Hospitality

The water storage in the major reservoirs and river basins in the country has dropped less than the average storage recorded in a decade for the corresponding period.

By 2024, the Hyderabad-based hospitality brand hopes to have ten cloud kitchens and three more stores in Bangalore, Chennai, and Hyderabad.

The founder and group CEO of OYO tweeted about supporting its OYOpreneurs who have to part ways

The company is internally working towards a January IPO as executives are encouraged by a pick-up in demand

The company will utilize the fund to expand its footprint across the country and fortify itself into an enduring hospitality brand synonymous with luxury villa getaways

The fund raised will be utilized to further ChefKart's vision to become the lead provider of subscription-based at-home cooking services in Gurugram and expansion to other geographical territories

According to a survey conducted by community platform LocalCircles, 74 per cent respondents said they will not be visiting their favourite restaurant in the next 30 days even if it was open.

February bookings dropped by as much as 60 per cent in states where patients tested positive for the virus. On a year-over-year basis, Maharashtra, which currently has the most cases among all states in India saw a dip of 42 per cent; in Kerala, they fell by 54 per cent.

With international travel hit and fear among those planning domestic travel, affected airlines, hotels and booking portals take note of how much the pandemic is affecting the industry.

Amid difficult times, OYO Hotels & Homes global consolidated revenue stood at $951 million for FY19

New funds are expected to be used for expansion of the cafe network, investing in technology and strengthening its teams across all departments

Latest reports say SoftBank-backed OYO has laid off around 200 employees from Delhi and rolled back operations massively

As per the report filed with MCA, the hospitality unicorn will only turn profitable in 2022

Bengaluru-based Roxel Inn owner Betz Fernandez has sued OYO founder Ritesh Agarwal and six others alleging that the company has not paid rent for the last five months

With the aid of Artificial Intelligence and analytics, hospitality businesses are able to create end-to-end experiences resulting in delighted guests and increased revenue for hotels

The investment was led by Asia Partners, Rakuten Capital and Mirae Asset Naver Asia Growth Fund, existing investors including Qiming Venture Partners and International Financial Corporation (IFC) also participated in the round

Combating the problem, one has to break in schemes and strategies to lure the clientele back to the origin

The industry is changing at a dizzying pace - making way for newer ways of hospitality

Not retail or healthcare but the telecom sector is aggressively hiring skilled individuals

A whopping $19 trillion is anticipated as cost-savings and profits from this investment

Here's how this entrepreneur is building affordable holiday homes for Indians