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

SECTOR | 02 Oct 2025, 06:40PM

Zubeen Garg died swimming in Singapore, not during scuba diving: Report

Business Standard

Singer-musician Zubeen Garg died due to drowning while swimming off a Singapore island and not while scuba diving as reported earlier, media reports said Thursday. Assam-based Garg, who was in Singapore for the 60th year of India Singapore Diplomatic Relations and to celebrate India ASEAN Year of Tourism, North East India Festival, died on September 19. The Singapore Police Force (SPF) said they have extended a copy of the autopsy report, along with its preliminary findings on Garg's death, to the High Commission of India, upon its request, The Straits Times newspaper reported. The Indian High Commission says it has received the report. According to a source, the report says that Garg died due to drowning. The SPF had earlier ruled out foul play in the death of the 52-year-old singer. In the case of Zubeen Garg, a coroner's inquiry could possibly shed light on the sequence of events leading up to his drowning, the Singapore broadsheet quoted Ng Kai Ling, associate director at LIM

Hotels, Restaurants & Tourism

SECTOR | 01 Oct 2025, 12:00AM

Hotels: Sector Update

Hotels, Restaurants & Tourism

IDBI Capital

In our monthly Hotels update we have summarized key events of the domestic hotel industry, new hotels signing/addition by key players during the month and pricing trend of key cities for September, 2025. We have analyzed pricing of 171 hotels with ~33,000 keys across 8 cities to understand the trend over last 24 months (Exhibit 1-8). The industry witnessed yet another month of improved ADR. Though it is a seasonal phenomenon of firming up ADRs on the onset of festive, we anticipate better than expected ADR growth, primarily supported by domestic travel boost and wedding season. The ADR growth was impressive on lower price bracket in select markets...

Hotels, Restaurants & Tourism

SECTOR | 30 Sep 2025

OYO-owned Innov8 revenue rises 58% to 38 cr in Apr-Jun

Business Line

During 2024-25 fiscal, Innov8 revenue surged to 123 crore from 75 crore in the preceding year. EBITDA also improved to 70 crore from 47 crore

OYO-owned Innov8 revenue jumps 58% to 38 crore in June quarter

Business Standard | 30 Sep 2025

Hotels, Restaurants & Tourism

SECTOR | 30 Sep 2025

Thomas Cook share price increases 3% on inking deal with Tourism Ministry

Business Standard

Thomas Cook shares gained in trade after the company signed a Memorandum of Understanding (MoU) with the Ministry of Tourism, in a strategic move to strengthen the domestic tourism ecosystem.

Hotels, Restaurants & Tourism

SECTOR | 29 Sep 2025

Tourism in Ladakh suffers as Leh remains under curfew following clashes

Business Standard

Ladakh's tourism sector, already reeling from setbacks earlier this season, has been dealt another blow with the curfew in Leh following last week's violence. Stakeholders said the industry was first hit by widespread cancellations after the April 22 Pahalgam terror attack in Jammu and Kashmir, and the fresh disturbances have further dented travellers' confidence. An indefinite curfew was imposed in Leh town on September 24 following clashes during a shutdown called by a constituent of Leh Apex Body, which has been spearheading an agitation for statehood and the extension of Sixth Schedule to Ladakh. Four people were killed and over 150 others injured in the violence. Barring a four-hour relaxation in two phases on Saturday afternoon, the town remained under strict curfew for the sixth consecutive day on Monday with mobile internet services suspended. This has triggered booking cancellations and caused hardships to tourists and local stakeholders. "The cancellation of advance booki

Hotels, Restaurants & Tourism

SECTOR | 27 Sep 2025

Mumbai airport sees over 5 million international arrivals in Jan-Aug: MIAL

Business Standard

Chhatrapati Shivaji Maharaj International Airport in the city has handled over 5 million international arrivals in the January-August period this year, primarily driven by passengers from the UAE, UK, and Thailand, private airport operator MIAL said on Saturday. The facility has witnessed the international arrivals at the airport clocking a compound annual growth rate (CAGR) of 21 per cent in the past three years, reflecting the city's ever-burgeoning prominence on the global travel map and echoing the spirit of World Tourism Day that celebrates the power of travel in connecting cultures and economies, it added. Every year, September 27 is observed as World Tourism Day globally. Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) is run under a joint venture, Mumbai International Airport Ltd (MIAL), which is 74 per cent owned by the Adani Group and the remaining 26 per cent by the Airports Authority of India. Between January and August this year, arrivals rose steadi

Hotels, Restaurants & Tourism

SECTOR | 27 Sep 2025

World Tourism Day 2025: Theme, History, Significance, How To Celebrate, And More

NDTV Profit

Here's all you need to know about World Tourism Day 2025

Hotels, Restaurants & Tourism

SECTOR | 26 Sep 2025

Hyatt ranks India among top three global growth markets after US, China

Business Standard

Hyatt Hotels will add over 10 hotels annually in India, targeting 150 in five to six years, as it brings new global brands and expands into branded residences

Hotels, Restaurants & Tourism

SECTOR | 23 Sep 2025

MakeMyTrip elevates Mohit Kabra as Group COO, appoints Dipak Bohra CFO

Business Line

The reshuffle reflects the travel platform's focus on scalable growth, institutional leadership, and market expansion as it strengthens its leadership structure.

Hotels, Restaurants & Tourism

SECTOR | 22 Sep 2025

MakeMyTrip inks pact with Vietnam's Sun Hospitality to expand offerings

Business Standard

The tie-up comes as Vietnam emerges among the fastest-growing destinations for Indian tourists, driven by rising demand and easier visa access