HOSPITALITY SECTOR
Airbnb supported 1.11 lakh jobs in India in 2024, contributed Rs 2,400 cr in wages: Report
Airbnb's presence in India significantly boosted the economy in 2024, supporting 1.11 lakh jobs and contributing Rs 2,400 crore in wages. Guest spending reached Rs 11,200 crore, with domestic travelers making up 91% of guests. The platform's activity accounted for 0.5% of India's travel and tourism GDP, demonstrating its growing impact on the nation's hospitality sector and allied industries.
IHG Hotels & Resorts appoints Jaideep Dang as head of development, South West Asia
IHG Hotels & Resorts has appointed Jaideep Dang to lead development in South West Asia. Dang will spearhead IHG's growth strategy across the region. He brings over 22 years of hospitality and real estate experience. India is a key growth market for IHG. The company aims to operate 100 hotels in India within 3-5 years.
Equirus Capital sees strong growth across Indian real estate segments
Equirus Capital highlighted strong momentum in India’s real estate sector, with robust growth across residential, commercial, and hospitality. Bengaluru emerged as a global hub, offering affordable office rentals, cost-effective workforce, and the highest commercial space absorption worldwide.
Quess adds 1.33 lakh new formal jobs, 23% includes women: Pulse report
India's formal economy is expanding, with record EPFO enrollments driven by young workers, as revealed by Quess Corp's report. Female labor force participation is rising, particularly in IT and ITeS sectors. Retail, BFSI, and telecom are key employment sectors, while states like Madhya Pradesh show strong workforce stability. Policy changes and infrastructure improvements are crucial for sustained growth and inclusivity.
India Inc revenue to grow 7% this fiscal on GST restructuring, but profit margins may remain flat: Crisil
Crisil Intelligence expects India Inc’s revenue to grow 6–7% this fiscal, driven by GST rate cuts boosting consumption, especially in FMCG, durables, and automobiles. However, the anti-profiteering rule may limit margin gains.
Vietnam's Vingroup looking to enter various biz segments in India: VinFast Asia CEO
Vingroup plans expansion into India. The company will explore hospitality, green energy, and automotive sectors. Vingroup aims to build smart cities on large land parcels. VinFast introduced electric vehicle models VF 6 and VF 7. E-buses and electric two-wheelers are also in development. Production capacity in Tamil Nadu will increase. The company will expand its dealer network and charging stations.
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Meghalaya inks MoU with Japan’s Asean One to train and place youth abroad
The Meghalaya government and Asean One Co. Ltd., Japan, have signed an MoU to create international career opportunities for Meghalaya's youth. This partnership, a result of Chief Minister's visit to Japan, will focus on training and placing youth in healthcare, IT, and other sectors, starting with 500 candidates and scaling to 5,000 over five years.
When the Dragon meets the Elephant: Building a win-win framework for both India and China
Following a five-year hiatus, Prime Minister Modi and President Xi Jinping met to recalibrate relations, emphasising stronger people-to-people ties and expanded trade. Addressing India's trade deficit is crucial, with potential for Chinese investment in Indian manufacturing. Collaboration in public health, tourism, education and infrastructure offers mutual benefits, requiring a clear road map for sustainable partnership.
Metals, hospitality in focus as GST cuts reshape market themes, cautious on NBFCs: Ashish Chaturmohta
The recent GST rate cuts have sparked a rally across consumption-linked sectors, with NBFCs, metals, hospitality and cement stocks emerging as key talking points for investors.
Travel industry packs its bags for a festive takeoff
The GST cuts on hotel tariffs and dining are expected to boost the travel and hospitality industry during the festive season, following a weak first quarter impacted by various incidents. With reduced prices, companies like Treebo anticipate increased bookings, aligning with the peak travel period of Navaratri and Diwali.
Blackstone Real Estate elevates Tuhin Parikh to Asia Vice Chairman, Asheesh Mohta to India head
Blackstone Real Estate is strengthening its Asia-Pacific presence by promoting Tuhin Parikh to Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India. Asheesh Mohta will now lead Real Estate India, succeeding Parikh. These changes reflect Blackstone's commitment to the region, particularly India, where it manages over $50 billion in assets.
Jobs crisis? America adds just 54,000 positions in August as market weakens
The U.S. job market is showing signs of weakness as new data highlights slower hiring in August. Experts point to rising worries and changes in different industries. While some sectors cut jobs, others like leisure and hospitality added positions. Economists now wait for the government jobs report and watch if the Federal Reserve cuts rates.
GST rate cuts complement Ayushman Bharat, PMJAY, says health ministry
The government's GST reforms aim to make healthcare more accessible and affordable by exempting health and life insurance premiums, reducing taxes on essential medicines and medical products. These changes complement initiatives like Ayushman Bharat and PMJAY, encouraging wider insurance adoption and lowering healthcare costs for citizens. The move also supports preventive healthcare by maintaining high taxes on harmful goods.
Tourism Boost: GST on hotel room tariffs under ₹7,500 cut to 5%
The Goods and Services Tax (GST) Council has decided to reduce tax rates on hotel rooms costing up to Rs 7,500 per day. The new rate is 5% without input tax credit. This decision aims to benefit budget and mid-market travelers. Nikhil Sharma from Radisson Hotel Group believes this will boost domestic tourism.
GST reforms set to boost FMCG, auto, insurance and hospitality sectors: Saurabh Mukherjea
India's Goods and Services Tax reforms are set to stimulate consumption and vital economic sectors. Saurabh Mukherjea highlights potential benefits for Fast-Moving Consumer Goods and the auto industry. He favors large-cap quality stocks. Insurance and business-focused hospitality also present opportunities. However, personal credit growth may face challenges due to job cuts. Mukherjea welcomes the reduced GST on popcorn.
