Hotels

Ibis Hotels coverts its properties into co-working spaces

access_timeJuly 16, 2020

New Delhi: Hotel operator Ibis is foraying into co-working by converting part of its hotels in flexible workspaces. Called ‘Work@ibis’, the offering w...

Delhi High Court orders OYO to list all unencumbered properties

access_timeJuly 13, 2020

New Delhi: Oyo Hotels and Homes has been ordered by Delhi High Court to mention the details of all unencumbered assets like hotels and properties that...

60% hotel operators think RevPAR will return to 2019 levels in 1-2 yrs

access_timeJuly 01, 2020

New Delhi: About 60 percent of the hotel operators believe that Revenue Per Available Room (RevPAR) will return to 2019 levels in 1-2 years. Another 2...

EIH Associated Hotels Ltd’s net profit tanks 44% to Rs 10.7 cr for Q4FY20

access_timeJune 23, 2020

New Delhi: Oberoi Group company EIH Associated Hotels Ltd’s net profit tanked 44 percent to Rs 10.7 crore for the fourth quarter of the fiscal 2019-20...

Jindal Hotels Ltd’s net profit tanks 83% to Rs 10 lakh for Q4FY20

access_timeJune 23, 2020

New Delhi: Jindal Hotels Ltd’s net profit tanked 83 percent to Rs 10 lakh for the fourth quarter of the fiscal 2019-20 as compared net profit of Rs 62...

Taj Man Singh hotel in Delhi reserved for corona patients

access_timeJune 16, 2020

New Delhi: All the rooms of the centrally-located Taj Man Singh hotel will be attached with the Sir Ganga Ram Hospital for providing accommodation to...

Indian Hotels Company Ltd’s (Taj Hotel) net profit falls 35% to Rs 76.29 cr for Q4FY20

access_timeJune 10, 2020

New Delhi: The Indian Hotels Company Ltd’s consolidated net profit fell about 35 percent to Rs 76.29 crore for the fourth ended 31 March 2020 as again...

Gujarat Hotels Ltd’s net profit jumps 11% to Rs 1.21 cr for Q4FY20

access_timeJune 06, 2020

New Delhi: Gujarat Hotels Ltd’s net profit jumped 11 percent to Rs 1.21 crore for the fourth quarter ended 31 March 2020 as compared to Rs 1.09 crore...

Lemon Tree Hotels Ltd’s suffers net loss of 19.02 cr for Q4FY20

access_timeMay 30, 2020

New Delhi: Lemon Tree Hotels Ltd’s consolidated net loss stood at 19.02 crore for the fourth quarter of the 2019-20 fiscal as compared net profit of R...

Hotel occupancy dips to 11% in April, deals for new 3,749 hotel rooms signed in Q1

access_timeMay 29, 2020

New Delhi: The hotel room occupancy nosedived to just 11.7 percent in April 2020 due to the coivd19 pandemic in the top 13 cities of the country. This...

This large Indian startup stops paying salaries to 3,500 staff

access_timeMay 17, 2020

New Delhi: Corona virus is wreaking havoc for the economic activity and one of the hardest hit sectors is travel and hospitality. Hotel room aggregato...

Mahindra Holidays and Resorts Ltd suffer consolidated net loss at Rs 161.51 cr for Q4FY20

access_timeMay 09, 2020

New Delhi: Mahindra Holidays and Resorts India Ltd’s consolidated net loss stood at Rs 161.51 crore for the fourth quarter of 2019-20 fiscal as agains...

Oyo Hotels & Homes Reports Loss Of Rs 2,200 Cr For FY19

access_timeFebruary 17, 2020

New Delhi: Oyo Hotels & Homes has reported a loss of USD 335 million (About Rs 2,200 crore) fiscal year ending 31 March, 2019 as compared to USD 52 mi...

Delhi Hospitality Grp Raided By IT Dept; Rs 1,000 Cr Assets Seized

access_timeJanuary 26, 2020

New Delhi: The Income Tax (IT) department has found Rs 1,000 crore worth of hidden foreign assets of a major hospitality group based in Delhi-NCR. The...

5-star Hotel To Come Up On Part Of Existing Pragati Maidan In Delhi

access_timeDecember 04, 2019

New Delhi: A 5-star hotel will be developed on part of the existing Pragati Maidan in Delhi. The government has approved the a plan to authorise India...

85 Branded Hotels To Be Set Up In The Country With 8,612 Rooms: JLL

access_timeJuly 29, 2019

New Delhi: As many as 46 branded hotels have been set up in the first half of the current calendar year and deals for another 85 have been signed in t...

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