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.

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 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,"

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.

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.

Hotel industry sees no signs of revival: India Ratings

Hotel industry continues to face a muted revenue growth, stagnated profitability and elevated credit risk in FY15, driven by lower demand growth and supply-side pressures, an India Ratings & Research (Ind-Ra) report said.

HHI plans Rs 350 crore investment for expansion

HHI Group plans to invest Rs 350 crore by 2015 on adding 500 rooms.

'Service tax hike to make hotel rooms more expensive'

The government's decision to increase service tax to 12 percent will make hotel tariffs more expensive, and will have an impact on overall occupancy and business for hotel companies, leading hoteliers said on Thursday.