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

SECTOR | 23 Jan 2025

Nepal hikes Everest climbing fee to $15,000, brings new pollution measures

Business Standard

Nepal has sharply increased permit fees for climbing Mount Everest by 36 per cent and also introduced a slew of measures aimed at controlling garbage pollution on the world's tallest peak, officials said. Under the revised mountaineering regulations, the royalty fee for foreigners climbing Everest from the normal south route in the spring season (March-May) has been raised to USD 15,000 from the current USD 11,000 per person. The autumn season (September-November) climbing fee has increased from USD 5,500 to USD 7,500. At the same time, the permit cost per individual for the winter (December-February) and monsoon (June-August) seasons has risen from USD 2,750 to USD 3,750. A Cabinet decision to this effect has already been made, though the official announcement is yet to come, said Arati Neupane, Director of the Tourism Board. The new fees for climbing the 8848.86-metre peak will come into effect from September 1, 2025, she added. The revised regulations, approved by the Cabinet w

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

Oyo plans to add 500 hotels in religious hubs across states in 2025

Business Standard | 22 Jan 2025

Hotels, Restaurants & Tourism

SECTOR | 18 Jan 2025

Elon Musk calls India ancient and great civilisation,' OYO founder Ritesh Agarwal shares insights from SpaceX event

livemint

Elon Musk welcomed top Indian entrepreneurs, including OYO founder Ritesh Agarwal, at SpaceX's Starbase. He praised India's ancient civilization and expressed enthusiasm for US-India relations. The event included vegetarian cuisine and SpaceX chopsticks.

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

Hotels, Restaurants & Tourism

SECTOR | 15 Jan 2025

Goa Tourism Development Corporation Pays Rs 45 Lakh Dividend To State Govt

NDTV Profit

Talking to reporters, Gaonkar said the GTDC has given dividend to the government for two consecutive years.

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

Hotels, Restaurants & Tourism

SECTOR | 13 Jan 2025

UP authorities halve helicopter ride price to Rs 1,296 over Maha Kumbh

Business Standard

A helicopter joyride of Maha Kumbh has now been slashed by more than half to Rs 1,296 per person, according to an official statement. Tourism and Culture Minister Jaiveer Singh in statement said the 78 minute helicopter ride will begin on January 13. "Helicopter joyride of Maha Kumbh will now cost Rs 1,296 per person from the earlier fare of Rs 3,000 rate," the statement said. The ride will give tourists an aerial view of the grand Maha Kumbh area, soaring above Prayagraj city. The joyride can be booked online through www.upstdc.co.in and will be facilitated by Pawan Hans, an undertaking of the Government of India. The rides will operate "continuously" depending on weather, the statement said. The UP Tourism and Culture Department has also made preparations for water and adventure sports at the fair site. From January 24 to 26, a drone show will take place, along with a water laser show and other activities. Renowned artists from across the country will perform during the exten

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

1.5 mn foreign tourists expected at Maha Kumbh: Union Minister Shekhawat

Business Standard | 12 Jan 2025 1 more

Hotels, Restaurants & Tourism

SECTOR | 12 Jan 2025

Travel companion platform Hoi plans expansion to 25 airports in 5 years

Business Line

The company will focus on enhancing its services at existing airports and onboarding additional airports'

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

Hotels, Restaurants & Tourism

SECTOR | 12 Jan 2025

Madhuri Dixit, Gauri Khan among celebs to buy OYO shares in recent months

Business Standard

Actors Madhuri Dixit, Amrita Rao, and Bollywood producer Gauri Khan are among celebrities who bought shares of travel tech platform OYO over the past few months. Gauri Khan bought 2.4 million shares of OYO during the recent Series G funding round concluded in August 2024 where the company raised over Rs 1,400 crore from a consortium of investors, sources told PTI. An email to Khan's team seeking a comment remained unanswered. Of late, there is a growing trend of actors and celebrities diversifying their investment bets into high-growth startups aiming for handsome returns once these companies go public. "Madhuri Dixit, her husband Dr Sriram Nene, along with Dr Ritesh Malik, the clinician doctor, founder of flex space company Innov8, founding member of Plaksha University, and angel investor have bought 2 million shares of OYO at an undisclosed valuation", the company said in a statement. Another Indian celebrity couple Amrita Rao and her husband Anmol Sood, a popular radio jockey,

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

Hotels, Restaurants & Tourism

SECTOR | 11 Jan 2025

Everyone should act in combating global warming: Union minister Shekhawat

Business Standard

Union Culture and Tourism minister Gajendra Singh Shekhawat on Saturday said every human being should not act as the "owner" of this planet but act as its "custodian". After inaugurating a climate change gallery titled 'On the Edge' at Science City, Kolkata, Shekhawat said climate change has turned up to be a big issue for the entire world and every citizen as a stakeholder should play his role, not only whistleblower scientists. He said the time has come when one should stop presuming that issues like carbon emission, rise in sea level, extreme weather conditions will not affect him individually in his lifetime but are merely academic issues flagged by scientists and reports in media. "We have to behave with responsibility. Climate change is a big issue for the entire world, when discussion about the greenhouse effect and global warming began 25 years back, many might have thought its effect will be in specific areas. "That notion was belied. Those living in cold regions should no

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

Record 71.7% increase in Indian tourists visiting Malaysia in 2024

Business Standard | 11 Jan 2025 1 more

Hotels, Restaurants & Tourism

SECTOR | 10 Jan 2025

CBI names Diageo, Sequoia Capital in case alleging suspicious payments

Business Standard

The agency said Diageo suffered a huge loss from the 2005 embargo on its products by the India Tourism Development Corp, a firm majority-owned by the government that had a monopoly