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ITC Consolidates Stake in Oberoi and Leela Brands Amidst Hotel Business Demerger

ITC Consolidates Stake in Oberoi and Leela Brands Amidst Hotel Business Demerger

ITC Ltd., currently undergoing the demerger of its hotel business, announced on Thursday that its board has approved consolidating its shareholding in two key rival hospitality brands, Oberoi and Leela. ITC will acquire shares held

News
ITC to Spin Off Hotel Business, BAT May Exit Hospitality Sector

ITC to Spin Off Hotel Business, BAT May Exit Hospitality Sector

ITC Ltd., a leading Indian conglomerate, is splitting its hotel business into a separate company. This demerger, expected to be finalized in June 2024, is designed to create a more focused hotel entity and potentially

News
Jefferies bullish as hotel room rates surge 30% from pre-COVID levels

Jefferies bullish as hotel room rates surge 30% from pre-COVID levels

Jefferies Equity Research, the research arm of the global financial services firm, maintains its bullish stance on India's hotel industry. Over the last three years, the market capitalization of the industry has tripled, coinciding with

Feature
Women in Hospitality Business continue to break barriers, emerge as successful leaders

Women in Hospitality Business continue to break barriers, emerge as successful leaders

Women in hospitality have succeeded in carving their own niche in the hospitality landscape. They have evolved as better leaders over the period of time, making the sector all the more inclusive than before with

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