Hospitality Sector

Hotels and restaurants in Odisha have raised concerns over disruptions in the supply of commercial LPG cylinders, urging the Union government to ensure consistent fuel availability for the hospitality industry. Industry representatives warn that the shortage is creating operational challenges for food establishments that rely heavily on commercial gas for daily kitchen activities. The hospitality sector has formally appealed to the Petroleum Ministry for immediate intervention to stabilize supply chains.

ITC Hotels has strengthened its footprint in North India with the launch of a new Welcomhotel property in Mohali, marking a strategic expansion in a fast-growing urban and business corridor. The addition aligns with the company’s asset-light growth model and its focus on tapping emerging hospitality markets beyond traditional metros. Mohali’s expanding corporate ecosystem, improved infrastructure, and proximity to Chandigarh position it as a promising destination for premium hospitality.

Marriott International has outlined an ambitious growth strategy for 2025, projecting a 32 percent expansion across the Asia Pacific region. The hospitality giant’s roadmap reflects rising travel demand, strong post-pandemic recovery trends and accelerated development activity in emerging and established markets alike. The projected growth encompasses new hotel openings, brand debuts and pipeline acceleration across key destinations, reinforcing Asia Pacific as a strategic cornerstone of the company’s global portfolio.

Hotel tariffs across New Delhi have climbed steeply as demand linked to a high-profile artificial intelligence summit tightens room availability in the capital. Luxury and upper mid-scale properties are witnessing near-full occupancy, with average daily rates rising significantly compared with typical seasonal benchmarks. The influx of global executives, policymakers, technology leaders and media delegations has reshaped short-term pricing dynamics, offering a windfall for hospitality operators.

Brigade Hotel Ventures reported a rise in profit for the third quarter, supported by robust demand across its hospitality portfolio and improved operating efficiencies. Higher occupancy levels, firm room rates and a steady recovery in corporate and leisure travel contributed to stronger financial performance. The results highlight the continued rebound in India’s hotel sector, which has benefited from sustained domestic travel and a gradual return of international visitors.

Radisson Hotel Group is strengthening its footprint in India by expanding into key spiritual and pilgrimage destinations, aligning hospitality growth with the country’s rising faith-based tourism sector. The strategy reflects increasing travel demand to religious hubs driven by improved infrastructure, higher disposable incomes and government-backed tourism development. By introducing branded hotels in culturally significant cities, the company aims to tap into year-round visitor flows and diversify beyond traditional business and leisure markets.

Hospitality chain Pride Hotels has received regulatory approval to launch an initial public offering (IPO) worth Rs 1,000 crore, marking a significant milestone in its expansion strategy. The proposed offering is expected to support debt reduction, property upgrades, and new hotel developments across key business and leisure destinations. Industry observers view the move as part of a broader revival in India’s hospitality sector, driven by rising travel demand and improving occupancy rates.

ITC Hotels reported a robust 9.6% year-on-year increase in net profit, reaching Rs 237 crore in the third quarter, driven by strong domestic travel demand and operational efficiencies. Revenue growth was supported by sustained occupancy rates across key properties, alongside strategic cost management initiatives that enhanced margins. Analysts note that ITC Hotels’ performance reflects resilience in India’s hospitality sector, particularly in the premium and luxury segments.

Leela Hotels posted a sharp improvement in its financial performance for the third quarter, reporting a more than twofold rise in net profit to Rs. 147.88 crore. The results highlight the sustained recovery in India’s premium hospitality sector, driven by strong domestic travel, higher room rates, and improved operating efficiency. Steady demand from business travelers, weddings, and luxury tourism supported revenue growth, while disciplined cost management amplified margins.

ITC has strengthened its presence in India’s hospitality sector with the launch of a Welcomhotel property in Dehradun, marking a strategic expansion into one of North India’s fastest-growing urban and tourism hubs. The new hotel reflects ITC’s broader strategy of tapping emerging cities with rising demand for premium accommodation driven by business travel, weddings, and leisure tourism.