India's Branded Hotels Achieve Record Occupancy and ADR in FY …
WEB1 day ago · Branded hotels across India achieved a room occupancy rate of 67.5%, the highest since FY 2008, and recorded the highest-ever average daily rate (ADR) of INR8,055 in FY 2024, highlighting significant growth in the hospitality sector, according to a report by consultancy Hotelivate.
HBIZ - Hospitality Biz India: Latest News & Analysis
WEB6 days ago · Hospitality Biz India: Latest News & Analysis - ‘Our strategy is to position Caesars Palace Dubai as a resort destination with experiences for every age group’: Naren Upadhyay, Director of Sales, Caesars Palace Dubai
‘India's non-metro cities are at the heart of the country's …
WEB2 days ago · Cygnett Hotels & Resorts, a homegrown fast-growing hospitality brand, has been making significant strides in the Indian market with a diverse portfolio ranging from budget to luxury hotels. Founded by Sarbendra Sarkar, the company has rapidly expanded over the last decade, becoming a notable player ...
The Future of Luxury: Embracing Technology to Enhance Guest …
WEB1 day ago · In the hotel industry, the guest experience is a key driving factor. While the property’s decor, professionalism of the staff, and room cleanliness matter, technology does play a pivotal role here. Luxury has been synonymous with offering discerning travellers an elevated hospitality encounter ...
News Archives - Hospitality Biz India: Latest News & Analysis
WEB2 days ago · Hospitality ideal platform to thrive, says female entrepreneurs. September 30, 2024. A group of successful business women at the 12th edition of Kerala Travel Mart (KTM) today identified hospitality sector as an ideal platform to build thriving enterprises, stressing that women entrepreneurs can innovate and lead. Exclusive News.
India’s hospitality sector witnessed USD 401 million investment ...
WEBApr 1, 2024 · JLL India today released its latest report titled ‘Hotel Investment Trends – India 2023,‘ highlighting the growth and positive start of the first quarter (Jan-March) of 2024 in the hospitality sector.The report mentions that the first quarter of 2024 witnessed a significant 80% Year-on-Year increase in hotel transaction volumes, …
Hospitality Industry Anticipates Union Budget 2024-25 to Bolster …
WEBJul 22, 2024 · Ahsan Shervani, Vice President, Star Hotels Ltd (Shervani Hotels) : “Its no secret that Industry leaders are advocating for changes like granting infrastructure status to the hotel sector and lowering the GST rate on rooms priced above INR 7,500 from 18% to 12% . The hospitality industry has largely recovered from the pandemic, with current tariffs and occupancies reaching or surpassing pre ...
Hospitality Biz India: Latest News & Analysis
WEBOctober 6, 2024. 55. The Hotel Association of India (HAI) has announced a transformative partnership with nine leading hotel groups aimed at mentoring hospitality institutes across India. This initiative, revealed during World Tourism Day 2024 at Vigyan Bhawan in. F&B.
Indian Hotel Industry Set for 7-9% Revenue Growth in FY25: ICRA
WEBFeb 26, 2024 · The Indian hotel industry is expected to register a revenue growth of seven to nine per cent in the next financial year 2024-25, according to a report by credit rating firm ICRA (Investment Information and Credit Rating Agency).
Hospitality sector records 23 upgrades in FY24: ICRA
WEBApr 1, 2024 · According to ICRA, FY24 continued the trend of upward mobility, with two entities upgraded for every downgrade. The hospitality sector emerged as the standout performer, boasting 23 upgrades and a remarkable 37% upgrade rate, without any downgrades. ICRA maintains a favorable outlook for the Hospitality sector in FY2025.