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India`s hospitality sector clocks double-digit revenue growth in July-Sep India’s hospitality sector continued to witness year-on-year growth in performance in July–September period, primarily driven by a rise in average daily rate (ADR), resulting in a revenue per available room growth of 10.8 per cent, according to a report released on Tuesday.  Hyderabad emerged as the revenue per available room (RevPAR) growth leader in Q3 2024 registering a growth of 23.6 per cent over Q3 2023, followed by Chennai and Mumbai with year-on-year growth of 17.7...
India`s hospitality sector clocks double-digit revenue growth in July-Sep
India`s hospitality sector clocks double-digit revenue growth in July-Sep
Source: IANS
2024-11-19 02:26:33 pm
Stock of the day : Indian Hotels Company Ltd For Target Rs. 775 - Religare Broking Indian Hotels Company Ltd * INDHOTEL is continuously trading in a steady uptrend, forming higher highs and higher lows. * Currently, stock is trading near its 52-week high levels. * INHOTEL has bounced multiple times from 100 EMA and retained support trading above the same. * After multiple inside bars of its big bullish candle, stock has given a crossover, forming bullish engulfing and bullish reversal. * Traders are recommended to accumulate the stock...
Stock of the day : Indian Hotels Company Ltd For Target Rs. 775 - Religare Broking
Stock of the day : Indian Hotels Company Ltd For Target Rs. 775 - Religare Broking
Source: Religare Broking
2024-11-18 10:43:23 am
Indian Hotels Company climbs on signing Ginger hotel in Diu Indian Hotels Company is currently trading at Rs. 741.75, up by 28.25 points or 3.96% from its previous closing of Rs. 713.50 on the BSE. The scrip opened at Rs. 710.45 and has touched a high and low of Rs. 742.75 and Rs. 709.80 respectively. So far 233345 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 748.20 on 11-Nov-2024 and a 52 week low of Rs. 408.90 on 16-Nov-2023. Last one week high and low of the scrip ...
Indian Hotels Company climbs on signing Ginger hotel in Diu
Indian Hotels Company climbs on signing Ginger hotel in Diu
Source: Accord Fintech
2024-11-14 04:07:36 pm
Kamat Hotels (India) jumps on opening new hotel in Uttar Pradesh Kamat Hotels (India) is currently trading at Rs. 215.70, up by 4.15 points or 1.96% from its previous closing of Rs. 211.55 on the BSE. The scrip opened at Rs. 207.00 and has touched a high and low of Rs. 220.80 and Rs. 200.00 respectively. So far 5237 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.50 on 23-Jan-2024 and a 52 week low of Rs. 176.00 on 25-Oct-2024. Last one week high and low of the scrip sto...
Kamat Hotels (India) jumps on opening new hotel in Uttar Pradesh
Kamat Hotels (India) jumps on opening new hotel in Uttar Pradesh
Source: Accord Fintech
2024-11-08 04:05:54 pm
Indian Hotels Company soars on opening La Estoria hotel in Goa The Indian Hotels Company is currently trading at Rs. 718.00, up by 34.40 points or 5.03% from its previous closing of Rs. 683.60 on the BSE. The scrip opened at Rs. 709.95 and has touched a high and low of Rs. 722.00 and Rs. 694.00 respectively. So far 112299 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 722.00 on 8-Nov-2024 and a 52 week low of Rs. 403.10 on 10-Nov-2023. Last one week high and low of the scr...
Indian Hotels Company soars on opening La Estoria hotel in Goa
Indian Hotels Company soars on opening La Estoria hotel in Goa
Source: Accord Fintech
2024-11-08 11:04:02 am
Stock of the day : Indian Hotels Company Ltd For Target Rs. 495 - Religare Broking   Indian Hotels Company Ltd * INDHOTEL is trading, forming higher highs and higher lows. * According to the price action, the chart suggests the most resilient setup, forming support at 100EMA. * The stock has consistently traded in a rising trend and maintained bullish sentiments for a considerable amount of time. * Recently, stock has formed double bottom with bullish reversal from the 100EMA. * Since a positive bias increases the likelihood t...
