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

30 Apr 2026

Leela Palaces Hotels & Resorts reported a significant rise in its financial performance for the latest quarter and full fiscal year, supported by higher operational revenue. The company’s net profit saw strong year-on-year growth, while expenses also increased in line with business expansion. Alongside its earnings, the firm has announced a small but strategic acquisition of BPBKC Properties Pvt Ltd to explore opportunities in hospitality and real estate. The move reflects a broader approach to diversify within asset-backed segments, even as the company continues to strengthen its position in the luxury hospitality market following its stock market debut last year.Read more

29 Apr 2026

Mahindra Holidays & Resorts India Ltd reported a 43% decline in consolidated profit after tax to INR 41.49 crore in the fourth quarter of the financial year ending FY26, compared with INR 72.94 crore in the same period last year. The drop was mainly due to impairment charges, implementation of new labour codes and foreign exchange movement. Revenue from operations increased to INR 820.29 crore from INR 778.83 crore, while expenses also rose. For FY26, annual profit stood at INR 67 crore. The company noted steady growth in India operations, strong resort performance and expansion, while international business remained under pressure.Read more

29 Apr 2026

Radisson Hotel Group has signed agreements to develop two resort properties in Coorg, Karnataka, in partnership with SLN Hotels & Resorts, marking its entry into the leisure destination. The projects include the 102-key Purple Mist Resort & Spa and the 78-room Purple Palms Resort & Spa. The dual-resort model is designed to cater to both individual travellers and large-scale events. The move aligns with growing demand for leisure hospitality assets in high-traffic destinations. Radisson currently has over 200 hotels operational and under development across India, and the Coorg expansion reflects its continued focus on strengthening its presence in resort markets.Read more

29 Apr 2026

Sun Pharmaceutical Industries Ltd has announced an all-cash acquisition of US-based Organon & Co at an enterprise valuation of USD 11.75 billion, marking one of the largest overseas transactions by an Indian company. The deal, priced at USD 14 per share, will significantly expand Sun Pharma’s global footprint across 150 countries and strengthen its position in women’s health, biosimilars and branded generics. Organon, a spin-off from Merck in 2021, reported USD 6.2 billion in revenue in 2025. The combined entity is expected to generate USD 12.4 billion in revenue and deliver synergies exceeding USD 350 million within two to four years, subject to regulatory approvals and shareholder consent.Read more

28 Apr 2026

Aditya Birla New Age Hospitality, part of the Aditya Birla Group, has announced the expansion of its Italian restaurant brand CinCin to Gurugram, marking a further step in its hospitality portfolio growth. The brand, which was initially launched in Mumbai, has gained traction as a premium dining destination. The Gurugram outlet is expected to build on this positioning, targeting urban consumers seeking experiential dining formats. The move reflects continued expansion by organised hospitality operators into high-demand urban markets, particularly in NCR, where premium dining and lifestyle-led real estate developments are witnessing sustained growth.Read more

28 Apr 2026

Chalet Hotels Limited has approved the acquisition of Seasons Hotels Private Limited, the owner of the 144-room Inder Residency Resort & Spa in Udaipur, for INR 171 crore. The deal will be completed through phased purchase of 100 per cent equity shares and is expected to close by May 15, 2026 or a mutually agreed date. This move marks the company’s entry into the Udaipur market and aligns with its strategy to expand its leisure hospitality portfolio across different regions. The property is planned for upgradation and possible expansion in the future.Read more