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

SECTOR | 12 Dec 2024, 12:34PM

Senior YSRCP leader quits citing personal reasons, flags 'lack of respect'

Business Standard

Senior YSRCP leader and former Andhra Pradesh minister M Srinivasa Rao (Avanti) on Thursday resigned from the YS Jagan Mohan Reddy-led party, citing 'personal reasons', even as he alleged there was no respect for functionaries and cadres in the organisation. Besides resigning from the party, the former Tourism minister also withdrew from his responsibilities of overseeing YSRCP's affairs in Bheemili Assembly constituency. "As I have decided to stay away from politics due to personal reasons, I am resigning from the YSRCP and Bheemili constituency in-charge responsibilities," Rao said in his resignation letter to party chief Reddy. He thanked the former chief minister for the opportunities bestowed on him. Further, the education tycoon alleged there was no respect for YSRCP leaders and cadres, both politically and financially, in the opposition party. According to Rao, YSRCP party leaders and activists have suffered and endured a lot in the past five years. He added that asking th

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

Hotels, Restaurants & Tourism

SECTOR | 12 Dec 2024, 11:43AM

As tourists discover Finland's Santa Village, locals call for crowd control

Business Standard

Shuffling across icy ground on a cold December afternoon, lots of tourist groups poured into Santa Claus Village, a winter-themed amusement park perched on the edge of the Arctic Circle. They frolic in the snow, take a reindeer sleigh ride, sip a cocktail in an ice bar or even meet Saint Nick himself in the capital of Finnish Lapland, Rovaniemi, which happily calls itself the official hometown of Santa Claus." The Santa Claus Village theme park, which attracts more than 600,000 people annually, is especially popular during the holiday season. This is like my dream came true, beamed Polish visitor Elzbieta Nazaruk. I'm really excited to be here. Tourism is booming in Rovaniemi which has hotel and restaurant owners, as well as city officials, excited as it brings lots of money to the town. However, not everyone is happy about the onslaught of visitors, 10 times the town's population, each year at Christmas time. We are worried about the overgrowth of tourism. Tourism has grown so .

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

Hotels, Restaurants & Tourism

SECTOR | 12 Dec 2024, 12:40AM

'Chai and samosas': US hotels welcome Indian tourist boom to revive revenue

Business Standard

Nearly 1.9 million Indian tourists visited the U.S. in the first ten months of 2024, a nearly 48% rise from 2019, according to data from the U.S. National Trade and Tourism Office (NTTO)

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

Hotels, Restaurants & Tourism

SECTOR | 11 Dec 2024

1st India-Nepal Tourism meet held in Kathmandu to promote Mahakumbh 2025

Business Standard

The event organised with an aim to create B2B connections to foster implementation of circuit tourism between India and Nepal

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

Hotels, Restaurants & Tourism

SECTOR | 10 Dec 2024

OYO Will Build Global Back Office In Jaipur, Says Co-Founder Ritesh Agarwal

NDTV Profit

OYO's Jaipur-based global back office will support operations in the US and Europe, highlighting the city's growing role in the company's international strategy.

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

Hotels, Restaurants & Tourism

SECTOR | 05 Dec 2024

Moody's upgrades Oyo parent Oravel Stays rating; maintains stable outlook

Business Standard

Moody's Ratings has upgraded the corporate family rating (CFR) of Oravel Stays Limited -- travel tech platform OYO's parent firm -- and the rating on the senior secured term loan issued by its wholly-owned subsidiary OYO Singapore to B2 from B3, and maintained the stable outlook. In a statement on Wednesday, Moody's said it has assigned a B2 rating to the USD 825 million senior secured term loan facility to be availed by Oravel Stays Singapore Pte. (OYO Singapore). The term loan is fully underwritten by Deutsche Bank. Elaborating upon the rating rationale, Moody's said OYO is in the process of securing a new five-year USD 825 million term loan, which together with the USD 174 million of primary equity capital raised between June and August 2024, will be used to repay its existing TLB that matures in June 2026, easing its refinancing pressures. The proceeds will also fund the company's proposed USD 525-million acquisition of US-based hotel chain Motel 6. OYO's interest expense will

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

Hotels, Restaurants & Tourism

SECTOR | 04 Dec 2024

OYO group's premium hotel brand 'SUNDAY' opens first properties abroad

Business Line

The initiative is a part of OYO's ongoing efforts to strengthen its premium property portfolio across the globe, the company stated

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

Hotels, Restaurants & Tourism

SECTOR | 03 Dec 2024

Hoax Bomb Threat to Taj Mahal Received by Uttar Pradesh Tourism Office

NDTV Profit

According to Deepti Vatsa, deputy director of Uttar Pradesh Tourism, The email regarding the bomb threat was immediately forwarded to Agra Police and ASI, Agra circle for action.

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

'Threatening to blow up the..': Taj Mahal receives bomb threat, police investigate email warning

Business Today | 03 Dec 2024

Hotels, Restaurants & Tourism

SECTOR | 03 Dec 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 | 29 Nov 2024

Indian stock market could be bottoming out after crash, says Chris Wood

Business Standard

As an investment strategy, Wood has taken exposure in the US-listed online travel company MakeMyTrip in the India long-only portfolio with a 4 per cent weighting

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