Stock of the day : Indian Hotels Company Ltd For Target Rs. 495 - Religare Broking
Stock of the day : Indian Hotels Company Ltd For Target Rs. 495 - Religare Broking
Source: Religare Broking Ltd
2024-11-07 10:49:14 am
Indian hospitality sector`s revenue per available room to grow by 8-9 pc in FY25 The Indian hospitality sector is witnessing a boom and in FY25, the industry's revenue per available room is estimated to grow by approximately 8-9 per cent, a report showed on Friday.  According to rating agency CareEdge, the industry's revenue per available room registered a strong growth of 14 per cent during fiscal 2024. For FY25, it is expected to grow by 8-9 per cent, building on the high base set in FY24. CareEdge expects industry to report average revenue per ava...
Indian hospitality sector`s revenue per available room to grow by 8-9 pc in FY25
Indian hospitality sector`s revenue per available room to grow by 8-9 pc in FY25
Source: IANS
2024-09-28 08:44:41 am
Indian travel & hospitality sector to expand workforce by 64 pc To meet the growing demand, 64 per cent of employers in the travel and hospitality industry are expanding their workforce, according to a report on Thursday.  The sector is experiencing an unprecedented resurgence, spurred by a combination of rising air travel, religious tourism, and evolving consumer preferences for personalised, tech-driven experiences, revealed the report by TeamLease Services. According to its Employment Outlook Report (EOR) for H1 FY25, 19 per cent of employer...
Indian travel & hospitality sector to expand workforce by 64 pc
Indian travel & hospitality sector to expand workforce by 64 pc
Source: IANS
2024-09-26 01:57:01 pm
Centre`s mega infrastructure push to bolster hospitality sector: Industry As road infrastructure and connectivity significantly improved in the last 10 years under the Prime Minister Narendra Modi’s vision, the global hospitality majors are strategically expanding their presence by developing hotels near major highways and key service stations, providing travellers with convenient and comfortable options for stays, industry leaders have said.  The government has enhanced its capital expenditure on infrastructure projects such as roads, railways and ai...
Centre`s mega infrastructure push to bolster hospitality sector: Industry
Centre`s mega infrastructure push to bolster hospitality sector: Industry
Source: IANS
2024-09-09 04:50:42 pm
Lemon Tree Hotels gains on signing new property in Gujarat Lemon Tree Hotels is currently trading at Rs. 135.00, up by 2.30 points or 1.73% from its previous closing of Rs. 132.70 on the BSE. The scrip opened at Rs. 132.75 and has touched a high and low of Rs. 135.00 and Rs. 132.75 respectively. So far 4874 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.05 on 06-May-2024 and a 52 week low of Rs. 100.75 on 26-Oct-2023. Last one week high and low of the scrip stood ...
Lemon Tree Hotels gains on signing new property in Gujarat
Lemon Tree Hotels gains on signing new property in Gujarat
Source: Accord Fintech
2024-09-03 10:19:58 am
Hospitality majorCreports Rs 229 crore net profit in FY24  Travel tech firm Oyo on Wednesday reported its first-ever profit after tax (PAT) of Rs 229 crore for FY24, as adjusted EBITDA grew by 215 per cent to reach Rs 877 crore, up from Rs 277 crore in FY23.  The hospitality major reported earnings per share (EPS) at approximately Rs 0.36 in FY24, a turnaround from the loss per share of Rs 1.93 in FY23. “One big learning for me over the years is under promise and over deliver. Lots of improvements still left to do. Proud of wha...
Hospitality majorCreports Rs 229 crore net profit in FY24
Hospitality majorCreports Rs 229 crore net profit in FY24
Source: IANS
2024-08-14 02:07:52 pm
Government's infra push behind surge in new upscale, premium rooms in Indian hospitality sector In a boost for the Indian hospitality industry, 2,706 new rooms were added in the upscale and premium segment in the first half of this year, a report showed on Monday, amid a notable growth in infrastructure development.  Out of these, 994 rooms (37 per cent) were upscale while the remaining (63 per cent) consisted of premium inventories. A total of 22 new projects opened in H1 2024. Major hospitality brands such as IHCL, Radisson, Hyatt, ROHL, Bharat Hospitality and Wyndham op...
