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HOTEL INDUSTRY REBOUND
Betting on India’s travel boom? Motilal Oswal sees TBO Tek and Ixigo as key beneficiariesThe industry has evolved significantly over the past two decades—from a fragmented, offline agent-driven market to a digitally enabled ecos...
IT nightmare on loop, Accenture's 20% fall highlights AI disruptionIndian tech stocks experienced a sharp decline Friday, mirroring a significant drop in global IT giant Accenture due to weaker-than-expecte...
India’s growth faces crude and monsoon test as FY27 GDP seen moderating to 6.5%India's economic growth is projected to slow to about 6.5 per cent in fiscal year 2027. Higher costs, global tensions and a potentially wea...
Dubai hospitality gets a nine-day breather during Eid al-Adha holidaysIn anticipation of the Eid al-Adha holidays, hotels across Dubai and Abu Dhabi are seeing a notable spike in reservations, a promising sign...
Demand for cruises appears undimmed despite hantavirus and other onboard outbreaksDespite recent hantavirus and norovirus outbreaks on cruise ships, industry experts anticipate a record number of passengers this year. Man...
UAE hotels find peace in war, go for renovations and upgradesPremium hotels in Dubai are undertaking renovations. This is happening due to a slowdown in tourist numbers. Some hotels will close for up ...
Stocks in news: Wipro, Angel One, HDB Financial, Clean Max Enviro, M&MIn today's trade, shares of Wipro, Angel One, HDB Financial, Clean Max Enviro, M&M among others will be in focus due to various news develo...
Ceasefire calm or chaos? 50 stocks that brokerages expect to rally after Iran truceA two-week US-Iran ceasefire has sparked a relief rally in Indian equities, though its sustainability is questioned as oil prices rebound. ...
Hoteliers hope for swift West Asia reboundThe hospitality sector anticipates a strong recovery in the Middle East after the US-Iran ceasefire. Industry leaders expect occupancies in...
Middle East tourism to bounce back after ceasefire, but rates may lagThe hospitality sector anticipates a strong recovery in the Middle East after the US-Iran ceasefire. Industry leaders expect occupancies to...
Hotel bookings trip as war clouds keep guests awayHotel bookings for April show a notable decline. The ongoing conflict in West Asia is impacting international travel. Many foreign guests a...
Hyatt targets five-fold India expansion in five years, CEO saysHyatt Hotels plans a significant expansion in India, aiming to quintuple its presence within five years. This ambitious growth strategy is ...
With IPL, Asia Cup lifting hotel demand, analysts recommend these 3 stocksThe hotel industry is experiencing a robust recovery with increased occupancy due to major events, a weaker rupee attracting international ...
Domestic travel, tourism sector ready to capitalise on upcycle: IHCL MD Puneet ChhatwalIndian Hotels Company Ltd Managing Director and CEO Puneet Chhatwal discusses the company's plans to capitalize on opportunities in the tra...
Vikram Aggarwal in talks to buy Chennai's Clarion Hotel for Rs 180 croreVikram Aggarwal to acquire Clarion Hotel in Chennai for ₹180 crore in June. VVA Hotels Pvt Ltd manages Fortune Select Palms, Radisson Blu. ...
Indian hospitality sector rebounded due to various components of domestic travel: HAI president Puneet ChhatwalIn his presidential address at the meeting, Chhatwal- also the MD and CEO of Indian Hotels Company (IHCL)- emphasised the need to forge clo...
Budget FY23: COVID-battered hospitality sector demands infra status for hotels"The hospitality industry was slowly getting into a recovery mode on the strength of domestic tourism - leisure and events, only to be plun...
Staging a comeback: Hotels start hiring again on leisure, biz travel revivalPost-Covid travel trends of workation, weddings, holiday season push demand. With many planning their vacation around Christmas and year-en...
If I were to pick a rebound story for 2019, it will be hotel industryThere was a sharp rise in average room rent (ARR) during 2002-2007 period.
- Hotel occupancies dip 30% in Apr-May as cos cut travel
A cut in corporate travel, both domestic and international, could likely result in one of the worst quarters for the hotel industry, as mos...