Grammy Award winner Ricky Kej shares bad experience at Mumbai's 'budget hotel': Cockroaches in room, dirty toilet drains
Ricky Kej said he thought staying at a “no-frills” budget hotel would be a good idea. He added that it was his bad experience for the second time. Key Points
Hindustan TimesMacro tailwinds continue; 7 hotel stocks from large, mid and smallcap space, one with upside potential of
Thirty years back in 1994, when the Indian market witnessed the first round of bull run after the Harshad Mehta scam, the sector which was on top gainer list was the hotel sector. In those days, the logic given in the brokerage research reports, which used to come out very infrequently and were miniscule in numbers, was that as the Indian economy opens up, more foreign business travellers would be coming to India. That will lead to higher occupancy and it is not easy to set up a 5 star hotel so the demand supply equation would be in their favour. Today there is an element of foreign travellers but more importantly, the unstoppable traveling Indians along with domestic business travellers who are creating a situation where once again demand is higher than supply leading to a situation which is favorable for the bottomline of hotel companies. The question is are the valuations cheap, surely not, but is the growth likely to be stronger and stable? The answer is probably yes. We take a look at 7 stocks, some of which are not rated, but their over score is positive to neutral. Key Points
Economic TimesRadisson hotel Group announces 150-room Radisson Blu hotel in Ayodhya
India Business News: Radisson hotel Group has announced the signing of 150-room Radisson Blu hotel in Ayodhya. The hotel is strategically located near Shri Ram Mandir and other religious sites. This is a significant milestone in Radisson's expansion strategy for India. Key Points
Times Of IndiaA Viennese cake may have lessons for butter chicken
Ongoing battle between Moti Mahal & Daryaganj restaurants is oddly similar to Viennas 90-year-old chocolate cake case.The legal battle over the ownership of Sachertorte, a dense chocolate cake layered with apricot jam and chocolate icing, took place in Vienna. Key Points
The Economic TimesWoman who racked up Rs 6 lakh bill at Delhi luxury hotel had Rs 41 in bank
The woman used fake identity card and fraudulent transactions to cheat the hotel of Rs 6 lakh. She had only Rs 41 in her bank account, the police found during investigation. Key Points
India Today
Woman techie shot 4 times in Pune hotel, friend held in Mumbai
A techie was shot four times in a Pune hotel. The suspect revealed that he had shot his friend, with whom he was in a relationship for the past 12 years. The motive behind the murder is under investigation. Key Points
Times Of IndiaTime to extend your stay? 4 hotel & related services stocks with an upside potential of up to 33%
After almost two decades of being ignored by the street, in the last three years hotel and hospitality related stocks have been once again in focus of the street. Travel tourism and airlines, everything related to the hospitality sector suffered the maximum damage due to Covid-19. But as they say, tough times bring the best out of some. Some hotel companies used the Covid crisis to put their house in order. While they have seen a run up in the last two years and that is why if one looks at overall estimates, analysts seem to be cautious. However there are enough hotel assets, which are ready to be taken over under the asset light model, companies which are able to use them without compromising the brand value are likely to be the one which will emerge as a long term winner and probably that would lead to a change in the analyst estimates. Key Points
Economic TimesBody of former model Divya Pahuja recovered from canal in Haryana's Fatehabad
Pahuja, 27, was shot dead in a hotel room in Gurugram on 2 Jan. The body was recovered from Bhakra canal in Tohana, said Gurugram ACP (Crime) Varun Kumar Dahiya. Key Points
ThePrintCEO accused of killing 4-yr-old son in Goa was 'triggered' by court order giving husband visiting rights
Suchana Seth, 39, allegedly wanted to keep son away from estranged husband. 'Missing' boy and blood stains in her room led hotel staff to alert police. Key Points
ThePrintKanye West: Staff at his favorite Miami hotel upset with rapper
Miami's five-star hotel, 'Four Seasons' and its staff are upset with Kanye West. He is out of town at present, but when he comes back, he may not receive a warm welcome there. Know in detail what has happened. Key Points
Economic Times
Double-digit growth marks a historic year for hospitality industry
The hotel industry in India saw a resurgence in 2023, driven by domestic leisure trips, MICE events, and the return of business travelers. Premium hotels recorded impressive occupancy rates and increased room rates. The year 2024 is expected to bring consistent growth in domestic travel. Key Points
mintOnly VVIPs allowed? Ayodhya hotels say scrambling to cancel bookings ahead of Ram temple opening
Ayodhya hotels say have been asked to cancel bookings of those not invited to Ram temple consecration ceremony. Administration denies. Key Points
ThePrintChalet plans to invest Rs 300 crore in new luxury hotel at Delhi airport
Chalet Hotels, a leading Indian hotel operator, is planning to invest around Rs 300 crore in a luxury hotel at Terminal 3 of Indira Gandhi International Airport. The hotel, which will be built on a warm shell lease agreement between Chalet Hotels and Delhi International Airport Limited, is expected to open by the end of FY26. Key Points
Economic TimesHow to get a free hotel upgrade: 7 tips that actually work
At hotels with few suites, an upgrade might mean a better view or a room on a higher floor. In others, bumping room categories could range from gaining a few square feet to acquiring additional bedrooms. Key Points
