Articles tagged “itc hotels”

ITC Hotels' results show that as long as hotel providers offer a good product, higher room rates are not going to harm occupancy anymore.

While Delhi is very hotel-dense, the message through this land lease is clear: Bring convenient high-end accommodation right to the doorstep of event infrastructure for a suitable MICE ecosystem.

What started as revenge travel post Covid has now changed into Indians taking every event and turning into an opportunity to travel.

Abu Dhabi’s latest move shows that for destinations courting Indian travelers, nothing matches the marketing power of Bollywood.

With India facing a shortage of hotel rooms, ITC Hotels' growth push in untapped markets comes at a timely moment.

ITC's move to demerge its hotel division comes amid positive investor outlook for the industry as demand for travel trumps high pricing.

India's hotel industry has gaps and enough potential to warrant significant growth over the next few years. But whether the players will be able to capitalize is a different question altogether.

India's aviation sector is expanding and people from smaller cities are increasingly looking to fly. Keeping airfares in check is key to ensuring that air travel remains accessible to the Indian middle class, particularly as it makes up for about a third of the country's population.

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.

There is an overall push in India to enhance air connectivity to smaller regions across the country. An increase in number of airports, increase in disposable income, and heightened interest in travel have given airlines the confidence to invest in expansion of their domestic operations. This is leading to Indians traveling more, domestically and internationally.