03 Jun 2025

IHG Hotels & Resorts marked a key milestone earlier this week with the opening of its 50th operational hotel in India Crowne Plaza Lucknow, comprising 110 keys. The hospitality giant reaffirmed its commitment to the Indian market by announcing a robust pipeline of nearly 70 hotels slated for launch over the next two to three years. Meanwhile, Indian Hotels Company Ltd (IHCL) entered into an agreement for a 101-key Gateway-branded hotel in Nathdwara, Rajasthan. The move supports IHCL's strategy to strengthen its presence in religious and cultural destinations across India.Read more

02 Jun 2025

Indian Hotels Company Ltd (IHCL) has made a significant stride into luxury wildlife hospitality by signing agreements for three upscale lodges in South Africa's Balule Game Reserve, part of the renowned Kruger National Park. The properties include the 30-key Taj Lion Kings Hilltop Tented Camp and two intimate six-key lodges: Taj Lion Kings Bush Lodge and Taj Lion Kings River Lodge. This expansion under the iconic Taj brand underscores IHCL's commitment to responsible tourism, aiming to provide guests with an immersive, authentic nature experience. Partnering with OM USA LLC further supports IHCL's vision of combining luxury with ecological sensitivity in a globally acclaimed wildlife destination.Read more

30 May 2025

Oyo-owned Belvilla has acquired Australian short-term rental-platform MadeComfy in a cash-and-stock deal, issuing shares worth USD 1.9 million (INR 16 crore) upfront and USD 9.6 million (INR 81 crore) in deferred-stock, valuing Oyo at USD 5 billion (INR 42,500 crore). MadeComfy, founded in 2015, manages 1,200+ assets across Australia, New Zealand and earned USD 9.6 million (INR 81 crore) in 2024. Belvilla operates 50,000 homes in 20 European countries. Oyo also acquired G6-Hospitality in 2024 for USD 525 million. Founder Ritesh Agarwal projects FY26 profit of INR 1,100 crore, citing 60% YoY revenue-growth.Read more

29 May 2025

ITC Hotels announced the signing of a Welcomhotel property in Vrindavan, Uttar Pradesh, marking the brand's entry into a significant pilgrimage destination. This new development strengthens ITC Hotels' foothold in the state, adding to its existing portfolio of six operational hotels with 479 rooms and more properties planned across various brands. Strategically located 90 km from Noida International Airport along the Delhi-Agra Highway, the upcoming Welcomhotel will offer 120 guest rooms, catering to the increasing demand driven by the surge in domestic spiritual and cultural tourism across India.Read more

29 May 2025

Radisson Hotel Group recently announced the launch of five new hotels across diverse Indian locations, including Jamshedpur, Bengaluru's Yelahanka, Shimla's Koti, Punjab's Gaj, and Prayagraj. This expansion reflects the group's adaptive growth strategy tailored to India's evolving hospitality market. Radisson's approach focuses on leveraging its varied brand portfolio to establish meaningful local partnerships while ensuring world-class service. The company is broadening its reach to capture multiple traveller segments, from corporate visitors in tier II cities to leisure and spiritual tourists, underscoring its intent to deepen its presence across both industrial and leisure destinations.Read more

28 May 2025

Uttarakhand's tourism sector has gained significant momentum owing to robust infrastructure development, enhanced healthcare services, and improved accessibility. Under the guidance of Prime Minister Shri Narendra Modi, Chief Minister Shri Pushkar Singh Dhami has been actively implementing the AYUSH Policy 2023, aimed at transforming the state into a hub of wellness and health tourism. The spiritual significance of the Char Dham Yatra, coupled with modern facilities for pilgrims, is fuelling growth in footfall. Focused efforts on high-altitude healthcare, road connectivity, and medical emergency readiness are reshaping the state's appeal as a holistic destination for spiritual and wellness-based experiences.Read more

28 May 2025

ITC Ltd, one of India's leading diversified conglomerates, recorded an impressive financial performance for the quarter and fiscal year that concluded recently. The company's consolidated net profit for the final quarter saw a nearly four-fold increase year-on-year, while its annual profit surged close to 69%. Although quarterly revenue growth remained subdued, annual revenue witnessed a healthy 10.4% rise. The board has recommended a final dividend of INR 7.85 per ordinary share, reflecting confidence in the company's financial strength. Interestingly, ITC's shares closed lower on the day the results were declared, as the announcement came after trading hours.Read more

27 May 2025

Nexus Seawoods Mall in Navi Mumbai recently launched its Denim & Sneaker Fest, running from earlier this week through mid-June. This festival celebrates two of fashion's most enduring favourites denims and sneakers bringing together an extensive range of products from leading international and domestic brands. Shoppers have the opportunity to update their wardrobes with the latest styles from top labels such as Levi's, Nike, Puma, and many others, making it ideal for vacation preparations and back-to-campus shopping. The event also includes engaging Shop & Win contests, special offers, and giveaways, adding an extra layer of excitement for visitors of all ages.Read more

27 May 2025

Schloss Bangalore Ltd, the Brookfield-backed operator of luxury brand The Leela Palaces, Hotels and Resorts, has announced an investment of INR 1,131 crore to develop five company-owned hospitality properties across Agra, Srinagar, Bandhavgarh, Ranthambore, and Ayodhya. These developments, totalling 475 rooms, are slated to commence operations by 2028. The announcement came just before the company's INR 3,500 crore IPO opened earlier this week, aiming to raise INR 2,500 crore for debt repayment. Brookfield, which acquired The Leela brand in 2019, is set to dilute its holding by 24%, marking one of the largest public issues in India's hospitality sector.Read more

26 May 2025

Kopi Kenangan, Southeast Asia's fastest-growing coffee chain and the region's first food and beverage unicorn, has launched its second outlet in India at SDA Market, New Delhi. The opening comes within weeks of the successful debut at Pacific Mall, Tagore Garden, marking an ambitious expansion strategy into India's thriving cafe scene. With backing from global investors such as Peak XV, Sequoia Capital, Serena Ventures, and B Capital, the brand aims to introduce its authentic Indonesian coffee, highlighted by the use of natural Gula Aren sugar, to Indian consumers seeking flavourful yet health-conscious beverage options.Read more