Sep 10, 2021 01:07 PM IST
As the country reopens, its restaurant, lounge and dining-out segments are positively buzzing. A nationwide Blackbook for your out-of-home sojourns.
- Jul 21, 2021 09:36 AM IST
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
- Jul 19, 2021 12:55 PM IST
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
- Jul 16, 2021 11:29 AM IST
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
- Jul 14, 2021 03:37 PM IST
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
- Jul 01, 2021 02:16 PM IST
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.
- Jun 25, 2021 08:38 PM IST
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
- Jun 08, 2021 10:13 AM IST
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.
- May 27, 2021 07:06 PM IST
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.
- Apr 12, 2021 08:29 AM IST
With revenue expansion hitting a road bump in the near term and profitability at risk, the debt metrics are a cause for concern
- Mar 11, 2021 12:07 PM IST
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
- Mar 08, 2021 09:25 PM IST
As per the term sheet, Zo Rooms is entitled to seven percent of fully diluted shareholding of Oyo, including preferred and equity shares.
- Mar 07, 2021 09:22 PM IST
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.
- Jan 25, 2021 08:01 PM IST
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.
- Jan 22, 2021 03:18 PM IST
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.
- Jan 12, 2021 06:15 PM IST
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.
- Dec 30, 2020 07:09 PM IST
With the unlocking of cities, December has emerged as the month which is witnessing the most demand around the holiday season.
- Dec 21, 2020 04:40 PM IST
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.
- Dec 11, 2020 09:43 AM IST
Airbnb prices defy all rationality. Wait for a leaner season
- Nov 02, 2020 09:06 PM IST
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
- Oct 22, 2020 08:36 PM IST
FHRAI is the apex body of the Indian hospitality industry, representing 55,000 hotels and 5,00,000 restaurants across the country.
- Sep 30, 2020 12:51 PM IST
The collaboration will include joint efforts across on innovation, sustainability, and colleague learning and development
- Sep 26, 2020 08:19 PM IST
Searches by job seekers saw a 30 percent increase between May and August 2020, according to a report by global job site Indeed.
- Sep 11, 2020 03:39 PM IST
Tax breaks may be in the offing for the sector which could do with a boost after a punishing spell during the lockdown
- Aug 31, 2020 06:48 PM IST
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.