Page 4 - Hotel Industry

Unlock 1.0 details, PM Modi's 'Mann Ki Baat' and coronavirus updates

Modi noted how India has fared much better than many parts of the world in fighting the pandemic

The price of liberty

With travel and Covid in the blood, which one will win, and at what cost?

Covid-19 impact: No comfort in hotel stocks as recovery pushed to FY23

Expectations of a slow recovery, high fixed costs and debt worries are putting off investors

Covid-19: Hotel revenue per room drops 13-29% in Jan-Mar across 11 cities

"The impact of Covid-19 has severely impacted the domestic hotel and hospitality sector in Q1 2020," property consultant JLL India said in a report

'Pay now, check in later': Hotels offer incentives to tide over Covid-19

India's hotel industry may lose Rs 90,000 crore this calendar year, owing to the nationwide lockdown imposed to curb the spread of Covid-19 according to a recent report by HVS and Anarock

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 fallout: Faced with existential crisis, hotels re-imagine business

Executive lounges with happy hours and complimentary hors d'oeuvre, free pickups, and complimentary laundry that have been the norm-- not anymore, when hotels open doors to guests post the lock-down

SoftBank's $2-billion guarantee at risk as pandemic hits Oyo business

Oyo risks turning into another problem startup for SoftBank and Son, still reeling from the meltdown at the shared-office company WeWork.

Hotel owners consider salary cuts as cities go under coronavirus lockdown

Unable to take the losses, some like Ferns Hotels & Resorts have already decided to bite the bullet on salary cuts

Covid-19 impact: Hoteliers seek Modi's help on loan deferment, GST holiday

Industry body writes to PM seeking protection of Cibil scores, deferment of advance tax, EPF and ESIC

Hotel stock investors fear June quarter due to coronavirus impact

Hotel stocks are likely to remain under pressure until the situation comes under control

IHCL gets permission to build flagship hotel for Ginger brand

Ginger now operates 50 hotels, and is developing another 16

Room for more: Oyo to raise another $1 bn as it adds stars to its hotels

The plan is to take up luxury properties in India and abroad

EIH cites general slowdown, drop in airline catering for dismal Q1 show

The firm, which owns the Oberoi chain of hotels, posted a pre-tax loss of Rs 11 crore compared to Rs 16 crore profit a year ago

London Bubble to operate in select OYO Townhouse properties across India

The tie-up will help OYO monetise its assets better and help add more value to its guests

Hotel industry won't have discretionary pricing power anytime soon: SAMHI

SAMHI, a hospitality sector asset owner with a portfolio of 30 hotels and 4,000 rooms, works with multiple brands from leading hotel chains like Marriott and IHG

Higher check-ins boost occupancy at branded hotels to 9-year high

Tariff growth icing on cake; trend expected to continue in FY18

Hotel industry demands policy for unregulated room rentals

Industry also demand actions to increase tax compliance from these rentals