Hotels Segment News Today

ITC Ltds standalone net profit fell 1.31% to Rs 5,020.2 crore.

Total revenue from operations of the company rose 2 percent on year-on-year basis at Rs 17,651.85 crore from Rs 17,265 crore, ITC said

ITCs board has given an in-principle nod for the demerger of its hotels business. ITC currently has over 120 hotels and 11,600 keys across over 70 locations. Under the new scheme, the company would hold a stake of around 40% and the balance will be held by the companys shareholders proportionate to their shareholding in the company

ITC, despite facing a challenging business environment, has demonstrated strong performance across all operating segments as a result of its ITC Next strategy.The diversified conglomerate recently released its Annual Report for FY 2022-23, ...

Increase in demand for water mist suppression systems and the need to offer protection against fire risks to industrial kitchens across the world drive the growth of the global industrial cooking

Hyatt Hotels Corporation reported second quarter 2022 financial results. Net income attributable to Hyatt was 6 million

In spite of significant disruptions during the year, ITC posted robust growth in revenues and profits, surpassing pre-pandemic levels.ITCs consumer-centricity, agility in seizing market opportunities, focus on execution excellence and ...

Despite posting a net loss attributable to Hyatt of $73 million, or $0.67 per diluted share, in the first quarter of 2022, Hyatt Hotels Corporation has seen system-wide RevPAR surges in March which further strengthened in April.

The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated and standalone financials for the fourth quarter ending March 31st, 2022 and the full year FY 2021-22.

Orascom Development Holding AG / Key word(s): Annual Results/Annual Results Orascom Development Holding AG back to profitability, with net pro...