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

SECTOR | 01 Aug 2024

Super 30 founder Anand Kumar to be Honorary Ambassador of Korea Tourism

Business Standard

Super 30 founder Anand Kumar will be 'Honorary Ambassador of Korea Tourism' for 2024. The agreement in this regard was signed by Myong Kil Yun, Regional Director, India & SAARC countries, Korea Tourism Organization (KTO) and Anand Kumar in New Delhi on Wednesday, said a statement issued by Super 30 here on Thursday. "Kumar, who has been quite popular in South Korea due to his pioneering Super 30 initiative, also saw the best-seller book on his life published in Korean language. The popular movie 'Super 30' was also made on the life of Kumar," said Myong Kil Yun. The choice of Kumar as the Honorary Ambassador of Korea Tourism is significant to boost ties with Korea through cultural exchanges and opening avenues for students, said, Myong Kil Yun. Korea has also come up with the Korea Super 30 travel packages to let the young students visit the country without hassles and explore the opportunities and get acquainted with the culture, he said, adding Kumar's pioneering initiative in ..

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

Hotels, Restaurants & Tourism

SECTOR | 31 Jul 2024

Hotels: Sector Update

Hotels, Restaurants & Tourism

IDBI Capital

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

Hotels, Restaurants & Tourism

SECTOR | 27 Jul 2024

Olympic organisers apologise for calling South Korean athletes North Korean

Business Standard

Olympic Games organisers said they deeply apologise for introducing South Korea's athletes as North Korea during the opening ceremony in Paris. As the South Korean athletes waved their nation's flag on a boat floating down the Seine River Friday evening, they were announced in both French and English as the Democratic People's Republic of Korea. South Korea is the Republic of Korea. We deeply apologise for the mistake that occurred when introducing the Korean team during the opening ceremony broadcast, the International Olympic Committee said in a post on X in Korean. The South Korean Ministry of Culture Sports and Tourism Vice Minister Jang Mi Ran requested a meeting with IOC President Thomas Bach over the incident, the ministry said in a statement on Saturday. It said the ministry also asked South Korea's Foreign Ministry to file a strong government-level complaint with the French government. The statement said South Korea's Olympic committee separately asked the organisers of t

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

Hotels, Restaurants & Tourism

SECTOR | 25 Jul 2024

Jordan safe to visit, West's perception a problem: Tourism Minister Queisi

Business Standard

Jordan is facing the brunt of the West's perception of the Middle East being one unit, says Tourism and Antiquities Minister Makram Mustafa A Queisi while stressing that his strong and resilient country is safe to visit notwithstanding the Israel-Hamas conflict. The number of tourists to the country has been steadily declining since the October 7 Hamas attack on Israel last year and the subsequent Israeli invasion of Gaza. The sector contributes 14.6 per cent to Jordan's gross domestic product (GDP) by generating USD 7.3 billion and employs 55,000 people directly, The dip in the number of tourists is what Queisi hopes to address. "Jordan has always been strong and resilient... It is the problem of perception in the West, especially in Europe and the US -- maybe Canada and Australia as well. They look at the Middle East as one unit, Queisi told PTI. If a bullet is fired in the southern part of the Middle East, the eastern part, the western part and the northern part are affected and

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

Hotels, Restaurants & Tourism

SECTOR | 23 Jul 2024, 11:04PM

Infra status for tourism left unrealised

Business Line

The travel and tourism sector represents a vital economic driver. The World Travel & Tourism Council (WTTC) 2024 projects that travel and tourism will contribute almost 21.15 trillion to India's GDP in 2024, a marked 21 per cent improvement compared to 2019.

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

Hotels, Restaurants & Tourism

SECTOR | 23 Jul 2024, 08:00PM

MakeMyTrip posts 12.9 per cent profit growth in Q1

Business Line

MakeMyTrip reports 12.9% increase in net profit to $21 million in Q1 FY 2025, driven by record bookings and revenue

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

MakeMyTrip Q1FY25 results: Net profit jumps 12.9% at $21.0 million

Business Standard | 23 Jul 2024, 05:24PM

Hotels, Restaurants & Tourism

SECTOR | 22 Jul 2024, 07:36PM

19.2 mn foreigners visited India in 2023, up from 1.05 mn in 2021: Govt

Business Standard

A total of 1.92 crore foreign tourists visited India last year, a jump from 10.54 lakh in the pandemic year of 2021, according to the Tourism ministry. Responding to a question in Lok Sabha, Culture and Tourism Minister Gajendra Singh Shekhawat gave data of foreign tourist visits (FTVs) to India from 2021 to 2023. According to the data, 1,92,45,817 foreign tourist visits were recorded in 2023, while the number stood at 85,87,562 in 2022, and 10,54,642 in 2021. Delhi saw a remarkable rise from 1,00,178 FTVs in 2021 to an estimated 18,28,116 FTVs in 2023. Similarly, Goa's foreign tourist arrivals jumped from 22,128 in 2021 to 4,52,692 in 2023. Maharashtra experienced one of the highest increases, with FTVs growing from 1,85,643 in 2021 to an estimated 33,87,739 in 2023. Smaller states and UTs also reported significant growth. The Andaman & Nicobar Islands saw an increase from 1,687 FTVs in 2021 to 9,025 in 2023. Arunachal Pradesh, which had only 182 FTVs in 2021, welcomed 4,496 i

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

Hotels, Restaurants & Tourism

SECTOR | 22 Jul 2024, 04:25PM

Tourism sector witnessed revival, foreign arrivals went up: Eco Survey

Business Standard

Public policy should pay particular attention to boosting the tourism sector, Survey notes

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

Hotels, Restaurants & Tourism

SECTOR | 20 Jul 2024

New Maharashtra tourism policy to attract significant investments: HRAWI

Business Standard

A section of hotel and restaurant owners on Saturday welcomed the Maharashtra government's Tourism Policy 2024, which is aimed at positioning the state as a premier global tourist destination. This progressive framework, aimed at positioning Maharashtra as a premier global tourist destination, is a game-changer for our industry, the Hotel And Restaurant Association (Western India) - HRAWI said in a statement. The policy's strategic initiatives and incentives are set to attract significant investments, HRAWI president Pradeep Shetty said. Additional Floor Space Index (FSI), relaxed building restrictions to expedite projects, capital subsidies, SGST reimbursement, electricity duty exemptions and interest subventions on loans are some of the key requirements of the industry and once implemented, will give a big boost to the state's tourism and hospitality sector, Shetty said. "We eagerly anticipate its effective implementation within the stated objectives and the Ease of Doing Busines

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

Hotels, Restaurants & Tourism

SECTOR | 17 Jul 2024

Six dead in Bangkok's five-star hotel: A case of poison and a missing guest

Business Standard

The locked hotel room in Bangkok's Grand Hyatt Erawan, the untouched room service, and the missing seventh guest have deepened the mystery

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