The 24-year-old founder and CEO of OYO said that the company currently manages 180,000 rooms in 4,000 leased and franchised properties spread across 265 cities in China

The aviation sector is notorious for grounding the well-laid-out plans of savviest business heads.

The largest consultancy with about 60 per cent market share in the hospitality consulting space closed down after the senior management of HVS India and 42 employees started their own venture Hotelivate.

India's tourism sector grew over 10 percent in the six months ending September, compared to near 8 percent in the year-ago period. According to an industry report, tourism employs 40 million people in India and could add 10 million jobs in a decade.

A boutique hotel chain promises a fine blend of extravagance and out-of-the-box experiences.

Several changes are shaking up the structure of the travel sector.

International hotel chains are using a multibrand and asset-light strategy to grow faster.

A sprinkling of Indian avant-garde cuisine is making fine dining exciting.

The business of luxury retailing is being shaped by a handful of first and second generation entrepreneurs. They are influencing the shoes that members of India's glitterati wear, the bags they carry, the watches that strategically pop out of their cuffs and the cars they drive.

M&M is close to signing a deal to buy Italian car designer Pininfarina, two sources with direct knowledge of the matter said on Friday. The stock ended 1.96 per cent up.

Now, SBI, which was often labelled as old-fashioned, has an aggressive social media strategy, providing Internet and mobile banking solutions with ease to cater to the Gen Y customers.

While India's growing economy and favourable demographics is a natural pull, the fast evolving Indian consumer is perhaps making this a right time for burger bigwigs to enter.

Deepika Arora, Regional Vice President (Eurasia) of Wyndham Hotel Group, shares the challenges and opportunities for Wyndham in the Indian market.

Hospitality majors are reinventing themselves and so hotels are building private zones for their uber luxe guest in the new developments coming up. And creating some unforgettable experiences to hook the traveller.

Chairman Ajay Singh's hands-on approach has led to the gradual improvement in market share and financial performance in recent months. However, the challenges in front of SpiceJet are still daunting.

Several factors are driving this flourishing trade in bad assets. But the biggest trigger came in November 2013 when RBI Governor Raghuram Rajan, in a strongly worded exhortation, asked the banking system to clean up its act.

Having started with economy hotels in 2005, Ji Qi, Founder of the China Lodging Group, gradually brought in midscale and upscale properties into his portfolio. Growth has been phenomenal, and targets going forward are equally so.

Despite industry concerns about the viability of mid-market and economy segments in hospitality, Accor India Senior VP of Operations Jean Michel Casse continues to be bullish.

High capital costs, long development time and poor room rates are impacting the return of capital employed (ROCE), making investors impatient and piling on the pressure on hotel operators.