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Hotel industry sees no signs of revival: India Ratings

Last Updated: Monday, May 05, 2014, 19:00

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

Last Updated: Thursday, October 04, 2012, 12:19

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

'Service tax hike to make hotel rooms more expensive'

Last Updated: Thursday, March 22, 2012, 17:24

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.