MARRIOTT INTERNATIONAL HOTEL GROWTH
Brands may see reruns of the 14-year-old’s eye-popping performance — but will they ‘Tendulkar’?
Vaibhav Suryavanshi's success mirrors startups disrupting established markets. Minimalist was acquired by HUL. Mamaearth faces legal issues with Lakme. Campa Cola's relaunch challenges Coca-Cola and PepsiCo. The Postcard Hotel inspires IHCL and ITC to launch similar concepts. Airbnb and Spotify thrive by filling market gaps. Failures like BluSmart and Dunzo offer lessons.
Prime Focus to set up global entertainment destination in Mumbai with Rs 3,000 crore investment
Prime Focus Group, in collaboration with the Maharashtra government, is set to develop a global entertainment destination in Mumbai with a proposed investment of Rs 3000 crore. This ambitious project aims to establish a technologically advanced content creation ecosystem, positioning Mumbai as a hub for content creators and boosting tourism.
Oyo puts off third IPO attempt after SoftBank takes issue
Oyo Hotels has postponed its India listing plans for October. SoftBank disagreed with the IPO plan, asking for stronger earnings first. Oyo previously attempted to go public in 2021 and March 2023. Ritesh Agarwal faces a debt repayment deadline if the IPO doesn't happen soon. SoftBank may assist Agarwal in getting a loan extension in exchange for delaying the IPO.
Shah Rukh Khan fan suddenly spots the superstar on road. SRK says no photos but what he did brings tears of joy to her
During a recent trip to Germany, Shah Rukh Khan was unexpectedly spotted by a fan who became emotional upon seeing him. Although he requested no photos, the superstar responded to her request for a hug, embraced her and her friends, and gently placed his hand on her head saying, “God bless you.” The heartfelt moment, captured on video, quickly went viral, with fans worldwide praising SRK’s humility and kindness.
Kolkata hotel fire: Mamata Banerjee promises strict action against fire safety violators
Following a devastating fire in a Burrabazar hotel that claimed 15 lives, West Bengal Chief Minister Mamata Banerjee has promised stringent action against those responsible. Kolkata Police have arrested the hotel owner and manager, while Banerjee has formed a committee to investigate fire safety compliance.
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Oyo to enter F&B with in-house kitchens and QSR carts
Oyo is set to venture into the food and beverage sector. The company will introduce in-house kitchens and Townhouse Cafe QSR carts. This will be available at its company-serviced hotels. The initiative aims to enhance the dining experience for guests. Oyo expects F&B to contribute 5%-10% additional revenue. A pilot program has already been launched across 100 hotels.
Oman eyes Indian tourists to boost sustainable tourism under Vision 2040
Oman aims to attract more international tourists. The nation focuses on Indian visitors due to strong historical ties. Oman targets approximately 11.7 million annual visitors by 2040. Oman promotes corporate travel and destination weddings. In 2023, 6,00,000 Indian tourists visited Oman. Oman's tourism strategy aligns with Oman Vision 2040. The Oman Botanic Garden showcases Oman's unique approach to sustainable tourism.
Commercial LPG rates slashed by Rs 14.50, price of jet fuel cut by 4.4 per cent
Jet fuel prices in Delhi have been reduced by 4.4%, marking the second cut in a month, alongside a Rs 14.50 decrease in commercial LPG cylinder prices. These reductions offset earlier price increases, influenced by softening international oil prices due to concerns over global trade and demand. Domestic LPG rates remain unchanged, while petrol and diesel prices are frozen.
NHL star testifies in 2018 sexual assault case involving his former Canada world junior teammates
Taylor Raddysh, a Washington Capitals player, testified in the sexual assault trial of his five former teammates. The case involves an incident in 2018. Raddysh described messages from Michael McLeod and his presence in McLeod's hotel room. He saw the woman who alleged the assault. The court also viewed video footage from a bar.
Trump company strikes Qatari golf resort deal in sign it's not holding back from foreign business
The Trump family's company has entered into a deal to construct a luxury golf resort in Qatar, raising concerns about potential conflicts of interest during a possible second Trump administration. This project, involving Trump-branded villas and a golf course developed by a Saudi Arabian company and a Qatari government-owned firm, marks the first foreign deal since Donald Trump's initial term.
Owner, manager of Kolkata hotel, where fire killed 14, arrested
Police arrested Akash Chawla and Gaurav Kapoor, owner and manager of Rituraj Hotel. A fire at the hotel in Kolkata killed 14 people. The incident occurred on Tuesday evening. Authorities registered a case against them under the BNS and Fire Services Act. Twelve bodies were identified and handed over to families. Efforts are underway to identify the remaining two bodies.
Saif Ali Khan hotel brawl case: Court warns of issuing non-bailable warrant against witness Malaika
A Mumbai court has granted Malaika Arora a final opportunity to appear as a witness in the 2012 hotel brawl case involving Saif Ali Khan, warning of a non-bailable warrant if she fails to comply. The court expressed its frustration after Arora repeatedly avoided summons, despite knowing she was required to testify.
Kolkata hotel fire kills 15, including 2 children; PM Modi, Mamata Banerjee announce ex-gratia for victims
A major fire broke out in a Kolkata hotel. The incident occurred in the Burrabazar area. Fifteen people died, including two children. Several others sustained injuries. Prime Minister Narendra Modi announced compensation. The State Government also announced ex-gratia. Authorities rescued many people from the hotel. An investigation is underway to determine the cause of the fire.
