Former bureaucrats, diplomats and industry experts at the third annual ET Travel and tourism conclave and awards unanimously felt the need for government and industry to increase investments on responsible and sustainable tourism.
Third ET Travel & Tourism Conclave to deliberate future of Indian hospitality
The third annual essay of ET’s Travel & Tourism Conclave and Awards scheduled at Crowne Plaza Gurugram on November 26, 2024 will see the who’s who of the Indian travel and hospitality industry converging.
Zomato shareholders approve INR 8,500 crore QIP plan
Zomato shareholders have overwhelmingly approved a plan to raise ₹8,500 crore ($1 billion) through a new share sale. The move aims to bolster the Indian food delivery giant’s finances amid fierce competition in the rapidly expanding quick-commerce sector.
Demand to hold ground despite supply growth in Noida, Greater Noida: Anirban Sarkar
The general manager of Radisson Blu Greater Noida analyses the demand-supply dynamics expected to play out in one of the key micro-markets of Delhi NCR which has seen more inventory addition and robust RevPAR growth.
Hotel brands to add 94,000 keys in India by 2029
India is experiencing a surge in branded hotel room construction, with 94,000 rooms slated for addition by 2028-29. Major players like IHCL, Marriott International, and Radisson Hotel Group are aggressively expanding their portfolios, particularly in tier 2 and 3 cities. This expansion is driven by a focus on quality and catering to a diverse range of travelers.
Looking to continue growing at the right pace
Vamsi Mareddy and Sandeep Nagaiah, the co-founders of Paper & Pie speak about the need to expand the business while retaining his workforce.
HC closure notice for HP Tourism hotels: Industry wants govt to see writing on the wall
The Himachal High Court order to close down 18 loss-making hospitality units of Himachal Tourism has kicked up a political storm in the state. However, the tourism industry has a different viewpoint on the whole controversy.
Spark by Hilton will be a disruptor in the premium economy segment: Kahraman Yigit
The co-founder and CEO, Olive by Embassy, on his company’s licensing agreement with the global hospitality giant.
Zomato expects food delivery business to grow 30% annually over 5 years: Rakesh Ranjan
Zomato, India’s food delivery giant, expects its core meal delivery business to grow at an annual rate of 30% over the next five years. The fast growth of delivery apps catering to everything from groceries to food has been turbocharged by soaring demand from affluent and middle-class consumers in India’s bustling metropolitan areas.
IHCL unveils ‘Accelerate 2030’ strategy
Under the plan, IHCL will expand its brandscape, deliver industry- leading margins, double its consolidated revenue with a 20 percent return on capital employed and grow its portfolio to 700+ hotels, said a release.