Premium hotel inventory addition is expected to lag demand and grow at a CAGR of 3.5-4% over the next five years
Business
Posted inBusiness
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.
Posted inBusiness
Mahindra Holidays and Resorts India Ltd. announces its results for Q2 and H1 FY23
Highest ever Q2 standalone income of Rs. 302 crores, growth of 14% YoY, Q2 resort income at Rs. 68 crores, growth of 34% YoY
Posted inBusiness
Air India signs agreement to acquire AirAsia
Commences process to merge with Air India Express into a single Low-Cost Carrier
Posted inBusiness
MakeMyTrip Q2 Results
Quarterly gross bookings growth at 126.3% YoY, $15.1 million adjusted operating profit
Posted inBusiness
Wyndham Hotels and Resorts signs a new hotel- Wyndham Garden Sonipat Murthal in India
Expected to open in 2023, Wyndham Garden Sonipat Murthal will be located on National Highway 44, connecting Delhi to the North India states of Punjab, Himachal Pradesh, and Jammu, and Kashmir
Posted inBusiness
Lemon Tree Hotels signs a new hotel in Haridwar
This property is expected to be operational by end of CY 2024
Posted inBusiness
Unveiling Luxmi Tea’s new avatar; Luxmi Teas become Luxmi Estates Â
Luxmi Tea, one of India’s largest tea producers steps towards a divine connection to become Luxmi Estates
Posted inBusiness
Milkshake brand Keventers onboards jubilant as a minority partner
The investment is expected to help accelerate the brand’s plan to open over 300 stores in the next 3-4 years
Posted inBusiness
Artha Venture Fund ties up with IIM Kashipur to lead a pre-seed round in an FMCG brand Himshakti
Funds raised to be used for marketing and sales and improved packaging of the products