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

SECTOR | 12 Aug 2024

Hotel rates, airfares soar ahead of long Independence Day weekend

Business Standard

According to Cleartrip, the top domestic destinations include Pondicherry, where hotel bookings have spiked 760 per cent, followed by Udaipur, which is seeing a 441 per cent spike in hotel bookings

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

Hotels, Restaurants & Tourism

SECTOR | 12 Aug 2024

OYO founder Ritesh Agarwal invests Rs 830 cr in firm's latest funding round

Business Standard

Besides Agarwal, key contributors in the funding round include InCred Wealth, J&A Partners, the family office of Mankind Pharma promoters and ASK Financial Holdings

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

Hotels, Restaurants & Tourism

SECTOR | 11 Aug 2024

Visitors to Paris museums, restaurants up 25%: France tourism minister

Business Standard

Tourism Minister Olivia Gregoire said that the number of people staying at hotels in French cities hosting Olympic events had risen 16%

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

Hotels, Restaurants & Tourism

SECTOR | 11 Aug 2024

OYO raises Rs 1,457 crore from investors in series G funding round

Business Standard

Oravel Stays Ltd, the parent company of OYO, has raised Rs 1,457 crore from a consortium of investors in the latest funding round, sources said. This fund raise concludes the Series G funding round. The IPO-bound unicorn had earlier raised nearly Rs 1,040 crore and Rs 416.85 crore in the same series. According to different documents accessed by PTI, the additional equity issuance was approved by 99.99 per cent shareholders in an EGM held on August 8. The capital will be used to support OYO's growth and its global expansion plans, sources said. The additional fund raise values the company at the same valuation of USD 2.4 billion, as the first Series G tranche issued to InCred in July, a source said. The investment is being made through Compulsory Convertible Cumulative Preference Shares, each priced at Rs 29, consistent with the valuation of the recent raise in Series G. The funding round includes contributions from InCred Wealth, who led the recent fundraise as well as J&A...