jaideep Dang, managing director, Hotels and Hospitality Group, South Asia at JLL said post the unlockin...
- Domestic travel will continue to aid recovery for hotels in 2021: JLLAccording to the report, the total number of signings in Q4 2020 stood at 45 hotels comprising of 4,326 keys, recording a decline of 43.6%,...
- India’s hospitality industry witnessed decline of 52.8% in RevPAR during the first three quarters of 2020: JLLAll key 11 markets in India reported a decrease in RevPAR Performance in Q3 2020 over the same period last year. Mumbai continues to be the...
- Hotel industry's revenue per room falls 53% in Jan-Sep: JLL India"India's hospitality industry has witnessed a decline of 52.8 per cent in Revenue Per Available Room (RevPAR) during January to September 2...
- India's hotel revenue per available room declined 43.5% in H1 2020: JLLOverall, in terms of inventory volume, brand signings declined by 83% in Q2 2020 over Q2 2019, however international operators signed a gre...
- COVID-19 hits hotel industry; revenue per room drops 13-29% in Jan-Mar in top cities: ReportThe outbreak of COVID-19 has adversely impacted the occupancy levels at hotels across 11 major cities, resulting in a decline of up to 29 p...
- Indian hospitality posts growth in room revenues but margins contractWhile pan-India revenue per available rooms (RevPAR) were up by 4-5%, occupancies moved up by 2% to 62-63% from 61% and average room rates ...
- Hotels’ revenue growth to decline from 10% to 7% in FY2018: ICRAAs against expectations of a 7% supply growth in FY2017, supply growth in the premium hotel segment was weaker on account of some delays/de...
- Fiscal 2012-13 starts weakly for Indian hotel industry: ICRAFiscal 2012-13 has started on a weak note for the Indian hotel industry with revenue per available room (RevPARs) shrinking 5-8% during the...
- Premium Hotels: Excess supply, low occupancy to hit companies revenueProfit margins of premium hotels are expected to be under pressure in the next two fiscals considering the number of rooms coming up.
- Premium hotels' profitability to hit decadal lows: CRISIL ResearchProfitability of premium hotels in the five star and five star deluxe segment is expected to plunge in 2012-13 and 2013-14, says CRISIL Res...
- InterContinental says profits tumble 28 per centInterContinental Hotels Group said on Tuesday that its net profit dropped 28 per cent to 91 million dollars (71 million euros) in the third...
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