Government's infra push behind surge in new upscale, premium rooms in Indian hospitality sector
Government's infra push behind surge in new upscale, premium rooms in Indian hospitality sector
Source: IANS
2024-08-06 09:41:29 am
Oyo to raise up to $125 million at $2.5 billion valuation Hospitality major Oyo is reportedly raising $100-$125 million in fresh funding at a market valuation of $2.5 billion.  According to a TechCrunch report on Monday, citing sources, the global budget-hotel chain is finalising a “fresh fundraising of about $100 million to $125 million that slashes its valuation to $2.5 billion”. Oyo was yet to immediately comment on the report. Last month, the hospitality major announced to refile its initial public offer (IPO) papers wi...
Oyo to raise up to $125 million at $2.5 billion valuation
Oyo to raise up to $125 million at $2.5 billion valuation
Source: IANS
2024-06-17 10:26:20 am
Neutral Barbeque Nation Hospitality Ltd. For Target Rs.675 By Motilal Oswal Financial Services Ltd * Barbeque Nation (BBQN) delivered flat revenue growth in 3QFY24, led by 5% YoY decline in same-store-sales. Weak demand continues to adversely impact the growth metrics; similar trend witnessed across brands/formats. Dine-in revenue was flat, while delivery was up 5% YoY. * GM was healthy at 68% (+120/200bp YoY/QoQ) and support the overall operating performance. Despite the challenging growth trajectory, operating margin improved by over 100bp YoY. However, PBT ma...
Neutral Barbeque Nation Hospitality Ltd. For Target Rs.675 By Motilal Oswal Financial Services Ltd
Neutral Barbeque Nation Hospitality Ltd. For Target Rs.675 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-05-11 10:14:48 am
Royal Orchid Hotels shines on planning to add 30-35 new properties in FY25 Royal Orchid Hotels is currently trading at Rs. 384.55, up by 5.20 points or 1.37% from its previous closing of Rs. 379.35 on the BSE. The scrip opened at Rs. 371.90 and has touched a high and low of Rs. 386.90 and Rs. 371.90 respectively. So far 1374 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.10 on 21-Feb-2024 and a 52 week low of Rs. 232.20 on 03-Apr-2023. Last one week high and low of the scrip stoo...
Royal Orchid Hotels shines on planning to add 30-35 new properties in FY25
Royal Orchid Hotels shines on planning to add 30-35 new properties in FY25
Source: Accord Fintech
2024-04-02 10:28:11 am
Praveg zooms on launching Safari Velavadar Resort in Gujarat Praveg is currently trading at Rs. 996.30, up by 63.45 points or 6.80% from its previous closing of Rs. 932.85 on the BSE. The scrip opened at Rs. 945.00 and has touched a high and low of Rs. 1026.10 and Rs. 936.90 respectively. So far 239303 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1300.00 on 10-Jan-2024 and a 52 week low of Rs. 435.05 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs....
Praveg zooms on launching Safari Velavadar Resort in Gujarat
Praveg zooms on launching Safari Velavadar Resort in Gujarat
Source: Accord Fintech
2024-03-27 03:18:51 pm
Apeejay Surrendra Park Hotels jumps on launching Zone by The Park Digha in West Bengal Apeejay Surrendra Park Hotels is currently trading at Rs. 185.20, up by 4.40 points or 2.43% from its previous closing of Rs. 180.80 on the BSE. The scrip opened at Rs. 184.45 and has touched a high and low of Rs. 188.70 and Rs. 180.65 respectively. So far 36261 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 234.50 on 23-Feb-2024 and a 52 week low of Rs. 168.40 on 14-Mar-2024. Last one week high and low of the ...
