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

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