HBIZ - Hospitality Biz India: Latest News & Analysis
HBIZ - Hospitality Biz India: Latest News & Analysis. November 7, 2024. Breaking News : ‘Our strategy is to position Caesars Palace Dubai as a resort destination with experiences for every age group’: Naren Upadhyay, Director of Sales, Caesars Palace Dubai. Mahua gets ‘heritage liquor’ tag, to be served in MP Tourism bars and hotels.
India's Branded Hotels Achieve Record Occupancy and ADR in FY …
Branded hotels across India achieved a room occupancy rate of 67.5%, the highest since FY 2008, and recorded the highest-ever average daily rate (ADR) of INR8,055 in FY 2024, highlighting significant growth in the hospitality sector, according to …
India’s hospitality sector witnessed USD 401 million investment ...
Apr 1, 2024 · JLL India today released its latest report titled ‘Hotel Investment Trends – India 2023,‘ highlighting the growth and positive start of the first quarter (Jan-March) of 2024 in the hospitality sector.The report mentions that the first quarter of 2024 witnessed a significant 80% Year-on-Year increase in hotel transaction volumes, reaching USD 78 million.
IHCL Expands Portfolio to 350 Hotels with Major Acquisitions
5 days ago · The Indian Hotels Company Limited (IHCL), India’s largest hospitality group, has reported an impressive set of financial results for the second quarter ending September 30, 2024, marking ten consecutive quarters of record-breaking performance. With a significant 28% year-over-year growth in ...
Hospitality Biz India: Latest News & Analysis
Conrad Bengaluru appoints Sharin Joseph as the Commercial Director. November 5, 2024. With over 16 years of experience in the hospitality industry, Sharin will be focusing on various arenas at the property such as business development, budgeting, forecasting, and achieving the hotel’s commercial objectives. Sharin’s body of.
Indian Hotel Industry Set for 7-9% Revenue Growth in FY25: ICRA
Feb 26, 2024 · The Indian hotel industry is expected to register a revenue growth of seven to nine per cent in the next financial year 2024-25, according to a report by credit rating firm ICRA (Investment Information and Credit Rating Agency).
Trends, growth, and future of the hospitality sector
Oct 13, 2022 · According to the report, if the trend continues then the food and beverage sector is expected to grow at 10.4 percent annually and is expected to reach 5.5 trillion by 2022. On the flip side, the unorganized market share in the food and beverage sector constitutes 65-70 percent and the organized sector is only 30-35 percent. Imagine the volume ...
Luxury Hospitality witnessing increased demand
June 10, 2023. Cover Story. 6 minute read. In recent years, India has witnessed a remarkable surge in the realm of luxury hospitality. As the country’s economy has flourished and the middle class has expanded, a growing number of affluent individuals and discerning travellers are seeking unparalleled experiences and opulent accommodations.
Culinary Tourism in India: A Global Perspective
Apr 22, 2024 · Impact on Tourism Economy. Culinary tourism plays a vital role in driving tourism revenue and economic growth in India. According to data from the Ministry of Tourism, culinary tourists tend to spend more on dining and related experiences compared to other travelers, contributing to the local economy and supporting small-scale food businesses ...
Redefining Indian hospitality, the TECH way
Jun 6, 2024 · Technology has remodeled the way in which a hotel functions and continues to redefine guest experience. Hospitality Biz takes a look at the aspects of technology that enable hoteliers ‘ operational and business efficiencies and what its future beholds.. In today’s digital age, embracing technology is no longer a luxury, but a necessity for the Indian hospitality businesses to …