Apeejay Surrendra Park Hotels jumps on launching Zone by The Park Digha in West Bengal
Apeejay Surrendra Park Hotels jumps on launching Zone by The Park Digha in West Bengal
Source: Accord Fintech
2024-03-15 11:19:32 am
Royal Orchid Hotels shines on inking management agreement for new property in Surat Royal Orchid Hotels is currently trading at Rs. 350.95, up by 20.70 points or 6.27% from its previous closing of Rs. 330.25 on the BSE. The scrip opened at Rs. 325.00 and has touched a high and low of Rs. 351.30 and Rs. 323.10 respectively. So far 14481 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.10 on 21-Feb-2024 and a 52 week low of Rs. 224.90 on 27-Mar-2023. Last one week high and low of the scrip st...
Royal Orchid Hotels shines on inking management agreement for new property in Surat
Royal Orchid Hotels shines on inking management agreement for new property in Surat
Source: Accord Fintech
2024-03-14 12:14:22 pm
GD Goenka University and Le Cordon Bleu gear up to redefine hospitality education in India  India is emerging as a global leader in the hospitality industry, thanks to the rapidly growing economy, rising disposable incomes and soaring demand for skilled professionals. The sector offers enormous potential and opportunities for hospitality aspirants to build a thriving career in India and across the world. In view of this, renowned global hospitality educational institutions like Le Cordon Bleu are expanding their infrastructure in India and partnering with industry vetera...
GD Goenka University and Le Cordon Bleu gear up to redefine hospitality education in India
GD Goenka University and Le Cordon Bleu gear up to redefine hospitality education in India
Source: IANS
2024-02-27 04:41:04 pm
Mahindra Holidays climbs on planning to invest up to Rs 4,500 crore for doubling room capacity Mahindra Holidays & Resorts India is currently trading at Rs. 423.50, up by 13.65 points or 3.33% from its previous closing of Rs. 409.85 on the BSE. The scrip opened at Rs. 423.00 and has touched a high and low of Rs. 436.30 and Rs. 418.15 respectively. So far 40901 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 469.80 on 17-Oct-2023 and a 52 week low of Rs. 256.40 on 21-Mar-2023. Last one week high and l...
Mahindra Holidays climbs on planning to invest up to Rs 4,500 crore for doubling room capacity
Mahindra Holidays climbs on planning to invest up to Rs 4,500 crore for doubling room capacity
Source: Accord Fintech
2024-02-26 12:36:26 pm
Hospitality industry`s stocks shine after Crisil Ratings says Hospitality industry likely to clock 11-13% revenue growth in FY25 Hospitality industry trades higher after Crisil Ratings in its latest report has said that the hospitality industry is expected to clock 11-13 per cent revenue growth in 2024-25 on steady domestic demand and a rise in foreign travellers. This revenue growth will follow a likely 15-17 per cent growth in the current financial year, backed by steady domestic demand and ramp-up in foreign travellers. The strong demand dynamics along with modest new supply will keep the operating performance of th...
Hospitality industry`s stocks shine after Crisil Ratings says Hospitality industry likely to clock 11-13% revenue growth in FY25
Hospitality industry`s stocks shine after Crisil Ratings says Hospitality industry likely to clock 11-13% revenue growth in FY25
Source: Accord Fintech
2024-02-20 02:47:36 pm
Hospitality industry likely to clock 11-13% revenue growth in FY25: Crisil Crisil Ratings in its latest report has said that the hospitality industry is expected to clock 11-13 per cent revenue growth in 2024-25 on steady domestic demand and a rise in foreign travellers. This revenue growth will follow a likely 15-17 per cent growth in the current financial year, backed by steady domestic demand and ramp-up in foreign travellers. The strong demand dynamics along with modest new supply will keep the operating performance of the industry healthy over the near term. ...
Hospitality industry likely to clock 11-13% revenue growth in FY25: Crisil
Hospitality industry likely to clock 11-13% revenue growth in FY25: Crisil
Source: Accord Fintech
2024-02-20 12:33:41 pm
Novo Holdings invests in India`s Manipal hospital chain Novo Holdings, the controlling shareholder of Danish drugmaker Novo Nordisk, said on Tuesday it was investing in Indian private hospital chain Manipal Hospitals, as it seeks to tap into growing market potential in Asia. "It (the investment) represents our commitment towards filling the gap between the enormous demand and underserved healthcare infrastructure in India," Novo Holdings said in a statement. The Danish holding company, which invests in life science companies and ha...
