Hospitality Sector

Coronavirus Outbreak: Pandemic to inflict Rs 1 lakh cr loss on realty sector in FY21; long-term outlook may emerge positive: KPMG

The short-term impact in coming 6 to 12 months may be a dampener for realty sector's recovery, forcing sector entities to contract operations, revisit planned developments, expansions, and investments across the sector.

Mahindra Holidays to first reopen resorts near metro cities post-lockdown; will ensure guest experience is contactless, says CEO

The Mahindra Group firm has currently suspended operations at its resorts in compliance with the government directives.

Coronavirus Outbreak: ICRA downgrades Indian hospitality sector from stable to negative outlook; hotel occupancy falls over 40%

ICRA expects the travel and tourism industry to witness one of the longest tail periods of impact, potentially running into multiple quarters, following the COVID-19 wave.

Oyo to expand footprint in Bihar, create 700 new jobs; room count in state to be increased more than 6,000 by year-end

Ghosh said Oyo's presence in Bihar includes 28 cities including Patna, Bodhgaya, Muzaffarpur, Purnea and Bhagalpur among others.

Economic slowdown: Online hiring slips 5% in Jan-June 2019; automotive, ancillaries, tyre sectors hard hit

Metro cities have shown a lower hiring demand like Delhi (3 percent), Mumbai (0 percent), Bangalore (1 percent) and Hyderabad (3 percent) showed a marginal increase in demand

InterGlobe Hotels plans Rs 700 cr investment to add 6 hotels in India by 2022

InterGlobe Hotels was established in 2004 for development of the 'ibis' network of hotels in India, Nepal, Sri Lanka and Bangladesh

Kumbh Mela to generate Rs 1.2 lakh crore revenue; hospitality sector aims at employing 2.5 lakh people: CII

Although the Kumbh Mela is spiritual and religious in nature, the economic activities associated with it generate employment for over six lakh workers, CII said

OYO to add up to 500 Townhouse hotels across India in 2019 as part of expansion plan

Currently OYO has in all 68 Townhouse hotels in Delhi, Hyderabad, Bengaluru, Kolkata, Mumbai, Noida, Ghaziabad, Jaipur and Pune.

Tata Group defeats rival ITC in NDMC auction to retain Delhi's iconic Taj Mansingh hotel after years of litigation

The Taj Mansingh was given to the Tata group in 1978 on a lease for 33 years, which ended in 2011. The company was since given nine temporary extensions.

Russian hacking group is targeting hospitality sector across the globe; Indian hotels under threat

A Russian hacking group "APT28" is targeting the hospitality sector globally. It uses various hacking techniques to sniff passwords from Wi-Fi traffic.