hospitality industry News

ITC Hotels Reports Impressive 53% Surge in Q1 Net Profit, Reaching Rs 134 Crore

ITC Hotels reports a 53% jump in Q1 net profit to Rs 134 crore, driven by higher revenue. The company targets expanding to 220 hotels and 20,000 keys by 2030, highlighting its grow...

ITC Hotels Reports Stellar Q1 Performance: Net Profit Jumps 53%, Revenue Up by 15.5%

ITC Hotels Ltd reports a 53% surge in Q1 net profit to Rs 133.71 crore, with revenue up by 15.5%. The company aims to expand to 220 hotels by 2030, backed by strong operational met...

Wyndham Hotels Sets Sights on India: Over 50 New Properties and Global Brands Expansion

Wyndham Hotels and Resorts is expanding its footprint in India with over 50 new properties and introducing more global brands, aiming to make India a top growth market. The company...

ITC Hotels Achieves Unprecedented Financial Success in First Quarter After Independence from ITC Group

ITC Hotels reports record revenue and profit in its first quarter post-demerger from ITC Group, with significant growth in room and food revenues. The company's strategic expansion...

Radisson Hotel Group Achieves Milestone with Over 200 Hotels in South Asia's Booming Market

Radisson Hotel Group (RHG) has surpassed the 200-hotel milestone in South Asia with five new signings, reinforcing its leadership in the hospitality sector. This expansion includes...

Delhi High Court Upholds Voluntary Service Charge: A Victory for Consumer Rights

The Delhi High Court's ruling upholds CCPA guidelines, making service charges at restaurants voluntary. This decision is a win for consumer rights, ensuring transparency and fairne...

Hyatt Expands Its Empire: A $2.6 Billion Deal to Acquire Playa Hotels & Resorts

Hyatt Hotels Corporation announces a $2.6 billion deal to acquire Playa Hotels & Resorts, aiming to expand its all-inclusive resort portfolio in Mexico and the Caribbean, enhancing...

Budget 2025: Anticipated Reforms in Travel and Tourism Industry to Boost Growth and Safety

As India prepares for the Union Budget 2024, the travel and tourism industry anticipates strategic reforms for growth, focusing on tax policies, safety, employment, and infrastruct...

ITC Hotels Ltd Embarks on a Bold Journey: Listing on Stock Exchanges with a Vision for Growth

ITC Hotels Limited (ITCHL) has achieved a historic milestone by listing on the NSE and BSE, marking its independence from ITC Limited. With a strong growth plan, a zero-debt balanc...

Oriental Hotels Announces a Stellar Q3 Performance with Rs 13.99 Crore PAT

Oriental Hotels Ltd reports a Q3 PAT of Rs 13.99 crore for December 2024, with revenues surging to Rs 122.05 crore. The company showcases resilience and growth, with a 20% increase...

Oberoi Group Celebrates 90 Years with Ambitious Skill Development Program

Oberoi Group launches 'RISE' program to provide education, training, and guaranteed hospitality careers to diverse young individuals, marking its 90th anniversary.