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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 travelA cut in corporate travel, both domestic and international, could likely result in one of the worst quarters for the hotel industry, as mos...
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