Novo Holdings invests in India`s Manipal hospital chain
Novo Holdings invests in India`s Manipal hospital chain
Source: Reuters
2024-02-06 04:36:01 pm
Robust consumption growth of 9.3% seen in H1 FY24 : CMS` Retail Consumption Trends CMS Info Systems has revealed key consumption trends in organized retail segment in the first half of FY24, through a comprehensive analysis spanning 11 consumer-facing sectors, such as large format retail, jewelry, FMCG, e-commerce, hospitality, and aviation, among others.   Retail Consumption Trends by CMS is a macroeconomic indicator of retail purchases based on the cash collected & processed from 52,000+ organized retail touchpoints across India. It provides a view into con...
Robust consumption growth of 9.3% seen in H1 FY24 : CMS` Retail Consumption Trends
Robust consumption growth of 9.3% seen in H1 FY24 : CMS` Retail Consumption Trends
Source: PR Agency
2024-01-03 02:10:24 pm
Heated yoga sessions for just once a week may reduce depression Heated yoga sessions for just once a week may help reduce depression, indicating that heated yoga could be a viable treatment option for patients suffering from moderate-to-severe depressive symptoms, new research has claimed.In a randomised controlled clinical trial of adults with moderate-to-severe depression, led by investigators at Massachusetts General Hospital (MGH), depressive symptoms were reduced even in participants who received only half of the prescribed yoga "dose", suggesting th...
Heated yoga sessions for just once a week may reduce depression
Heated yoga sessions for just once a week may reduce depression
Source: IANS
2023-10-23 04:45:48 pm
Praveg shines on getting work order for developing resorts in Damanganga Garden Kachigam Praveg is currently trading at Rs. 551.10, up by 7.75 points or 1.43% from its previous closing of Rs. 543.35 on the BSE.The scrip opened at Rs. 552.40 and has touched a high and low of Rs. 552.40 and Rs. 545.00 respectively. So far 2267 shares were traded on the counter.The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 612.00 on 22-Feb-2023 and a 52 week low of Rs. 212.00 on 13-Oct-2022.Last one week high and low of the scrip stood at Rs. 573.00 and Rs. 538.00 re...
Praveg shines on getting work order for developing resorts in Damanganga Garden Kachigam
Praveg shines on getting work order for developing resorts in Damanganga Garden Kachigam
Source: Accord Fintech
2023-10-12 10:27:29 am
Shalby moves up as its arm gets nod to invest in Shalby Global Technologies Shalby is currently trading at Rs. 234.70, up by 1.05 points or 0.45% from its previous closing of Rs. 233.65 on the BSE.The scrip opened at Rs. 230.55 and has touched a high and low of Rs. 237.70 and Rs. 230.55 respectively. So far 5319 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 261.50 on 11-Sep-2023 and a 52 week low of Rs. 114.35 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. 237.90 and Rs. 225.75 re...
Shalby moves up as its arm gets nod to invest in Shalby Global Technologies
Shalby moves up as its arm gets nod to invest in Shalby Global Technologies
Source: Accord Fintech
2023-09-26 12:19:33 pm
India surgical sutures market to grow to $380 mn in 2030 The domestic surgical sutures market will continue to grow at a compound annual growth rate of over 13 per cent to reach $380 million in 2030, according to a report on Monday.Minimal access surgeries (MAS) have gained significant importance in recent times owing to reduced post-operative pain, shorter hospital stays, and quicker recovery of patients. In India where a large population seeks affordable healthcare, the success of MAS heavily relies on efficient suturing techniques that are ...
India surgical sutures market to grow to $380 mn in 2030
India surgical sutures market to grow to $380 mn in 2030
Source: IANS
2023-09-11 02:12:26pm