Latest Articles in hospitality
StayVista Raises INR 40 Cr, Plans To Expand
StayVista raises funds and aims to grow the revenue to 1000 crore in 3-4 years by adding more hospitality properties
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Jujhar Group Forays Into Hospitality With Acquisition Of Fairfield By Marriott
The 4-star property, comprising over 130 rooms and world-class amenities, is known for its stellar combination of contemporary comfort and award-winning customer service
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OYO Raises USD 660 Mn Term Loan Funding
The offer was oversubscribed by 1.7 times and the company received commitments of close to USD 1 billion from leading institutional investors, OYO said in a statement
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ZFW Hospitality Enters Mumbai To Scale 15 Brands
As part of its first cohort in Mumbai, ZFW will support the growth of over 15 brands such as Keventers, Vadilal, among others, as part of its immediate launch plans in Mumbai, the hospitality company said in a statement
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Hospitality, The Ekostay Way
"For an industry that contributes to nearly 10% of the GDP, we were truly hoping for some major change in government policies pertaining to the hospitality/travel sector factoring in the 6 months rigorous lockdown that led to major cutbacks and laying off employees as well as properties."
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Falcon Edge Backed Stanza Living Raises Over $100 Million
The fresh funding in Stanza Living has come at a time when the hospitality and accommodation sector is facing major challenges due to the spread of Covid 19. The sector is set to experience even more disruption with the second pandemic.
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Swamih Invests INR 171 Crore In Windlass River Valley
The funding will help the company to complete its 35-acre project. The advisor for this round of funding was Ashika Capital.
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Airbnb aims for $35 billion valuation in long-awaited IPO
Airbnb, a website for booking and renting rooms and homes, founded by Chesky and Gebbia in 2008, aims for $35 billion valuation in long-awaited IPO and plans to list on December 10th under the symbol "ABNB" on Nasdaq Global Select Market.
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Innovation: Changing the Face of Hospitality
For decades, India’s hospitality entities had been doing business in tried-and-tested fashion, too warm in their comfort zones to risk any innovation or change. The digital era has changed all that. Upstarts have challenged the reputed companies with disruptive innovations.
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Demonetization & the Hospitality Industry: Let’s change the Way We do Business!
This fast growing industry needs to use this opportunity to re-evaluate and re-assess. This is a disruptive moment for all of us, in not just how we do business, but also in the way consumer spending habits are going to change.
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