The Ahmedabad-bench National Company Law Tribunal (NCLT) has admitted the insolvency application against OYO subsidiary, OYO Hotels & Homes Private Ltd (OHHPL).
OYO Hotels & Homes on Thursday announced that it would be covering vaccination costs for all employees in India and their families across all locations.
In a state..
Embodying the ethos of 'Responsible Luxury', ITC Hotels, the world's largest chain of hotels with the maximum number of LEED Platinum Certified Properties, ha..
Hyatt Hotels Corporation has announced its plans to grow its brand footprint in India by more than 70 per cent by 2023.
In a statement, the hospitality major said that..
We pored over the 3QFY21 results and management commentaries of key hospitality players – such as Indian Hotels (IH), Lemon Tree Hotels (LEMONTRE), Chalet Hotels (C..
Revenue/EBITDA above estimates
* Revenue was down 66% YoY to INR684m (est. INR638m) in 3QFY21.
* ARR declined 46% YoY (to INR2,528) and occupancy declined 28.9pp (t..
* The share price has witnessed a faster pace of retracement, as it retraced past 4 week decline (| 130 to 118) in just single week, indicating ..
NEW YORK - Investors are watching next week's earnings reports from hotels, cruise lines and other businesses that have been hard hit by COVID-19 for indication..
The company reported standalone net loss during the quarter stood at Rs 65.69 crore as compared to net loss of Rs 14.97 crore in the previous year quarter. Net revenue of..
The company reported standalone net loss during the quarter stood at Rs 29.03 crore as compared to net loss of Rs 21.73 crore in the previous year quarter. Net revenue of..
All eyes on upcoming launches
OBER recorded its highest ever quarterly sales bookings in five years at Rs9.7bn driven by a broad-based uptick in all its key completed..
Weak dine-in continues to be a drag
3Q performance was subdued as revenues declined 25% (SSSG declined 24%) despite all stores being operational. However, consistent c..
Rupee strengthens against US dollar on Tuesday
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