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

SECTOR | 03 Jul 2025

Make My Trip told to compensate flier after wallet fraud: How to stay safe

Business Standard

A Mumbai consumer court tells MakeMyTrip to provide ~1.37 lakh in compensation after wallet fraud and refund issues. Learn key tips to protect your money and avoid similar booking nightmares

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

Hotels, Restaurants & Tourism

SECTOR | 03 Jul 2025

Kerala Tourism turns stranded F-35B fighter jet into a viral ad sensation

Business Line

In a witty social media campaign, the Kerala Tourism department shared a creatively edited poster featuring the jet parked against a backdrop of swaying coconut trees and lush greenery

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

Stranded British F-35B Jet In Kerala Becomes Unlikely Tourism Star

NDTV Profit | 02 Jul 2025

Hotels, Restaurants & Tourism

SECTOR | 02 Jul 2025

Consumer Panel Pulls Up MakeMyTrip For Failing Of Act On Fraudulent Transactions

NDTV Profit

The commission highlighted 'there should be immediate follow up' if it comes to the company's notice that details and private personal information of a customer is compromised and fraudulent transactions took place.

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

Consumer court raps MakeMyTrip over fraud, orders 1.37 lakh payout

Business Standard | 02 Jul 2025

Hotels, Restaurants & Tourism

SECTOR | 02 Jul 2025

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 June, 2025. We have analyzed pricing of 171 hotels with ~33,000 keys across 8 cities to understand the trend over last 24 months (Exhibit 18). After a healthy growth in ADR, the industry witnessed decline in ADR, primarily led by seasonality. Early monsoons in various parts of the country further dented travel plans and weighed on ADR. We anticipate the softness in ADR to continue for a couple of more months. However, we attribute this as a seasonal factor and overall positive momentum of the industry to continue led by demand-supply mismatch,...

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

Hotels, Restaurants & Tourism

SECTOR | 01 Jul 2025

Bihar Cabinet okays 882.87 cr for developing temple at Sita's birthplace

Business Standard

The Bihar government on Tuesday approved more than Rs 882 crore for the overall development of 'Punaura Dham Janki Mandir', a Hindu pilgrimage site in Sitamarhi district that is considered the birthplace of Goddess Sita. The state Cabinet decided at a meeting chaired by Bihar Chief Minister Nitish Kumar here on Tuesday. "I am extremely delighted to inform that the state Cabinet on Tuesday approved a comprehensive plan, worth Rs 882.87 Crore, for the overall development of Punaura Dham, the birthplace of goddess Sita (Janaki), in Sitamarhi district. The plan includes the construction of a grand temple and other structures," Kumar posted on X soon after the meeting. According to the proposal of the state Tourism department, which was approved by the Cabinet, around Rs 137 crore will be spent on the renovation of the old Punaura Dham Janki Mandir and Rs. 728 crore for the development of tourist infrastructure around the temple. The remaining amount will be spent on the maintenance of t

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

Hotels, Restaurants & Tourism

SECTOR | 30 Jun 2025

Hyatt signs $2 bn deal with Tortuga to sell Playa's real estate assets

Business Standard

Hyatt had entered into a deal to buy Playa, which operates 24 high-end, all-inclusive resorts across Mexico, Jamaica and the Dominican Republic

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

Hotels, Restaurants & Tourism

SECTOR | 29 Jun 2025

Tourists trickling into Afghanistan, Taliban govt eager to welcome them

Business Standard

By plane, motorbike, camper van and even on bicycles, tourists are beginning to discover Afghanistan, with solo travellers and tour groups gradually venturing into a country that until recently was wracked by war. And the country's Taliban government, which seized power more than three years ago but has yet to be formally recognised by any other nation, is more than happy to welcome them. The Afghan people are warm and welcoming and wish to host tourists from other countries and engage with them, Deputy Minister of Tourism Qudratullah Jamal told The Associated Press in an early June interview. Tourism brings many benefits to a country. We have considered those benefits and aim for our nation to take full advantage of them. A potentially lucrative industry Tourism is a vital, multi-billion-dollar industry for many countries. Afghanistan's isolation on the international stage, largely because of the Taliban's restrictions on women and girls, has left much of its 41 million people m

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

Hotels, Restaurants & Tourism

SECTOR | 20 Jun 2025

MakeMyTrip raises $3.1 bn in APAC's biggest equity-bond deal since 2022

Business Standard

MakeMyTrip raises $3.1 billion via equity and convertible notes to reduce Trip.com stake below 20 per cent, marking APAC's largest concurrent offering since 2022

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

Hotels, Restaurants & Tourism

SECTOR | 20 Jun 2025

OYO-owned Innov8 sells 3% stake at 1,000 cr valuation to expand co-working biz

Business Line

Innov8 has reported a profit after tax of 62 crore for 2023-24 compared to 2.5 crore in FY23.

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

Oyo's Innov8 sells 3% stake at 1K cr valuation to expand co-working biz

Business Standard | 20 Jun 2025

Hotels, Restaurants & Tourism

SECTOR | 19 Jun 2025, 12:16PM

Tourism Min had 'forward looking' talk with J-K CM regd tourism development

Business Standard

Union Tourism Minister Gajendra Singh Shekhawat on Thursday said that he held a positive and forward-looking discussion with Chief Minister Omar Abdullah on the development of the tourism sector in Jammu and Kashmir Shekhawat arrived in Srinagar on Wednesday morning as part of his two-day visit. "During my visit to Jammu & Kashmir, I was graciously invited for a dinner interaction by Hon'ble Chief Minister Shri Omar Abdullah Ji," he said on X. "In a warm and cordial atmosphere, we held a positive and forward-looking discussion on the development of the tourism sector in J&K. Emphasis was laid on enhancing infrastructure, promoting heritage sites, and creating sustainable livelihood opportunities for local communities through tourism," he said in his post. Such engagements reflect "our collective commitment" to transform Jammu and Kashmir into a global tourism destination that celebrates its culture, nature, and people, Shekhawat added. The tourism sector in the UT has been...

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