Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Adani enters hospitality biz with IHG hotel pact for five hotels across four Indian cities
In a groundbreaking move for the hospitality industry, Adani Airport Holdings has announced its foray into the sector through a strategic partnership with IHG Hotels & Resorts. They are set to launch five stylish hotels in key locations, including Jaipur, Navi Mumbai, Mangaluru, and Thiruvananthapuram, featuring the luxury of IHG's Kimpton brand for Indian travelers.
Adani Airport Holdings signs deal with IHG Hotels & Resorts for 5 properties
Adani Airport Holdings is partnering with IHG Hotels & Resorts to build five new hotels. These hotels will be located in important cities like Mumbai, Navi Mumbai, Ahmedabad, Jaipur, Mangaluru, and Thiruvananthapuram. This collaboration will add nearly 1,500 hotel rooms. It also marks the debut of IHG's luxury brand, Kimpton, in India.
Adani and IHG are building hotels around India’s fastest-growing airports
Adani Airport Holdings and IHG Hotels & Resorts are joining forces to build five new hotels in India. This collaboration will bring nearly 1,500 hotel rooms to cities like Navi Mumbai, Mangaluru, Thiruvananthapuram, and Jaipur. The partnership marks the debut of the luxury Kimpton Hotels & Restaurants brand in India.
Luxury hotels in India are betting big on branded residences and serviced apartments
As room growth matures and travel habits change, chains such as Marriott, Leela, Taj, Sarovar and Atmosphere are turning to branded homes and longer-stay formats for newer, asset-light revenue streams.
The Leela Palaces acquires ultra-luxury resort in Coorg for Rs 560 crore
The Leela Palaces, Hotels and Resorts has acquired a luxury resort in Coorg for Rs 560 crore. This marks the brand's expansion into nature-led and wellness hospitality. The 71-villa property will be unveiled as The Leela Coorg Forest Sanctuary later this year. This acquisition strengthens The Leela's presence in South India and its portfolio of iconic landscapes.
Leela jumps over 4%, Indian Hotels, ITC Hotels gain after Nomura backs hospitality stocks ahead of Q1
Leela Palaces Hotels & Resorts rose 4.17% to Rs 495.55, while Indian Hotels gained 0.72% to Rs 733.85 and ITC Hotels advanced 0.40% to Rs 179.33 on the NSE