RADISSON HOTEL GROUP
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.
Serviced residences surge as second home investments gain momentum in India
Serviced residences are becoming popular in Indian real estate. Demand is rising for second homes. Developers and investors are showing strong interest. Many are partnering with global hotel brands. This creates luxury living with hotel services. Goa shows high rental yields. Infrastructure upgrades are boosting property values. Remote work is also increasing demand.
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.
India's branded hotel supply may exceed estimates: Radisson
Radisson Hotel Group anticipates significant growth in India's hotel sector. CEO Federico J Gonzalez projects India's branded hotel rooms will exceed 200,000. He cites strong economic fundamentals as the driving force. Radisson aims to expand its presence to 500 hotels by 2030. The group is focusing on revenue and profitability for hotel owners.
From gloom to opportunity: CXOs told to harness AI, hedge tariffs at ET WLF
ET WLF 2025: Global strategists advise C-suite executives to navigate tariff challenges by strategically choosing investment destinations, particularly focusing on "new Asia" like India and Southeast Asian countries. They emphasize the importance of embracing AI and other technological advancements to enhance efficiency in a slower growth world.
India can be No 1 tourist destination: Radisson Hotel CEO Federico Gonzalez at ET WLF
Radisson Hotel Group CEO Federico J. Gonzalez believes India has the potential to become a leading global tourist destination, offering unforgettable experiences. He emphasizes the need for a well-structured plan with investments in marketing, infrastructure, and training. Gonzalez also highlights Radisson's significant presence in India, making it a key player in the country's hospitality sector.
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World watches as two-day ET WLF kicks off today, bringing together the big names
The Economic Times' World Leaders Forum commences today in Delhi, featuring prominent figures from business, politics, and technology. Prime Minister Modi will address the exclusive gathering on Saturday. Key ministers like Rajnath Singh and S Jaishankar will participate, alongside global leaders from BCG, PwC, and BMW.
Wed-in-India: Why are Indian couples going swadeshi?
Prime Minister Modi’s “Wed in India” call is reshaping the wedding market as affluent and middle-class families increasingly choose Indian destinations over foreign locales. Hotels in Rajasthan, Goa, Corbett and hill stations are reporting record bookings. Rising luxury supply, eco-luxury trends, and state-backed policies are driving the boom, making India a global hub for destination weddings.
Wedding season boom: Hotels in Corbett, Goa, Rajasthan see record bookings
India's wedding season is booming, with hotels and villas in popular destinations like Rajasthan, Goa, and hill stations nearing full capacity. Increased auspicious dates, new luxury properties, and a preference for domestic weddings are driving demand. Bookings are significantly higher than last year, even for non-auspicious dates, indicating a strong season ahead for the hospitality industry.
Hotels raise stakes on pandemic-era bets to ramp up revenue playbook
Hotel chains in India are capitalizing on ventures initiated during the pandemic, transforming them into significant revenue streams. These include diverse offerings like gourmet food delivery, boutique hotels, and sleep essentials retail. Chains are expanding their reach through innovative formats and smaller inventory footprints, tapping into segments with higher yields and faster recovery cycles.
Hotel Association of India introduces an industry mentoring programme structured for the hotel sector
Hotel Association of India introduces a mentorship programme. It aims to bridge the talent gap in the hospitality sector. The programme focuses on leadership and employee retention. Gajendra Singh Shekhawat launched the initiative. It supports India's goal of a $3 trillion tourism economy by 2047. KB Kachru highlights the need for more hotel managers.
Independence Day Long Weekend: Hotel occupancy, room rates set to climb on travel surge
Hotel occupancy and room tariffs across India are poised for an increase during the Independence Day long weekend, driven by strong travel demand. Top domestic destinations include Goa, Udaipur, and Jaipur, while international hotspots are Pattaya, Bali, and Bangkok. Industry experts anticipate a surge in bookings and a rise in average room rates compared to the previous year.
ET World Leaders Forum: Star-studded lineup to take centre stage on Aug 22
The Economic Times World Leadership Forum is set to reconvene in New Delhi. Global leaders will gather on August 22-23. They will explore the evolving global landscape. Discussions will focus on trade wars and economic uncertainties. The forum's theme is 'The Next Global Order'. Experts will analyze shifting power dynamics and AI advancements.
Branded residences in India: Luxury hotel chains expand their market presence
India's branded residences market is gaining traction, attracting major players like Marriott, ITC, Wyndham, and Radisson. These companies are exploring opportunities across various locations, driven by demand from HNWIs and NRIs for luxury, service-oriented living. The sector is projected to grow significantly, with brands leveraging their hospitality expertise to offer premium residential experiences.
Wild history of jailed Kazakh ex-Premier’s $3 mn mansion makes it a tough sell in a soft market
In the heart of Astana, a once-coveted luxurious villa now stands as a symbol of controversy. Previously owned by Karim Massimov, a former prime minister now imprisoned for treason, the property has faced multiple auction setbacks. The city's stagnant real estate market, combined with the villa's notorious history, leaves potential buyers hesitant.
