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hospitality industry News
Big decision by Modi government! Relief for hotels, tour operators, travel agents and tourist transporters
Tue, May 26, 2020
Keeping in view the Covid-19 pandemic and considering the current situation when the hospitality industry is going through trying times amid lockdown that has severely impacted the accommodation sector, Modi government has taken a major decision to give relief to hotel owners, tour operators, travel agents and tourist transporters.
Budget 2020: What hospitality industry wants from Nirmala Sitharaman on Feb 1
Wed, Jan 22, 2020
Budget 2020 Expectations: The hospitality industry has demanded from Sitharaman to address issues around infrastructure, licensing, approvals and inconsistent regulations.
Budget 2020 Expectations: Hospitality Industry demands faster GST repayment from Nirmala Sitharaman
Thu, Jan 16, 2020
Budget 2020 Expectations: The Union Budget is a fortnight away and various industry insiders have started to put forth their demands for induction in the final budget to be presented by Nirmala Sitharaman on 1st February 2020.
Hotel rooms should be taxed uniformly at 12%: Vithal V. Kamat
Tue, Dec 24, 2019
Dr Vithal V. Kamat, Chairman and Managing Director, Kamat Hotels (India) Ltd., talks about expected growth in revenue, the occupancy rate of hotels and his budget expectations.
Indian Hotels to launch two Homestay facility under with brand name Ama: Puneet Chhatwal, IHCL
Fri, Oct 04, 2019
Puneet Chhatwal, MD & CEO, Indian Hotels Company Limited (IHCL), speaks about the impact of GST rate cut on room tariff, the financial performance of the company, strategy behind the positioning of the brands, Ginger hotels, expansion and competition among others during an interview with Zee Business.
Mahindra Holidays plans to develop resort in Jammu and Kashmir: Kavinder Singh, MD & CEO
Wed, Sep 18, 2019
The tourism industry has 10% contribution to the country’s GDP and employs around 4-4.50 lakh people across India, says Kavinder Singh, MD & CEO, Mahindra Holidays and Resorts India Limited, during an interview with Zee Business
Budget 2019: Hospitality Industry's wish list from FM Nirmala Sitharaman
Tue, Jul 02, 2019
From two options in GST for restaurants to ITC (input tax credit) issues, the hospitality industry has put forth its demand list for Finance Minister Nirmala Sitharaman.
Budget 2019 Expectations: Hospitality industry wants improved infrastructure from Nirmala Sitharaman
Tue, Jun 25, 2019
Hospitality industry has demanded the government ensures availability of skilled workforce, who can handle operations like housekeeping, front office, cooking and other skill-related jobs.
Cloud Kitchens: Food and Beverage sectors' new cost recipe to beat the heat of high rentals
Tue, Jun 25, 2019
According to the Statista Online Food Delivery report for India, revenue in the online food delivery segment is likely to cross $7 bn in 2019.
World Environment Day: Top smart hospitality tips for building sustainable tourism
Wed, Jun 05, 2019
As per the World Travel & Tourism Council’s annual research, the sector grew at 3.9% to contribute a record $8.8 trillion and 319 million jobs to the world economy in 2018.
Revenue per available room: Hospitality industry alert! Indian hotels' RevPar to grow 9.5 pct in 2019
Wed, Apr 10, 2019
On account of demand outpacing supply, the revenue per average room for the hotel industry is expected to grow at 9.5 per cent in 2019.
Oberoi Rajvilas Jaipur ranks 13th among top 25 hotels in world
Thu, Jan 24, 2019
The Oberoi Rajvilas in Jaipur, Rajasthan, has featured among the top 25 hotels in the world, securing at 13th position. The property also ranked 7th in luxury and 21st in best service category, in the TripAdvisor's Travellers' Choice Awards 2019.
Sunny days ahead for hospitality sector, set to grow by 9-10pc through FY23: Report
Sun, Dec 16, 2018
The domestic demand in FY19 will continue to be driven by increased air connectivity, and higher appetite for domestic leisure travel, the report adds.
Oyo to offer 10,000 jobs in UAE; expands international presence
Mon, Oct 15, 2018
India's largest hospitality company currently operates 1,200 rooms in the UAE and reportedly aims to have 12,000 keys added to its UAE portfolio by 2020. The company hopes the number of hotels under franchise and lease management will reach 150 across the UAE by 2020, said the report, adding that the firm operates rooms in Dubai, Sharjah and Fujairah.
Hospitality industry crisis: EIH says there are up to Rs 6,800 crore worth of assets for sale
Tue, Jul 17, 2018
Hospitality industry is currently having a good time with high occupancy rates and rising room rates. Yet, a prolonged depressed market till 2016 is taking a toll on the sector. Realty developers are now putting their over-leveraged hotel projects on the block as super-profits from their residential projects have dried up.
Food Ministry to ask hoteliers to specify portion size to check wastage
Tue, Apr 11, 2017
Paswan said the government does not fix the quantum of food that needs to be served by hotels and restaurants.