Sector Hotels, Restaurants & Tourism - Latest news, views and updates

SECTOR | 27 Aug 2025

Bengal attracted 5,710 cr private investment in tourism last year, leads in homestays: Official

Business Line

The state government is working on multiple projects to boost tourism, with a focus on river tourism, luxury stays and cultural experiences, says State Tourism Minister Indranil Sen

Hotels, Restaurants & Tourism

SECTOR | 25 Aug 2025

Carving a niche: Valley's remote hamlet on way to become home to Craft Tourism Village

Business Line

For generations, families in Sonpah have practisedSozni,a fine needle-point embroidery renowned for adorning Kashmiri shawls, but many complain their painstaking work earns little in today's market, undercut by cheaper machine-made imitations

Hotels, Restaurants & Tourism

SECTOR | 25 Aug 2025

Oyo likely to file DRHP in November, targets $7-8 bn IPO valuation

Business Standard

Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a USD 7-8 billion valuation for its IPO, sources said. The company is expected to approach its board with the proposal next week, people familiar with the matter told PTI. When reached out, a company spokesperson said, "While we cannot comment on any timelines related to OYO's DRHP or IPO related plans, since it's a decision that will be guided by OYO's Board of Directors and will be solely at their discretion. For now, OYO continues to evaluate a range of strategic options to drive value for its stakeholders". According to sources, discussions with key banking partners have ramped up in recent weeks, with valuation guidance now pegged at USD 7-8 billion ( around Rs 70 per share), potentially in the range of 25-30 times the EBITDA. "The filing with regulators is being considered for November. Over the past few months, SoftBank has engaged with banks such as Axis, Citi, Goldman Sach

OYO to file DRHP in November, targets $7-8 billion IPO valuation: Sources

Business Line | 25 Aug 2025 1 more

Hotels, Restaurants & Tourism

SECTOR | 25 Aug 2025

Kerala Tourism's meme-led-makeover to woo gen next

Business Line

How the State tourism's ad agency Stark Communications changed the narrative to appeal to a young, global, crossover audience

Hotels, Restaurants & Tourism

SECTOR | 21 Aug 2025

From free air tickets to films, tourism boards woo the aspirational Indian traveller

Business Line

While Tourism Australia unveiled its Come and say G'day' marketing campaign in Mumbai on Wednesday, Thailand announced a plan to offer free domestic flight tickets to 200,000 tourists

Hotels, Restaurants & Tourism

SECTOR | 21 Aug 2025

Emaar Entertainment appoints MakeMyTrip as India partner for Dubai's iconic attractions

Business Line

This collaboration brings Emaar's portfolio to MakeMyTrip's newly launched Tours & Attractions platform, giving Indian travellers the convenience of discovering and booking these experiences directly in Indian rupees, the company said in a statement.

Hotels, Restaurants & Tourism

SECTOR | 18 Aug 2025

MakeMyTrip charts global expansion route, boosts corporate travel focus

Business Standard

Cofounder says growth driven by three engines: Customers, artificial intelligence, and supply

Hotels, Restaurants & Tourism

SECTOR | 16 Aug 2025

Top hospitality chains eye eco-tourism resort projects in Andaman islands

Business Standard

Top hospitality companies, including Tata group's IHCL and Hyatt Hotels Corp, have shown interest in developing eco-tourism resorts at four locations in Andamans, including the uninhabited Aves Island, which will be opened for tourism for the first time, officials said on Saturday. The eco-tourism properties will be developed on a public-private partnership (PPP) basis at Neil Island, Aves Island, Long Island and Smith Island. Besides, the administration is also looking to redevelop the Megapode Resort in Port Blair, they said. The Andaman & Nicobar Islands Integrated Development Corporation Ltd (ANIIDCO) on July 28 invited bids for developing the resorts on a design, build, finance, operate and transfer basis, they added. A virtual pre-bid meeting was held on August 14, and it was attended by officials of some of the biggest players of the sector, including The Leela, Indian Hotels Company Limited (IHCL), Club Mahindra, Hyatt Hotels Corp, Ambuja Neotia Hospitality, Chalet Hotels,

Hotels, Restaurants & Tourism

SECTOR | 14 Aug 2025

HAI introduces mentorship platform for hospitality sector

Business Line

The initiative aims to hone and nurture 1 lakh hotel leaders to support India Tourism Vision 2047

Tourism minister urges collective action to clock 20 million FTAs

Business Standard | 13 Aug 2025

Hotels, Restaurants & Tourism

SECTOR | 13 Aug 2025

Independence Day long weekend: Hotel occupancy, room rates set to surge

Business Standard

Hotel occupancy rates and room tariffs are set to rise this Independence Day long weekend as travellers across India head to various destinations, major industry players said. Rajesh Magow, Co-founder and Group CEO, MakeMyTrip told PTI, Independence Day has emerged as a key travel occasion over the years. "This year too, the search and booking trends point to strong intent to travel over the Independence Day weekend. With Independence Day on a Friday, travel demand appears to be peaking two days earlier, on Wednesday (13 August), giving early travellers a five-day window," he shared. According to him, the top trending domestic destinations are Goa, Udaipur, Jaipur, Puri, Lonavala, Varanasi, Coorg, Mahabaleshwar, Ooty and Pondicherry, while the leading international destinations are Pattaya, Bali, Bangkok, Singapore, Dubai, Phuket, Colombo, Kuala Lumpur, Zurich and London. Puneet Chhatwal, MD and CEO of Indian Hotels Company Limited (IHCL), the country's biggest hospitality firm, wh