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STAYCATION GROWTH
Travel platforms and hotels see uptick in bookings for DiwaliAn impressive uptick in Diwali travel bookings has been recorded this year, surpassing last year's figures. Online travel sites report a bo...- India’s city hotels find a new growth engine in weekend getawaysWeekend demand at city hotels in India is improving, driven by rising staycations and increased domestic travel. Occupancy levels have sign...
- Dubai, Abu Dhabi residents return to a new normal: ‘Neither war, nor peace’Six months into the Iran war, the UAE’s post-pandemic boom is facing its biggest test. Tourism, aviation, property and trade have taken a h...
- Staycations and Coolcations are the new ways to holidayAs climate change transforms travel habits, traditional summer getaways are shifting significantly. Countries like Norway and Scotland are ...
- 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...
- Dubai hotel rates remain stable amid shocksAverage hotel rates for new bookings in Dubai remained largely stable through April, according to data from RateGain and industry executive...
- So long, vacation! Time for summer of staycations: Indians dive into shorter, curated experiences closer to homeAmidst geopolitical uncertainties and rising temperatures, Indian travelers are increasingly favoring staycations. Families are opting for ...
- Businesses expect resounding sales as Diwali shoppers balance budget and big expectationsBusinesses see Diwali as a crucial time, with brands reporting significant sales spikes. Leading snack brand Bikano set a lofty sales targe...
- Domestic travel operators to see 15-17 pc revenue growth this fiscal: Crisil RatingsIndia's tour and travel operators expected a 15-17 per cent revenue increase this fiscal, driven by domestic and international travel. Impr...
- Travel platforms see bookings hot up for chilly destinationsTravel companies are experiencing a surge in bookings as extreme heatwave conditions drive people to cooler destinations like Kullu, Manali...
- All-round show lifts Indian Hotels, enthuses analystsThis optimism on the stock is largely linked to the changing business dynamics in the sector. For the coming quarters, the earnings prospec...
- Being light on assets gives hotel chains a lift at the bottom lineIn an asset-light model, instead of owning properties, hotel companies adopt the franchise route thereby reducing capital investment. Betwe...
- Hotel companies show improved profitability amid rising trend of asset light approachIn an asset light model, instead of owning properties, hotel companies adopt franchise route thereby reducing capital investment. Between F...
- Travel industry witnesses 28% growth in job postings during June-AugustThe number of job postings has increased by 28 per cent in the June-August period, with an 8 per cent month-on-month growth, the report sai...
- St sees higher earnings growth for hotels than airlines in FY23An increasing tendency among travellers to follow staycation (one-day trips at destinations closer to home), revenge travel, festival seaso...
- Tourism sector heading for a comeback riding on large-scale vaccinations, new norms: Industry body"The travel sector, especially domestic travel, appears to be heading for a comeback. Indian travellers are looking for quick getaways thro...
- Hotel occupancy falls 31% in JanuaryIndustry insiders said after the year-end frenzy in December,the performance of the Indian hotels sector was relatively subdued and grew ma...
- Delhi witnessed a 74.4% YOY decline in RevPAR during Q42020, Mumbai RevPAR declined by 58.4% : JLLWhile the RevPAR decline was steep, Jaideep Dang, managing director, Hotels and Hospitality Group, South Asia at JLL said post the unlockin...
- Vista Rooms lands Rs 10 crore funding led by DSG Consumer PartnersVista Rooms cofounder Ankita Sheth said they plan to use the funds raised across four key areas - launching new locations, improving techno...
- Recovery for Indian hotels slow, occupancy rate at around 24% in first week of SeptemberDemand for quarantine rooms which had been aiding hotel occupancy growth across major markets in India is now slowing down.
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