Hotels gear up for busy Independence Day weekend
Hotels and resorts across India are experiencing high demand for the Independence Day long weekend, with many destinations already significantly booked. Room tariffs have increased by 10-15% compared to last year, driven by travelers seeking premium experiences. Popular destinations include Goa, Udaipur, Lonavala, and spiritual circuits, with cruise tourism also seeing a surge in interest.
Radisson Hotel Group introduces Radisson Flights in India
Radisson Hotel Group has launched Radisson Flights in India, partnering with Etraveli Group to offer integrated flight and hotel booking services. This move aims to simplify travel planning for Indian consumers, providing access to a wide range of flights with exclusive savings on hotel stays. The initiative is part of Radisson's digital transformation and expansion across India.
Radisson Hotel Group launches Radisson Flights in India with Etraveli Group
Radisson Hotel Group has introduced Radisson Flights in India, collaborating with Etraveli Group to provide a seamless booking experience. This digital platform allows Indian guests to book flights and hotels in a single transaction via the Radisson Hotels platform. The launch is part of a global expansion, aiming to meet the increasing demand for convenient travel solutions in India.
A glimmer of hope as tourism trickles back into Kashmir, three months after Pahalgam attack
After a terror attack, Kashmir's tourism is slowly reviving. Hotels in Srinagar and Sonamarg are seeing some occupancy. Corporate groups are cautiously returning for meetings and retreats. A life insurance company and a bank have booked rooms and events. Tourist arrivals fell significantly this year. Authorities are working to reopen destinations after security audits.
Hotels revamp services and offerings in a bid to resonate better with guests
Hotels are evolving to meet modern traveler expectations by offering curated, personalized experiences. Properties are introducing innovative concepts like cocktail bar check-ins, smart laundry closets, and AI-enabled gyms. Chains are also partnering with literary companies, offering spiritual concierge services, and extending spa timings to cater to diverse guest preferences and enhance their overall stay.
Whiteland Corp raises Rs 250 crore for housing project in Gurgaon
Whiteland Corporation has secured Rs 250 crore and is in talks for another Rs 400 crore to finance its Westin Residences Gurugram project, a Rs 4,000 crore investment. The 20-acre development will feature 1,700 homes and is expected to generate Rs 15,000 crore in revenue. Construction contracts worth Rs 2,000 crore have been awarded.
Bengaluru’s heritage hotel checks into Radisson's global portfolio
Radisson Hotel Group is growing in India. They have added St. Mark's Hotel Bengaluru to their Radisson Individuals brand. The hotel is in a central location. It has been a landmark for over 30 years. The hotel offers rooms, dining, and event spaces. Guests can enjoy spa and fitness facilities. This partnership marks a new chapter for the hotel.
Hotels rake in moolah as Indians hit the road for impulsive trips
A rising number of Indians are taking to self-driving trips and road trips not just domestically but overseas as well. Rajesh Magow, co-founder and group CEO of MakeMyTrip said the interesting shift being observed in leisure travel by road in recent times is the emergence of newer demand centres near metro hubs across the country.
Radisson Group looking at doubling hotel portfolio in India: South Asia MD Nikhil Sharma
Radisson Hotel Group, with over 200 operational hotels in India, aims to double its portfolio, emphasizing sustainable and inclusive growth. Despite recent challenges in Jammu and Kashmir, the group remains committed to the region's tourism potential. With 8,000 keys in the pipeline, Radisson anticipates hiring an additional 16,000 employees, focusing on expansion in Tier-II, Tier-III, and Tier-IV cities.
Radisson Hotel Group had five new openings in H12025
Radisson Hotel Group is expanding its presence in India with five new hotel openings planned for the first half of 2025. The strategic expansion includes properties in Jamshedpur, Yelahanka, Koti, Gaj, and Prayagraj, catering to diverse traveler segments. This move reinforces Radisson's commitment to bringing branded hospitality to emerging business hubs and high-potential leisure destinations across the country.
Radisson Hotel Group adds 21 properties in India under 9 brands in 2023
K B Kachru, Chairman Emeritus and Principal Advisor of Radisson Hotel Group, South Asia, stated that the milestones achieved in 2023 have set a strong growth trajectory for the group in 2024. The strategic focus includes expanding roots and fortifying presence in untapped markets.
Radisson Hotel Group signs 11 new hotels in India
The company said these new hotels are present across Hyderabad, Bengaluru, Ujjain, Raipur, Sonamarg, Manali, Kerala, and Visakhapatnam.
Radisson Hotel Group announces signing of 17 new hotels in India
Radisson Hotel Group, which is present in more than 60 cities across the country said it is actively pursuing opportunities to introduce its brands to key gateway cities and rapidly emerging destinations nationwide, including Tier 2 and 3 cities.
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