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HIGH OCCUPANCY RATES HOTELS
Delhi Gymkhana Club served show cause notice in eviction proceedings; asked to explain why it should not be evicted by July 7The Union Government has escalated eviction proceedings against the Delhi Gymkhana Club, issuing a show cause notice under the Public Premi...- Oyo parent files updated DRHP for Rs 6,650 crore IPO: Key things to knowOyo's parent company, Prism, has filed for a Rs 6,650 crore IPO, with plans for a potential pre-IPO placement. The bulk of the funds will b...
- Oyo parent Prism files updated IPO papers for fresh issue worth Rs 6,650 croreOYO parent Prism, formerly Oravel Stays, has filed an updated DRHP with SEBI for a Rs 6,650 crore IPO entirely through fresh issue. Proceed...
- PRISM files IPO papers for Rs 6650 crore fresh issue, reports Rs 748 crore profit in 9MFY26Oyo's parent company, PRISM, has filed its IPO papers with SEBI, planning a Rs 6,650 crore fresh issue to repay borrowings. The hospitality...
- Omaxe to invest Rs 6,200 cr to build 19 hotels in 5 statesOmaxe, a key player in real estate development, has announced a bold initiative involving a Rs 6,200 crore investment over five years to cr...
- Omaxe to invest Rs 6,200 crore to expand the hospitality verticalOmaxe is set to invest a substantial Rs 6,200 crore over the next 4-5 years, planning to launch 19 new hotels across five states. These dev...
- Omaxe to plug Rs 6,200 cr in new dedicated hospitality vertical, plans 19 hotels in 5 statesReal estate giant Omaxe is launching a dedicated hospitality arm, planning 19 hotels across India within five years. The company will inves...
- Supreme Court: Plea seeks national fire and life safety framework for high-risk public occupancy premisesA Supreme Court plea urges the Centre and states to establish a national fire and life safety framework for high-risk public places like sc...
- Healthcare demand is outstripping supply in Noida, says MOFSL; prefers Medanta, Max HealthcareNoida-Greater Noida is rapidly becoming a prime healthcare hub in North India, fueled by population growth and corporate expansion. Despite...
- International visitors to Dubai to return ahead of hotel rate recoveryDubai's tourism is bouncing back, with visitor numbers expected to recover before hotel rates. Accor, a major hospitality player, notes a l...
- Authorities issue notice to tenants in Gurugram's DLF Phases 1 to 5 to vacate by June 30Hundreds of tenants in Gurugram's DLF phases face eviction by June 30 as authorities crack down on illegal commercial use of residential pl...
- After Lucknow fire tragedy, Chhattisgarh CM Sai orders statewide safety audit of buildingsFollowing recent fire tragedies nationwide, Chhattisgarh Chief Minister Vishnu Deo Sai has mandated a thorough safety review of all multi-s...
- Sri Lanka offers better value than Rishikesh, man claims after staying in beach-facing hotel for half the priceA recent social media post highlighted a stark cost difference between domestic and international travel, with a friend opting for Sri Lank...
- REITs' leasable area to rise 30% by FY28, credit profiles to remain healthyIndia's listed office REITs are poised for significant expansion, with leasable space projected to grow by 40-45 million sq ft by 2027-28. ...
- Trapped: From Lucknow to Delhi and Jaipur, the deadly pattern behind India's summer blazesA wave of deadly fires across India in recent months has exposed critical safety lapses and lax enforcement of regulations. From coaching c...
- West Asia conflict may pressure hospitality occupancy, warns ICRA; FY27 estimate at 72-74%Hospitality sector occupancy is projected at 66-68% for early FY27, rising to 72-74% for the full year, according to ICRA. However, prolong...
- Mountain bookings up 76 per cent in June as urban Indians flock to hills: ReportIndian mountain getaways are booming, with Zostel reporting a 76% surge in Shimla bookings and nearly 95% growth in other popular spots lik...
- Kashmir tourism boom: Vande Bharat, road trips fuel surge in short staysHoteliers, tour operators and officials said the newly launched Vande Bharat Express has helped boost tourism in the valley, known for its ...
- Delhi HC agrees to examine Sir Sobha Singh & Sons' appeal in ambassador hotel matter; records centre's assurance on eviction proceedingsThe Delhi High Court will hear an appeal from Sir Sobha Singh & Sons Private Limited. The case involves a long-running property dispute wit...
- Hotel chains unfazed despite geopolitical shocks, high fuel costsHotel chains in India are reporting double-digit revenue growth in the April–June quarter despite geopolitical tensions, higher fuel costs ...
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