hospitality sector News

Thailand's Luxury Real Estate Faces Downturn as Developers Shift Focus to Phuket and Hospitality

Thailand's luxury real estate market is facing a downturn, with developers shifting focus to Phuket and the hospitality sector amid economic uncertainties and changing consumer beh...

Tata Group Expands Hospitality Empire: IHCL to Acquire Majority Stake in Clarks for Rs 204 Crore

Tata Group's IHCL is set to acquire a 51% stake in Clarks hotels for Rs 204 crore, adding 135 properties to its portfolio and strengthening its presence in India's midscale hospita...

ITC Hotels Achieves Record-Breaking Rs 860 Crore Revenue in Q1 FY 2026 Amidst Challenges

ITC Hotels reports a record Rs 860 crore revenue in Q1 FY 2026, with a 53% profit increase. The company is expanding rapidly, aiming for 220 operational hotels by 2030, despite cha...

Maharashtra's Hospitality Sector Strikes Back: Bars and Permit Rooms to Close in Protest Against 'Draconian' Tax Hikes

Maharashtra's hospitality sector, including over 20,000 bars and permit rooms, will shut down on July 14 to protest against steep tax hikes by the state government, threatening the...

Thailand's Office Real Estate Boom: Why Demand Outpaces Supply in 2025

Thailand's office real estate market is booming, with demand outpacing supply in 2025. Key trends include the rise of high-tech industries, a shift back to office spaces, and signi...