INDIA HOTEL

Men's T20 World Cup winning Indian team finally lands in New Delhi

Top hotel chains expanding in the North East

Estimates shared by JLL with ET showed a sharp rise in branded new hotel signings in the Northeast in 2023 with about 1,230 keys signed, up from around 449 keys signed in 2022.

Indians up their game on foreign vacations with luxury hotels, formula 1 drives and epic train rides

Indians are driving luxury travel in the Asia-Pacific region, with 89% of them planning to spend more in the next 12 months. This is according to a report released Monday by Marriott International on high networth travellers in the Asia Pacific.

Hotel stocks in focus; Lemon Tree, India Hotels could give 9-20% return in next 1 year

India's hospitality sector sees robust growth with increasing demand for branded rooms, particularly in urban hubs and the luxury segment. Growth is sustained by infrastructure development and rising business travel, reflected in increased RevPAR and corporate rate hikes.

Stocks in news: JSW Infra, Stanley Lifestyles, SAMHI Hotels, Bank Of Baroda, IREDA

Indicating that the company is still interested in the mega Tajpur deep sea port in West Bengal, JSW Infrastructure Ltd said that it remains open to re-evaluate its strategy for the project.

Heatwaves burn a hole in hotels' revenue growth

Heatwave conditions and the seasonality of the hotel business impacted revenue growth in May 2024, with average revenue per available room growing only 2-3% year-on-year. Despite air passenger traffic rising 4.4%, occupancy rates remained flat at 60%. High temperatures affected leisure destinations, while business hotel demand recovered in major cities. Analysts expect similar trends in June and muted booking growth for the quarter.

By 2027, no of branded residences projects forecast to increase to 1200: Noesis Capital Advisors Report

While the Noesis analysis shows that the price premium of such residences globally is very high, in comparison, India currently sees a price premium of around 21-40% as per the market. The company said there is no reason to indicate why this number cannot go up in the future.

These 4 F&O stocks saw a high increase in futures open interest

Stocks in news: HCL Tech, Polycab, SAMHI Hotels, Archean Chemical, Ambuja Cement

Sagar Cements re-appointed S Anand Reddy as Managing Director and S Sreekanth Reddy as Joint Managing Director of the company for a period of three 3 years.

Tata Group is India’s most valuable brand: Report

Tata Group has maintained its position as India’s most valuable brand with a brand value of $28.6 billion, according to the latest Brand Finance India 100 2024 report. The group's Taj hotel brand also secured the top spot as India’s strongest brand. Infosys follows as the second-most valuable brand with a brand value of $14.2 billion, showing a steady 9% growth. HDFC Group surged to the third spot with a brand value of $10.4 billion following its merger with HDFC Ltd.

Radisson Hotel Group adds 10 new hotels to its pipeline in South Asia

Radisson Hotel Group has signed 10 new hotels across its brands, including Radisson Blu, Radisson, Radisson Individuals, and Radisson Individuals Retreats. The group entered five new markets and will be the first to open internationally branded hotels in Jawai, Sagar, Yavatmal, Ooty, and Calicut. The Radisson Blu Hotel, Nathdwara Stadium, Rajasthan, features 234 rooms and is India's first Cricket Stadium Hotel.

F&O stocks to buy today: RIL, Federal Bank among top 6 trading ideas for 18 June 2024

On the options front, the weekly maximum Call OI is placed at 24000 and then towards 23500 strikes, while the maximum Put OI is placed at 23400 and then towards 23000 strikes.

A break above 23,500 may clear Nifty’s path to 24,000

Technical charts, options data, and India VIX levels suggest possible consolidation for the Nifty within the 23,200-23,600 range this week. If the index anages to close decisively above 23,500, it could move towards 24,000, analysts said. M&M, TVS Motors, Bharti, Indian Hotels, ICICI Lombard, Cipla, JB Chemicals, harmabees, and Hindustan Zinc are some of the stocks recommended by the analysts for trading.

Taj reclaims crown of world's strongest hotel brand

Indian Hotels Company (IHCL), the largest hospitality company in India, announced that its iconic brand, Taj, has reclaimed its title as the World's Strongest Hotel Brand according to Brand Finance's 'Hotels 50 2024' annual report. The report recognized Taj's brand value, which increased by 45% to $545 million, making it the world's strongest hotel brand with an AAA+ rating. Taj also ranked as the second-fastest-growing brand globally.

Radisson Hotel Group to open its first hotel in West Bengal

Radisson Group of Hotels signed its first hotel in West Bengal, Radisson Hotel Siliguri. The hotel is set to open by Q2 2028.. The hotel aims to enhance connectivity to northeastern cities and neighboring countries. The property will offer 150 rooms, a fitness center, event spaces, dining options and a swimming pool.

Corporate travel sees a drop amid extreme weather, election heat

The industry expects corporate travel to pick up soon, with the arrival of monsoon rains, schools opening, and work life getting back to normal after the elections.

ITC Hotels to have a net worth of Rs 10,000 crore and debt-free balance sheet

As of March 2024, ITC Hotels' capital structure stood at approximately Rs 207.85 crore. However, this figure may see slight adjustments on the listing day due to the issuance of shares under the ESOP scheme, according to Puri. This information was shared with shareholders on Thursday during an NCLT-convened audio-visual meeting of ITC Ltd shareholders concerning the demerger process.

Reliance Industrial Infra, Manappuram Finance, Indian Hotels among 3 stocks in focus this week for dividends & other corporate actions

Key financial announcements include dividend declarations by Reliance Industrial Infrastructure, Manappuram Finance, Indian Hotels, IndiaMart InterMesh, SMC Global Securities, Uno Minda, Home First Finance, Himadri Speciality Chemical, ICICI Lombard General Insurance, and JM Financial. Sharda Motor Industries approved a buyback, while Motilal Oswal announced a stock split.

Travel demand to outpace supply for next decade: Yezdi Nagporewalla

But you will always have a mismatch between demand and supply and it is largely because the hospitality sector is interdependent on other aspects like infrastructure, like hygiene, like safety, and those aspects. So, the entire ecosystem actually has to fall into play to make it comparable with developed places.

ITC hotel demerger plan gets competition watchdog's approval

The Competition Commission of India (CCI) has approved the demerger of ITC Ltd's hotel business into a separate entity, ITC Hotels Ltd. The new entity will be listed on stock exchanges after the demerger. ITC will continue to hold a 40% stake, while the remaining 60% will be held by the conglomerate's shareholders. The proposed internal restructuring exercise will not alter market dynamics.

IHCL opens 86-key Ginger hotel in Nagpur

IHCL opened an 86-key Ginger hotel in Nagpur near Dr Babasaheb Ambedkar Airport, offering seamless connectivity to the new metro line. The opening aligns with IHCL's vision of establishing a presence in key commercial centres.

Temperature surges, so does summer travel this year

According to MakeMyTrip's summer travel trends, the family travel segment has grown by 20% this year, as compared to the summer of 2023, while solo travel grew by 10% over last year's numbers. In terms of most booked holiday packages this summer, destinations with cool mountain terrains are the top picks with Himachal Pradesh, Kashmir, Goa, Kerala and the North East emerging as most sought after places.

Radisson Hotel Group to open a hotel every 20 days in India this year, says top exec

"People are visiting religious destinations far more than pre Covid times. We were the first to launch a branded hotel in Ayodhya before the Ram temple inauguration. The hotel clocked an average daily rate of Rs 1.15 lakh in the first month. It is still sold out on most days and the average daily rate is Rs 30,000 now,” said Nikhil Sharma, the chain’s new managing director.