Companies News

Reliance Industries and Oberoi Hotels To Jointly Manage Three Properties In India, UK

Reliance Industries on Thursday announced that it has entered into an understanding with The Oberoi Hotels and Resorts (Oberoi) to jointly manage three properties across India and the UK. The trio of properties includes the upcoming Anant Vilas Hotel situated in Mumbai’s Bandra Kurla Complex (BKC), the iconic Stoke Park in the UK, and another […]

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Icra Expects Indian Hotel Industry To Grow By 13-15% In FY2024

The rating agency Icra estimated pan-India premium hotel occupancy at 70 to 72 per cent in FY2024, after recovering to 68 to 70 per cent in FY2023. Pan-India premium hotel average room rates (ARRs) are expected to be at Rs 6,000 to 6,200 in FY2024. While the occupancy is expected to be at decadal highs, […]

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