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Latest Articles in Hospitality
Tourism Finance Corporation of India Raises Rs 400 Million Via Market Linked Debentures
The debentures which were issued on a private placement basis, are slated to mature in 36 months.
Read MoreInterGlobe Technology Quotient, EaseMyTrip Announce Agreement Worth $10 Million
The agreement is worth $10 million as advance revenue from ITQ.
Read MoreRadisson Hotel Group Announces 100 Operating Hotels In India
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.
Read MoreTFCI Board Approves Capital Raise Of Rs 65.18 Cr Led By Marquee Investors
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.
Read MoreGoa Industry Urges CM To Announce Opening Of Chartered Tourism By Oct
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.
Read MoreTFCI Q1 PAT Jumps 28% YoY To Rs 21 Cr
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.
Read MoreIndia Medical Body Says No To Reopening Tourism Due To COVID-19 Threat
But experts worry that a third wave of infections is not far off as travel restrictions are eased in various parts of the country.
Read MoreTFCI’s Healthy Financials Make Them Well-Positioned For Achieving Sustained Growth Momentum
With a CAR of 39.87%, the company is well capitalised to grow its books exponentially in future.
Read MoreTourism 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.
Read MoreHow 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.
Read MoreWhy 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.
Read MoreTransformative 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.
Read MoreDecoding 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
Read MoreRedefining Luxury Hospitality
Luxury hotel space has upped its game by tapping into new opportunities while retaining its ‘wow’ factor
Read MoreIndustry 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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