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PREMIUM HOTEL OCCUPANCY
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...
- Celebrities are buying land in temple cities; but should you follow suit and buy property?Celebrities are investing in temple cities like Ayodhya, drawn by cultural significance and potential for long-term asset growth. These spi...
- Room for less: Could short-stay hotels be the next big thing in hospitality?Hourly Hotels: This works on a pay-for-use model where guests pay only for the duration they need a room — typically 3-9 hours. The busines...
- Beyond the room: Why India Inc's luxury hospitality bet is becoming an experience businessIndia's luxury hotels are evolving beyond just rooms. Companies are now creating immersive experiences that blend wellness, food, and cultu...
- Summer travel plans take no break: Domestic demand remains strong despite rising fuel costs and airfares, fewer flightsIndians are not cancelling summer holidays despite higher costs and fewer flights. Many are choosing domestic trips or nearby international...
- The City of Gold starts coming back to life after its darkest hourDubai's economic landscape is tested after regional conflict. Aviation, hotels, and real estate see impacts. Luxury retail also faces press...
- ITC Hotels Q4 PAT at Rs 317 crore, chain posts revenue of Rs 1,254 croreITC Hotels posted strong FY26 growth with higher revenue, profit and record hotel signings. The company acquired a luxury resort in Kumarak...
- Hotel giants race to own India’s hottest 'vibe' economyIndia's hospitality sector is witnessing a major shift as global hotel giants like Marriott, Accor, and Hyatt prioritize vibrant lobbies an...
- Heatwave drives early rush to hill stations, bookings surgeIndia's heatwave is causing a surge in demand for hill stations like Dehradun and Munnar. Travel firms report increased bookings for cooler...
- Blackstone-backed Bagmane Prime Office REIT sets IPO price band at Rs 95-100/unitBlackstone-backed Bagmane Prime Office REIT on Wednesday fixed a price band of Rs 95-100 per unit for its Rs 3,405-crore initial public off...
- Blackstone-backed Bagmane Prime Office REIT files Rs 3,405-cr IPOBagmane Prime Office REIT, backed by Blackstone, is launching an Initial Public Offering to raise Rs 3,405 crore. This marks India's sixth ...
- Blackstone-backed Bagmane Prime Office REIT to launch Rs 3,405-cr IPO on May 5Blackstone-backed Bagmane Prime Office REIT is poised to hit the capital markets with its Rs 3,405 crore initial public offering (IPO), sch...
- 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 ...
- 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...
- Premium hotels to set decadal high occupancy rates, ARRs this fiscalThe premium hotels sector is expected to see strong growth in the current and next fiscal year due to the continued recovery of the economy...
- 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...
- Occupancies in premium hotels fall 2% in SeptemberAverage room rates shoot up 21% during the month. Hotels are justifying their average annual tariff hikes due to rising input costs, inflat...
- Premium hotels fare better in non-metrosPremium segment hotels are recording better growth rates in non-metro markets compared to the metros.
- Premium hotel rooms to cost 20% more soonPremium segment hotels are raking in the moolah this year following an upbeat occupancy level and fewer expansions in the industry.
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