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News
PRISM targets $700M IPO this FY
3+ day, 12+ hour ago (347+ words) Company to set IPO price before launch OYO parent PRISM plans to launch a $7 billion IPO this fiscal year. OYO PARENT PRISM plans to launch a $700 million or ₹6,650 crore initial public offering this fiscal year, founder and CEO Ritesh Agarwal…...
DOJ Files $100M Fraud Lawsuit Against Hotel Duo Pankaj and Rajan Sheth
3+ day, 14+ hour ago (222+ words) Asian Hospitality - Do Not Process My Personal Information Sheths deny allegations, say business legitimate Indian-origin father and son hoteliers Pankaj and Rajan Sheth are accused of more than $100 million in loan fraud. AN INDIAN-ORIGIN FATHER and son who operate hotels…...
India????s foreign tourism flat
3+ day, 14+ hour ago (429+ words) Industry calls for renewed overseas marketing Foreign tourism in India is expected to stay flat this year as global conflicts drive up travel costs. FOREIGN TOURIST ARRIVALS in India are expected to remain flat this year as global conflicts push…...
Delhi rooms top $840 pre-BRICS
4+ day, 5+ hour ago (298+ words) Hotel rates likely to stay high until Sept. 20 Hotel rates in Delhi and the NCR surged ahead of the BRICS Summit, scheduled for Sept. 11 to 13. Ashya Rose is a junior journalist with Asian Hospitality. She has also worked with sister…...
Hotel family accused of $100M fraud
4+ day, 15+ hour ago (214+ words) Sheths deny allegations, say business legitimate Indian-origin father and son hoteliers Pankaj and Rajan Sheth are accused of more than $100 million in loan fraud. AN INDIAN-ORIGIN FATHER and son who operate hotels in the U.S. are accused of securing more than…...
Ahmedabad-Gandhinagar face 22K-room hotel gap
5+ day, 3+ hour ago (341+ words) The twin cities have about 18k hotel keys Ahmedabad and Gandhinagar may need 22,000 more hotel rooms for the 2030 Commonwealth Games. AHMEDABAD AND GANDHINAGAR may need about 22,000 more hotel rooms to host the 2030 Commonwealth Games and 2029 World Police and Fire Games, according…...
Montu Patel Wins 2026 IFA Franchisee of the Year Award
1+ week, 1+ day ago (317+ words) He is recognized for entrepreneurship and community outreach Innovative Hospitality Management owner Montu Patel is an International Franchise Association 2026 Franchisee of the Year. Montu Patel, owner of Innovative Hospitality Management in Doylestown, Pennsylvania, is a 2026 Franchisee of the Year. The…...
Patel is IFA Franchisee of the Year
1+ week, 1+ day ago (325+ words) Asian Hospitality - Do Not Process My Personal Information He is recognized for entrepreneurship and community outreach Innovative Hospitality Management owner Montu Patel is an International Franchise Association 2026 Franchisee of the Year. Montu Patel, owner of Innovative Hospitality Management in Doylestown,…...
Zo Selections opens in Rajasthan
1+ week, 5+ day ago (267+ words) Asian Hospitality - Do Not Process My Personal Information The property in Jaipur is the brand’s premier First Zo Selections hotel opened in Jaipur, Rajasthan, India. Ashya Rose is a junior journalist with Asian Hospitality. She has also worked with sister…...
BRICS Summit Boosts Delhi Hotel Rates Ahead of Event
1+ week, 6+ day ago (300+ words) Some hotels report no rooms for event dates Delhi, India’s luxury hotels’ rates rising ahead of BRICS Summit. Ashya Rose is a junior journalist with Asian Hospitality. She has also worked with sister publication Eastern Eye. Her interests include business,…...