Tag
Hospitality
23 articles
The hospitality sector is experiencing a mix of strategic expansion and operational adjustments. Airbnb is broadening its service offerings with luggage storage, airport pickups, and car rentals, aiming to generate at least $1 billion annually from these new ventures, while ITC Hotels strengthened its leisure portfolio with the acquisition of Zuri Hotels in Kerala. Meanwhile, several companies, including Byke Hospitality and Advent Hotels, are navigating internal changes like auditor resignations and board restructurings, alongside reporting financial results that reflect varied performance—Ventive Hospitality demonstrated robust revenue and EBITDA growth, while Advent Hotels reported a net loss. These developments suggest a dynamic environment where companies are adapting to evolving consumer preferences and operational challenges, with potential implications for investment strategies and market outlook.
Airbnb Launches Luggage Storage, Car Pickups, Rentals
Airbnb announced new services—luggage storage via Bounce, airport pickups via Welcome Pickups, and upcoming car/equipment rentals.
Partnerships cover 175 cities for storage and expand grocery‑stocking
Byke Hospitality Internal Auditor Resigns
The Byke Hospitality Limited's internal auditor, M/s. P.P. Kapoor & Co., resigned effective May 19, 2026.
Resignation was due to the auditor's preoccupation with other professional business commitment
Byke Hospitality Nil Preferential Issue Fund Deviation
The Byke Hospitality Limited files a regulatory statement confirming no deviation in the use of ₹54.95 crore proceeds from its preferential issue of equity warrants.
Total funds raised were ₹54.95 cro
Byke Hospitality FY26 Net Profit ₹67.05 Lakhs
Board approved audited FY26 results with net profit of ₹67.05 lakhs and revenue from operations of ₹1,081.64 lakhs.
Noted resignation of Company Secretary Ritika Jaiswal effective May 30, 2026, and In
Viceroy Hotels Q4 FY26 Earnings Call Announcement
Viceroy Hotels schedules analyst call for Q4 & FY26 results on May 25, 2026 at 3:00 PM IST.
Management participants include Non-Executive Director, CFO, and COO to discuss financial performance.
Dial-
Benares Hotels Independent Director Resigns Due to Age Limit
Mr. Moiz Miyajiwala resigns as Independent Director of Benares Hotels effective May 23, 2026, citing prescribed age limit compliance.
He ceases as Chairman of Nomination & Remuneration and Audit & Ris
MAC Hotels Board Meeting on May 30, 2026
MAC Hotels Ltd schedules board meeting on May 30, 2026, to approve FY26 audited results.
Agenda includes consideration of standalone audited financial results for year ended March 31, 2026.
Trading wi
GT Investments BV Gets Sole Arbitrator
Supreme Court allowed arbitration petition, appointing Ms. Mahalaxmi Pavani as sole arbitrator for GT Investments BV vs Kufri Hotels dispute.
Dispute stems from franchise agreement where respondent de
Ventive Hospitality FY26 Revenue Up 24% to INR 2,666 Cr
Ventive Hospitality reported strong FY26 results with revenue growth of 24% to INR 2,666 crores and EBITDA growth of 28% to INR 1,299 crores.
The company's hospitality segment neared INR 2,000 crores
Advent Hotels FY26 Net Loss ₹442 Lakhs Standalone
Advent Hotels reported audited standalone net loss of ₹442.22 lakhs and consolidated net profit of ₹653.99 lakhs for FY ended March 31, 2026.
Board dissolved voluntary Risk Management Committee and ap
EIH Limited Board Meeting May 26 FY26 Results
EIH Limited board meeting scheduled for May 26, 2026 to approve audited FY26 financial results.
Board will consider recommending final dividend for financial year ended March 31, 2026.
Trading window
ITC Hotels Acquires 100% of Zuri Hotels
ITC Hotels completed the 100% acquisition of Zuri Hotels and Resorts Private Limited for up to ₹175 crores on 19th May 2026.
The acquisition adds a 72-key luxury resort in Kerala to ITC's portfolio, a
SAMHI Hotels Attends Ambit Capital Investor Conference
SAMHI Hotels officials will attend an in-person investor conference organized by Ambit Capital in Mumbai on May 25, 2026.
Discussions will be based solely on publicly available information with no unp
SAMHI Hotels Q4 FY26 Earnings Call on May 22
SAMHI Hotels schedules earnings call for Q4 and FY26 audited results on May 22, 2026.
Call will feature Chairman & CEO Ashish Jakhanwala and CFO Rajat Mehra for investor discussions.
Registration is r
Royal Orchid Hotels Launches Regenta Place Hyderabad
Royal Orchid Hotels Ltd launches new Regenta Place property in Hyderabad's HITEC City, marking its entry into Telangana.
The property features 74 keys, a multi-cuisine café, and a 3,000 sq ft rooftop
United Foodbrands Grants 11,000 ESOPs at ₹364.55
United Foodbrands' committee approved grant of 11,000 employee stock options under ESOP Plan 2015.
Options granted at exercise price of ₹364.55 per share based on NSE closing price on May 18, 2026.
Ve
EIH Associated Hotels Wins Full Tax Penalty Appeal
EIH Associated Hotels discloses favorable CIT(A) order deleting entire income tax penalty demands.
The appeal successfully challenged penalties of ₹27.8 lakh for FY17 and ₹11.98 lakh for FY18.
Regulat
Chalet Hotels Board Approves Promoter Group Reclassification
Chalet Hotels board approved reclassification of Content Properties and Sycamore Properties from Promoter Group to Public category.
Both entities hold zero shares in the company, meeting SEBI Listing
Lucifer Restaurant SLP Dismissed by Supreme Court
Petition by The Lucifer Restaurant & Anr. sought special leave to appeal a Telangana High Court judgment dated 17‑04‑2026.
Supreme Court, comprising Justices Pankaj Mithal and S.V.N. Bhatti, heard sen
TGB Banquets FY26 Audited Results & Internal Auditor Appointment
Board approved standalone audited financial results for Q4 and FY ended March 31, 2026, reporting total assets of ₹11,225.31 lakh.
Appointed M/s. Rubbal Anil Bhandari and Associates as Internal Audito
Emerald Leisures FY26 Net Loss ₹856 Lakh
• Emerald Leisures reported audited standalone net loss of ₹856.04 lakh for FY26 and ₹63.94 lakh for Q4 FY26.
• The Board approved financial results and noted no impairment required for non-financial
Taj GVK Promoters Release 8.93% Pledged Shares
Taj GVK Hotels & Resorts discloses promoter pledge release of 56,03,120 shares upon partial loan repayment.
Pledged shares reduced from 23.73% to 14.80% of total company share capital.
Disclosure made
Sayaji Hotels Promoter to Sell 0.16% Stake MPS
Sayaji Hotels (Indore) Ltd discloses prior intimation of promoter share sale to restore Minimum Public Shareholding (MPS) compliance.
Mrs. Anisha Raoof Dhanani (Promoter) intends to sell 0.16% of tota