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Luxury Hotels

India’s Hotel Industry Set for Sustained Growth as Demand Outpaces Supply: Report

India’s Hotel Industry Set for Sustained Growth as Demand Outpaces Supply: Report

A recent report by Axis Capital has predicted that India's hotel industry is set for sustained growth, driven by a favourable supply-demand dynamic and structural growth drivers. The report forecasts a 12% compound annual growth rate (CAGR) in demand for FY24-27E, outpacing a more restrained 9% CAGR in supply. The...

Scammer Lives in Luxury Hotels Since 1996, Finally Arrested in Tamil Nadu

Scammer Lives in Luxury Hotels Since 1996, Finally Arrested in Tamil Nadu

Bimsent John, a notorious scamster who had duped luxury hotels across India, was arrested in Tamil Nadu on December 7. He had checked into a private hotel in Thoothukudi, claiming he was attending a meeting. John assured the manager he would pay the advance by 9th December and stay up...

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