Page 2 - Hotel Sector

Hotels in discussion with banks on loan recast after moratorium ends

For one, hotels with standard loans are in discussion with banks on increasing their terms by another 12 months.

Hotel stocks gain as Maharashtra govt eases lockdown restrictions

Shares of Kamat Hotels (India) were locked in upper circuit of 20 per cent

Delhi Hotel, Restaurant Owners' Association bans Chinese nationals, goods

Estimates suggest, out of the 75,000 budget hotel rooms in the capital, nearly 4 per cent, or 3,000, are occupied by Chinese guests, on an average

Unlock 1.0: Hospitality gets ready with new codes, more focus on hygiene

While new SOPs framed around government mandates are in work, eateries may be harder pressed to make them work

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

MakeMyTrip partners premium hotels to launch online delivery service

With dine-in experiences coming to a halt due to the coronavirus pandemic-triggered lockdown, the company aims to bring culinary experiences from top restaurants to the doorstep of customers

India Inc wants govt to shift focus to economy amid Covid-19 outbreak

CEOs warn of economic depression, say need to work within new normal

Quarantine hotels: It's business unusual amid coronavirus outbreak

Leading hotels are taking all precautions but the unusual service the staff has been pressed into puts them at the forefront of Covid fight

Hotel stock investors fear June quarter due to coronavirus impact

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

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

Hotel Leelaventure, TAJGVK, Lemon Tree jump up to 15% on GST rate cut hopes

Hotel Leela and TAJGVK Hotels were up 15 per cent and 11 per cent, respectively, while Royal Orchid Hotels, Oriental Hotels, EIH and Lemon Tree were up in the range of 3 to 5 per cent.

Hotel sector poised for a rebound. Should you check in?

With high cost of land and limited avenues of financing, the room supply growth is expected to moderate to 7.9 per cent CAGR over the next three-four years.