A resort in space coming in 2027 with restaurants, gym, and even villas! Here's all about Voyager Station
Voyager Station, the world's first space hotel, is slated to launch in 2027, offering luxury accommodations and amenities for 280 guests and 112 crew members. The rotating structure will simulate gravity, providing a unique experience. While current space tourism is expensive, decreasing transportation costs could make space stays more accessible in the future.
Blaze turns Kolkata hotel into death trap; guests jump, scream as flames engulf building
A devastating fire ripped through a six-story hotel in Kolkata's Burrabazar neighborhood, claiming the lives of 15 people, including a woman and two children. The blaze, which erupted on Tuesday evening, trapped guests and filled corridors with thick smoke, leading to scenes of panic as people desperately tried to escape.
Embassy REIT surpasses leasing target, clocks 10% growth in revenue and net operating income
Embassy Office Parks REIT reported a 10% increase in both revenue and net operating income for FY25, driven by strong leasing activity, particularly from Global Capability Centers. The REIT exceeded its leasing guidance, achieving 6.6 million sqft in leases and anticipates double-digit distribution growth in FY26.
Six stunning new Greek hotels to book now
Greece is emerging as the top travel destination this summer, fueled by its iconic scenery, historical sites, and culinary delights. Airlines are increasing flights to meet the high demand, with new and renovated resorts opening across the country.
Hospitable workspaces: Managed office providers shift focus to hotel-like amenities, services
Managed workspace providers are increasingly focusing on hospitality to meet the demands of businesses seeking hotel-like amenities for their employees. The sector has experienced significant growth, driven by the need for bespoke office spaces and integrated technological services. Companies are now prioritizing service experience and high-quality fit-outs to attract global businesses.
Chains line up for signing more properties in Jawai
Jawai, Rajasthan, known for its leopard sightings and luxury camps, is attracting both budget and luxury hotel chains. Several hotel groups like Lemon Tree, Radisson, and ITC are launching or planning properties in the region. This surge in interest is driven by Jawai's unique wildlife, proximity to tourist hubs like Udaipur and Jodhpur, and increasing tourist arrivals in Rajasthan.
Oriental Hotels Ltd clocks standalone Q4 profit at Rs 17.69 cr
Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd, reported a standalone profit of Rs 17.69 crore for the January-March 2025 quarter, the company said on Friday. The city-based company had posted a profit of Rs 16.33 crore during the same quarter of the previous financial year.
US drives a quarter of Oyo's FY25 revenue: Founder Ritesh Agarwal to leaders
Oyo's FY25 revenue landscape saw a significant shift with its US businesses, boosted by the G6 Hospitality acquisition, contributing 24% of total revenue. India's hotel count grew by 22%, enhancing serviced hotel brands. Corporate segment revenue in the US increased by 26% in Q1 2025, driven by new corporate clients.
How to use points and miles to stay at the world’s best hotels for free
Points inflation makes luxury travel seem distant. Experts advise using points wisely for memorable experiences. Consider iconic hotels like Ritz Paris or Waldorf Astoria Maldives. Strategic booking through loyalty programs unlocks value. Accumulate points via credit cards and partner offers. Marriott Bonvoy offers a fifth night free. Accor provides rebates. Plan your dream vacation now.
Prestige Hotel Ventures files DRHP with Sebi for Rs 2,700 crore IPO; details here
Prestige Hotel Ventures has filed DRHP with SEBI for its IPO, which comprises a Rs 1,700 crore fresh issue and Rs 1,000 crore offer for sale by promoter, Prestige Estates. Proceeds will fund debt repayment, acquisitions, and general purposes. The company owns luxury hospitality assets across India and operates 1,445 keys, with revenue growing at a 103.73% CAGR between FY22 and FY24.
Prestige Hospitality Ventures files draft papers for Rs 2,700 crore IPO
Prestige Hospitality Ventures plans to launch an IPO. The company aims to raise Rs 2,700 crore. It filed documents with SEBI. The IPO includes fresh equity and an offer for sale. Funds will support new assets and debt reduction. Prestige seeks to expand its hospitality portfolio. The company currently operates seven hotels.
PepsiCo's international beverages business grows 11% in Q1 helped by markets including India
PepsiCo's international business experienced strong revenue growth, particularly in India, which contributed significantly to both beverage and convenient foods sectors. Despite overall net revenue decline due to foreign exchange impacts, the company remains optimistic about its international operations. PepsiCo anticipates continued volatility in the macroeconomic environment for the remainder of 2025.
SAMHI Hotels and GIC announce a JV for upscale and higher hotel assets in India
GIC and SAMHI Hotels have forged a strategic partnership to invest in upscale Indian hotels. GIC will acquire a 35% stake in three SAMHI subsidiaries for ?752 crore. The investment will reduce SAMHI's debt by ?580 crore and fund expansion, including a Westin hotel in Bengaluru.
SAMHI Hotels shares shoot up 13% on Rs 2,200 cr JV with GIC
SAMHI Hotels surged 13% after announcing a Rs 2,200 crore joint venture with GIC to invest in upscale hotel assets. The partnership begins with five key properties in Bengaluru and Pune. Funds will be used for expansion and debt reduction, with SAMHI continuing operational control and strategic growth execution.
Chain Reaction: More hotels coming to a town near you
Indian and global hotel chains are aggressively expanding, aiming for milestone hotel numbers by 2030, fueled by India's strong GDP growth and infrastructure development. IHCL targets 700 hotels, Radisson aims for 500, and Marriott plans for 250-300 hotels, reshaping the market with wider distribution and franchise models.
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