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Mint

EIH-Oberoi Hotels announces surprise exit from UAE market

Oberoi Hotels will leave the UAE market. The news took employees by surprise on the eve of 18 September. The exit follows the termination of its partnership with the Ajman property's owners, leading to uncertainty about job security as management shifts to another operator.

The Economic Times

NCLAT stays order to re-run Rajesh Business' bankruptcy process

The National Company Law Appellate Tribunal has stayed a lower court's order to restart the bankruptcy process for Rajesh Business & Leisure Hotels after an appeal by ICICI Bank. The tribunal allowed all parties to file replies within two weeks, while staying the order that had cited procedural issues.

The Economic Times

Indian Hotels shares fall 1.19% as Nifty gains

The stock quoted a 52-week high price of Rs 702.65 and a 52-week low of Rs 371.45.

Business Standard

Lemon Tree Hotels signs a new property in Andhra Pradesh

Lemon Tree Hotels has signed license agreement viz Keys Lite by Lemon Tree Hotels in Vijayawada, Andhra Pradesh.

The Economic Times

Share price of Indian Hotels falls as Sensex gains 197.67 points

Promoters held 38.12 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 27.19 per cent and 13.71 per cent, respectively.

Business Standard

Indian entrepreneur sells private arm of UK-based Tails Trading Group

Tails Trading Group, a UK-based supplier of multi-category consumer packaged goods led by an Indian entrepreneur, has announced the sale of its private labelling arm to a large international investor consortium for GBP 395 million. The group's labelling division has been a key supplier of a wide range of products including food and beverages, personal hygiene items, small domestic appliances and household cleaning products, with its diverse client base made up of large retailers, hotels, airlines and regional importers across North America and Europe. Terming this as a strategic move marking a significant milestone in his company's evolution, Siddharth Shankar, CEO of Tails Trading Group, said in a statement this week: We welcome this bid and are confident that the business and its social impact are safe, if not in better hands, with the new management. According to the group statement, the investor consortium is led by energy major NetOil and includes companies from the consumer ..

The Economic Times

Indian Hotels shares rise 0.26% as Nifty gains

The stock quoted a 52-week high price of Rs 702.65 and a 52-week low of Rs 371.45.

Business Standard

Gaurs Group plans IPO in next 18 months to tap growth potential: CMD

Realty firm Gaurs Group is planning to launch its Initial Public Offering ( IPO) in the next 18 months as it looks to expand business amid strong consumer demand, its CMD Manoj Gaur said on Tuesday. Byoued by the successful launch of its luxury housing project in Ghaziabad clocking Rs 3,100 crore sales in three days, Gaur said the company has set a target to expand its business of development of housing projects across the Delhi-NCR market. He said the company will also develop commercial assets, including malls, hotels, office spaces and schools/colleges to generate stable rental income. "We are planning to launch our IPO in the next 18 months. Internally, we have started the preparation to get listed on the stock exchanges," Gaur told PTI. He noted that both property and stock markets are performing well. "We strongly believe that demand in the real estate market will continue to be strong. So, there is a huge potential for expansion and growth," said Gaur, who is also Chairman

Business Standard

RateGain recognized as a Preferred Partner by Trip.com

RateGain Travel Technologies has been recognized as a Preferred Partner by Trip.com, one of the largest OTAs of the world. This recognition, awarded during Trip.com Group's Envision 2024 Global Partner Conference in Shanghai, is a testament to the strong relationship between the two companies. RateGain's decade-long collaboration with Trip.com is specifically designed to help hotels in Asia tap into new markets and attract emerging demand, a critical challenge hoteliers face today.

Mint

Amid family feuds and turmoil, EIH-owned Oberoi Hotels to develop two hotels in Pune, London

EIH and an investee company plan to deploy ₹972 crore in a new hotel project in Pune, and explore opportunities for one in London while facing a legal challenge from Anastasia Oberoi over her exclusion from the family inheritance.

The Economic Times

Indian hotel with Rs 6 tariff in 1903 is now Rs 1 lakh crore hospitality company

Tata Group's Taj Hotels has become the first Indian hospitality company to reach a market cap of Rs 1 lakh crore. The post-Covid travel boom is driving growth in the sector, with IndiGo also seeing significant gains. IHCL's CEO highlights the potential for further growth in Indian tourism due to infrastructure development.

The Economic Times

Family feud escalates: Court stops Oberoi siblings from transferring father’s shares

The Delhi High Court has issued an interim order preventing the transfer of shares in EIH Ltd, Oberoi Hotels, and Oberoi Properties held by the late PRS Oberoi. This comes after his daughter, Anastasia Oberoi, filed a case against her siblings over control of the family's substantial holdings in these companies.

