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Domestic hospital industry revenue growth likely to moderate in FY23: ICRA Rating agency ICRA in its latest report has said that domestic hospital industry revenue growth is likely to moderate in FY23 due to the large base in the previous fiscal, although income and profit margins are expected to remain healthy ahead. While occupancy is expected to slightly moderate in FY23 given the ongoing capacity addition, average revenue per occupied bed (ARPOB) is expected to expand steadily going forward. The rating agency said the performance of its sample set of hospital...
Domestic hospital industry revenue growth likely to moderate in FY23: ICRA
Domestic hospital industry revenue growth likely to moderate in FY23: ICRA
Source: Accord Fintech
21/04/2022 11:05:18 AM
Hotel stocks up on hopes of demand revival, Chalet Hotels hits upper circuit Shares in the hotel and hospitality business witnessed a rally on Monday, with Chalet Hotels hitting the 20 per cent upper circuit. Analysts believe declining Covid caseload is a positive for the contact-intensive sector, which has been badly impacted due to the pandemic. Paring some gains, chalet Hotels settled 12.6 per cent higher at Rs 283.6 per share. The company's shares rose 30 per cent since the start of the current calendar year. Besides, shares of Specialty Restaurant...
Hotel stocks up on hopes of demand revival, Chalet Hotels hits upper circuit
Hotel stocks up on hopes of demand revival, Chalet Hotels hits upper circuit
Source: IANS
21/02/2022 8:02:40 PM
FAITH suggests leveraging top 10 cross-country travel rank of India for repositioning tourism FAITH, the policy federation of all the national associations representing the complete tourism, travel and hospitality industry of India (ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI, TAFI) has given reference to the Ministry of Tourism (MoT) of a global travel ranking for cross-country road travel, where India has been ranked 10 out of 118 countries on multiple parameters such as heritage sites, bio-diversity, landscapes and average travel cost. India's ranking is higher th...
FAITH suggests leveraging top 10 cross-country travel rank of India for repositioning tourism
FAITH suggests leveraging top 10 cross-country travel rank of India for repositioning tourism
Source: IANS
29/01/2022 2:23:03 PM
ITC Hotels flags off luxury brand Mementos with Ekaaya in Udaipur ITC Hotels has announced the launch of its new luxury brand, Mementos, with Ekaaya, a 130-room hotel located on a 106-acre plot overlooking the Aravallis in Udaipur. The hotel is slated to be opened in the coming financial year, according to a company spokesperson. In view of Udaipur's growing popularity as a wedding destination, Ekaaya is being billed as an ideal setting for one. It offers 25,000 sq.ft. of covered meeting spaces with a sprawling ballroom, vast pre-function areas, mult...
ITC Hotels flags off luxury brand Mementos with Ekaaya in Udaipur
ITC Hotels flags off luxury brand Mementos with Ekaaya in Udaipur
Source: IANS
9/11/2021 4:33:22 PM
52,391 entities recognised as startups, 53 unicorns currently in India India's startup ecosystem, which is widely considered as the third largest globally, has a total of 52,391 recognised entities as of July 14, 2021, Parliament was informed on Wednesday. The startups are recognised by Department for Promotion of Industry and Internal Trade (DPIIT) and as of July 14, more than 5.7 lakh jobs have been reported by more than 50,000 startups, Minister of State for Commerce and Industry, Som Parkash, told the Lok Sabha in a written reply. As per industry e...
52,391 entities recognised as startups, 53 unicorns currently in India
52,391 entities recognised as startups, 53 unicorns currently in India
Source: IANS
29/07/2021 9:56:25 AM
Hospitality industry requests government to ease special credit scheme rules The hospitality industry has requested the Union Finance Ministry, Reserve Bank of India and Tourism Ministry to ease some rules and regulations of Emergency Credit Line Guarantee Scheme (ECLGS) introduced on March 31 to help the 'dying' industry. FAITH, the policy federation of all the national associations representing the tourism, travel and hospitality industry, stated, "This scheme proposes to extend support to tourism, travel and hospitality accounts which were classifie...
Hospitality industry requests government to ease special credit scheme rules
Hospitality industry requests government to ease special credit scheme rules
Source: IANS
6/05/2021 9:12:23 AM