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Latest Articles in Hospitality

Tourism Finance Corporation of India Reports Net Profit at Rs 24 cr for Q3FY-21; Net Income up 6.19%

Anirban Chakraborty, TFCI MD and CEO says the Loan Book of TFCI stood at Rs 1,989 crore (of which 82 per cent is towards the MSME segment) with fresh disbursements of Rs 200 crore made in Q3 FY21.

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How Does 2021 Look For The Hospitality Industry?

ICRA estimates that FY2021 revenues and margins are expected to decline sharply and that the industry will take over two years to reach normalcy and pre-covid revenue levels.

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Why Hospitality Is Bullish On The Post-Pandemic Era

The Indian hospitality and tourism industry is looking at a potential job loss of around 38 million, which is 70 per cent of the total workforce, as per a re­port by KPMG.

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Transformative Role Of Design In The Hospitality Industry

78% of millennials prefer buying into an experience rather than a physical product. Thus, the design, architecture and aesthetic of the place play a huge role in attracting customers.

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Decoding The New Trends Of Luxury

The hotel industry has gone back to the drawing board and started introducing new and innovative approaches to combat the fallout of the pandemic

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Redefining Luxury Hospitality

Luxury hotel space has upped its game by tapping into new opportunities while retaining its ‘wow’ factor

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Industry Bodies Welcome Maha Govt's Decision To Re-open Eateries, Bars From Oct 1st week

Restaurants and bars in the state have been closed down for six months since the lockdown and only takeaways and home delivery were allowed.

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Pandemic Deals 'Crushing Blow' To Struggling Kashmir Tourism

Now hoteliers, taxi drivers and others relying on tourism in the region say the pandemic has compounded the financial shock to the industry and they fear it could take years to recover.

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Strong Govt Policies Needed To Build Traveller’s Confidence, Say Experts

Experts suggested that short vacations and holidays nearer to home are likely to be in trend post COVID-19. They called for uniform protocols across states to attract domestic tourists and tap those who go out of the country.

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Court Orders FIR Against Ex-minister Arun Shourie For Udaipur Hotel Sale

The CBI court also directed the filing of cases against three others associated with the sale two decades back of Laxmi Vilas Palace Hotel in Udaipur, during the term of the Atal Bihari Vajpayee-led National Democratic Alliance government at the Centre.

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India’s Hotel RevPAR Declined 43.5% In H1 2020

All key 11 markets in India reported a significant decline in RevPAR in Q2 2020 y-o-y; Goa saw the sharpest decline in RevPAR in Q2 2020 Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of 81%Vande Bharat Mission remains a major demand generator for hotels in key cities

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How The Restaurant Industry Is Redefining Customer Experience

Cloud Kitchens, QR codes for menus, contactless digital payments are some of the ways in which restaurants are providing a safe experience to customers.

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‘Unlock 3’: A Ray Of Hope For Hospitality

Lockdown has brought the hospitality industry to a standstill; however, the hospitality sector has outlived infinite challenges and Covid-19 will be no exception. Unlock 3 is the beginning for the same.

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Oyo Appoints Steve Albrecht As Non-Executive Director On The Board

Steve is a former president of the American Accounting Association and the Association of Certified Fraud Examiners.

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