The Economic Times

Indian Hotels always delivers a bit more than promised; that's the story of last 5-6 years: Puneet Chhatwal

Puneet Chhatwal, MD & CEO of IHCL, discusses the company's balanced approach since 2017-2018. With strategies like Aspiration 2022 and Ahvaan 2025, IHCL has diversified its portfolio, doubling in size over six years. The company now opens more than one hotel a month, with a significant focus on capital-light models.

The Economic Times

Indian Hotels shares fall 1.36% as Nifty drops

A total of 63,714 shares changed hands on the counter till time (IST).

Business Line

Stocks that will see action today: September 13, 2024

Buzzing stocks: LIC, IRCTC, Honasa Consumer, Indian Hotels, Tata Power, Tata Motors, BPCL, SBI Cards, HG Infra, Puravankara

The Economic Times

Radisson Blu Guwahati to add 85 new rooms and 10,000 square feet area

Radisson Blu Guwahati is expanding with 85 new rooms and an additional 10,000 square feet area. The hotel has also launched 'Meetha by Radisson Hotels,' a dessert destination, and plans to introduce it in Kolkata next year. This initiative aims to celebrate Indian sweets and culture.

Business Standard

IHCL strengthens presence in Tamil Nadu, adds two more hotels in Chennai

The 100-key Vivanta MWC will offer elegantly designed rooms and suites, an all-day diner and a specialty restaurant featuring a bar

Business Standard

EaseMyTrip launches ScanMyTrip, a first-of-its-kind travel platform on ONDC

ScanMyTrip.com will serve as a platform where online travel agencies, MSMEs, travel agents, and homestays can list services such as flights, hotels, and accommodations on the ONDC Network

The Economic Times

Indian Hotels rises 1.88% as Sensex climbs

The stock traded at a P/E multiple of 77.31, while the price-to-book value ratio stood at 8.9.

Business Standard

Lemon Tree Hotels signs a new property in Pune

Lemon Tree Hotels announced that it has signed a license agreement viz Lemon Tree Hotel in Pune, Maharashtra.

Business Standard

Lemon Tree Hotels signs new property in Pune

Lemon Tree Hotel, Pune will feature 117 well-appointed rooms, a restaurant, a bar, a meeting room, banquet facilities, a swimming pool and a spa. The Pune International Airport is about 21 kms from the property while Pune Railway Station is about 20 kms away. The hotel is also well connected by roadways for both public and private transport.

The Economic Times

Indian Hotels shares drop 0.78% as Sensex rises

On the technical charts, the RSI of the stock stood at 66.17.

The Economic Times

Lemon Tree Hotels shares jump 3% on signing licensing agreement for new property

Lemon Tree Hotels' shares rose 3% after announcing a new property on Mira Road, Mumbai, set to open in FY 2026. Managed by Carnation Hotels, the property will feature 108 rooms and various amenities. This expansion complements their existing properties in Maharashtra.

Business Standard

Lemon Tree Hotels gains on inking new property in Mira Road

Lemon Tree Hotels added 2.07% to Rs 133.45 after the company informed that it has signed a license agreement viz Lemon Tree Hotel, Mira Road, Mumbai.

Business Standard

Lemon Tree Hotels share price rises 3% on signing new property in Mumbai

The rise in Lemon Tree Hotels share price came after the company announced that it has signed a new property in Mumbai.

CNBC TV18

Lemon Tree Hotels signs licence agreement for 108 rooms hotel in Mumbai's Mira Road

Shares of Lemon Tree Hotels Ltd ended at ₹130.90, up by ₹1.55, or 1.20% on the BSE.

The Economic Times

Oyo's GBV reached Rs 10,700 crore in FY24, co reports first time PAT of Rs 229 cr for last fiscal

As per new filings accessed by ET, Oyo's hotel count grew from 12,938 hotels at the end of financial year 2023 to 18,103 at the end of financial year 2024, marking a 40% growth. The company's vacation homes business added 5000-6,000 homes, reaching 84,600 homes by the end of financial year 2024.

The Economic Times

Aadhar Housing Finance among 7 stocks on which brokerages initiated coverage, expected to rally up to 40%

Brokerages have started coverage on several stocks, including Aadhar Housing Finance, Chalet Hotels, Godawari Power & Ispat, and Praveg, predicting up to 40% upside potential.

The Economic Times

Hospitality sector poised for recovery in 2QFY25; Lemon Tree could rally 30% in 1 year

The Indian hospitality industry is expected to recover significantly in 2QFY25 after a weak 1QFY25, with RevPAR projected to rise 9-11% YoY. Key drivers include pent-up demand, higher occupancy, and robust expansion by major players like Indian Hotels and Lemon Tree Hotels.

