29 Jan 2026

Radisson Hotel Group is expanding its presence in India's rapidly evolving spiritual tourism circuit with new hotel openings planned in Shirdi, Puri, Indore and Ujjain. The expansion reflects a strategic focus on emerging pilgrimage destinations that are witnessing rising domestic travel demand, supported by infrastructure upgrades and government-led faith tourism initiatives. Religious tourism remains a key driver of India's hospitality sector, with the Ministry of Tourism estimating over 1,439 million religious visits in 2022, generating revenue of around INR 1.34 trillion. Cities such as Ujjain, which attracted more than 52.8 million visitors in 2023, along with Puri, Shirdi and Indore, continue to record steady footfalls. Radisson's move positions it early in markets where demand is expected to deepen, creating long-term opportunities for organised hospitality growth.Read more

28 Jan 2026

Leasing of retail space across India's top seven cities rose sharply in 2025, supported by fresh supply and robust demand from retailers, according to JLL India. Gross leasing volumes touched a three-year high, driven equally by shopping malls and high streets, with Delhi-NCR, Bengaluru, Hyderabad and Mumbai emerging as the largest contributors. The addition of new, institutional-grade retail space encouraged accelerated store expansion, particularly among domestic brands, while global brands also increased their footprint. The year saw the launch of multiple new malls, lifting overall mall inventory across major cities. Industry experts noted that experiential retail, food and beverage formats, and renewed consumer confidence are reinforcing the relevance of physical retail. The trend has resulted in improved occupancies, healthier cash flows and greater confidence among developers and investors in upgrading and reinvesting in retail assets.Read more

27 Jan 2026

IndiGo, operated by InterGlobe Aviation, reported a net profit of INR 549 crore for the December quarter, down sharply from INR 2,449 crore in the same period last year. The decline reflects substantial one-time costs, including INR 577 crore due to flight disruptions in early December and INR 969 crore linked to new labour law compliance. Despite these challenges, revenue grew to INR 24,541 crore from INR 22,993 crore. Over 2,500 flights were cancelled and nearly 1,900 delayed, affecting more than 300,000 passengers. The airline's underlying performance remained stable, but exceptional costs drove the net profit drop.Read more

27 Jan 2026

Hospitality chain Pride Hotels has received approval from the Securities and Exchange Board of India (Sebi) to launch its initial public offering, marking a key milestone in its capital-raising plans. Industry sources indicate that the Mumbai-based company is looking to raise around INR 1,000 crore through the public issue. Filed with Sebi in October last year, the IPO comprises a fresh issue of shares worth INR 260 crore along with an offer-for-sale of up to 3.92 crore shares by promoters and promoter group entities. The company may also undertake a pre-IPO placement of up to INR 52 crore, which would proportionately reduce the fresh issue size. Proceeds from the issue are expected to be used for renovating existing hotels, repaying debt and meeting general corporate requirements, as Pride Hotels looks to strengthen its portfolio and accelerate expansion across key Indian cities.Read more

27 Jan 2026

The Nashik Municipal Corporation (NMC) is set to introduce the National Common Mobility Card (NCMC) on city buses to enable cashless ticketing. Around 250 buses operating on over 60 routes will adopt the prepaid, rechargeable card, which aims to reduce dependence on cash, speed up boarding, and minimize disputes over ticket payments. Officials are preparing technical systems and training staff for smooth implementation. This move aligns Nashik with other major Indian cities using NCMC and could eventually extend to Metro, tolls, parking, and other transport payments.Read more

27 Jan 2026

Uber is set to double its Uber Black fleet in India by 2026 to meet rising demand for premium ride-hailing services. Operating in Delhi, Mumbai, and Bengaluru, the service provides luxury vehicles with top-rated drivers, dedicated airport pickup zones, and advanced booking options. Uber has invested in Carrum, a fleet management partner, to scale operations and vehicle supply. The Reserve feature and Uber One membership programme, with over one million Indian subscribers, further support premium mobility adoption. This expansion highlights India's growing preference for comfort and reliability in urban transportation.Read more

26 Jan 2026

K Raheja Corp is set to introduce Juinagar's first international school as part of its expansive 50+ acre mixed-use development in Navi Mumbai, reinforcing its vision of building integrated, walkable urban districts. Planned on a dedicated 1.18-acre campus adjacent to Raheja Jadecity and Mindspace, Juinagar, the K12 institution aims to address the limited availability of international-curriculum schools in the micro-market. Designed to serve families across key Navi Mumbai residential hubs, the project aligns with the region's evolution into a walk-to-work employment corridor. By combining globally benchmarked academics with strong co-curricular and sports infrastructure, the school is positioned to offer a holistic education experience. The initiative underlines K Raheja Corp's focus on embedding quality social infrastructure within large-scale developments to enhance live work learn ecosystems.Read more

24 Jan 2026

SpiceJet will start non stop flights between Ahmedabad and Sharjah in early February 2026, making Sharjah its second destination in the UAE after Dubai. The flights will operate five days a week, excluding Tuesdays and Wednesdays, and tickets are already available through the airline's website, app, and travel partners. The airline highlighted strong demand from business travellers, tourists, and the Indian expatriate community in the UAE. Ahmedabad's commercial and cultural connections with the Gulf region, along with a growing travel market, were cited as key reasons for launching this direct route.Read more

21 Jan 2026

ITC Hotels reported a healthy improvement in financial performance for the December quarter, with consolidated net profit rising nearly 10% year-on-year, supported by strong revenue growth and sustained demand across premium and leisure hospitality segments. The company continued to expand its portfolio, adding new properties across multiple cities and strengthening its presence in Tier II and Tier III markets. While profitability was partially impacted by one-time exceptional items related to new labour codes and cyclone-related inventory losses in Sri Lanka, the overall outlook remains positive.Read more

21 Jan 2026

IHG Hotels and Resorts has signed a management agreement with Hanu Overseas to bring its luxury and lifestyle brand, Vignette Collection, to India. The 145-room hotel will open in Panchkula, Haryana, in early 2026, marking a key step in IHG's premium portfolio expansion. Separately, Myntra has appointed Ritesh Mishra as Senior Vice President and Head of Category and Revenue. Reporting to CEO Nandita Sinha, he will lead category and revenue strategy and join the senior leadership team. With over 25 years of experience, including his previous role at Lifestyle India, Mishra's appointment is aimed at strengthening brand partnerships and enhancing consumer experiences across fashion, beauty and lifestyle categories.Read more