HBIZ - Hospitality Biz India: Latest News & Analysis
WEB3 days ago — Wow Momo Eyes IPO in Two Years, Plans to Double Revenue and Expand to 1,000 Stores. HBI Staff | Hyderabad. September 28, 2024. 26. National Restaurant Association of India (NRAI) announces Sagar Daryani, Co-Founder, Wow! Momo Foods as its new President. HBI Staff | Hyderabad.
Marriott International and Prestige Group Announce Plans for The …
WEB15 hours ago — Marriott International, Inc., today announced a signed agreement with Prestige Falcon Realty Ventures Private Limited to open The Mumbai EDITION.Expected to debut in 2028, The Mumbai EDITION will mark the brand’s first property in India, establishing a new benchmark for luxury hospitality in the region.
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 ...
Indian Hospitality Sector Sees Strong Growth, Expected to Add …
WEB4 days ago — The hospitality sector is experiencing an upcycle, driven by strong domestic demand and favorable demographics, despite a decline in international tourist inflows. With supply trailing demand, investments in infrastructure and connectivity are on the rise, pushing average revenue per room (RevPAR ...
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.
HAI Partners with Top Hotel Groups to Revolutionise Hospitality ...
WEB1 day ago — 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 New Delhi, where Vice President Jagdeep Dhankhar was the ...
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, …
Redefining Indian hospitality, the TECH way
WEBJun 6, 2024 — Technology has remodeled the way in which a hotel functions and continues to redefine guest experience. Hospitality Biz takes a look at the aspects of technology that enable hoteliers ‘ operational and business efficiencies and what its future beholds.. In today’s digital age, embracing technology is no longer a luxury, but a necessity for the Indian hospitality businesses to flourish.
Hospitality Biz India: Latest News & Analysis
WEBHomegrown Hot Condiments Brand Kaatil Secures Seed Funding in Undisclosed Amount. September 27, 2024. An Indian-chilli-focused hot condiments brand of Smerc Food & Beverages Kaatil, raised an undisclosed amount in seed funding. The funding was led by Mumbai-based Prajay Advisors along with Shivaan Ghai and Romil Ratra from Mumbai’s.
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).