Articles tagged “itc hotels”

Hotels

Hotel Signings Remain Strong in India Despite Slow May – India Report

We're always talking about growth in India, and the hotel industry has had a significant number of branded signings and openings this year. But in May, there was a significant decline in average daily rates and revenue per available room compared to April.

Bulbul Dhawan | 6 hours ago

Hotel Signings Remain Strong in India Despite Slow May – India Report

Airlines

India Becomes Third-Largest Domestic Aviation Market – India Report

There is an overall push in India to enhance air connectivity to smaller regions across the country. An increase in number of airports, increase in disposable income, and heightened interest in travel have given airlines the confidence to invest in expansion of their domestic operations. This is leading to Indians traveling more, domestically and internationally.

Bulbul Dhawan | 1 week ago

India Becomes Third-Largest Domestic Aviation Market – India Report

Hotels

Leela Hotels IPO Eyes $2.5 Billion Valuation, Listing Likely in 9 Months: Report

With India's travel and hospitality industry thriving, it's the perfect moment for Leela to go public. The buzz around IPOs is definitely heating up, and more companies are feeling confident to jump into the market and raise funds.

Peden Doma Bhutia | 3 weeks ago

Leela Hotels IPO Eyes $2.5 Billion Valuation, Listing Likely in 9 Months: Report

Daily Lodging Report

ITC Shareholders Okay Hotel Spin-Off

ITC shareholders approved the company’s plan to spin off its hotel business, retaining a 40% stake, with overwhelming support from minority shareholders.

3 weeks ago

Daily Lodging Report

India Okays ITC Spinning Off Its Hotel Business

The Competition Commission of India approved ITC Ltd’s demerger of its hotel business into the newly independent, publicly listed ITC Hotels Ltd, with ITC retaining a 40% stake and 60% distributed to shareholders.

1 month ago

Tourism

Indian Travelers Looking at Airlines, Hotels to Boost Sustainability – India Report

Indians are being more mindful of the impact of their journeys on the environment – and it is changing the way they live their everyday lives, according to a report from Booking.com. We look at some of the steps the government and industry are taking in response.

Bulbul Dhawan | 1 month ago

Indian Travelers Looking at Airlines, Hotels to Boost Sustainability – India Report

Hotels

What IHCL’s 4th Hotel in Varanasi Says About India’s Religious Tourism Boom

Religious tourism is booming in India and hospitality companies are now catching up to cater to this demand.

Bulbul Dhawan | 2 months ago

What IHCL’s 4th Hotel in Varanasi Says About India’s Religious Tourism Boom

Business Travel

State Bank of India Launches Its First Travel Credit Card – India Report

While there are several co-branded credit cards offered by airlines and hotels, banks releasing travel-focused core credit cards indicates a shift in consumer preference and the rising popularity of travel credit cards in India.

Bulbul Dhawan | 2 months ago

State Bank of India Launches Its First Travel Credit Card – India Report

Tourism

Indian Tourism Industry to Generate $24 Billion in 2024 – India Report

Travel and tourism industry accounted for around 6% of India's GDP in 2022. The country has therefore been focusing on boosting tourism.

Bulbul Dhawan | 3 months ago

Indian Tourism Industry to Generate $24 Billion in 2024 – India Report

Airlines

India’s Newest Airline Takes Off – India Report

Regional air connectivity is a major focus for the India government. Amid this, the commencement of operations by Fly91 highlights the vibrant aviation landscape in the country.

Bulbul Dhawan | 4 months ago

India’s Newest Airline Takes Off – India Report