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

SECTOR | 01 May 2025

Police launch investigation into Dilli Haat fire that gutted over 30 shops

Business Standard

The Delhi Police said it has launched an investigation into the fire that broke out at Dilli Haat in south Delhi's INA area in which at least 30 shops were gutted. Police will examine CCTV footage from multiple areas to determine the cause of the fire on Wednesday night, an official said. No casualties were reported. "We have launched a detailed investigation into the fire incident that took place at Dilli Haat. We have formed multiple teams," said a senior police officer. The officer said police are also verifying the response time of the fire teams that rushed to the location. A massive fire broke out at Dilli Haat, a popular market in INA area, gutting over 30 shops and destroying items worth several crore rupees. Thirteen fire tenders had to be deployed to control the fire. Delhi Tourism Minister Kapil Mishra also rushed to the spot to take stock of the situation.

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 01 Oct, 2025.

Massive fire at Dilli Haat-INA market guts several stalls, no casualties

Business Standard | 30 Apr 2025

Hotels, Restaurants & Tourism

SECTOR | 26 Apr 2025

Delhi Literature Festival 2025 to begin on May 2 at Bikaner House

Business Standard

The 13th edition of the Delhi Literature Festival (DLF) will begin on May 2 at Bikaner House bringing together a gathering of political leaders, renowned authors, and cultural figures. The three-day festival, themed "Delhi Writes: Voices, Visions and Verses," will run until May 4, DLF said in a statement. Union Minister for Culture and Tourism Gajendra S Shekhawat will inaugurate the festival. Delhi Chief Minister Rekha Gupta, Speaker of the Delhi Assembly Vijender Gupta, Cabinet Minister for Culture and Tourism Kapil Mishra, NDMC Chairman Keshav Chandra, and Tim Curtis, Director and Representative of UNESCO India are slated to attend the opening day. This year's edition will feature a strong political and intellectual presence, with sessions such as "Demography, Dialogue and Development" led by Member of Parliament Bansuri Swaraj, and a special conversation, "Flowing Through Time: Healing The Yamuna," featuring Delhi Minister Parvesh Sahib Singh. Political commentator and author

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 01 Oct, 2025.

Hotels, Restaurants & Tourism

SECTOR | 23 Apr 2025

Pahalgam Attack Casts Shadow On Kashmir's Tourism Boom, Experts Warn Of Economic Setback

NDTV Profit

The Pahalgam attack aims to "sabotage Kashmir's 7.8% GDP growth", one of the analysts said.

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 01 Oct, 2025.

Have asked for hassle-free refunds to tourists: Tourism Min Shekhawat

Business Standard | 23 Apr 2025 1 more

Hotels, Restaurants & Tourism

SECTOR | 22 Apr 2025

India's heritage site footfall up 19% since 2019, ticket revenue down 2.83%

Business Standard

India's centrally protected ticketed monuments experienced an over 19 per cent surge in footfall in 2023-24 compared to the pre-pandemic levels but this did not translate into higher revenue from ticket sales, which dropped by 2.83 per cent, official data shows. An analysis of the Archaeological Survey of India (ASI) data, presented in the Rajya Sabha, covering 143 monuments shows a complex recovery picture for these key heritage sites, contextualised by broader national trends reported in the Ministry of Tourism's 'India Tourism Data Compendium 2024'. The total footfall across these listed monuments increased by 19.35 per cent from approximately 4.60 crore in 2019-20 to 5.49 crore in 2023-24, the data showed. However, despite the surge in the number of visitors, the combined revenue from ticket sales at these monuments saw a decline of 2.83 per cent during the five-year period, dropping from Rs 312.54 crore in 2019-20 to Rs 303.70 crore in 2023-24. This suggests a shift in the...

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 01 Oct, 2025.

Hotels, Restaurants & Tourism

SECTOR | 21 Apr 2025

Tourism and travel boom fuels TTDC, with profits surging for 3rd year in a row

Business Line

This follows profits of 32.33 crore in 202324 and 29.99 crore in 202223, marking a strong comeback from losses of 23.25 crore and 11.39 crore in 202021 and 202122 respectively, according to the latest policy note of the Tourism Department

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 01 Oct, 2025.

Hotels, Restaurants & Tourism

SECTOR | 18 Apr 2025

ETGE condemns Marriott, Hyatt, others for profiting from Xinjiang genocide

Business Standard

The ETGE said that these businesses are not doing their business in ignorance

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 01 Oct, 2025.

Hotels, Restaurants & Tourism

SECTOR | 16 Apr 2025

India's Sustainable Tourism To Reach $216 Million Over Next Decade, Says MakeMyTrip Founder

NDTV Profit

Globally, sustainable tourism is projected to grow to a whopping $11.4 trillion in ten years' time from about $3.12 trillion now.

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 01 Oct, 2025.

Travel And Tourism In India Poised For Growth: WTTC

NDTV Profit | 16 Apr 2025

Hotels, Restaurants & Tourism

SECTOR | 16 Apr 2025

Mahadev app case: ED searches premises of MakeMyTrip's Nishant Pitti

Business Standard

The ED said that several top politicians and government officials from Chhattisgarh are suspected to be involved in illegal activities and money deals connected to the app

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 01 Oct, 2025.

Hotels, Restaurants & Tourism

SECTOR | 16 Apr 2025

India's sustainable tourism market to touch $216 mn: MakeMyTrip founder

Business Standard

India's sustainable tourism market is set to grow to USD 216 million in a decade from a modest USD 37 million at present, MakeMyTrip Founder and Chairman Deep Kalra said on Wednesday. Addressing a travel conclave organised by the MakeMyTrip Foundation, Kalra highlighted the enormous potential presented by the sustainable tourism growth opportunity. "India's sustainable tourism market is still modest in size. It's about 37 million in dollar terms. Today should be in crores ... about Rs 320 crores right now, but growing to USD 216 million in 10 years time, will be among the fastest growing markets," he observed. The MakeMyTrip founder and chairman further shared that in terms of sustainability, today, only 1 to 2 per cent of all tourism in India can be called sustainable, and that's a stark contrast from international numbers in terms of enablers. He informed that globally, sustainable tourism is set to grow to a whopping USD 11.4 trillion in ten years time, from about USD 3.12 trill

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 01 Oct, 2025.

Hotels, Restaurants & Tourism

SECTOR | 13 Apr 2025

Tourism accounts for 10% of Sikkim's GSDP, has growth scope: CM Tamang

Business Standard

Sikkim Chief Minister Prem Singh Tamang said tourism contributes nearly 10 per cent of the gross state domestic product (GSDP) of the Himalayan state with a strong potential for further growth. He said his government is focused on eco-tourism, cultural tourism, and community-based models that empower local economies. "With over 1,000 homestays, initiatives like 'Mero Rukh Mero Santati' and 'Shishu Samriddhi Yojana' reflect our commitment to future generations and climate action," Tamang said at the inauguration of the three-day Internation Youth Conclave for tourism development at Yangang, a small hamlet in Namchi district, on Saturday. The youth conclave is being organised by Yangang Tourism Development Committee and the Tourism Department. Around 176 representatives from different countries are participating in the event. The event is being organised to mark 50 years of statehood. The chief minister said the conclave is more than just an eventit is a platform for collaboration, .

IDBI Capital released a Sector Update report for Hotels, Restaurants & Tourism on 01 Oct, 2025.