Author: HBI Staff | Hyderabad
ITC Hotels, the recently spun-off hospitality division of ITC, made a strong debut in the stock market on January 29th, achieving a market valuation of INR 36,139 crore. This milestone positions ITC Hotels as the second most valuable hotel stock in India, surpassing East India Hotels (EIH), the Oberoi Group’s hospitality arm. The standalone listing reflects ITC Hotels’ growing prominence in India’s thriving hospitality sector. Shares of ITC Hotels closed at INR 174 on the NSE, with trading volumes worth INR 439 crore. Meanwhile, ITC Limited, which retains a 40% stake in ITC Hotels, recorded a marginal dip of 0.51%,…
Indian Hotel Academy (IHA) successfully hosted the “A Skilled India is A Stronger India” Convocation and Conclave, a landmark event celebrating the vision of Hon’ble Prime Minister Shri Narendra Modi Ji and highlighting India’s commitment to skill development. The event, held at the USI Auditorium in Vasant Vihar, New Delhi, was a resounding success, drawing attention to the crucial role of skilled professionals in shaping the future of India’s hospitality industry. The event recognized and awarded over 300 young hospitality influencers with certifications from theTourism and Hospitality Skill Council (THSC), in line with the national Skill India Mission and the…
Hyatt Hotels Corporation proudly introduces PVT LTD, a sophisticated speakeasy bar hidden within the luxurious confines of Hyatt Centric Chandigarh. This exclusive haven promises a one-of-a-kind experience, where mystery and luxury intertwine to create an intoxicating ambiance. Concealed behind an unmarked door in the lobby, PVT LTD is an intimate sanctuary known only to a select few, offering an atmosphere that exudes both opulence and intrigue. Stepping through the unassuming entrance is akin to stepping into a time portal. Guests are transported to a world where the glamour of a bygone era meets contemporary elegance. Access to this hidden gem…
Radisson Hotel Group reported a record-breaking year in 2024 after adding almost 40,000 keys to its global brand portfolio, thereby achieving significant milestones and further strengthening its footprint around the world. Radisson Blu remained the leading upper upscale brand in Europe for the 13thconsecutive year and the Group is now leading the upscale resort segment in EMEA. Elie Younes, Executive Vice President and Global Chief Development Officer at Radisson Hotel Group, comments: “Despite global geopolitical shifts in 2024, we had a successful year thanks to our relentless efforts to serve our two key customers: the guest and the owner. In…
In a bid to empower local hospitality businesses and promote sustainable tourism, OYO has partnered with the Goa Tourism Department to launch a new Accelerator Program. Designed to support small-scale and first-generation hotel owners, the initiative aims to drive business growth, create jobs, and boost Goa’s tourism ecosystem. Goa’s Tourism Minister, Rohan A. Khaunte, unveiled the program during a launch event in Panaji, emphasizing the government’s commitment to fostering local entrepreneurship and strengthening the state’s hospitality sector. The Accelerator Program plans to onboard over 300 properties across North, Central, and South Goa in the next year, generating more than 5,000…
The Indian hospitality sector marked another robust year in 2024, with transaction activity totaling USD 340 million, slightly surpassing the USD 337 million recorded in 2023, according to data by JLL. This growth trajectory underscores the resilience and attractiveness of the sector, driven by a mix of high-value deals in metro cities and a growing interest in tier-II and tier-III markets. Operational and high-yielding hotels in Mumbai and Bengaluru accounted for a significant portion of the volume, alongside a premium land sale in Goa. These metropolitan markets continue to anchor the industry, offering stable revenue streams and higher growth potential…
Goa’s position as India’s leading leisure destination remains unchallenged, with a notable 12% increase in travel searches and a 14% rise in hotel bookings during October-December 2024, according to data from MakeMyTrip. This comes amidst concerns over declining foreign tourist numbers and viral social media claims about empty beaches, closed shacks, and high travel costs. Despite these challenges, MakeMyTrip’s Co-Founder and Group CEO Rajesh Magow highlighted Goa’s sustained appeal among domestic travelers. “Our data from the last quarter of 2024 underscores Goa’s enduring charm. Searches on our platform grew by 12% year-on-year, and room night sales across hotels, homestays, and…
Imagine a drink that offers an unparalleled experience, blending heritage with innovation. Goa’s signature spirit, Feni, has found a new avatar in Balivada Single-Malt Whisky, which recently clinched the prestigious 2024 National Award for Excellence. Honorable Goa Industries Minister Shri Mauvin Godinho congratulated the Cheers Group for their groundbreaking product, praising their contribution to making Goa proud on the national stage. Balivada Single-Malt Whisky, priced at INR 1,650 for a 750ml bottle in Goa and up to INT 3,600 in other states, is finished in world-first Heritage Feni casks. This innovative process results in a smooth, complex spirit that redefines…
Indian Hotels Company (IHCL) announced the signing of a Taj hotel in Ayodhya, Uttar Pradesh. This development with the Solitaire Group is a brownfield project. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL, said, “IHCL has a strong presence across significant spiritual destinations in India and this signing aligns with our strategy of developing spiritual circuits. Ayodhya has witnessed a significant boost in spiritual tourism, as one of the most sought-after pilgrimage destinations in the country. With the recent signings across SeleQtions, Vivanta, Gateway and Ginger brands, we are strengthening our presence in the city with the iconic Taj brand.…
The demerger of ITC Hotels from its parent company, ITC Limited, marks a significant milestone in the Indian hospitality industry. As ITC Hotels gears up to list as a standalone entity on the Indian stock exchanges, industry stakeholders are keenly watching its progress, particularly the listing date and the anticipated market valuation. On January 1, ITC Hotels officially became a standalone company following its demerger from ITC Limited. This strategic move aligns with ITC’s vision to unlock value for shareholders while allowing ITC Hotels to focus on growth and innovation in the competitive hospitality sector. Applications for listing have already…
