04 Mar 2026

The US and Israel's strikes on Iran earlier this week disrupted global air travel, forcing the closure of major Middle Eastern airports in Dubai, Doha, and Abu Dhabi. Airlines including Aegean, Air France-KLM, Air India, British Airways, Emirates, Etihad, Finnair, IndiGo, ITA Airways, Cathay Pacific, Lufthansa, Malaysia Airlines, Singapore Airlines, Qatar Airways, Turkish Airlines, and Wizz Air suspended or cancelled flights across the region, affecting tens of thousands of passengers. Flights to Israel, the UAE, Saudi Arabia, Qatar, and surrounding countries faced widespread disruption, with some cancellations extending into mid-March as airlines navigated airspace closures and safety concerns.Read more

04 Mar 2026

Indian Hotels Company Limited (IHCL) has announced the opening of Gateway Dehradun, a 100-key property that marks the debut of its Gateway brand in the capital city of Uttarakhand. The launch expands IHCL's presence in northern India and reflects the company's strategy of aligning its mid-scale and upscale brands with emerging leisure and business destinations. Dehradun has seen rising traction as a mixed-use urban centre, supported by tourism inflows, improving connectivity and its role as a gateway to key hill destinations. IHCL said the new hotel strengthens the Gateway brand's footprint while responding to the city's evolving hospitality demand. The development also underlines the company's broader portfolio expansion across state capitals and high-potential regional markets, as domestic travel, corporate movement and destination-led hospitality continue to gain momentum.Read more

04 Mar 2026

Shares of Clean Max Enviro Energy Solutions made a weak stock market debut, falling 18% below their issue price amid poor retail participation. The company, backed by Brookfield, listed below expectations despite raising around USD 341 million in what was the largest IPO in India this year. Retail subscription stood at just 6%, reflecting cautious investor sentiment. Analysts attributed the soft listing to high valuations and weak secondary market conditions. The broader market was also under pressure, with the Nifty 50 declining as global tensions weighed on risk appetite.Read more

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