Page 2 - Indian Hotels

Collectors should crack whip on violators of service charge norms: CCPA

Amid rising complaints related to levying of service charge by hotels and restaurants, regulator CCPA has asked state chief secretaries to create awareness about the new guidelines

Hotel industry sees growth as daily room rates, occupancies over 2019 level

Mumbai hotels recorded an occupancy rate of 80 per cent in May 2022, which was followed Pune and Bengaluru, consulting firm HVS Anarock said

Hospitality industry outlook looks quite strong: Chandrasekaran at IHCL AGM

The hospitality industry is expected to do well going forward barring unforseen situations, and occupancy of Indian Hotels Company Ltd is expected to rise, company's chairman N Chandrasekaran said

F&O Strategy: Four reasons why Nandish Shah recommends buying Indian Hotel

The technical analyst from HDFC Securities recommends buying Indian Hotel June future for a target of Rs 232.

Titan, Lupin, Indian Hotels: How to trade Rakesh Jhunjhunwala-owned stocks

Titan and Lupin seem poised for solid gains among Rakesh Jhunjhunwala's portfolio, while shares of Lupin, Star Health and Jubilant Pharmova can be avoided for now.

Indian Hotels re-appoints Puneet Chhatwal as MD & CEO for 5 yrs from Nov 6

Tata group hospitality firm Indian Hotels Company Ltd (IHCL) on Tuesday said its board has approved the re-appointment of Puneet Chhatwal as Managing Director and CEO for another term of five years.

Indian Hotels to stay the course on asset monetisation for growth

Hospitality chain says its needs 'see what we need and what we don't' as it goes on monetisation plan.

Indian Hotels unveils 'Ahvaan 2025' for profitable growth; stock gains 4%

The company aims to build a portfolio of 300 hotels, clock 33 per cent EBITDA margin with 35 per cent EBITDA share contribution from new businesses and management fees by FY 2025-26.

Pandemic lessons: Hotel brands, asset owners go for revenue sharing route

While IHCL has been at it for some years now, for Concept and Kamat Group, which have typically relied on management contracts, it's a first

Indian Hotels surges 6% on healthy Q4 turnaround, strong demand outlook

The management said business outlook is positive with April and May trending ahead of 2019.

Indian Hotels turns in Rs 72 cr profit in Q4 against a loss last year

Firm reports consolidated revenue of Rs 872.08 crore during the quarter as against Rs 615.02 crore in the year-ago period

We see recovery in average rates by 2022-end: IHG's Haitham Mattar

Haitham Mattar, InterContinental Hotels Group's (IHG's) managing director for India, West Asia, and Africa talks about the state of the hospitality sector in India and the learnings over past 2 years

ICICI Securities gives 'buy' call for Indian Hotels, Lemon Tree

Brokerage house ICICI Securities has given a 'buy' call for hospitality stocks such as Indian Hotels Company and Lemon Tree Hotels.

Hotel industry expects traction in occupancy, room rates in 2022: Study

The hotel industry in the country which bore the brunt during the COVID-19 pandemic is on the path of recovery with higher occupancy, increased average room rates (ARR) and spurt in merger and acquisition deals, a study said on Wednesday. Domestic leisure travel is the driving force behind the road to recovery coupled with an increase in business travel, and with most organisations gradually resuming to a full or hybrid work-from-office model, it said. In 2021, the occupancy was 42-45 per cent and the average room rate was Rs 4,300-4,600 which was higher than 2020 but less by 25-28 per cent compared to 2019 levels, it said. We expect India-wide occupancy to improve to 66 per cent in 2022, along with a 28 per cent increase in ARR during the year. We expect occupancy & average room rates to return to pre-pandemic levels by the end of CY22 (calendar year) and by mid-CY23, respectively, HVS ANAROCK president (South Asia) Mandeep Singh Lamba said in the report. The year 2022 started .

Unlock theme stocks may see good times once 'business as usual' revives

Most of the signals are positive, and if sustained, many businesses could see a big rebound

Indian Hotels to eliminate single-use plastic across properties by 2030

Tata group hospitality firm Indian Hotels Co Ltd (IHCL) on Tuesday said it will completely eliminate single-use plastic across all its hotels by 2030, besides committing to skill 1 lakh youths in the next five years as part of its sustainability and social impact measures under a newly launched initiative, Paathya. The company has outlined a host of short and long-term goals for 2030 with a commitment to sustainability, social impact and growth. These include ensuring 100 per cent reuse of wastewater, 50 per cent of energy to come from renewables and 100 per cent of the company's hotels certified to a global sustainability standard. "By 2030, all (our) hotels will be single-use plastic-free, have onsite organic waste management systems, and all of the wastewater will be recycled or reused. Also, 100 per cent of all of our hotels will be EarthCheck certified," IHCL Managing Director & CEO Puneet Chhatwal said while launching the Paathya initiative. Amongst other initiatives that ..

Stocks to Watch: Indian Hotels, TCS, Dabur, Bosch, Ashok Leyland, Insurance

Insurance related stocks could see some action as the India Protection Quotient (IPQ) survey 4, stated that term insurance ownership has gone up from 36 per cent to 43 per cent in the last two years.

Tata Sons to dilute stake in Indian Hotels; looks to raise Rs 2,000 crore

On a standalone basis, IHCL's gross debt was Rs 1,665 crore and it had liquidity of Rs 580 crore, as of December last year

Christmas, New Year help hospitality firms' Q3 earnings as Covid curbs ease

Most hospitality firms, particularly the ones that have a strong presence in the leisure locations, report year-on-year growth.

Indian Hotels checks in with strong growth in Q3, stock up 17% since Jan

Company's metrics are strong but investors should track consistency on demand, room rates and occupancy.