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Hotel industry News

02 Jan 2017

Restaurants, hotels bills set to be cheaper; govt says consumer has discretion on paying service charge

Hotel Association of India has clarified to the Department of Consumer Affairs that service charge paid by consumers in hotels and restaurants is optional and it is the consumers discretion whether he would like to pay the charge or not.

07 Nov 2016

Tourism will suffer at 18% GST on rooms, warns Hotel Industry

The Hotel and Restaurant Association of Western India (HRAWI) Monday said the government's four-tier structure in Good and Services Tax (GST), in which the service sector will be taxed at 18 percent, will cause the tourism sector a major setback.

Hotel bookings in India

03 May 2016

Save up to 20% in peak hotel rates by booking in advance

Savvy travellers can save about 20 percent on hotels across the world if they book during periods between May and July, according to a new survey.

28 Sep 2015

Indian hotel industry to touch $1.8 bn mark by 2016: ICRA

The domestic hotel industry is estimated to touch USD 1.8 billion by 2016, from USD 0.8 billion presently, buoyed by rise in online bookings, an ICRA report has said.

30 Jun 2015

Hotel industry to see modest 6% growth in FY16: ICRA

The revenue growth for the industry is expected to remain weak in the first half of 2015 with a growth rate of just 3 to 4 per cent and operating margins are likely to be flat, it said.

ITC Investments

12 Jun 2015

ITC to invest Rs 8,000 crore in Telangana

"As a commitment from ITC we assure you that we will be investing Rs 8000 crore in the state of Telangana. We will expand our paper plant capacity and set up a new hotel in Hyderabad,"

20 Apr 2015

Taj Group sees turnaround in two years

Taj Group, owned by Indian Hotels, which is weighed down by mounting losses and heavy debt Monday said it sees the group turning around and reporting profit within two years.

23 Feb 2015

Hotel industry revenue may grow 9-11% in FY16: ICRA

Indian hotel industry revenue is expected to grow by 9-11 percent in 2015-16 -- after a subdued growth rate of 5-8 percent in the current fiscal, rating agency ICRA said in a report.

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