02 Mar 2026

Hyatt Hotels is targeting a fivefold expansion in India over the next five years, driven by growing domestic travel and higher consumer spending. Currently operating 55 hotels in key cities like New Delhi, Mumbai, and Bengaluru, the company had earlier aimed for 100 properties by 2030. India's hospitality market, expected to nearly double by 2031, attracts other global chains such as Hilton and Leela Hotels. Industry leaders see the country as a long-term investment opportunity, supported by urbanisation, rising travel demand, and a shortage of luxury accommodations.Read more

02 Mar 2026

Uber has pumped almost INR 3,000 crore into its Indian subsidiary, Uber India Systems Pvt Ltd, in a bid to strengthen its position amid rising competition from homegrown rival Rapido and other players in the country's ride-hailing market. Parent company Uber B.V. invested the funds in two tranches about INR 200 crore in November and roughly INR 2,721 crore in January according to corporate filings. The capital boost comes as Uber's India operations face slowing revenue growth and widening losses, while Rapido has been rapidly expanding market share since entering the cab segment in late 2023. Industry estimates suggest Uber's share of the four-wheeler segment has remained around 45 per cent, but overall ride volume has shifted in favour of Rapido, particularly in two- and three-wheeler services, intensifying the battle for commuters and drivers alike.Read more

02 Mar 2026

Global hospitality major Hilton has announced the signing of Waldorf Astoria Goa, bringing one of the world's most established luxury hotel brands to India's western coastline for the first time. Scheduled to open in 2030, the 148-room resort will be developed by West Coast Hotels Pvt. Ltd, a joint venture between the VS Dempo Group and Triton Hotels & Resorts Private Ltd. Hilton said the signing aligns with its broader Asia Pacific growth strategy, under which the company plans to expand its luxury and lifestyle portfolio significantly over the coming years. The Goa project reflects sustained investor interest in high-end hospitality assets in established leisure destinations, supported by long-term tourism demand and premium positioning.Read more

28 Feb 2026

ICRA has projected that the Indian aviation industry's net losses are expected to decline to around INR 11,000-12,000 crore in FY27, compared to an estimated INR 17,000-18,000 crore in FY26. The improvement is linked to a recovery in domestic passenger traffic, which is expected to grow by 6-8 percent after remaining largely flat in the current year. While operational disruptions, foreign exchange losses and higher costs impacted performance recently, easing aircraft groundings and stable yields could support gradual financial recovery.Read more

27 Feb 2026

Mindspace Business Parks REIT is investing INR 350 crore to develop a 330-key luxury hotel at its Mindspace Madhapur campus in Hyderabad, pre-leased to Chalet Hotels Ltd. The project will occupy 5.3 lakh sq ft and is expected to be completed by the fourth quarter of 2027-28, including ancillary commercial space. Mindspace Madhapur is a 13 million sq ft IT/ITeS hub with Westin hotels and the Inorbit Mall. The REIT, backed by K Raheja Corp, manages 39 million sq ft of office assets across multiple Indian cities.Read more

27 Feb 2026

Makmor has signed an LoI with German company MD Aircraft GmbH to acquire 10 nine-seater electric regional aircraft, MDA1 eViator, aimed at enhancing India's regional air travel. The aircraft, designed for short take-off and landing from smaller airstrips, promises lower operating costs and near-zero emissions. Initial flight tests are planned for 2028, with certification and commercial operations by 2030. With hundreds of underutilized regional airstrips and growing connectivity demand in tier-2 and tier-3 cities, India is emerging as an early market for Bengaluru-based business management consulting firm Makmor recently announced that it has signed a letter of intent (LoI) with German aviation company MD Aircraft GmbH to acquire 10 electric regional passenger aircraft. The move aims to tap into the rising demand for regional air travel in India.Read more

27 Feb 2026

Akasa Air has become the first airline to begin commercial operations from the new integrated terminal at Lokapriya Gopinath Bordoloi International Airport in Guwahati. The inaugural flight operated between Mumbai and Guwahati, marking the formal start of passenger services from the expanded facility. The terminal, inaugurated by Narendra Modi in December last year, raises the airport's annual passenger handling capacity to around 13.1 million. The development is expected to strengthen air connectivity in Assam and support growing travel demand across the Northeast.Read more

27 Feb 2026

Apeejay Surrendra Park Hotels Ltd is expecting to generate around INR 350 crore from a serviced residence project on EM Bypass in Kolkata, which will be used to fund the construction of a new luxury hotel in the city. The mixed-use development is being undertaken in partnership with Ambuja Neotia Group and marks the first collaboration between the two Kolkata-based groups. Spread across 3.35 acres of land owned by Apeejay Surrendra Park Hotels, the project will comprise a 69-unit serviced residence development alongside a 218-key luxury hotel. Both components are targeted for completion by 2030. Company executives said the residential monetisation strategy would help reduce the capital burden associated with developing large hotel assets in premium urban locations.Read more

26 Feb 2026

Shoppers Stop has relaunched its Juhu store, marking a significant step in its premiumisation journey. The revamped store combines global fashion, beauty, lifestyle, and home brands, with several making their debut at this location. Experiential installations such as Echoes of Fragrance, Juhu Seashore, and Bollywood Bioscope enhance the shopping experience by connecting it to local culture and cinema heritage. With curated layouts, immersive storytelling, and services like Personal Shopper, the store positions itself as a destination for sophisticated and style-conscious consumers in Mumbai, reflecting evolving premium retail expectations.Read more

26 Feb 2026

A SpiceJet Boeing 737 operating flight SG121 from Delhi to Leh returned to the national capital after facing a technical issue mid-air. Around 150 passengers were on board at the time of the incident. The aircraft landed safely in Delhi, and all passengers were disembarked without any difficulty. Sources indicated that the aircraft experienced an engine-related issue. The airline confirmed the return as a precautionary measure. No injuries were reported. The development adds to ongoing operational challenges faced by the carrier in recent months.Read more