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  • Buzz-worthy new restaurants and lounges in 7 Indian cities Sep 10, 2021 01:07 PM IST

    Buzz-worthy new restaurants and lounges in 7 Indian cities

    As the country reopens, its restaurant, lounge and dining-out segments are positively buzzing. A nationwide Blackbook for your out-of-home sojourns.

  • Indian Hotels scrapped asset sale last year due to poor valuations Jul 21, 2021 09:36 AM IST

    Indian Hotels scrapped asset sale last year due to poor valuations

    The onset of the pandemic disrupted the hotel company’s plans to sell some properties and rent them back, and now that asset values have recovered, there will be a restart in terms of monetisation

  • Govt must provide infrastructure status to hotel sector: Oberoi Hotels' chairman PRS Oberoi Jul 19, 2021 12:55 PM IST

    Govt must provide infrastructure status to hotel sector: Oberoi Hotels' chairman PRS Oberoi

    The hotel industry has taken a hit of over Rs 1.3 lakh crore in revenue for the fiscal year 2020-21 due to the COVID-19 pandemic, according to the Federation of Hotel & Restaurant Associations of India

  • Taj Hotels to expand property portfolio by 36% in 3-5 years with asset-light growth Jul 16, 2021 11:29 AM IST

    Taj Hotels to expand property portfolio by 36% in 3-5 years with asset-light growth

    Taj hotels aims to have 300 properties, with most of the new ones under the asset-light model in which it does not invest in land or construction but enters into a management contract

  • Hotels in tourist hubs sold out on weekends as 'revenge travel' takes epidemic proportions Jul 14, 2021 03:37 PM IST

    Hotels in tourist hubs sold out on weekends as 'revenge travel' takes epidemic proportions

    People are visiting tourist spots in droves but this has not translated into big bucks for the travel trade as people are opting for short trips instead of long vacations and avoiding high-margin leisure activities like camping, rafting and conducted tours

  • "It is extortion. Pure extortion." Tito's Goa's owner on why he exited the business Jul 01, 2021 02:16 PM IST

    "It is extortion. Pure extortion." Tito's Goa's owner on why he exited the business

    Tito’s Goa owners have sold 65% stake in Tito’s Resorts & Hospitality Pvt. Ltd. According to Ricardo D Souza, partner, Tito’s Resorts & Hospitality Pvt. Ltd, an IPO and expansion may be in the offing.

  • Karnataka government announces 50% property tax waiver for hospitality sector Jun 25, 2021 08:38 PM IST

    Karnataka government announces 50% property tax waiver for hospitality sector

    Industry welcomes the rehabilitation package; The state incurred losses to the tune of Rs 75,000 crore in revenues during the last 15 months on account of COVID-19

  • How surveys and data guided Covid-time strategy by Yoshiharu Hoshino, CEO of 107-year-old Hoshino Resorts chain Jun 08, 2021 10:13 AM IST

    How surveys and data guided Covid-time strategy by Yoshiharu Hoshino, CEO of 107-year-old Hoshino Resorts chain

    Hospitality CEO Yoshiharu Hoshino believes startups don’t always fail because they are doing something wrong, but because founders or investors are in a hurry to get returns.

  • Stimulus, quick relief for hospitality, MSME, realty and construction likely May 27, 2021 07:06 PM IST

    Stimulus, quick relief for hospitality, MSME, realty and construction likely

    The government is considering steps to revive the worst-hit sectors of the economy with direct, immediate measures, unlike last year’s strategy that had many long-term policy announcements and reforms, sources say.

  • COVID-19 second wave will sour fortunes of a recovering hotel sector Apr 12, 2021 08:29 AM IST

    COVID-19 second wave will sour fortunes of a recovering hotel sector

     With revenue expansion hitting a road bump in the near term and profitability at risk, the debt metrics are a cause for concern

  • Treebo shrugs off Covid blues, eyes full recovery by the end of 2021   Mar 11, 2021 12:07 PM IST

    Treebo shrugs off Covid blues, eyes full recovery by the end of 2021  

    Hospitality startup gets a boost as competition watchdog directs MakeMyTrip, the country’s largest online travel agency, to relist Treebo properties. MakeMyTrip had de-listed Treebo and FabHotels properties in 2018 following an agreement with Softbank-backed Oyo 

  • Explained | Oyo-Zo dispute: On what grounds did SC arbitrator announce the award that favours Zo Rooms & what lies ahead? Mar 08, 2021 09:25 PM IST

    Explained | Oyo-Zo dispute: On what grounds did SC arbitrator announce the award that favours Zo Rooms & what lies ahead?

