Hospitality Sector
Latest news, explainers and analysis on Hospitality Sector. Tracking 5 stories on Arth Vani.
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Latest on Hospitality Sector
IPOBreakingOYO Parent Oravel Stays to Slash IPO Fresh Issue Size by Half to ₹3,350 Crore
Oravel Stays, the parent company of OYO, is reportedly planning to reduce its IPO fresh issue size to approximately ₹3,350 crore. The decision to cut the fundraise target stems from the company's improved cash flow and a stronger balance sheet.
IPOBreakingBurma Burma Parent Hunger Pangs Files for ₹150 Crore IPO; Plans 12 New Outlets
Hunger Pangs Pvt Ltd, the operator of the popular restaurant chain Burma Burma, has filed its Draft Red Herring Prospectus (DRHP) for an Initial Public Offering. The issue consists of a fresh equity raise of ₹150 crore alongside an Offer for Sale (OFS) by existing shareholders.
IPOBreakingPride Hotels Plans ₹1,000 Crore IPO by December to Fuel Massive Expansion
Pride Hotels is preparing to launch a ₹1,000 crore Initial Public Offering (IPO) by December 2024 to fund its aggressive growth strategy. The hospitality chain aims to nearly double its portfolio from 40 to 72 properties within the next two years.
IPOBreakingPRISM Shifts Focus to Premium Hotels Ahead of India IPO
PRISM is increasingly concentrating on company-serviced and premium hospitality in India, a strategic move that has significantly boosted its Gross Booking Value. This shift towards quality over mere network expansion is expected to be a key driver for its upcoming Initial Public Offering.
Taj Parent IHCL Eyes 14% Growth as Strong Local Demand Offsets Dubai Slowdown
Indian Hotels Company Limited (IHCL) remains confident in its double-digit growth trajectory despite geopolitical tensions affecting its Dubai operations. The hospitality giant is leaning on robust domestic travel and a low-cost expansion model to maintain momentum.
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