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

SECTOR | 23 Jul 2024

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.

Hotels, Restaurants & Tourism

SECTOR | 23 Jul 2024

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

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

Business Standard | 23 Jul 2024

Hotels, Restaurants & Tourism

SECTOR | 22 Jul 2024

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

Hotels, Restaurants & Tourism

SECTOR | 22 Jul 2024

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

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

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

Hotels, Restaurants & Tourism

SECTOR | 14 Jul 2024

Looser Visa Rules For Indian Travelers Stoke A Tourism Boom

NDTV Profit

The country of 1.4 billion is poised to be the No. 4 source of tourist spending by 2030.

Hotels, Restaurants & Tourism

SECTOR | 12 Jul 2024

OYO's co-working firm Innov8 inaugurates three centers in Delhi-NCR region

Business Standard

Co-working firm Innov8 has started three new facilities with over 600 sitting capacity in Delhi-NCR at an investment of Rs 10 crore as part of its expansion plan amid a rise in demand for flexible workspace. These three facilities, having a total of 60,000 square feet area, are located at Unitech Cyber Park, DLF Cyber City and Okhla in Delhi-NCR, the company said in a statement. "Delhi NCR's thriving startup ecosystem and its position as a major corporate hub make it an ideal location for our latest co-working spaces," Ritesh Malik, Founder of Innov8, said. Innov8, which was acquired by OYO in 2019, has invested Rs 10 crore towards the development of these co-working centres. Founded in 2015, Innov8 is currently spread across nine cities - Delhi, Gurugram, Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Hyderabad, and Indore - with over 30 centres hosting more than 8,000 employees of its clients. Currently, the company has seven centres in Delhi-NCR.

Hotels, Restaurants & Tourism

SECTOR | 08 Jul 2024

Travel & Tourism

Hotels, Restaurants & Tourism

Prabhudas Lilladhar

Hotels, Restaurants & Tourism

SECTOR | 04 Jul 2024

Whiteland Ties Up With Marriot International For Rs 5,600-Crore Housing Project

NDTV Profit

The hospitality brand will be a service provider for the 20-acre project, which will be developed in two phases.