Indians are now actively opting for insurance covers against unexpected emergencies like travel cancellation for any reason, loss of baggage or mobile device, identity documents theft, home burglary, medical exigency and more when travelling within India or abroad
Business
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Wedding season sees demand for banquet halls jump by 68% and that for jewellers by 43%: Justdial consumer insights
Tier-I cities witness a 22% rise in demand and Tier-II by 48%
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Sinclairs Hotels Q2 PAT up 628%
The Profit After Tax for the quarter increased by 628% to Rs. 155.92 lakh as against Rs. 21.43 lakh in the corresponding quarter in the previous year
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Sterling Holiday Resorts records EBITDA of Rs. 56 Cr. in the first half
Reports a total income of Rs 184 Cr
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Ghost Kitchens India acquires ‘Where’s The Food’ in an equity swap deal
Onboards Harshendar Reddy from WTF as Chief Technology Officer
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Royal Orchid Hotels ltd FY 22-23 standalone revenue at 37.56 Cr in Q2 and consolidated revenue at 58.06 Cr in Q2
The financial details are disclosed below
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Lords Hotels and Resorts set foot in Delhi NCR (Noida)
To feature 65 well-appointed rooms, a banquet, a multi-cuisine restaurant, and a roof-top lounge
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ICRA expects the industry’s revenues and margins to return to pre-Covid levels in FY2023
Premium hotel inventory addition is expected to lag demand and grow at a CAGR of 3.5-4% over the next five years
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Lemon Tree Hotels signs a new hotel in Chandausi, Uttar Pradesh
The property will feature 70 well-appointed rooms, a restaurant, a gym, meeting rooms, banquets and public areas.