06 May 2026

Sculptor Real Estate and Trinity Investments have jointly acquired the JW Marriott Marco Island Beach Resort from MassMutual in a hospitality sector transaction. The deal marks a continued interest from both investors in premium hotel assets, particularly in established beachfront destinations. The resort, part of the well-known JW Marriott portfolio, has long operated as a luxury property under MassMutual’s ownership. The acquisition reflects ongoing activity in the US hospitality investment space, where institutional investors are actively reshaping ownership of high-value leisure and resort assets.Read more

05 May 2026

Inorbit Malls has agreed to acquire two shopping malls from the Prozone Group in Chhatrapati Sambhaji Nagar and Coimbatore for approximately INR 1,300 crore. The transaction, announced in the past week, will add around 1.2 million sq ft of retail space to Inorbit’s portfolio. The acquisition forms part of Prozone’s ongoing asset restructuring and reflects sustained institutional interest in organised retail assets, particularly in Tier-2 cities with expanding consumption demand and improving economic activity.Read more

04 May 2026

Marriott International has expanded its footprint in India with the opening of a 185-key Le Meridien Hotels & Resorts property in Surat, Gujarat, marking the brand’s entry into the city known as the Diamond hub. The company noted that India continues to remain a key growth market and highlighted Surat’s strong cultural and commercial profile as a fit for the brand’s positioning. In a separate development, IHG Hotels & Resorts has signed an agreement with Yash Hotels & Resorts LLP to develop a 150-key Holiday Inn Resort in Alwar, Rajasthan, scheduled to open in the first quarter of 2030.Read more

03 May 2026

Yatra Online Limited has upgraded its AI-powered travel assistant, DIYA, to support end-to-end planning and booking of multi-city and multi-country itineraries within a single chat interface. Announced recently, the feature allows users to create and book complex travel plans across destinations without switching platforms. The assistant integrates flights, hotel stays, and local experiences into a single itinerary while supporting multiple journey formats. Powered by advanced artificial intelligence models and available across web and mobile platforms, the upgrade reflects a broader shift towards automated, conversational travel planning, reducing manual effort and streamlining the booking process for increasingly complex travel requirements.Read more

03 May 2026

The Government has outlined plans to increase the tourism sector’s contribution to India’s GDP from 5.22 per cent to 10 per cent over the next decade, supported by rapid expansion in transport and infrastructure networks. The target was highlighted during the 15th edition of The Great Indian Travel Bazaar in Jaipur, where officials pointed to growth in airports, rail connectivity, and aviation capacity as key drivers. Domestic tourism has risen sharply, crossing 4 billion visits, while international arrivals and foreign exchange earnings have also doubled. The push is expected to require significant expansion in hotel capacity and destination development.Read more

03 May 2026

SOTC Travel has inaugurated its 100th retail store at Nariman Point, Mumbai, marking a key milestone in its physical network expansion across 53 cities in India. The move reflects the company’s continued focus on strengthening its omnichannel distribution strategy by integrating physical retail with digital platforms. The outlet is positioned to cater to high-value urban consumers, including corporate and affluent travellers. Alongside retail expansion, the company is investing in technology-driven solutions and customised travel offerings to address evolving consumer preferences across segments, including leisure, spiritual and experiential tourism. The development highlights sustained growth in organised travel services and premium customer engagement in metro markets.Read more

02 May 2026

Hotels in Ajman have supported a recently announced incentive package by the Ajman Department of Tourism Development, aimed at easing operational challenges in the hospitality sector. Introduced under the leadership of the emirate’s executive authorities, the measures include temporary fee deferrals, penalty waivers, and flexible payment mechanisms. Industry stakeholders indicated that the initiative comes at a time of softer occupancy levels and margin pressures, providing short-term financial relief while reinforcing long-term confidence. The move is positioned to strengthen public-private collaboration, improve the emirate’s competitiveness as a tourism destination, and sustain investment interest in the hospitality sector.Read more

01 May 2026

Brigade Hotel Ventures reported a consolidated net profit of INR 64.59 crore for FY26, marking a sharp increase of around 173% compared to the previous financial year. The company’s total income rose to INR 543.44 crore, reflecting steady growth in hospitality operations. The performance was supported by higher average room rates and improved revenue per available room across its portfolio. The results indicate continued recovery and expansion in the hotel sector, driven by domestic travel demand and operational efficiencies across Brigade’s hospitality assets.Read more

01 May 2026

Vihang Ahead has entered into an agreement with Radisson Hotel Group to develop two hotel properties in Thane and Mira Bhayandar, adding a combined 217 keys to its hospitality portfolio. The projects, to be developed with an investment of around INR 200 crore through internal accruals, are expected to be operational over the next three to five years. The move reflects a strategic expansion into hospitality within high-growth urban clusters in the Mumbai Metropolitan Region. The developments are also expected to generate local employment while aligning with rising demand from business and MICE segments in emerging suburban markets.Read more

01 May 2026

The Phoenix Mills reported a 19.6 per cent increase in consolidated net profit for FY26, with profit after tax rising to INR 1,556.61 crore. The company’s total income grew 15.87 per cent to INR 4,593.55 crore, reflecting improved performance across its retail-led mixed-use portfolio. In the March quarter, income rose nearly 22 per cent while profit increased significantly year-on-year. The board has recommended a final dividend of INR 2.50 per share. The results indicate continued growth in consumption-driven assets, supported by strong leasing and operational performance across its malls and mixed-use developments.Read more