SC asks if norms in place 'actually implemented' in matter over unethical pharma practices
The Supreme Court addressed concerns regarding the implementation of the Uniform Code for Pharmaceutical Marketing Practices (UCPMP) 2024, designed to curb unethical drug promotion. While the Centre asserted the code's strength, the court questioned its effectiveness in practice. The court has scheduled further hearing on October 7 to examine the enforcement of the existing regulatory framework.
Venturi Partners announces first close of second fund at $150 million
Venturi Partners has announced the first close of its second fund at $150 million, aiming for a total of $225 million within 12 months. The Singapore-based firm will invest in high-growth consumer companies across India and Southeast Asia, focusing on category creators, disrupters, and unorganised-to-organised-market transitions in Series B-D stages.
Anand Tandon warns tariffs may weigh on growth, stays bearish on consumption
Metal stocks like Tata Steel and Hindalco are performing well. This is due to tariff protection and supply issues in China. The tourism sector is also in focus because of GST changes. TBO Tek is gaining attention after acquisitions. However, analyst Anand Tandon is cautious. He believes tariffs could negatively impact India's economic growth. He expects a slowdown in consumption.
Diwali bonanza from GST panel! Market may rally further on resolution on tariff front, says Julius Baer’s Rupen Rajguru
Following the GST Council meeting, Julius Baer's Rupen Rajguru anticipates a potential market rally driven by tax cuts and tariff resolutions. He suggests that Indian equities, currently underperforming, could see a turnaround. Rajguru favors consumption-related sectors like autos and low-ticket discretionary items, while remaining neutral on IT and optimistic about pharma, particularly hospitals and CDMOs.
Hunch Ventures takes over Jamie Oliver India restaurants
Hunch Ventures is set to acquire Jamie Oliver Restaurants in India from International Market Management, becoming the sole owner. With plans to invest ₹200 crore over three years, Hunch aims to expand the brand into tier-2 and tier-3 cities through owned and franchised outlets.
Put more money where healthcare is
India's health insurance sector has surpassed ₹1 lakh crore in premiums, but a concerning trend emerges as insurers prioritize cost containment over operational efficiency. They are pressuring healthcare providers to cut costs, leading to delayed payments and compromised clinical decisions.
Hotel stocks rally up to 50% in FY26: Will GST 2.0 give them an extra boost?
Hotel stocks surged up to 50% in FY26, fueled by strong demand, GST reform hopes, and expansion plans. Analysts remain bullish on Lemon Tree, Chalet, and Apeejay Park, citing rising room rates, reduced debt, and new projects. Seasonal travel and premium supply gaps further support the growth outlook.
Markets pin hopes on GST meet as cyclical revival gains traction: Varun Goel
As the GST Council convenes, investors anticipate announcements that could influence market sentiment. Expert Varun Goel predicts FY26 as a potential turning point for India's GDP growth, fueled by monetary easing and tax cuts, benefiting consumption and capex. Corporate earnings are expected to rise significantly, particularly in auto, consumer durables, and staples sectors.
Quant Mutual Fund tilts portfolio towards largecaps, auto and FMCG; increases silver in multi‑asset fund
Quant Mutual Fund is focusing on large-cap stocks. It is increasing investments in auto and FMCG sectors. The fund house is also raising silver exposure in its multi-asset fund. Sandeep Tandon led Quant Mutual Fund is positive on infrastructure, hotels, pharma, consumption and telecom sectors. SEBI has approved Quant Mutual Fund's Specialized Investment Fund.
White-collar hiring up 3 pc in Aug; non-IT, AI-ML roles drive growth
India's white-collar job market saw a modest 3% hiring increase in August 2025, fueled by non-IT sectors and AI/ML roles, which surged by 54%. While IT faced a 6% decline, IT unicorns grew by 10%. Hyderabad led metro hiring with 10% growth and a 45% unicorn recruitment surge, highlighting its emergence as a startup hub.
Buy, Sell or Hold: Morgan Stanley initiates coverage on CG Power; Nuvama retains a buy on RIL
Brokerages are optimistic about specific large and mid-cap companies. Morgan Stanley initiates coverage on CG Power with an Overweight rating. Nuvama maintains a Buy call on Reliance Industries. InCred starts coverage on Apollo Hospitals with a Buy stance. Analysts cite robust earnings visibility and expansion plans. These companies have new growth engines in manufacturing, energy, healthcare, and digital sectors.
Hotels on the lookout for staff ahead of busy months
India's hospitality sector is gearing up for a busy travel season. Hotels are expected to hire many temporary workers. The demand is rising for bartenders, chefs, and front-office staff. Experts predict a 15-20% increase in temporary jobs. Radisson plans to hire over 1,600 new employees. There is also a need for skilled professionals in sales and revenue management.
Indian hospitality sector's revenue per available room jumps 12.9% in April-June: Report
Mumbai's hospitality sector saw growth. Revenue per Available Room increased by 12.9 percent in April-June. Bengaluru led with a 29.4 percent RevPAR rise. Hyderabad showed strong pricing power. Chennai, Delhi, and Mumbai also performed well. There were 106 hotel signings, totaling 13,398 keys. Investor confidence in India's hospitality sector is strong. Consolidation and partnerships are increasing in the industry.
Hospital sector positioned for double-digit growth; Apollo Hospitals, Max Healthcare top picks
India’s hospital sector shows strong momentum, with double-digit revenue and EBITDA growth supported by demand, bed expansions, and operational efficiencies. Despite margin pressures from new hospitals and slightly lower occupancy, capacity additions and rising healthcare demand position Apollo Hospitals and Max Healthcare for sustained profitability and attractive medium-term growth.
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