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ICRA forecasts margin improvement for Indian Alcoholic Beverages Industry in FY2025

ICRA forecasts margin improvement for Indian Alcoholic Beverages Industry in FY2025

ICRA estimates revenue growth of 8-10% for its sample set of domestic alcohol beverages (alcobev) companies in FY2025. While Indian made foreign liquor (IMFL) companies are expected to witness 11-13% revenue expansion supported by preference

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ITC Hotels expands portfolio with signing of Storii Rishikesh in Uttarakhand

ITC Hotels expands portfolio with signing of Storii Rishikesh in Uttarakhand

Embracing its asset-right growth strategy, ITC Hotels has announced the signing of Storii Rishikesh, located amidst the serene hillsides of Uttarakhand. Offering panoramic views of the river from elevated vantage points, Storii Rishikesh is poised

News
Brij Hotels raises 4 Million USD in Series A Funding

Brij Hotels raises 4 Million USD in Series A Funding

Brij Hotels, a collection of distinguished boutique hotels, announced the successful closure of the 4 million USD Series A round led by the Manipal Education & Medical Group(MEMG) Family Office, with strategic participation from prominent

Ministry
MP Tourism Board trains over 6,500 rural women for hospitality industry roles

MP Tourism Board trains over 6,500 rural women for hospitality industry roles

Under the initiative led by the Madhya Pradesh Tourism Board (MPTB), tourist destinations in Madhya Pradesh are undergoing significant improvements to ensure the safety and comfort of women travelers. This project not only attracts solo

News
Shiftz secures investment from industry veteran Nakul Anand

Shiftz secures investment from industry veteran Nakul Anand

Shiftz, the pioneering staffing platform tailored for the hospitality industry, launched in 2023, continues to assert its dominance in the sector with a recent milestone achievement. Notably, the platform has attracted investment from Nakul Anand,

News
Hilton acquires Graduate Hotels in USD 210 Million deal, marking first brand acquisition in over two decades

Hilton acquires Graduate Hotels in USD 210 Million deal, marking first brand acquisition in over two decades

According to Reuters, on Thursday, Hilton announced its acquisition of Graduate Hotels from Adventurous Journeys Capital Partners for USD 210 million, marking its first brand purchase in over 20 years amidst growing pressures in the

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CYK Hospitalities Spearheads Opening of Nagari Restaurant in Agra

CYK Hospitalities Spearheads Opening of Nagari Restaurant in Agra

CYK Hospitalities, India's prominent food and beverage consultancy firm, has played a pivotal role in the launch of 'Nagari,' an inventive new restaurant in Agra, known as the city of Taj, introducing a fresh dimension

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Baccarat Hotel & Residences Maldives to open its Doors in 2027

Baccarat Hotel & Residences Maldives to open its Doors in 2027

SH Hotels & Resorts, the hospitality management company established by the forward-thinking Barry Sternlicht, Chairman and CEO of Starwood Capital Group, has unveiled its ambitious plan to redefine luxury and refinement in the Maldives. Set

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Lemon Tree debuts in Tripura

Lemon Tree debuts in Tripura

Lemon Tree Hotels has unveiled its newest addition, Lemon Tree Hotels, Agartala. Expected to open in FY27, the property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary and the management arm of

News
Vishal Kamat elected as new Chairman of CII Maharashtra

Vishal Kamat elected as new Chairman of CII Maharashtra

Vishal Vithal Kamat, Executive Director of Kamat Group, succeeds Dr K Nandakumar, Chairman & Managing Director, Chemtrols Industries, as the Chairman of CII (Confederation of Indian Industry) Maharashtra State Council for 2024-25. Kamat, a BSC

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