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BUDGET HOTEL CHAIN
To bring the world, sell India better: The $200 million fix India needs to unlock a tourism windfallIndia's tourism sector faces challenges due to a near-zero overseas marketing budget. This has kept international arrivals below pre-pandem...- Oyo parent Prism Hotels receives Sebi nod for IPOPrism Hotels, Oyo’s parent, received Sebi approval for a Rs 6,650 crore IPO. Targeting a $7–8 billion valuation, the firm will use funds fo...
- Summer travel plans take no break: Domestic demand remains strong despite rising fuel costs and airfares, fewer flightsIndians are not cancelling summer holidays despite higher costs and fewer flights. Many are choosing domestic trips or nearby international...
- Shot of hike as painkiller: India’s economic storm calls for decisive MPC actionIndia's economy faces a perfect storm. The rupee is at historic lows, subsidies are soaring, and fiscal deficit risks are rising. Capital o...
- Iran war creates new must-have for summer holidays: The plan BTravellers are changing holiday plans. Shorter trips in Europe are becoming popular. Rising airfares and conflict are causing concern. Many...
- Not many big fat Indian weddings this season, thanks to TrumpThanks to the crisis in West Asia, costs are rising for both international and domestic events. Travel disruptions are making overseas wedd...
- The Hosteller raises Rs 150 crore led by PROMAFT Partners in Series B fundingThe Hosteller has raised ₹150 crore in a Series B funding round led by PROMAFT Partners and V3 Ventures, with participation from ITI Growth...
- Luxury hospitality professionals command higher pay: ReportAs per the survey, annual salaries of general managers at top luxury hotels in the upper quartile are hovering around Rs 1.15 crore compare...
- Ginger hotels looking to sell six propertiesThe move is seen to align with ‘Aspiration 2022’ strategy unveiled by its parent, Indian Hotels Company (IHCL), to become less ownership dr...
- Only 5-star operators can bid for Taj Mahal Hotel in DelhiAn industry executive said the criteria also limits the chances of a lot of global management chains which are present in India from partic...
- Budget hotel chain OYO launches OYO TownhouseThe tariffs for OYO Townhouse will be upwards of Rs 3500. OYO plans to launch 250 Townhouse properties with over 10,000 rooms across 12 cit...
- Branded budget hotel chains drive growth of online hotel bookings, says reportBudget hotel queries already account for 35% of total accommodation searches and a large share of 47% of search queries are for the brands ...
- Hotels get ready to thwart budget aggregators like Oyo Rooms and WudstayBudget and midmarket hotel chains in the country are busy tweaking their growth strategies in the face of rising threat from budget accommo...
- How start-ups like Zostel, OYO Rooms are redefining the travel industryFrom building a network of cobranded hotel properties to curating budget hotels, homestays and hostels, some technology startups are redefi...
- How young companies are redefining industry for hotels and travellersFrom building a network of cobranded hotel properties across the country to curating budget hotels, homestays and hostels, a handful of tec...
- Budget hotels employ mix-use development route for expansionUnder mix-use development, the hotel chain sets up its rooms and back-end facilities in a portion of an already existing complex.
- Budget hotel chain Ginger launches its first hotel in ChandigarhGinger Hotels, from Roots Corporation - a subsidiary of The Indian Hotels Company Limited (IHCL) - has announced the launch of its first ho...
- Choice Hotels to open 20 new hotels in two yearsBudget hotel chain Choice Hotels India plans to open 20 new hotels adding about 1500 rooms across India, with an estimated budget of around...
- Istithmar, easyHotel to ink pact for budget chainDubai-based Istithmar Hotels and UK-based easyHotel are close to signing a JV agreement to launch a chain of budget hotels across the count...
- Rlys to allow global chains to bid for budget hotelsIndian Railways is now thinking global for its proposed budget hotels. After two rounds of bidding for 20 hotel sites, the railways is twea...
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