As business activity slows down, hotels and travel service providers see a dip in revenues
General slowdown, higher air fares after Jet’s grounding, and a decline in domestic business travel are hurting hotels and travel operators.
IndiGo crisis: Understanding related party transactions
While there are a few contentious issues on which Gangwal and Bhatia disagree, one of...
Interglobe Enterprises dismisses ‘whistleblower plaints’ as just a smokescreen
Was there really any whistleblower plaint or not? Gangwal insi...
Rising airfares, general elections left many a room vacant
Foreign tourist arrivals increased by 1.9% to 3.93 million in the first four months of 2019 after registering subdued growth in 2018, according to the tourism ministry.
IndiGo shareholders deserve a better reward than infighting
Promoter quarrel couldn’t have come at a worse time for minority shareholders of IndiGo.
InterGlobe's Bhatia refutes charges by Gangwal, says related party transactions just 0.53% of turnover
Rakesh Gangwal in a letter to Sebi has raised many governance issues relating to certain RPTs.
IndiGo promoters’ feud takes serious turn; Gangwal seeks Sebi’s intervention
Gangwal in a letter to Sebi has alleged “collapsing corporate governance standards” at IndiGo.
Banks expect Adlabs resolution before Sept outside NCLT
The bankers, however, are more hopeful and keen on selling their loans to asset reconstruction companies, and a loan auction is likely to begin shortly, said the sources.
InterGlobe Hotels plans Rs 700 crore investment to add 6 hotels in India by 2022
The company currently has 19 hotels across the country under 'ibis' brand with 3,559 rooms.
India a land of opportunities: Sébastien Bazin, chairman and CEO, AccorHotels
Sébastien Bazin, chairman and CEO of AccorHotels said despite challenges in the Indian market in setting up hotels, the country is still 'the land of opportunities'.
AccorHotels to launch luxury brands Raffles, Fairmont in India
Accor’s first Raffles hotel on the Udaisagar land in Udaipur will have 101 rooms and suites, and will open by the middle of next year.
Accor in advanced talks to invest up to $40 million in Treebo
The potential investment is expected to give Treebo a post-money valuation of $205-240 million and is likely to be part of a future larger round
Elections, rising supply to dampen hotel industry’s performance in 2019: Report
Over the last two years, hotel supply in India grew by 3.7% in 2017, and 3.5% in 2018, while demand grew by 7% and 6.8%, the report said.
Accor brings luxury brand Raffles to India; group to add 5K workforce in 3 years
Accor is looking to add 24 hotels in India in next 3 years and adding around 4,000-5,000 people to its workforce.
Hotels across the board plan hike in room tariffs
Chains such as ITC, Accor Hotels and Sarovar said rates could go up between 8 and 10% this year.
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