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

SECTOR | 27 Aug 2024

Surge in demand of 'Visa at Your Doorstep' among UK travellers to India

Business Standard

There has been a significant surge in demand for the "Visa at Your Doorstep service amid a growing number of UK visitors choosing India as a travel destination, visa facilitation service VFS Global said on Tuesday. According to the latest Ministry of Tourism statistics, Britain featured among the top three source countries for foreign tourist arrivals making up a 9.82 per cent share between January and June this year. It comes as overall foreign tourist arrivals to India increased by around 64 per cent compared to previous years. The Visa at Your Doorstep (VAYD) service has recently experienced a significant surge in demand, said Anirudh Singh, COO of Europe and CIS region at VFS Global the technology services provider for governments and diplomatic missions, including the Indian mission in the UK. "The demand for convenient and personalised services is rising, and our VAYD service is perfectly positioned to meet this growing need. Equipped with mobile kits for biometric capture, o

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

Hotels, Restaurants & Tourism

SECTOR | 27 Aug 2024

Media misleading public perception of film industry, says Suresh Gopi

Business Standard

Union Minister Suresh Gopi on Tuesday lashed out at the media, accusing it of misleading the public's perception about the film industry regarding the recent allegations of sexual harassment against actors and directors. The actor-politician termed the allegations as "food" for the media and said they were welcome to make money out of it. The Union Minister of State for Petroleum, Natural Gas and Tourism, however, said they should not try to destroy such a huge industry like cinema. He was responding to reporters' queries over the recent allegations of sexual harassment and abuse against various directors and actors, including CPI(M) MLA M Mukesh. "This is all food for you, is what I understand. You can use it to make money. (There is) no problem with that. But these issues are before the court, and it has the intelligence and logic to arrive at a decision regarding them. "You (media) are not only making people fight each other for your own gains, you are also misleading public ..

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

Hotels, Restaurants & Tourism

SECTOR | 26 Aug 2024

Seoul welcomes Super 30 famed, Ambassador of Korean Tourism Anand Kumar

Business Standard

The function, where Kumar was felicitated took place at the Korea Tourism Organisation (KTO) headquarters in Segye-ro, Wonju-si, Gangwon State on August 23

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

Hotels, Restaurants & Tourism

SECTOR | 25 Aug 2024

Indian-American entrepreneur Arun Agarwal named VC of Texas economic body

Business Standard

Texas Governor Greg Abbott has appointed Dallas-based Indian American entrepreneur Arun Agarwal as the vice chairman of the Texas Economic Development Corporation's (TEDC) board of directors. A key public-private partnership with the Governor's Office of Economic Development and Tourism, TEDC is responsible for marketing Texas as the top US state for business, both domestically and globally, according to a statement from the Governor's office. It said that this appointment underscores Texas's commitment to diversity and highlights the growing influence of Indian American leaders in major economic roles. Agarwal's extensive experience in business, philanthropy, and international relations is expected to further elevate Texas's standing as a global economic powerhouse, the statement said. As the CEO of Nextt, Agarwal oversees a diverse portfolio that spans textiles, cotton trading, real estate, and sports management. He is also the chairman of the National Cricket League (NCL), USA,

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

Hotels, Restaurants & Tourism

SECTOR | 24 Aug 2024

Kerala Tourism developing Muzhappilangad Beach in Kannur as next big tourist destination in state

Business Line

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

Hotels, Restaurants & Tourism

SECTOR | 24 Aug 2024

Hawaii's Big Island under storm warning as Hone approaches with rain, wind

Business Standard

Tropical Storm Hone is expected to whip gusts and drop rain on the southern edges of Hawaii this weekend, potentially inflicting flooding and wind damage on the Big Island and raising the risk of wildfires on the drier sides of the islands. The National Weather Service has issued a tropical storm warning for Hawaii County, which includes all of the Big Island and a red flag warning for the leeward sides of all islands. Hone, which means sweet and soft in Hawaiian, will likely gradually strengthen and become a strong tropical storm as it passes south of the islands Saturday and Sunday, the National Weather Service said. It's expected to become a Category 1 hurricane for a 12-hour period on Sunday but will likely be past the Big Island by that point, said Laura Farris, a weather service meteorologist in Honolulu. The Hawaii Tourism Authority told travellers it's still safe to come to the islands but recommended that people postpone outdoor activities. We are not advising visitors to

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

Hotels, Restaurants & Tourism

SECTOR | 23 Aug 2024

Hong Kong expects to double Indian footfalls this year with events lined-up

Business Standard

Hong Kong is expecting to double the number of Indian travellers this year with a line-up of festivals and events to boost tourism, a top executive of HK Tourism Board has said. Last year, 2,08,000 Indians travelled to Hong Kong. "We want to double this number this year and have many festivals and events lined up to boost tourism this year. In the first half of 2024, Hong Kong welcomed 1,81,000 visitors from India, which is 89 per cent of the pre-Covid time," Hong Kong Tourism Board Director, South Asia and Middle East, Puneet Kumar told PTI. Looking at this growth in momentum, the HK Tourism Board is hoping to cross the pre-Covid (2018) level of tourist arrivals this year, he added. Hong Kong Tourism Board takes 2018 as the benchmark for pre-Covid times as in 2019, the tourism industry almost came to a standstill with cancellation of hundreds of flights as the country saw protests against the Hong Kong government's introduction of a bill to amend the Fugitive Offenders Ordinance w

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

Indian tourists flocking to Oman, arrivals up 70% at 600k: Al Busaidi

Business Standard | 22 Aug 2024, 07:10PM

Hotels, Restaurants & Tourism

SECTOR | 19 Aug 2024

Kochi to host Robotics Round Table on August 23

Business Line

The State Industries Minister P Rajeeve will inaugurate the event at Grand Hyatt, and experts from various parts will lead discussions on what Kerala can expect to become a hub for robotics technology

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

Hotels, Restaurants & Tourism

SECTOR | 14 Aug 2024

OYO Q1 result: Firm posts 1st-ever profit of Rs 229 cr, eyes expansion

Business Standard

The company's total costs decreased by about 13 per cent to Rs 4,500 crore in FY24 from Rs 5,207 crore in the previous year

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

Hotels, Restaurants & Tourism

SECTOR | 12 Aug 2024

Thomas Cook launches AI-powered platform to drive sales growth, enhance customer engagement

Business Line

Travel companies turn to AI to boost performance, ixigo and MakeMyTrip jump on the bandwagon

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