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Greenfield Hotel Investments Surge to Pre-Pandemic Levels in 2024, Driven by Expansion into Tier-2 and 3 Cities

Greenfield Hotel Investments Surge to Pre-Pandemic Levels in 2024, Driven by Expansion into Tier-2 and 3 Cities

Greenfield hotel investments have rebounded to pre-pandemic levels in the first half of 2024, with hotel chains aggressively expanding into Tier-2, 3, and 4 cities, according to data from HVS Anarock. "After the pandemic, brownfield

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Bali Weighs Moratorium on New Hotel and Club Construction Amid Overtourism Concerns

Bali Weighs Moratorium on New Hotel and Club Construction Amid Overtourism Concerns

According to a recent report from Indonesia’s state news agency Antara, Bali is considering implementing a two-year moratorium on new hotel and club constructions to tackle the escalating issue of overcrowding. This initiative aims to

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Hotel Demolished in Velsao After 30-Year Legal Battle

Hotel Demolished in Velsao After 30-Year Legal Battle

According to The Goan Everyday, after a protracted 30-year legal struggle, a controversial hotel project at Primeiro Vaddo in Velsao has finally been demolished. The battle against the hotel project was led by the late

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IHCL signs 85 key hotel in Puducherey

IHCL signs 85 key hotel in Puducherey

Indian Hotels Company (IHCL) announced the signing of a new hotel in Puducherry. This Greenfield project will be branded a Vivanta. Speaking on the occasion, Suma Venkatesh, Executive Vice President, Real Estate and Development, IHCL, said,

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Indonesia to Impose Moratorium on Hotel, Villa, and Nightclub Construction in Bali to Combat Overdevelopment

Indonesia to Impose Moratorium on Hotel, Villa, and Nightclub Construction in Bali to Combat Overdevelopment

Indonesia has announced plans to impose a moratorium on the construction of hotels, villas, and nightclubs in certain areas of Bali, as the island faces increasing concerns over land overdevelopment. The decision, confirmed by a

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Saudi Arabia cancels hotel licence fee to boost tourism investment

Saudi Arabia cancels hotel licence fee to boost tourism investment

Saudi Arabia has announced the cancellation of fees for issuing commercial activity licences for hotels, hotel apartments, and residential resorts, the state news agency SPA reported today. The decision, effective immediately, is part of the

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M3M India and OYO’s Oravel Stays to Launch Premium ‘SUNDAY’ Hotel in Gurugram

M3M India and OYO’s Oravel Stays to Launch Premium ‘SUNDAY’ Hotel in Gurugram

Real estate firm M3M India and Oravel Stays, the parent company of OYO Hotels & Homes, have signed a Memorandum of Understanding (MoU) to introduce a premium hotel under the 'SUNDAY' brand in Gurugram. The

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IHCL announces the opening of Ginger Coimbatore

IHCL announces the opening of Ginger Coimbatore

Indian Hotels Company (IHCL) announced the opening of Ginger Coimbatore Airport, Avinashi Road. The hotel embodies the brand’s signature lean luxe philosophy, providing guests with a contemporary and comfortable stay. Speaking on the occasion,  Deepika Rao,

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Sterling opens new resort in Karnataka, Sterling Banashree Badami

Sterling opens new resort in Karnataka, Sterling Banashree Badami

Sterling has recently opened its latest resort Sterling Banashree Badami, a quaint getaway nestled in the ancient heritage city of Badami, Karnataka. The new property in this hidden gem, marks a significant addition to Sterling’s

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ITC Hotels Announces the Opening of Welcomhotel Belagavi

ITC Hotels Announces the Opening of Welcomhotel Belagavi

Welcomhotel Belagavi opened in the august presence of  Annasaheb Jolle- Founder Jolle Group and Ex MP - Chikkodi,Shashikala Jolle- Co Founder Jolle Group and MLA Nipani, , Anil Chadha , Divisional Chief Executive -ITC Hotels,

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