    As per the term sheet, Zo Rooms is entitled to seven percent of fully diluted shareholding of Oyo, including preferred and equity shares.

  • Oyo-Zo dispute: Oyo breached its agreement to Zo Rooms, says SC arbitrator; definitive agreement can be executed Mar 07, 2021 09:22 PM IST

    Oyo-Zo dispute: Oyo breached its agreement to Zo Rooms, says SC arbitrator; definitive agreement can be executed

    The issues between the two companies date back to 2015 when Zo Rooms, the budget hotel accommodation chain owned by Zostel Hospitality, was shut down after merger talks between the two companies failed.

  • COVID-19 impact | Hospitality, tourism witness 41% decline in hiring in 2020: Report Jan 25, 2021 08:01 PM IST

    COVID-19 impact | Hospitality, tourism witness 41% decline in hiring in 2020: Report

    Job seekers' appetite for tourism jobs also plummeted as job searches on Indeed were down 31 per cent in 2020 compared to the previous year.

  • Hotel projects of over Rs 50 crore should get infra status, says JB Singh, President and CEO, InterGlobe Hotels Jan 22, 2021 03:18 PM IST

    Hotel projects of over Rs 50 crore should get infra status, says JB Singh, President and CEO, InterGlobe Hotels

    The overall revenue is still only at 30-35 percent of what it was the same time last year. A lot, therefore, needs to be done, says the chief of InterGlobe Hotels.

  • Domestic hospitality industry to contract by 65% in FY21: Report Jan 12, 2021 06:15 PM IST

    Domestic hospitality industry to contract by 65% in FY21: Report

    ICRA research observed that pan-India occupancy hit an all-time low of 18-20 percent in eight months of the financial year 2021, down from 64-65 percent in the previous year.

  • India emerges at the top with most bookings as consumer travel confidence bounces back: OYO Dec 30, 2020 07:09 PM IST

    India emerges at the top with most bookings as consumer travel confidence bounces back: OYO

    With the unlocking of cities, December has emerged as the month which is witnessing the most demand around the holiday season.

  • For hospitality and tourism sector, 2021 is all about survival, recovery Dec 21, 2020 04:40 PM IST

    For hospitality and tourism sector, 2021 is all about survival, recovery

    With business coming almost to a standstill, the travel and tourism industry players want the government to provide targeted support to the sector till vaccine-based confidence comes, to help them meet their operating costs and retain jobs.

  • Airbnb: the journey from $1 billion to $100 billion in nine years Dec 11, 2020 09:43 AM IST

    Airbnb: the journey from $1 billion to $100 billion in nine years

    Airbnb prices defy all rationality. Wait for a leaner season

  • Hospitality industry urges government to provide soft loans Nov 02, 2020 09:06 PM IST

    Hospitality industry urges government to provide soft loans

    Financial support from the government will help businesses cover for the required working capital which in turn will help them sustain, says the Federation of Hotel and Restaurant Associations of India

  • COVID-19 impact: Restaurant association requests finance minister to review Kamath Committee recommendations Oct 22, 2020 08:36 PM IST

    COVID-19 impact: Restaurant association requests finance minister to review Kamath Committee recommendations

    FHRAI is the apex body of the Indian hospitality industry, representing 55,000 hotels and 5,00,000 restaurants across the country.

  • Mandarin Oriental Hotel Group and Oberoi Group announce strategic alliance Sep 30, 2020 12:51 PM IST

    Mandarin Oriental Hotel Group and Oberoi Group announce strategic alliance

    The collaboration will include joint efforts across on innovation, sustainability, and colleague learning and development

  • Job searches for roles in hospitality, tourism on rise since May: Report Sep 26, 2020 08:19 PM IST

    Job searches for roles in hospitality, tourism on rise since May: Report

    Searches by job seekers saw a 30 percent increase between May and August 2020, according to a report by global job site Indeed.

  • Exclusive: Government holds discussion on tax breaks for hospitality sector to revive demand Sep 11, 2020 03:39 PM IST

    Exclusive: Government holds discussion on tax breaks for hospitality sector to revive demand

    Tax breaks may be in the offing for the sector which could do with a boost after a punishing spell during the lockdown

  • India GDP Q1 data: Hotel sector shrinks 47%; it will be a long road to recovery Aug 31, 2020 06:48 PM IST

    India GDP Q1 data: Hotel sector shrinks 47%; it will be a long road to recovery

    Economic activity in sectors such as hotels and restaurants has been hit hard by the lockdown as hotels remained shut for months and vacationers were forced to stay home.

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