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HOTEL OCCUPANCY DIP
Gen Z props up Delhi's hostel business as hotels miss corporate travellers amid internet shutdowns, traffic curbsThe ongoing student protests in Delhi are disrupting travel and hospitality, with backpacker hostels reporting a surge in Gen Z bookings wh...- ITC Hotels Q1 Results: Net profit jumps 35% to Rs 180 crore; acquires GHK Hospitality for Rs 155 croreITC Hotels reported a thirty-six percent rise in net profit for the first quarter. Consolidated revenue from operations also increased comp...
- 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 ...
- Corporate travel sees a drop amid extreme weather, election heatThe industry expects corporate travel to pick up soon, with the arrival of monsoon rains, schools opening, and work life getting back to no...
- Hospitality sector expects occupancies to see a big jumpPreliminary data shared by industry tracker STR with ET suggests that September was a marginally better month than August with occupancies ...
- Taj, Le Meridien offering up to 35% discount on special packages during monsoonsTo perk up occupancy, top hotel chains are offering up to 35% discount on room rates and special packages on reservations for the July-Sept...
- Luxury hotels bank on people next door to push businessThe offers across hotels start at Rs2,499 per night and a 15% discount on food and beverages in properties across in India.
- Profit margins of premium hotels may dip in FY13, FY14: Ernst & YoungProfitability of premium hotels might dip marginally this fiscal and the next if the global economy doesn't improve, a survey said.
- Premium hotels' profitability to hit decadal lows: CRISIL ResearchProfitability of premium hotels in the five star and five star deluxe segment is expected to plunge in 2012-13 and 2013-14, says CRISIL Res...
- Profitability of hotel industry upHotel cos believe occupancies will continue to grow, though additional supply of rooms will put pressure on average room rates in the short...
- X'mas, New Year bashes low-key in Mumbai hotels; bookings dipHotels in the metropolis are seeing a slump in bookings for this holiday season compared to Christmas and New Year last year due to negativ...
- Trident expects room occupancy rates to fall by 30 per centTrident hotel expects its occupancy rates to fall by about 30 per cent after its reopening following the 26/11 terror strikes.
- Cut in room rates may boost domestic tourismThe 30% cut in room rates following the Mumbai attacks may boost domestic tourism.
- Hotels to slash room rates as leisure takes backseatIn the last four years hotels have made profits as room rates have increased by 400% though costs have remained the same.
- Business travellers check into budget hotelsIn yet another pointer towards bearish sentiments in the economy, corporate travellers are downgrading their hotel stays. Hot and cool hote...
- Now, hospitality feeling the heat of rising crude pricesThere are clear signs of an occupancy dip for all star hotels which in turn will result in falling tariffs in the months ahead. Where to in...
- Now, hospitality feeling the heat of rising crude pricesThere are clear signs of an occupancy dip for all star hotels which in turn will result in falling tariffs in the months ahead. Where to in...
- Inflation plays spoilsport: Hotels' occupancy to dipHotels are expecting a 8-10% dip in the projected occupancies for the quarter July-September on the back of high inflation. Hot and cool ho...
- Occupancy takes a hit as 5-star rates go highExorbitant room tariffs are taking a toll on occupancy rates in five-star hotels. With room rates ruling at around Rs 13,000-17,000 per nig...
- Delhi's star hotels see more empty roomsIt’s not all hunky-dory for the hotel segment. Blame it on high room rates, the occupancies of branded hotels (three to five star) in metro...
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