Pride Hotels plans Rs 1,000-crore IPO by December
Pride Hotels is set to launch its initial public offering (IPO) by December 2026, with an issue size of around Rs 1,000 crore, as the hospitality chain accelerates expansion across leisure, wedding,…
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MPD 2047 allows hotels in industrial zones, transport hubs
Master Plan for Delhi (MPD) 2047 has opened up more space for the hospitality industry. Hotels, budget hotels, service apartments and guesthouses will now be permitted not only in designated hotel zones…
ITC Hotels evaluates Dubai offers amid West Asia conflict
ITC Hotels is evaluating multiple offers from property owners in Dubai to manage luxury and premium hotels there, as the region looks to recover from the impact of the US-Iran conflict. Managing…
Mahindra Group appoints Amit Sinha to head holidays, lifespaces
The Mahindra Group has named Amit Sinha as CEO of its Holidays and Lifespaces sector, sharpening focus on real estate and hospitality. Sinha currently leads Mahindra Lifespaces Developers Ltd (MLDL) as managing…
EIH shares drop 6% on mixed Q1 results, expansion plans
EIH shares fell 6% to Rs 307 on Friday after the company reported a 52% quarter-on-quarter profit decline despite a threefold year-on-year jump. Consolidated net profit stood at Rs 120.3 crore for…
Luxury hotel groups expand wellness resorts across India and overseas
Indian luxury hotel groups are expanding wellness offerings as travellers spend more on longer, experience-led stays. EIH, the flagship company of The Oberoi Group, has partnered Bhartiya Hospitality to launch 20 luxury…
Short Independence Day Break Drives Road Trips and Staycations
Travellers are choosing short road trips and staycations over fly-to holidays as Independence Day falls on a Saturday this year. Hotel chains and villa operators told Mint that bookings are ahead of…
