Hotels

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Hotels - Total results - 70
Hotel aggregator OYO files for Rs 8,430 crore IPO
Business

Hotel aggregator OYO files for Rs 8,430 crore IPO

The offering will consist of a fresh issue of shares of up to Rs 7,000 crore and an offer for sale of as much as Rs 1,430 crore, according to the draft red herring prospectus (DRHP) filed with SEBI

Don't force govt to impose strict lockdown, Uddhav Thackeray says in 'last warning' to hotels, restaurants
India

Don't force govt to impose strict lockdown, Uddhav Thackeray says in 'last warning' to hotels, restaurants

At a virtual meeting with hotel and restaurant associations and shopping centre groups, Thackeray said a 'lackadaisical' attitude towards COVID-19 norms had crept in lately

Coronavirus Lockdown: Hotel stocks rally up to 19% as govt lifts curbs on operations from 8 June
Business

Coronavirus Lockdown: Hotel stocks rally up to 19% as govt lifts curbs on operations from 8 June

Hotel stocks on Monday zoomed up to 19 percent after the government said the opening of hotels, restaurants and other hospitality services and shopping malls will start from 8 June

Sterling Holiday Resorts to open 21 properties in first phase after it gets go-ahead from govt to resume services
Business

Sterling Holiday Resorts to open 21 properties in first phase after it gets go-ahead from govt to resume services

Currently, the company has around 41 resorts across the country and all of them are closed for guests currently on account of lockdown imposed due to the COVID-19 pandemic, Sterling Holiday Resorts said.

OYO takes measures to mitigate COVID-19 impact, offer quality hospitality experience
Business

OYO takes measures to mitigate COVID-19 impact, offer quality hospitality experience

Hospitality firm OYO on Tuesday said it is taking several measures to minimise the impact of COVID-19, and innovating to meet new standards of good quality hospitality experience at its hotels

COVID-19 hits hotel industry: Revenue per room drops 13-29% in Jan-Mar; Bengaluru worst-hit, says report
Business

COVID-19 hits hotel industry: Revenue per room drops 13-29% in Jan-Mar; Bengaluru worst-hit, says report

In revenue per room, the maximum fall was seen in Bengaluru at 28.5 percent, followed by Delhi 20.3 percent, Mumbai 20 percent, Kolkata 19.8 percent

Coronavirus Lockdown: ICRA expects GDP to contract by 20% in June quarter; 2% fall in current fiscal
Business

Coronavirus Lockdown: ICRA expects GDP to contract by 20% in June quarter; 2% fall in current fiscal

After the government announced graded relaxations in the lockdown, domestic rating agency ICRA on Monday estimated that the country's GDP might contract by as much as 20 percent in the June quarter and is expected to overcome some lost ground in the remainder of the year but still close 2020-21 down by up to 2 percent

Coronavirus Outlook: Hotel industry mulls pay cuts, reducing manpower to tide over lockdown woes
Business

Coronavirus Outlook: Hotel industry mulls pay cuts, reducing manpower to tide over lockdown woes

The hospitality industry has taken up various measures to overcome the impact due to lockdown to contain the spread of coronavirus which include pay cuts, use of short staff besides engaging in partial operation, officials said

Coronavirus Outbreak: Hotel industry revenue likely to fall by Rs 90,000 cr in 2020 due to pandemic, says report
Business

Coronavirus Outbreak: Hotel industry revenue likely to fall by Rs 90,000 cr in 2020 due to pandemic, says report

India's hotel industry is estimated to face a whopping business loss of Rs 90,000 crore during this calendar year, as all hotels are closed due to nationwide lockdown to control coronavirus disease, according to a report by HVS and Anarock

Coronavirus Outbreak: Amul eyes 15% growth in turnover this fiscal from over Rs 38,000 cr in FY'20 despite nationwide lockdown
Business

Coronavirus Outbreak: Amul eyes 15% growth in turnover this fiscal from over Rs 38,000 cr in FY'20 despite nationwide lockdown

GCMMF clocked 17 percent growth in its turnover at Rs 38,550 crore during the 2019-20 fiscal year.

Hotels, hospitality sectors severely hit by COVID-19; India may get increased share of manufacturing, logistics business: Report
Business

Hotels, hospitality sectors severely hit by COVID-19; India may get increased share of manufacturing, logistics business: Report

Industry estimates indicate that in India, branded and organised hotels annual revenue is Rs 38,000 crore, it added.

Coronavirus Outbreak: Which sectors will bounce back, which will take time post-lockdown, experts weigh in
Business

Coronavirus Outbreak: Which sectors will bounce back, which will take time post-lockdown, experts weigh in

Sectors that depend on people's behaviour would take the longest time to recover after the end of the lockdown period, while those curbed by the government to contain the spread of coronavirus are set for a bounce-back immediately after the restrictions are removed, say experts

Paytm teams up with over 300 hotels in 60 cities; offers temporary accommodation for healthcare professionals fighting COVID-19
Business

Paytm teams up with over 300 hotels in 60 cities; offers temporary accommodation for healthcare professionals fighting COVID-19

Healthcare professionals can go, select and book a hotel on the Paytm app and check-in using a valid identity proof to avail of a special rate. The rooms in these hotels are specially designated for medical staff.

Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days
Business

Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days

The coronavirus outbreak happened to be a major setback for hopes of a revival in beleaguered auto sector of the country, which had grappled in the red zone due to sharp fall in demand for over two quarters.

GST Council meets tomorrow to decide on tax moderation; industries seek relief amid economic slowdown
Business

GST Council meets tomorrow to decide on tax moderation; industries seek relief amid economic slowdown

Amid the clamour for a rate cut by various industries, the all-powerful GST Council will hold a crucial meeting on Friday to decide on tax moderation, keeping in mind the revenue position and the need to boost sagging economic growth

Ahead of GST Council meet, fitment panel rejects tax rate cut for auto, biscuits; favours relief for hotel industry
Business

Ahead of GST Council meet, fitment panel rejects tax rate cut for auto, biscuits; favours relief for hotel industry

Ahead of the crucial GST Council meeting on Friday, a committee of officials has rejected demands for a cut in tax rate on items ranging from biscuits to car owing to tight revenue position as any reduction will dent Centre and State collections

Union Budget 2019: Travel and tourism industry eyes easing of tax burden, improvement of infrastructure and better connectivity
Business

Union Budget 2019: Travel and tourism industry eyes easing of tax burden, improvement of infrastructure and better connectivity

The travel and tourism industry expects a reduction of the tax burden, improvement of infrastructure and better connectivity from the upcoming Budget 2019, that will help double both the international as well as domestic tourist traffic

OYO Hotels crosses 5 lakh room inventory in China; to invest $100 mn in 2 years as part of expansion
Business

OYO Hotels crosses 5 lakh room inventory in China; to invest $100 mn in 2 years as part of expansion

Hospitality firm OYO Hotels and Rooms on Tuesday said it has crossed 5 lakh rooms inventory in China, and plans to invest $100 million in that country in next two years as part of ongoing expansion

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

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

Road to Colombo's Carnage
India

Road to Colombo's Carnage

Islam, Christianity and Colonialism collided with greed in the Indian Ocean, creating an ideological storm that is far from spent. Islam arrived on the island around 9CE, and local monarchs encouraged the traders to marry into the community. But the arrival of European powers in 1505 gave rise to the anti-Muslim hostility