Page 8 - Hospitality Industry

Oyo to offload more loss-making hotels amid Covid-19 outbreak: Report

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt

Covid-19 fallout: Hotel industry revenue likely to slip by Rs 90,000 cr

Given the evolving scenario, the consultants said they have revised earlier estimates of the overall revenue loss that the industry would face in 2020

Covid-19 impact: Tourism industry to incur Rs 1.25 trn revenue loss in 2020

During April-June, the Indian tourism industry is expected to book a revenue loss of Rs 69,400 crore, denoting a year-on-year (y-o-y) loss of 30 per cent

Odisha hoteliers ask for tourism marketing plan before lifting lockdown

An announcement of a robust tourism policy laced with incentives can be a major impetus for tourism infrastructure in the state, say hotel guild

Lockdown impacting hospitality sector; needs govt support: Industry

The government has also requested industries to not lay off staff and cut salary, where in liquidity is a problem

Cognizant withdraws full-year guidance for 2020 amid Covid-19 uncertainties

The withdrawal comes on the back of falling client demand, expecially in the travel and hospitality space

Airlines, hotels stare at uncertain future amid coronavirus spread: CARE

The aviation industry, which includes airports and their vendors and suppliers, might not fully recover soon from the impact of the coronavirus disease (Covid-19) pandemic.

Covid-19: Govt bailout must to salvage airlines and hotels, say analysts

CARE says domestic airlines face severe cash flow pressures as they won't fly till mid April; airfares may remain low and certain routes may have to be scaled down

NPA norms may be eased, tax deferment likely in coronavirus healing touch

These are among the measures that could be discussed in the Covid-19 Economic Response Task Force

ITC Hotels has an aggressive growth strategy in place, says Nakul Anand

ITC Hotels offers comprehensive hospitality solutions through more than 100 hotels in over 70 destinations in the country

Recipe for growth: Don't bet everything you have, says Lemon Tree's Keswani

The fast-talking Keswani tells Pavan Lall what he learnt from former boss Russi Mody, how he was let down by a private equity investor and why he launched an upscale hotel in Udaipur

US October job growth beats expectations despite General Motors strike

Job growth has slowed this year, averaging 167,000 per month compared with an average monthly gain of 223,000 in 2018

Good news: Your stay at luxury hotels to be less expensive from today

Travellers staying in a hotel room costing over Rs 7,500 per night will now have to pay GST of 18 per cent, against 28 per cent earlier

Beyond aggregation

Food aggregators, partners must work out an equitable solution

Big blow to Indians: Saudi Arabia may ban foreigners from hospitality jobs

As Saudi Arabia tries to develop its fledgling tourism industry, its also tackling citizen unemployment, which hit a high of nearly 13% last year

Hospitality industry likely to grow by 9-10% through FY23, says Icra

The domestic demand in FY19 will continue to be driven by increased air connectivity, and higher appetite for domestic leisure travel