Page 3 - Hospitality Sector

Recovery play? Brokerages see up to 40% upside in this Jhunjhunwala stock

Shares of Indian Hotels Company have rallied 105 per cent from its 52-week low levels hit in May last year

Pick-up in leisure travel helps hotels post sequential revenue growth

Cost cutting initiatives by Indian Hotels, EIH helps restrict loss at the operating level

After Budget newsflow on GST rates, demand hold key for ITC stock

Shares of the cigarette maker hit 52-week high after the Budget left taxes unchanged

A fourth of rooms at risk if Budget doesn't help sector: Hotel bodies

Urge infra status for hotels worth over Rs 25 crore, lower GST and income tax rates

People are realising they can't stay locked forever: Sudeep Jain of IHG

In a Q&A, the Southwest Asia MD of the hotel chain says sentiment in the hospitality sector is improving with the reduction in the number of Covid-19 cases and vaccination drive

OYO to make further investments in Europe: CEO Ritesh Agarwal

Agarwal was speaking at the India Symposium 2020, organised by the Institute of Chartered Accountants of India (ICAI) Netherlands Chapter and India Dutch Financial Corridor (IDFC)

US-focused disounts make Black Friday sale a white space in India

Post-Diwali weeks are dull here as most of the shopping budget is spent during Dussehra and Diwali period in the country

Relief & uncertainties for hospitality sector: A reality check amid Covid

Business Standard's Nivedita Mookerji does a reality check from Ground Zero. Listen to this podcast

Hospitality firms may go for fund raising to stay afloat as recovery eludes

EIH's successful rights issue to help firm reduce debt substantially, paves way for more companies to actively consider fund raising

Hospitality finds little room in Kamath panel's debt restructuring plan

Majority of hotels do not meet the eligibility criteria of the RBI-appointed panel

We're seeing huge demand from ecommerce, BFSI, says Startek's Rajiv Ahuja

"The future of work, according to me, will be hybrid -- work from home and brick and mortar."

Hospitality major EIH gets board approval to raise up to Rs 350 cr

The rights issue price has been fixed at Rs 65 per equity share, including a premium of Rs 63 per equity share over face value of Rs 2 per share, it added

Kamath panel recommendations: Implementation to be key, say hotel execs

Hospitality firms say banks should be willing to restructure

OYO India offers voluntary separation or leave extension to employees

Post-unlock, the company started tracking to 30 per cent of pre-Covid-19 occupancy levels, OYO India said in a statement

Metro Cash & Carry to roll out 6 small-format stores focussing on kiranas

The wholesale chain currently 27 stores catering to kiranas, Horeca and hospitality sectors; the new stores will be half the size of earlier Metro stores, covering an area of 20,000-25,000 sq ft

Hospitality firms look at one-time debt restructuring as moratorium ends

On account of being highly leveraged, 15 per cent of the total 160,000 rooms are at a risk of being shuttered forever according to hotel industry estimates

Traders' body urges govt to probe Chinese investments in Indian startups

In a letter to Commerce and Industry Minister Piyush Goyal, CAIT shared a list of 141 prominent Indian startups claiming they have significant Chinese investments

Signs of gradual recovery visible across different sectors in July

Retail sales of passenger vehicles and two-wheelers have touched almost 85% and 60% of pre-Covid levels, from a situation of zero sales in April

Indian hotel industries' Revenue Per Available Room down 43.5% in 2020: JLL

Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 81 per cent in Q2 2020 compared to Q2 2019

GVK Group cuts salaries by up to 30% from May as Covid-19 impacts business

The diversified group, which is into energy, resources, airports, transportation, hospitality and life sciences sectors, has around 1,800 workforce