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By Nishang Narayan
Published on February 4, 2025
The food and beverage industry has welcomed the budget’s emphasis on economic expansion, job creation, and infrastructure development. Industry experts believe these measures will drive growth, create opportunities for MSMEs, and foster innovation.
Aayush Madhusudan Agrawal, Founder & MD shared his perspective on how the budget supports the restaurant and hospitality industry.
"The Union Budget 2025-26 lays a strong foundation for transformative growth, particularly for the restaurant and hospitality industry and the real estate sector. The government's focus on increasing disposable income through tax relief and job creation is a significant boost for our sector. We anticipate increased consumer spending, leading to higher foot traffic in restaurants, more frequent dining out, and sustained demand for food delivery services. The budget's emphasis on urban redevelopment, including the ₹1 lakh crore Urban Challenge Fund and enhanced infrastructure spending, creates exciting opportunities for mixed-use developments and real estate projects. Additionally, the allocation of ₹1.5 trillion fiscal support for MSMEs is expected to drive capacity expansion, creating a ripple effect that will further fuel demand for industrial real estate. The support for Tier-2 cities and the focus on urban innovation will not only stimulate real estate growth beyond the metros but also bolster homebuyer confidence and encourage further expansion. From gig worker welfare to the development of smart, sustainable cities, this budget's holistic approach will drive India's next wave of economic progress, creating new avenues for investment, innovation, and growth across our industries."
Teja Chekuri, Founder of Full Stack Ventures, emphasized the impact of agriculture-focused initiatives on the food industry.
"A landmark budget for India’s food future!
The focus on agriculture as the first engine of growth, the Dhan Dhanya Krishi Yojana, and procurement support for pulses signal a bold step toward empowering our farmers and bringing nutrient-rich, traditional grains back to our tables. The creation of Agri districts and the Bihar Makhana Board will help preserve and promote regional food heritage while strengthening rural economies. As consumers demand transparency and healthier choices, this budget sets the stage for a true farm-to-table revolution. The government's commitment to self-sufficiency in pulses and investment in food technology and entrepreneurship will not only nourish our nation but also inspire the next generation to rediscover the grains and recipes of our ancestors."
A win for farmers, a win for food innovation, and a win for India’s health.
Saurabh Wadkar, Founder of Rooted, praised the budget's focus on food security and MSME support while also pointing out areas needing improvement.
" The Union Budget 2025-26 reflects a bold step towards shaping India’s future by strengthening agriculture, MSMEs, and entrepreneurship. The Dhan Dhanya Krishi Yojana and the focus on self-sufficiency in pulses will stabilize supply chains, ensure fair pricing for farmers, and build a more resilient food ecosystem. With consumers becoming more conscious about what they eat, the emphasis on nutrition, value-added agriculture, and food security, signals a forward-thinking approach. Establishing the National Institute of Food Technology is a step in the right direction—it will not only boost food innovation and processing but also cultivate the next generation of entrepreneurs and skilled professionals in this space. The government’s push for expanding credit access—especially for MSMEs, first-time entrepreneurs, and women-led businesses—is commendable. However, access to capital is just one part of the equation. The real impact will be seen in how seamlessly and efficiently these funds reach businesses without bureaucratic roadblocks. The introduction of Bharat Trade Net for trade documentation and financing solutions could be a game-changer if executed well, further simplifying the ease of doing business in India. Beyond policy, this budget acknowledges the evolving aspirations of a modern India. The expansion of UDAN, tourism incentives, and infrastructure investment will unlock new opportunities across hospitality, logistics, and regional trade. This will create a ripple effect on consumption patterns, employment, and GDP growth—a shift that visionary entrepreneurs must prepare for. That said, taxation remains an area that requires urgent reform. High GST rates on processed foods and compliance challenges continue to slow down growth. This budget lays the foundation, but the real test lies in execution. India is on the brink of an entrepreneurial revolution—the right policies, if implemented well, can propel businesses into an era of unprecedented growth."
The Union Budget 2025-26 has set the stage for economic transformation by addressing key challenges and unlocking new growth avenues across industries. While leaders across the travel, hospitality, and food and beverage sectors have welcomed the initiatives, they also emphasize the need for continued reforms and strategic implementation to maximize their impact. With a strong focus on infrastructure, ease of doing business, and sector-specific incentives, this budget lays the foundation for a more dynamic and competitive India.
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Published on March 12, 2025
Wyndham Hotels & Resorts, the world's largest hotel franchising company, has continued its rapid expansion across Europe, the Middle East, Eurasia, and Africa (EMEA) in 2024. With 83 new contracts signed and over 50 hotels opened, the company has added more than 6,400 rooms to its portfolio, strengthening its presence in high-growth markets such as France, India, Spain, Türkiye, and Portugal.