Economic TimesI always check hotel mattresses for bedbugs, and it finally paid off in Zurich
In the last hotel of my trip abroad, I saw telltale signs of bedbugs on the mattress. I was so glad I followed my anti-bedbug checklist for travel. Key Points
Insider
Israel-Hamas War: Major US Muslim group cancels Virginia banquet over bomb and death threats
The Council on American-Islamic Relations (CAIR) has decided to move its annual banquet out of a Virginia hotel due to bomb and death threats. The threats are believed to be linked to CAIR's concern for Palestinians affected by the Israel-Hamas war. The Marriott Crystal Gateway in Arlington, where the banquet was originally scheduled to be held, received anonymous calls threatening to plant bombs and attack the hotel if the event proceeded. Key Points
Economic TimesHigh on hotels: A gold rush starts as businesses find 'room' for growth
The hospitality sector in India is attracting a diverse range of investors, including book publishers, car dealers, and school owners, in addition to industrial groups. The increased interest is driven by the country's growing economy and high demand for hospitality services. hotel companies are also expanding to meet the surge in demand, while standalone properties in non-metro areas are being acquired by hotel chains. Factors such as the rise of travel as a lifestyle trend, improved infrastructure, and changing social norms are contributing to the long-term growth potential of the hospitality sector in India. Key Points
Economic TimesBusinesses looking to diversify find room for growth in hospitality space
Entrepreneurs from various industries in tier-2 and -3 cities in India are entering the hospitality sector, diversifying their business portfolios. Sharad Agarwal, franchisee owner of Delhi Public School (DPS), is partnering with a luxury hotel chain to start his first hospitality venture in Siliguri. Mankind Pharma has also entered the sector with two hotels, and other companies are following suit. Key Points
Economic TimesIND vs PAK: Ahmedabad hotel tariff hits the roof but cheaper options available
Hotels in Ahmedabad have hiked their room tariff by 200%, yet they are sold out. But don’t despair, there are cheaper options available. | Cricket Key Points
Hindustan TimesWhen World Cup brings a windfall
Hotels are the clear winners with the event falling in the festive and holiday season when demand is usually strong.Occupancies and average room rates are likely to rise in the December quarter. Key Points
mint
In Seema-Sachin love story, Room 204 in Kathmandu hotel, fake names, Insta reels
Seema Haider and her Indian partner Sachin Meena, who are under the scanner over their cross-border 'love story', stayed in a Kathmandu hotel for a week before moving to India. Amid investigations into how Seema Haider managed to enter the country illegally, it has emerged that the couple used fake names to book a room at the hotel. Key Points
India TodayDelhi: Man dupes five-star hotel of ₹58 lakh. Here's how he carried out the 'criminal conspiracy'
Roseate House hotel in Delhi reports a loss of INR 58 lakh due to alleged collusion between a guest and hotel staff. The guest stayed for two years without payment. hotel staff are accused of manipulating the hotel's internal software system to hide the outstanding balance. Key Points
mintBhojpuri film director Subhash Chandra Tiwari found dead in hotel room in UP
As per the police, Subhash Chandra Tiwari died on May 24. He hailed from Maharashtra. Key Points
The Indian ExpressOberoi Realty in talks with Marriott International, Hyatt for luxury hotel property in Thane
The company is planning to develop a 300-key property as part of its proposed integrated development spread across nearly 75 acres. This will be the first five-star hotel to come up in Thane near the countrys financial capital Mumbai. Key Points
Economic TimesLotus on location: Head to this Thailand hotel before HBO’s show does
The luxe Four Seasons in Koh Samui is likely to be the next filming spot for The White Lotus. It fits the bill and will take your breath away. Key Points
Hindustan Times
Chalet Hotels acquires 80-room hotel in Khandala for ₹133 crore
Chalet Hotels said it would acquire 100% shares of Sonmil Industries for ₹74.64 crore, and 82.28% of shares in The Dukes Retreat for ₹81.75 crore Key Points
mintFrom masses to classes: Is Mukesh Ambani gunning for hotel business?
Reliance Industries, led by Chairman Mukesh Ambani, is expanding its presence in the hotel business through a partnership with The Oberoi Hotels and Resorts. The company's diversification strategy has seen it enter various industries, including telecoms, retail, green energy, and now finance. Reliance's deep pockets could be beneficial for the hotel industry, which is facing challenges due to high capital costs and underinvestment. Key Points
Economic TimesFor Biden's G20 stay, 400 rooms booked. Delhi hotels prep for Xi, other leaders
US President Joe Biden will stay in ITC Maurya Sheraton while the Taj Palace will host Chinese President Xi Jinping. Altogether, 31 hotels in Delhi-NCR will host the delegates who will attend the G20 summit on September 9-10. Key Points
India TodayHazbin Hotel's ‘Loser, Baby’: Where to listen? Decoding the lyrics
Hazbin Hotel, the bold adult animated musical comedy, has made a lasting impression with its unforgettable song Loser, Baby. Presented in Season 1, Episode 4, titled Masquerade, this musical masterpiece captures the essence of the series. Key Points
Economic TimesAs Ram Mandir opens doors, jobs come rushing into Ayodhya
Typically, a hotel from construction stage to getting operational takes 3-4 years, said Nandivardhan Jain, CEO of Noesis Capital Advisors. However, in the case of Ayodhya, various permissions could be fast-tracked and, so, the demand for manpower is expected to pour in within 18 to 24 months, he added. Key Points
Economic Times