Hotel industry to see modest 6% growth in FY16: ICRA

Last Updated: Tuesday, June 30, 2015, 19:26

The revenue growth for the industry is expected to remain weak in the first half of 2015 with a growth rate of just 3 to 4 per cent and operating margins are likely to be flat, it said.

ITC to invest Rs 8,000 crore in Telangana

Last Updated: Friday, June 12, 2015, 18:11

"As a commitment from ITC we assure you that we will be investing Rs 8000 crore in the state of Telangana. We will expand our paper plant capacity and set up a new hotel in Hyderabad,"

Taj Group sees turnaround in two years

Last Updated: Monday, April 20, 2015, 23:11

Taj Group, owned by Indian Hotels, which is weighed down by mounting losses and heavy debt Monday said it sees the group turning around and reporting profit within two years.

Indian hotel tariff declines 2 per cent in 2014: Report

Last Updated: Sunday, March 8, 2015, 12:23

Despite hotel tariff rising globally due to an improving world economy, it declined in Asia, including India, by two per cent during 2014, making it the second consecutive year the region reported a tariff decline, says a recent survey.

Hotel industry revenue may grow 9-11% in FY16: ICRA

Last Updated: Monday, February 23, 2015, 19:44

Indian hotel industry revenue is expected to grow by 9-11 percent in 2015-16 -- after a subdued growth rate of 5-8 percent in the current fiscal, rating agency ICRA said in a report.

HHI plans Rs 350 crore investment for expansion

Last Updated: Thursday, October 4, 2012, 12:19

HHI Group plans to invest Rs 350 crore by 2015 on adding 500 rooms.

'Service tax hike to make hotel rooms more expensive'

Last Updated: Thursday, March 22, 2012, 17:24

The government's decision to increase service tax to 12 percent will make hotel tariffs more expensive, and will have an impact on overall occupancy and business for hotel companies, leading hoteliers said on Thursday.