This growth contributed to Wyndham’s 5% year-over-year increase in its global development pipeline, which now stands at a record 252,000 rooms worldwide. The EMEA region alone achieved 10% RevPAR growth, further demonstrating the strength of Wyndham’s brand portfolio and its commitment to supporting hotel owners through its Owner First™ approach to franchising.
"Wyndham's strong momentum in 2024 underscores the strength of our diverse brand portfolio and growing regional demand. We continue to strengthen our presence in key markets across EMEA while expanding into high-growth segments such as extended stay and branded residences. Our expansion in upscale segments, including Dolce by Wyndham in Europe, India, and the UAE, offers exciting opportunities for our business partners. As we grow, our focus remains on delivering long-term value through our Owner First strategies and providing exceptional experiences for travelers."
— Dimitris Manikis, President EMEA, Wyndham Hotels & Resorts
Wyndham remains the largest international hotel company in Türkiye, with 120+ hotels across 40+ cities. Key 2024 openings include:
The Ramada by Wyndham brand continued its strategic expansion with notable 2024 openings, including:
Wyndham expanded its Ramada Encore brand across EMEA to cater to the growing midscale market. New openings in 2024 include:
Dolce by Wyndham, a leader in luxury and MICE (Meetings, Incentives, Conferences, and Exhibitions) hotels, continues to grow with two major openings:
Wyndham is bringing its Microtel by Wyndham brand to India in collaboration with NILE Hospitality. The brand will debut in 2025, with plans to open 40 Microtel hotels across Tier-2, 3, and 4 cities by 2031.
Wyndham is working with The Lakhani Group to launch new hotels, including:
Wyndham is set to launch multiple branded residences, including:
Wyndham’s growth is backed by its $325 million investment in next-gen property management systems and digital innovations. With a global network of 114 million enrolled Wyndham Rewards members, the company continues to drive occupancy and revenue for its franchisees.
As international tourism demand rises in 2025, Wyndham remains focused on strategic expansion, strengthening its presence in key markets, and delivering exceptional guest experiences.
Published on February 16, 2025
The Board of Directors of Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) and Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) took on record the unaudited financial results for the quarter and nine months ended December 31, 2024.
Q3FY25:
9MFY25:
“The sugar season 2024-25 has presented a mixed outlook, with challenges such as lower cane yields and lower recovery in key states like Uttar Pradesh, Maharashtra, and Karnataka affecting production. Despite these setbacks, we remain optimistic about long-term growth. However, rising production costs and stagnant ethanol prices call for timely policy adjustments.
At Avadh, we are focused on sustainable expansion, and with the upcoming completion of our crushing enhancement at the Hargaon unit for the 2025-26 season, we expect further value creation.”
“The industry is facing a decline in production due to lower cane availability and recovery, along with a shift toward ethanol. Despite these challenges, our ability to adapt and invest in expansion positions us well for long-term growth.
At Magadh, we are committed to sustainability and are enhancing our crushing capacity and implementing steam-saving measures at our Narkatiaganj unit, which is now operational for the 2024-25 crushing season. With the right policy support, the sugar industry can continue to play a crucial role in India's economy.”
Published on February 7, 2025
Sterling Holiday Resorts Ltd. has announced its strongest quarter yet in Q3 FY25, marking a milestone in the company’s growth trajectory. With 18 consecutive quarters of profitability, Sterling’s performance in Q3 surpassed even its traditionally dominant Q1, thanks to strategic portfolio expansion that strengthened revenue streams beyond peak seasons.
The company reported a 12% YoY income growth, reaching ₹1,389 Mn. EBITDA increased by 14%, with a solid 38.8% EBITDA margin, while EBIT rose 13% YoY.
Sterling’s portfolio now spans 48 locations with 57 resorts, hotels, and retreats in the upper-mid to upper-upscale segments. Strengthening its footprint, the company added three new resorts in Q3:
Maintaining its rapid growth pace, Sterling has launched one resort per month for the past 18 months, with several more in the pipeline.
"Sterling has witnessed its strongest-ever quarter, a testament to our brand's growing preference among customers. A surge in holiday demand, coupled with our aggressive resort expansion, has fueled this success," said Vikram Lalvani, MD & CEO, Sterling Holiday Resorts.
Sterling’s food and beverage division has been another strong performer, recording a 20% YoY growth. The company attributes this to its enhanced dining experiences and a diverse range of culinary offerings across its properties.
Further strengthening its commitment to sustainability, Sterling has introduced Sterling Sankalp, an ESG initiative aimed at responsible tourism. The company has implemented key measures across several resorts, including:
On a year-to-date (YTD) basis, Sterling has achieved a 14% growth in income (₹3,842 Mn) and a 35% EBITDA margin, showcasing its sustained upward trajectory. With an expanding portfolio, a thriving food and beverage sector, and a strong focus on sustainability, Sterling continues to solidify its leadership in the hospitality industry.
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