Articles tagged “indian hotels company”

The Indian Union Budget last week was a disappointment, but there was a bright spot with IndiGo, MakeMyTrip, and IHCL all reporting profitable quarters in their earnings calls.

Despite the gains, international travel continues to remain a pain point for India's tourism sector. The Economic Survey, which precedes presentation of the Indian Budget, has emphasized on the recovery of this segment for India. It could indicate a higher allocation to the tourism sector in the Budget set to be presented on Tuesday.

As more people in India are seeking upscale living options that blend luxury with convenience, IHCL is leveraging its strong brand and hospitality expertise, to step into this space to meet these evolving demands.

We're always talking about growth in India, and the hotel industry has had a significant number of branded signings and openings this year. But in May, there was a significant decline in average daily rates and revenue per available room compared to April.

Indian travelers are becoming an important source travel market across the world. A new report highlights the preferences of the high net worth traveler base and what they are willing to spend on.

Driven by an increase in spending power, Indians are traveling to the U.S. in huge numbers. Gains are further boosted by major sporting events held in the U.S., as Indian sports fans are willing to travel far for events.

Hotel companies are betting big on the smaller towns in India. With spiritual tourism accounting for 60% of the domestic tourism, the segment is likely to drive the growth in the Indian hospitality industry for the next few years.

With India's travel and hospitality industry thriving, it's the perfect moment for Leela to go public. The buzz around IPOs is definitely heating up, and more companies are feeling confident to jump into the market and raise funds.

Indian travelers are becoming an attractive source market, a McKinsey says. And a boom in the domestic travel market is leading to "substantial investments."

From 'Wed in India' and hosting the G20 Summit to high-end convention centers, India has been upping its efforts to attract international tourists. But what are these travelers looking for? We reached out to luxury boutique hotels to find out.