The Economic Times

F&O stock strategy: How to trade Indian Hotels & Titan shares

Indian equity indices saw significant declines on Friday, driven by banking stocks, as traders awaited the US jobs report for insights into the Federal Reserve's interest rate policy. The BSE Sensex dropped by 800 points to 81,400, while the Nifty50 fell below 25,000. Analysts provided trading recommendations for Indian Hotels and Titan Company based on technical and derivative data.

CNBC TV18

Analysts see 12% upside in HCLTech, recommend buying Indian Hotels, Grasim, Coforge, and NTPC

On Friday, market tech analysts Mitessh Thakkar, Shrikant Chouhan, and F&O analyst Soni Patnaik recommended these stocks for the short term.

The Economic Times

Radisson Hotel Group signs Glenview Resort in Himachal Pradesh's Kasauli

Radisson Hotel Group has signed Glenview Resort in Kasauli, expanding its presence in Himachal Pradesh to 10 hotels. The resort will open in Q4 2024, featuring various rooms, event spaces, a swimming pool, gym, and dining options. The location is easily accessible from Chandigarh International Airport and popular destinations like Shimla and Solan.

The Economic Times

EU regulators to seek feedback on Google's compliance proposals to avert charges

The European Commission launched an investigation in March into Google to see if it favours its vertical search engines such as Google Shopping, Google Flights and Google Hotels over rivals, and whether it discriminates against third-party services on Google search results.

The Economic Times

Indian Hotels shares up 0.68% as Nifty drops

A total of 72,226 shares changed hands on the counter till 11:31AM (IST).

Business Standard

Trump's new crypto biz could create more conflicts if he's elected prez

Donald Trump is promising to make America the crypto capital of the planet if he returns to the White House. Fulfilling that promise would likely pay off for him personally. Amidst his run for president, Trump has launched a new venture to trade cryptocurrencies that he's promoting on the same social media accounts he uses for his campaign. His two eldest sons, Donald Jr. and Eric, are also posting about their new platform, called World Liberty Financial, as is his daughter-in-law, Lara Trump, who is married to Eric and also serves as co-chair of the Republican National Committee. Trump has long melded his political and business interests, promoting his hotels and golf courses in the White House while selling sneakers, Bibles and shares in his social media company during his current campaign. Now, Trump has launched a new moneymaking venture that could explode in value if he's elected and gets the power to push through legislative and regulatory changes long sought by crypto ...

Business Line

This new passive fund tracks the tourism theme: Should you invest?

Kotak Nifty India Tourism Index fund will invest in airlines, airport operators, hotels, restaurants and travel portals

Business Standard

Hilton to tap luxury travel trend in Asia Pacific, eyes 150 properties

Global hospitality major Hilton on Wednesday said it plans to cross 150 luxury hotels in the Asia Pacific region in the coming years, driven by new openings including India. The company, which plans to quadruple its luxury portfolio across the region compared with the end of 2023, is seeking to tap the rising luxury travel trend and a desire among customers to better understand their heritage through travel. "From Tokyo to Maldives, Shanghai to Jaipur '? the luxury segment is growing exponentially and Hilton's luxury brands are poised to capture the significant opportunity across the region," Hilton Asia Pacific President Alan Watts said in a statement. The company said the addition of properties, such as Lanson Place Causeway Bay Hong Kong and Gangtey Lodge, Bhutan from Small Luxury Hotels of the World, Hilton's luxury pipeline in Asia Pacific continues to gain momentum. Recent signings, including Waldorf Astoria Jaipur and Conrad Jaipur in India, and Conrad Yokohama in Japan, ...

Business Line

JPOD Hotels opens facility at Hyderabad International Airport

The company launched India’s first-of-its-kind Urbanpod -- a Pod Hotel -- in 2017, which was revamped and relaunched at Mumbai Central in 2021 for railway passengers

The Economic Times

Udaipur sees more big hotels as tourist flows hit new highs

Udaipur is witnessing a boom in the hospitality industry with new luxury and mid-market hotels being launched by major brands like Wyndham, Radisson, and IHCL. The city's popularity as a tourist destination has attracted international chains and boosted investments, driven by an increase in domestic tourism and big-ticket weddings.

The Economic Times

Delhi HC rules in favor of IHCL, permanently bars 'Taj Iconic' from using 'Taj' name

The Delhi High Court has ruled that Taj Iconic Membership's managing director is permanently restrained from using the 'Taj' name, logo, and content. The court also directed the transfer of Taj Iconic's domain to The Indian Hotels Co Ltd (IHCL). Taj Iconic was found guilty of trademark infringement and defrauding a jeweller of gold coins worth Rs 51 lakh.