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Etrav Tech's $3.9 Mn Investment Led By EaseMyTrip Propels Growth

Mumbai-based Etrav Tech Ltd. on Monday has successfully secured a substantial investment of $3.9 million (INR 33 crore) in its second round of funding. The funding round was spearheaded by EaseMyTrip, a prominent player in the travel industry. This strategic infusion ...

OYO Re-Starts Self-Operated Hotels, Targets 200 New Properties

Hospitality tech platform OYO on Tuesday said it has restarted self-operated hotels tagged as 'Managed by OYO' through the company's app and website and is seeking partnerships with real estate developers to identify properties for these hotels. "As part of the ...

Broking Firm Suggests Buy Midcap Hotels Sector Stock, Sees 48% Strong Gains, Jumps 368.18% In 3 Yrs

ICICI Securities has placed a Buy on Lemon Tree Hotels Ltd. with a target price of Rs. 137/share. The stock with the given target price shows up to 48% potential gain if purchased at the current market price. Lemon Tree Hotels ...

Nuvama Maintains Bullish Outlook On Small Cap Hotels Stock, Sees 54% Strong Gains, Buy

Nuvama, a leading brokerage firm, maintains its positive outlook on Royal Orchid Hotels Ltd, a small cap Hotels sector stock. The brokerage assigns a "Buy" call on the stock with a target price of Rs 433/share. Given the target price, if ...

Goa's 3-Star Hotels, To Now Get Additional Floor Area Ratio Facility

Goa's Town and Country Planning Minister Vishwajit Rane has said his department will extend the facility of additional Floor Area Ratio (FAR) to three-star hotels which will help generate more revenue for the coastal state. The FAR facility is currently available ...

HC Stays Guidelines Prohibiting Levying, Of Service Charges By Restaurants

The Delhi High Court on Wednesday stayed the recent guidelines prohibiting hotels and restaurants from levying service charges automatically on food bills. Justice Yashwant Varma, while dealing with petitions by the National Restaurant Association of India (NRAI) and Federation of Hotels ...

Hotels, Restaurants Barred, From Levying Service Charge

Amid rising consumer complaints, the Central Consumer Protection Authority (CCPA) on Monday barred hotels and restaurants from levying service charge automatically or by default in food bills and allowed customers to file complaints in case of violation. The CCPA has issued ...

Stock To Buy: Revenue Grew 26% YoY, Buy This Hotel Chain Stock For 26% Returns, Suggests Motilal Oswal

The leading brokerage firm, Motilal Oswal Financial Services has suggested investors buy the Lemon Tree Hotels Ltd shares for a target price of Rs 870/share. In its report published on 30 May 2022, the brokerage has also stated that the hotel ...

Hotel And Hospitality Sector Outlook In India

The hotel and hospitality sector has started to experience a sharp recovery, this year, as the Covid pandemic contamination eases across the nation. Additionally, employees' salaries, increments, and new recruitments are also increasing in line with the growth of the sector. ...

Omicron Spread To Be Less Disruptive For Hotel Sector: IndiaRatings

India Ratings and Research (Ind-Ra) opines that increasing intensity of the third covid wave in India could meaningfully impact the operating metrics of hotels across sub-segments and regions in 4QFY22, but the level of disruptions will be limited in 1QFY23. Since ...

SEBI Blocks Hotel Leelaventure From Selling Hotels And Properties To Brookfield Asset Management

The regulating body Securities Exchange Board of India (SEBI) has barred the cash-crunched Hotel Leelaventure from selling its four hotels and a property to Canadian investment fund Brookfield Asset Management. Earlier, on March 18, the Hotel Leelaventure Ltd (HLVL) had ...

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