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HOTEL EXPANSION 2024
Great Nicobar project: Ramesh flags non-transparency in latest letter to Environment MinisterCongress leader Jairam Ramesh has raised concerns about the Great Nicobar Island project. He has written to the Environment Minister, highl...- US authorities moving to end fraud cases against Gautam AdaniUS authorities are nearing a resolution for fraud charges against Indian billionaire Gautam Adani. The Justice Department may drop its case...
- Lodha Developers aims 2.5-fold jump in annual net profit to Rs 8,500 cr by FY31: MD Abhishek LodhaLodha Developers plans a significant profit increase by fiscal 2031. The company targets over Rs 8,500 crore in net profit. This growth is ...
- South Asian lifestyle collective Otherland Hotels announces its debut in Sri LankaExcitement is on the horizon as Otherland Hotels prepares to introduce Otherland Galle in June 2026. Set against the stunning backdrop of G...
- Trump was likely target of shooting at White House Correspondents' dinner, says US officialA man fired a shotgun at a Secret Service agent at a Washington hotel. President Donald Trump and his wife were rushed out of the White Hou...
- Indian restaurants' 'slowdown' is ringing up a ₹79,000 cr bill as Iran war chokes LPG supplyThe Indian dining scene is looking at a staggering monthly loss of ₹79,000 crore as a result of a commercial LPG shortage. This hiccup is f...
- India’s hotel expansion gains pace, draws institutional capital into real estate foldIndia's hotel sector is set for robust growth, with operators planning over 70,000 new rooms by 2030. Driven by strong domestic travel and ...
- Chain Reaction: More hotels coming to a town near youIndian and global hotel chains are aggressively expanding, aiming for milestone hotel numbers by 2030, fueled by India's strong GDP growth ...
- 38 branded hotels having over 3,300 rooms open in Oct-Dec 2024: JLLIn Q4 2024, India's hospitality sector showed strong growth, with 38 branded hotels opening, offering 3,293 rooms. Signings for 99 branded ...
- OYO to expand 'SUNDAY Hotels' to 100 properties by FY26OYO-parent Oravel Stays aims to rapidly expand SUNDAY Hotels, targeting 100 global properties by the end of next fiscal year. The premium b...
- Branded hotels see room for growth at religious spotsHotel chains are significantly expanding in religious destinations to meet the increasing demand for quality accommodations. Companies like...
- Radisson Hotel Group says it added 300 new properties in 2024Radisson Hotel Group expanded significantly in 2024, adding over 300 properties globally despite geopolitical challenges. The group saw gro...
- Sarovar Hotels to breach the Rs 2,000 crore revenue mark next year: CEO Jatin KhannaSarovar Hotels experienced record growth in 2024, opening 26 hotels and signing 42 more. They aim to surpass Rs 2000 crore in revenue next ...
- Hyatt announces plans for India and Southwest Asia for 2024The hospitality chain said this growth is timed to coincide with the expected rebound of leisure and business travel in the country and the...
- Radisson Hotel Group strengthens footprint in Ayodhya with signing of 150-room Radisson Blu HotelThis is Radisson Hotel Group’s second hotel in Ayodhya. Previously, it announced the opening of Park Inn by Radisson Ayodhya in January 202...
- Radisson Hotel Group announces second hotel in Ayodhya with EaseMyTrip, Jeewani HospitalityRadisson Hotel Group announces the opening of its second hotel in Ayodhya, developed by Jeewani Hospitality. The hotel is expected to open ...
- 2024 could match or surpass last year's record hotel room supply additionsKiran Andicot, regional vice president, South Asia for hotel development at Marriott International said the chain opened 12 hotels, totalli...
- 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...
- Espire Hospitality plans to have 20 hotels by FY25 with Rs 560 crore capexEspire Hospitality Group plans to expand its portfolio to 20 properties by 2024-25, with an investment of Rs 560 crore. The group currently...
- 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...
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