Hospitality - Latest News, Analysis, Opinion

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Latest Articles in Hospitality

Tourism Finance Corporation of India Raises Rs 400 Million Via Market Linked Debentures

BW Online Bureau

Companies & Markets Sector Reports Hospitality

The debentures which were issued on a private placement basis, are slated to mature in 36 months.

InterGlobe Technology Quotient, EaseMyTrip Announce Agreement Worth $10 Million

BW Online Bureau

Companies & Markets Sector Reports Hospitality

The agreement is worth $10 million as advance revenue from ITQ.

Radisson Hotel Group Announces 100 Operating Hotels In India

BW Online Bureau

Companies & Markets Sector Reports Hospitality

Focused on the needs of today’s travelers, the Group has evolved its portfolio by introducing hotels and resorts that offer contemporary indulgences, elevated guest experiences and superior design quality.

TFCI Board Approves Capital Raise Of Rs 65.18 Cr Led By Marquee Investors

BW Online Bureau

Companies & Markets Sector Reports Hospitality

The transaction is subject to customary regulatory approvals as well as shareholder approval in ensuing Annual General Meeting (AGM). Prime Securities has been appointed as advisors to TFCI on this fundraise.

Goa Industry Urges CM To Announce Opening Of Chartered Tourism By Oct

BW Online Bureau

Companies & Markets Sector Reports Hospitality

While domestic tourists can visit Goa with COVID-19 negative report or fully vaccinated certificate, international travellers are not being allowed in the state since the outbreak of COVID-19 in early 2020 when a nationwide lockdown was imposed and flights from overseas were suspended.

TFCI Q1 PAT Jumps 28% YoY To Rs 21 Cr

BW Online Bureau

Companies & Markets Sector Reports Hospitality

While the second wave of the pandemic impacted, not just the tourism sector, but also all other contact intensive businesses in the country, tourism financing institution was able to pave the way for a promising FY 22, with an 8 per cent growth in its AUM and a 10 per cent rise in Net Interest Income to Rs 1980 crore and Rs 32 crore respectively for the quarter ended June 30, 2021.

India Medical Body Says No To Reopening Tourism Due To COVID-19 Threat

BW Online Bureau

Companies & Markets Sector Reports Hospitality

But experts worry that a third wave of infections is not far off as travel restrictions are eased in various parts of the country.

TFCI’s Healthy Financials Make Them Well-Positioned For Achieving Sustained Growth Momentum

BW Online Bureau

Companies & Markets Sector Reports Hospitality

With a CAR of 39.87%, the company is well capitalised to grow its books exponentially in future.

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

BW Online Bureau

Companies & Markets Sector Reports Hospitality

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.

How Does 2021 Look For The Hospitality Industry?

Akaal Manchanda

Companies & Markets Sector Reports Hospitality

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.

Why Hospitality Is Bullish On The Post-Pandemic Era

K. B. Kachru

Companies & Markets Sector Reports Hospitality

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.

Transformative Role Of Design In The Hospitality Industry

Rhea Mehta

Companies & Markets Sector Reports Hospitality

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.