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By Author
Published on February 12, 2024
EaseMyTrip, a front-runner in India's online travel scene, has recently shared some impressive numbers, showing a significant uptick in its financial health and operational achievements. For the third quarter of the financial year 2024 (Q3FY24), the company reported a revenue of INR 1,607.9 million, marking a robust 18.1% increase from the previous year. Not just stopping there, its EBITDA climbed by 10.9% to reach INR 653.7 million, with the Profit After Tax (PAT) also seeing a healthy growth of 9.5%, amounting to INR 456.6 million.
The company didn't just enjoy a fruitful quarter; its nine-month performance metrics are equally impressive, with a Gross Booking Revenue (GBR) hitting INR 64,226.0 million. Air ticket bookings alone soared to 83.7 lacs, with hotel night bookings and other services also seeing significant uptake. This performance cements EaseMyTrip's status not only as a profitable entity in the tech-forward industry but also as a company with a continuously expanding market presence.
In a strategic expansion beyond its core online travel services, EaseMyTrip has acquired a 13% stake in ECO Hotels and Resorts, tapping into the growing demand for sustainable travel options. Additionally, a landmark Memorandum of Understanding (MOU) with the Government of Uttarakhand was signed to boost the state's tourism on a global scale. This partnership, aimed at promoting Uttarakhand as a prime tourist destination, leverages EaseMyTrip's vast reach.
The introduction of EasyDarshan, offering curated pilgrimage packages, and "Explore Bharat - Discover the Soul of India," targeting international travelers, are part of EaseMyTrip's efforts to diversify its offerings and enhance customer experience. Moreover, the launch of an exclusive subscription program for High-Net-Worth Individuals (HNI) showcases the company's focus on catering to a wider audience with varied preferences.
EaseMyTrip's involvement as the Principal Sponsors of UP Yoddhas in Kabaddi and its association with the World Tennis League Season 2 highlights its active engagement in broadening its brand visibility through sports. Collaborations with telecom giant Vi for exclusive travel and roaming offers further demonstrate EaseMyTrip's commitment to delivering value-added services to its customers.
The company's strategic sales events - the Winter Carnival Sale, Travel Utsav Sale, and Dussehra Travel Sale - have played a significant role in attracting more customers by offering substantial discounts across a range of services. These sales events are a testament to EaseMyTrip's dedication to providing exceptional value and enhancing the travel booking experience for its users.
EaseMyTrip's latest financial and operational milestones underscore its dynamic growth trajectory and its ability to innovate and adapt in a competitive market. With a focus on sustainable travel, strategic partnerships, and customer-centric services, EaseMyTrip is not just navigating the present with success but is also steering towards a promising future in the travel industry.
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By Manu Vardhan Kannan
Published on August 18, 2025
Apeejay Surrendra Park Hotels Limited (ASPHL) announced its financial results for Q1 FY26, recording a net profit of Rs 13 crore. Revenue from operations stood at Rs 154 crore, a 14% increase year-on-year, while operating EBITDA grew 16% YoY to Rs 45 crore. The company maintained an industry-leading occupancy of 92%, reaffirming its leadership in the hospitality sector.
ASPHL’s growth is fueled by expansion into Tier 2 and Tier 3 markets. The company recently signed an MoU to acquire and manage four leisure properties in Goa, Manali, Shimla, and Dharamshala, adding 138 rooms under its brand. These steps align with ASPHL’s strategy to broaden its presence in high-potential tourism destinations and double its key count to 5,750 over the next five years.
Flurys, ASPHL’s iconic bakery and confectionery brand, now operates 102 outlets nationwide, reflecting the company’s focus on expanding its market presence while integrating modern amenities with rich cultural heritage.
Commenting on the performance, Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels, said,
"We have delivered an extraordinary and best-ever Q1, setting a strong momentum for the year ahead. With topline growth of 14% and EBITDA growth of 16%, we recorded India’s highest occupancy of 92% and maintained leadership in RevPAR in the upper-upscale segment. ARR improved by 13% and RevPAR increased by 12%. With nearly 600 new rooms added, including a 41% rise in our asset-light model, and nationwide Flurys rollout, we are poised to scale faster, enhance margins, and deliver exceptional shareholder value."
ASPHL’s strong performance in Q1 FY26 underscores its strategic focus on market expansion, operational excellence, and premium guest experiences.
Published on August 10, 2025
Marriott International, Inc. has declared a quarterly cash dividend of 67 cents per share on its common stock, reaffirming its commitment to delivering shareholder value. The dividend will be paid on September 30, 2025, to shareholders who are on record as of August 21, 2025.
Alongside the dividend announcement, the hospitality giant also revealed an expansion of its share repurchase program. The board of directors has authorized the repurchase of an additional 25 million shares of its Class A common stock. This comes in addition to the approximately 7.4 million shares that were still available under previous authorizations as of July 30, 2025.
Marriott has already bought back 6.4 million shares this year, amounting to $1.7 billion. These moves reflect the company’s continued confidence in its financial stability and long-term performance, aiming to strengthen shareholder value through strategic capital allocation.
Published on August 4, 2025
In what was intended to be a smooth digital transformation, postal services across the Chennai Circle continue to remain disrupted even days after a scheduled upgrade to India Post's new IT 2.0 system. The software transition—part of a broader effort to modernize the nation’s postal network—was implemented on August 2nd and 4th across Chennai North and South divisions. However, officials have now confirmed that technical issues still persist, leaving customers and businesses grappling with delayed or inaccessible services.
Key services such as Speed Post, registered mail, parcel bookings, and money orders have either been significantly slowed or paused altogether in many branches. Despite expectations that systems would normalize post-upgrade, the rollout of the Advanced Postal Technology (APT) system has proven more complex than anticipated.
“We are still working on stabilizing the system. There have been unforeseen glitches post-upgrade, and our teams are actively resolving them,” said a senior postal official who requested anonymity.
The disruption has raised concerns across industries—including the hospitality sector—where timely document dispatch, license renewals, vendor payments, and customer correspondence are crucial to daily operations.
Experts and industry stakeholders are now calling on India Post to introduce alternative operational strategies or backup mechanisms during such large-scale transitions.
“In a digital age where seamless service is non-negotiable, a complete blackout due to a software update is avoidable. A fallback process, whether manual or cloud-based, should be in place to ensure continuity,” said a Chennai-based hospitality consultant.
The hospitality industry relies heavily on postal services for legal documentation, international communication, and procurement logistics. The ongoing delays have caused bottlenecks not just in operations but also in customer experience delivery.
As authorities continue to work toward a resolution, the broader question remains: Should India’s essential public infrastructure be this vulnerable to a single system upgrade? The answer may lie in future-proofing core services with hybrid digital models that include disaster recovery plans and parallel systems.
Hospitalitynews.in will continue to track updates as the situation evolves.
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