12 May 2026

• iNvent has expanded its retail presence in Delhi NCR with the launch of a new Apple Authorised Reseller store at DLF Mid Town Plaza in Moti Nagar.
• The 900 sq. ft. outlet is expected to serve the growing premium residential and commercial catchment across West Delhi, supported by developments including DLF Midtown and nearby mixed-use projects.
• The company stated that the launch marks its return to a location where it had previously operated nearly a decade ago.
• Alongside the full Apple product portfolio, the store will offer guided purchase assistance, device support services and financing options, reflecting continued expansion of organised premium technology retail across NCR’s urban corridors.Read more

12 May 2026

Guwahati-based Poddar Group has announced plans to invest INR 800 crore over the next five to 10 years to expand its hospitality portfolio, with a primary focus on the Northeast. The company aims to develop 10 hospitality assets through a mix of owned, leased and acquired properties. The expansion strategy comes as the region witnesses stronger tourism demand, improved connectivity and rising appetite for premium hospitality experiences. The group also launched its second Hotel Palacio property in Guwahati and confirmed that the Hyatt Regency Gangtok project is currently under development, reflecting its broader ambition to strengthen its regional hospitality footprint.Read more

11 May 2026

Raymond Lifestyle Ltd reported a consolidated net loss of INR 52.06 crore during the March quarter of FY26, compared to a loss of INR 44.96 crore recorded in the corresponding period last year. Despite the wider quarterly loss, the company posted an 18.9 per cent increase in revenue from operations to INR 1,776.45 crore, supported by stronger domestic demand across branded textiles and apparel segments. The company also recorded its highest-ever annual total income, crossing INR 7,000 crore for the first time in FY26 following its demerger from Raymond Ltd and subsequent stock market listing in 2024. The board additionally recommended a dividend of Re 1 per equity share for the financial year ended March 2026.Read more

07 May 2026

National Company Law Tribunal has approved a resolution plan worth INR 730 crore for Rajesh Business & Leisure Hotels Pvt Ltd, enabling the revival of a stalled hospitality project in Mumbai. The plan, submitted by a consortium of Rare Asset Reconstruction Company and Check-Inn Hotels (a subsidiary of Shree Naman Group), received unanimous approval from the Committee of Creditors. The company had been undergoing insolvency proceedings since 2022 following a loan default. The approved plan provides for settlement of creditor dues, infusion of fresh capital, and completion of the long-delayed hotel project. The decision concludes a prolonged insolvency process and allows transfer of control to the successful resolution applicants.Read more

07 May 2026

Indian Hotels Company Limited and Lemon Tree Hotels led hotel room additions in India during calendar year 2025, according to a report by HVS Anarock. A total of 14,199 branded hotel rooms were added during the year, marking a 5% increase over 2024. While overall room supply grew, new property openings declined to 176 from 200 in the previous year. Domestic hotel operators accounted for the majority of expansion, contributing 70% of new openings and 57% of total room additions. The data reflects sustained demand in the hospitality sector, driven by domestic travel and expansion beyond metro cities into emerging markets.Read more

07 May 2026

IHG Hotels & Resorts has entered Chhattisgarh with the signing of a franchise agreement for a 117-key Garner-branded hotel in Jagdalpur. The project, to be developed by Freedom Hospitality and managed by United Hospitality Management, will be located in the Bastar region. The development reflects the continued expansion of branded hospitality into emerging regional markets, supported by partnerships between global operators and domestic developers. The project is expected to strengthen organised hotel supply in the region and cater to growing travel demand in central India.Read more

06 May 2026

Espire Hospitality Limited has entered into an agreement with Marriott International to develop a JW Marriott Resort & Spa near Vrindavan. Spread across 14 acres, the project will feature 151 keys, including villas and a Presidential Suite, and is expected to be operational in the coming years. The development reflects a continued push towards expanding the ultra-luxury hospitality segment, with a focus on experiential stays, wellness amenities, and large-format event infrastructure catering to both leisure and corporate demand.Read more

06 May 2026

Sarovar Hotels has expanded its presence in Jammu and Kashmir with the opening of a 51-key property, Mountnoor Sarovar Premiere, in Pahalgam. Announced in the past week, the hotel marks the company’s sixth operational asset in the region, reflecting its continued focus on high-potential leisure destinations. Positioned to cater to evolving traveller preferences, the development strengthens Sarovar’s footprint in the northern hospitality market. The addition comes amid sustained interest in tourism-led real estate and hospitality investments in Jammu and Kashmir, with operators increasing capacity in established destinations such as Pahalgam.Read more

06 May 2026

Indian Hotels Company Ltd (IHCL) has entered into a partnership with Terra Rex Realty to develop a cluster of 10 luxury bungalows under its amã Stays & Trails brand in Port Blair, Andaman and Nicobar Islands. Announced in the past week, the project is expected to be operational by the end of the following year and will involve an investment exceeding INR 100 crore, excluding land cost. Located near Manjery beach, the development will cater to experience-led travel demand. Terra Rex will construct and sell the villas to private owners, while IHCL will manage operations. The initiative marks IHCL’s entry into the island destination and is expected to generate local employment opportunities.Read more

06 May 2026

Radisson Hotel Group plans to expand its India portfolio to 157–160 operational hotels with 19,000–19,500 keys by the end of 2026, supported by a strong development pipeline and continued market expansion. The hospitality chain currently operates 142 hotels and has 84 properties under development. It expects to add 18 hotels and 2,000–2,500 keys within the current year. The group reiterated its long-term target of reaching 500 hotels in India by 2030. While metro markets have witnessed some slowdown due to global uncertainties, demand in tier-2 and tier-3 cities remains stable. The company reported a decline in revenue per available room (RevPAR) in select urban markets, though broader domestic demand trends continue to support the sector.Read more