Thiruvananthapuram, May 22 (IANS) Prime Minister Narendra Modi’s call urging Indians to increasingly choose destinations within the country for leisure travel, conferences, weddings and events has opened up a major economic opportunity for India’s tourism and hospitality sectors, according to the Hotel Association of India (HAI). The industry body said the Prime Minister’s push for domestic tourism comes at a crucial time when geopolitical instability, slowing global growth and changing travel p…
Latest Hospitality Sector News & Updates
Mumbai, May 14 (IANS) In a significant boost to India’s travel and economic growth, Adani Airport Holdings Limited (AAHL) and IHG Hotels & Resorts have signed a landmark, managed hotel portfolio agreement to develop five hotels across key airport-linked and high-growth urban destinations.The agreement will add close to 1,500 keys across multiple brands and locations, in line with IHG’s growth plans for India and aligning with rising travel demand and the rapid expansion of India’s aviati…
Chennai, May 2 (IANS) Food prices at restaurants across the city are set to rise sharply following a steep increase in the cost of commercial LPG cylinders, a move that is expected to significantly impact both eateries and consumers.Popular breakfast items such as idli, dosa and pongal could see price hikes of up to 40 per cent in the coming days, as restaurants struggle to cope with mounting operational costs.Industry estimates suggest that a plate of pongal currently priced at ₹80 may increa…
New Delhi, April 17 (IANS) India’s construction market, currently valued at $685 billion in 2025, is projected to touch $1.2 trillion by 2034 at a CAGR of 6.9 per cent driven by sustained infrastructure investments and urban development, a report said on Friday.The report from Savills India and Hotelivate said that demand for offices remains robust, driven by GCC expansion and occupier preference for Grade-A, sustainable workspaces. Construction costs rose by 6.4 per cent–7.6 per cent, large…
New Delhi, April 14 (IANS) India’s listed hotel operators are expected to add over 70,000 keys by 2030 as the sector moves from post‑pandemic recovery into structural maturity, a report said on Tuesday.The report from CBRE South Asia Pvt. Ltd. said the sector’s market size is expected to rise from $24.6 billion in 2024 to around $31 billion by 2029, driven by domestic tourism, which posted a 40 per cent YoY rise to 4.1 billion visits in 2025.The supply pipeline in 2025 shifted decisively t…
Chandigarh, March 30 (IANS) Punjab Excise and Taxation Minister Harpal Singh Cheema on Monday said a massive Rs 200 crore turnover evasion racket in the hospitality sector has been exposed. With 882 establishments already under the scanner and Rs 2.02 crore recovered so far, Cheema said the investigation is rapidly expanding and the total evasion could surge to nearly Rs 500 crore as more data is analysed. Flagging how major urban centres like Mohali, Jalandhar, and Ludhiana have emerged as key …
Bengaluru, March 27 (IANS) Karnataka on Friday pitched for a higher allocation of LPG for commercial use, particularly for the hospitality sector, during the Prime Minister–Chief Ministers’ meeting, even as Prime Minister Narendra Modi called for Covid-style coordination between the Centre and states to tackle the current situation.Karnataka Food Minister K.H. Muniyappa, who represented the state at the virtual meeting in the absence of Chief Minister Siddaramaiah, said the state urged the Cen…
Amaravati, March 12 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday announced that the government is considering the proposal to establish an Electronics City near Hindupur.CM Naidu also announced that a Creative City will be established in Amaravati to encourage content creators, AI, film and creative industries, aiming to boost the creative economy in the state.Addressing the district Collectors’ conference on the second day, he stated that the government is developing …
New Delhi, March 2 (IANS) India’s GDP growth for FY27 is likely to touch 7.2 per cent and FY26 growth could be revised up to 7.8 per cent from 7.6 per cent in the subsequent GDP estimates from the government, a report said on Monday.The report from HDFC Bank said the new GDP series with base year 2022‑23 confirms India’s healthy growth performance in this fiscal, adding the growth estimates will rise going forward given strong high‑frequency indicators in Q4.The nominal growth for FY27 is …
New Delhi, Feb 26 (IANS) India Inc. is expected to sustain year‑on‑year revenue growth of 8–10 per cent in Q4 FY26 and expand operating profit margins by 50–75 basis points, supported by firm rural demand and a gradual urban consumption recovery, a report said on Thursday.The report from ratings agency ICRA said the credit metrics are expected to remain healthy, with interest coverage ratio likely at about 5.3–5.5 times, broadly stable compared to 5.3 times in Q3FY26.”Domestic rural de…