Articles tagged “itc hotels”

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.

ITC shareholders approved the company’s plan to spin off its hotel business, retaining a 40% stake, with overwhelming support from minority shareholders.

The Competition Commission of India approved ITC Ltd’s demerger of its hotel business into the newly independent, publicly listed ITC Hotels Ltd, with ITC retaining a 40% stake and 60% distributed to shareholders.

Indians are being more mindful of the impact of their journeys on the environment – and it is changing the way they live their everyday lives, according to a report from Booking.com. We look at some of the steps the government and industry are taking in response.

Religious tourism is booming in India and hospitality companies are now catching up to cater to this demand.

While there are several co-branded credit cards offered by airlines and hotels, banks releasing travel-focused core credit cards indicates a shift in consumer preference and the rising popularity of travel credit cards in India.

Travel and tourism industry accounted for around 6% of India's GDP in 2022. The country has therefore been focusing on boosting tourism.

Regional air connectivity is a major focus for the India government. Amid this, the commencement of operations by Fly91 highlights the vibrant aviation landscape in the country.

Till a decade ago, roads and railways were major means of transportation between places other than metros and tier 1 cities in India. The inauguration of these airports plays a key role in regional air connectivity.

Think of it as game and you may not understand the frenzy, but then again cricket is an emotion in India!