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

SECTOR | 27 Oct 2024

Hyatt Hotels Corporation targets 100 hotels milestone in India over next 5-6 years

Business Line

The company is also actively exploring opportunities to introduce additional global brands from Hyatt's portfolio to India'

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hyatt Hotels plans to reach 100 properties in India within 5-6 years

Business Standard | 27 Oct 2024

Hotels, Restaurants & Tourism

SECTOR | 25 Oct 2024

The Four Most Underrated Vacation Spots In Mexico

NDTV Profit

Discover the allure of Mexico's hidden treasures, including the colonial charm of Campeche and the natural beauty of Bacalar, as tourism expands beyond Cancn.

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 24 Oct 2024

Oyo Q2 results: Net profit at Rs 158 cr, revenue surges to Rs 1,578 cr

Business Standard

Travel tech platform OYO achieved a profit after tax of Rs 158 crore in the second quarter of the current fiscal ended September, Founder Ritesh Agarwal told employees in a townhall on Thursday, sources said. Oravel Stays Ltd, the parent company of OYO, had posted a loss of Rs 50 crore in the same period of the previous year. During the first quarter, OYO's profit after tax stood at Rs 132 crore. This brings the company's H1 FY25 net profit to Rs 290 crore (USD 35 million), marking a turnaround from the Rs 91 crore net loss reported in the same period of the previous fiscal, the sources said. In Q2 FY25, OYO's revenue surged to Rs 1,578 crore, from Rs 1,413 crore in Q1. OYO recently announced its acquisition of G6 Hospitality, a US-based economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone.

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 24 Oct 2024

Karnataka Mulls Relaxing Alcohol Sale Norms On Beaches To Boost Tourism

NDTV Profit

The tourism department is also contemplating the installation of additional lights along the coast to encourage beachside nightlife.

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 23 Oct 2024

MakeMyTrip Q2 revenue grows 26.5%

Business Line

Net profit for the quarter was $17.9 million compared to $2 million in same period lastyear

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

MakeMyTrip Q2FY25 results: Profit jumps seven-fold to $17.9 million

Business Standard | 23 Oct 2024

Hotels, Restaurants & Tourism

SECTOR | 22 Oct 2024

Germany expects 10% rise in Indian tourist arrivals in 2025: GNTB

Business Standard

Germany is eyeing a 10 per cent increase in the Indian tourist influx into the European nation next year, an official said on Tuesday. The German National Tourism Board (GNTB) expects the Indian tourists to clock one million (10 lakh) overnight stays in Germany this year itself. "I am quite hopeful that we will reach 1 million overnight stays this year (by Indian tourists) and an additional 1 lakh nights next year so an additional 10 per cent (in 2025)," Petra Hedorfer, CEO of GNTB, said. According to estimates, about 1.75 lakh Indian tourists visited Germany from January to July this year, spending about 5,23,076 overnight stays in the country. The number of Indian tourists who visited Germany in 2023 stood at over 2.32 lakh. "We are expecting a 10 per cent-plus for next year from your market," she said when asked about the likely influx of Indian tourists in 2025. The flow of travellers from India to Germany has been growing steadily for many years. Post-pandemic, Indian tourist

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 20 Oct 2024

Hyatt Hotels launches new luxury venue in Mumbai to boost banquet revenue

Business Standard

The sluggish growth in foreign tourist arrivals has not impacted Hyatt Hotels, thanks to the surge in demand from domestic tourists

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 19 Oct 2024

Goa's Colva beach to get infra boost under Swadesh Darshan scheme: Minister

Business Standard

The Colva beach in South Goa is set to undergo comprehensive infrastructure development under the Swadesh Darshan Scheme 2.0, a state minister has said. The project aims to enhance the visitor experience while preserving the local environment and supporting the livelihoods of local residents, state Tourism Minister Rohan Khaunte said on Friday. The minister along with local MLA Venzy Viegas, Margao legislator Digamber Kamat and other stakeholders inspected the Colva beach on Friday. Talking to reporters later, Khaunte said the first phase of the project is set to commence after January 5, next year. It will focus on resolving the critical infrastructure issues while ensuring minimal disruption to the daily operations of local vendors and businesses, he said. "This initiative is part of a larger commitment of the Goa government to promote sustainable tourism and enhance the state's cultural and natural attractions. World-class amenities will be provided under the project, while als

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Wedding industry holds potential to push economic growth: Tourism minister

Business Standard | 18 Oct 2024

Hotels, Restaurants & Tourism

SECTOR | 18 Oct 2024

Hyatt Hotels sees double digit growth in India, eyes new markets for growth

Business Line

It has been a slow performer in terms of number of properties, rooms and market presence in comparison with Indian and global peers

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.

Hotels, Restaurants & Tourism

SECTOR | 18 Oct 2024

Nitin Gadkari Highlights Infrastructure Development's Role in Boosting Tourism and Job Creation

NDTV Profit

The minister expressed strong support for the hospitality sector and added it provides vast employment opportunities and is crucial to economy.

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 04 Sep, 2025.