The hotel industry faces a significant labor shortage, hindering expansion plans while the government and companies struggle to find solutions to the crisis.
Lemon Tree Hotels aims to open 100 hotels in India by 2020, expanding its capacity to 10,000 rooms, while delaying its real estate venture with Warburg Pincus.
The Indian real estate sector is experiencing a downturn, testing its resilience amid economic changes despite its vital role in urban development and job creation.
Jaypee Group merges subsidiaries with Jaiprakash Associates, enhancing economies of scale and synergy.
ITC to invest in new hotels in Chennai, Kolkata, Ahmedabad, Hyderabad, and Delhi, with estimated investments over Rs 4000 crore this year and next.
Real estate companies are increasingly investing in hospitality projects due to a perceived oversupply in residential and commercial markets. Driven by rising room rates and limited supply, developers view hospitality as a stable income source.
Hilton Hotels Corporation is planning a major comeback in the Indian market after ending its partnership with The Oberoi Group. The company is negotiating with multiple real estate players and will introduce its full range of hotels.