21 Apr 2026

The Hosteller, a backpacker hostel chain based in Mumbai, has secured INR 150 crore in a Series B funding round led by PROMAFT Partners and V3 Ventures, with participation from ITI Growth Opportunities Fund, Merisis Wealth Trust and several family offices. The capital infusion is intended to support the company's expansion across key travel destinations in India, alongside investments in operational efficiency and brand development. The company has outlined plans to scale its inventory to 25,000 beds over the next 36 months while advancing its position in the organised budget hospitality segment. It is also preparing to introduce a travel-focused super app integrating accommodation, food and beverage services, mobility, and curated travel experiences into a single digital platform.Read more

21 Apr 2026

Govind Kripa Infratech Private Limited, a subsidiary of Globe International Carriers, has entered the hospitality sector through a memorandum of understanding with OPO Hotels & Resorts to develop and operate an upscale hotel in Mahindra World City SEZ, Jaipur. The proposed property will comprise around 56 rooms and target business and long-stay travellers. Located along the Jaipur Ajmer corridor with proximity to the airport, the hotel is positioned to cater to industrial and corporate demand in the region. The arrangement is structured as a management partnership, with OPO Hotels responsible for operations. The move reflects the company's diversification into hospitality assets amid rising demand for organised accommodation in industrial hubs.Read more

21 Apr 2026

The Gujarat Chambers of Commerce and Industry (GCCI) has commenced its annual trade expo in Gandhinagar, spanning 18,000 sq m and featuring 610 exhibitors across sectors such as automobiles, renewable energy, IT, pharmaceuticals, textiles, and emerging technologies. The three-day event is expected to attract up to 50,000 visitors, with over 30,000 registrations already recorded. The platform is positioned to support MSMEs and startups by enabling industry engagement and market access. Gujarat Chief Minister Bhupendra Patel highlighted the state's economic contribution, including 8.3 per cent of India's GDP and 31 per cent of exports, while underlining the role of policy support and industry collaboration in driving growth.Read more

20 Apr 2026

SAMHI Hotels, through its subsidiary SAMHI Skyline, has entered into an agreement to lease a 162-room hotel within Ingka Centres India's upcoming 2.5 million sq ft mixed-use development in Noida. Structured under a long-term variable lease model, the deal aligns with the company's capital-light expansion strategy while ensuring operational flexibility. The hotel will be operated under an international brand, which is yet to be finalised. The project forms part of Ingka Centres broader mixed-use meeting places concept, integrating retail, hospitality and social infrastructure. Ingka Centres India operates under the Ingka Group, which also runs IKEA Retail and Ingka Investments. The development reflects continued hospitality interest in the National Capital Region amid sustained demand drivers.Read more

20 Apr 2026

Logistics platform Porter has expanded its intra-city operations to eight new cities across six states, strengthening its presence in regional markets and targeting demand from micro, small and medium enterprises (MSMEs). The rollout includes Mysore, Madurai, Jabalpur, Gwalior, Meerut, Agra, Aurangabad and Thrissur. Operations have commenced with two-wheeler logistics, with plans to introduce larger vehicle categories in subsequent phases. The expansion is aimed at addressing fragmented supply chains, improving last-mile connectivity and enabling cost-efficient goods movement. Porter has onboarded around 4,000 driver-partners across these cities and expects to generate over 64,000 jobs in the first year, reflecting the growing role of tech-enabled logistics in regional economies.Read more

19 Apr 2026

SOTC Travel has collaborated with Tourism Australia to host a corporate-focused MICE engagement in Mumbai, aimed at promoting Australia as a preferred destination for business travel and incentive programmes. The event brought together CXOs and senior executives from multiple sectors, alongside global travel partners, to showcase Australia's infrastructure, accessibility, and curated corporate experiences. The initiative reflects growing outbound demand from Indian corporates for long-haul MICE destinations offering integrated travel, hospitality, and experiential infrastructure.Read more

19 Apr 2026

Air India has reported an annual loss of over INR 220 billion (USD 2.4 billion), higher than expected, driven by operational disruptions, higher costs and external challenges. The airline has approached its shareholders, the Tata Group and Singapore Airlines, for fresh capital support, with discussions ongoing. The funding size is yet to be finalised and may not fully meet requirements. The development comes as the airline continues its turnaround plan, while dealing with leadership transition, safety scrutiny and rising cost pressures impacting its financial performance.Read more

18 Apr 2026

Trehan IRIS's upcoming retail-led mixed-use project, IRIS Broadway GrenoWest, has been awarded Most Promising Upcoming Shopping Centre of the Year 2026-27 at the MAPIC India Shopping Centre Awards held earlier this month. Located in Greater Noida West, the project spans around 1 million sq ft and is designed as a fully air-conditioned retail and entertainment destination. Conceptualised by UK-based Benoy, the development features a large central atrium and integrated leisure offerings. The recognition highlights the project's positioning within India's evolving retail real estate landscape, where developers are focusing on experiential formats, mixed-use planning, and consumer-centric design to drive footfall and long-term asset value.Read more

17 Apr 2026

EaseMyTrip has entered into multiple strategic agreements with corporate and institutional partners in Brazil to expand its footprint in the Latin American travel market. The company has signed MoUs with organisations including AGK Corretora de Cmbio, Neo Sector, AMVALE, DATAGRO, X3 Brazil, and Lummio Technologia. The partnerships are aimed at strengthening its presence in Brazil's corporate travel segment, supported by growing digital adoption and structured travel procurement systems. The move aligns with EaseMyTrip's international expansion strategy, focusing on tapping business travel demand and building local engagement through technology-led solutions in one of the region's largest travel economies.Read more

16 Apr 2026

Listed hotel operators in India are expected to add over 70,000 rooms by 2030, driven by sustained domestic travel demand and improving sector fundamentals, according to a report by CBRE South Asia. The expansion reflects a transition from post-pandemic recovery to a more stable growth phase, supported by rising occupancies and increased investor interest. The report indicates that hotel companies are adopting calibrated expansion strategies amid favourable demand conditions. The development also signals growing institutional participation in the hospitality sector, positioning it as an increasingly significant asset class within India's real estate investment landscape. The outlook highlights continued capacity addition across segments to meet long-term travel and business demand.Read more