Indian hotel industry revenue expected to grow 7-9 pc in FY25: ICRAThe Indian hotel industry is expected to grow 7-9% with high occupancy in FY2025. Demand from domestic leisure travel, MICE, weddings, busi...
20 Feb, 2024, 03.24 PM IST
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...
26 Oct, 2023, 11.02 AM IST
Indian hotel industry at a sweet spot; to witness decadal-high occupancy of 70-72% in FY2024: ICRAICRA predicts that pan-India premium hotel occupancy will reach 70-72% in FY2024, with average room rates ranging from Rs. 6,000-6,200. The...
19 Jul, 2023, 02.09 PM IST
Airbag industry in India to grow to Rs 7,000 cr by FY27: IcraThe growth in the airbag industry, which is one of the fastest growing auto component segments, is expected to be fuelled by the increase i...
27 Dec, 2022, 01.40 PM IST
Auto component suppliers to log an 8-10 pc growth in revenue this fiscal: ICRAWhile the depreciation of Indian Rupee against USD is a worry for net importers, forex hedging measures adopted and alternate local sources...
14 Nov, 2022, 02.49 PM IST
Premium hotel inventory to rise 3.5-4% this fiscal: Report"The healthy demand uptick has resulted in a pick-up in new supply announcements over the last 4-5 months. Further, construction activity i...
09 Nov, 2022, 07.33 PM IST
ICRA expects hotel industry revenues, margins to return to pre-COVID levels in FY23"The improved operating leverage along with sustenance of cost-optimisation measures will support margins and accruals for hotels," it said...
12 Jul, 2022, 04.29 PM IST
'Auto ancillaries' revenue may grow 8-10% in FY23 on stable demand, easing supply-chain woes'In last fiscal year, 31 auto component companies with cumulative revenues of over Rs 1,75,000 crore had registered a 23 per cent year-on-ye...
20 Jun, 2022, 02.21 PM IST
Domestic hotel industry to return to pre-COVID level this fiscal, says reportRating agency Icra's Assistant Vice President and Sector Head Vinutaa S on Wednesday said that demand in the near term is expected to stem ...
13 Apr, 2022, 08.52 PM IST
Auto component industry likely to clock 8-10 pc growth in FY23: ReportFor 2021-22, the revenue growth of the industry is pegged at 13-15 per cent, driven by domestic OEM, replacement, export volumes and pass-t...
31 Mar, 2022, 12.58 PM IST
Maruti Suzuki hikes prices for the fourth time in FY22The auto major has already hiked the vehicle prices three times last year - by 1.4 per cent in January, 1.6 per cent in April and 1.9 per c...
16 Jan, 2022, 07.39 AM IST
Icra revises downwards revenue growth forecast for auto component industry this fiscal"The (revenue) growth forecast for FY2022 has been revised downward by 200 bps to 15-17 per cent from the earlier estimates due to the ongo...
13 Jan, 2022, 02.36 PM IST
Demand in hotel industry to be curtailed in Q4 this fiscal due to fresh COVID wave: ReportWhile the situation is evolving, the rating agency said, "Until the end of last month, there was only some cut-down in discretionary busine...
06 Jan, 2022, 02.24 PM IST
Icra slashes growth forecast for auto components industry to 17-20 pc for FY22According to Icra, the components industry is now expected to grow at 17-20 per cent in 2021-22, partly aided by "the low base of last year...
11 Oct, 2021, 02.30 PM IST
PLI scheme to benefit domestic auto, parts industries in multiple ways: ReportBesides, it will increase localisation, accelerate investments towards a local EV ecosystem and has the potential to make India an export h...
28 Sep, 2021, 04.35 PM IST
74% of hospitality sector companies face negative credit profile, 2nd wave delays recovery: ReportBeing one of the high contact sectors, hospitality has been one of the first and worst-hit sectors due to the pandemic, and the second wave...
30 Jun, 2021, 06.43 PM IST
Hoteliers, travel operators welcome separate liquidity window for contact intensive sectorsThe special window announced on Friday, encourages banks to provide fresh lending support to hotels, restaurants, travel operators, aviatio...
04 Jun, 2021, 07.34 PM IST