Loading...
You have Successfully logged In !
Already have an account? Login
By clicking Register you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Don't have an account?Register
Enter your E-mail address below, We will send the verification code
Please enter the code send to
Didn't receive the email?Click to resend
Your password has been successfully reset!.
Please login again to access your account.
An OTP has been sent to
Enter the 4-digit code
By Author
Published on November 7, 2023
Goa’s scenic vistas and vibrant culture have always been a magnet for travelers from around the world. However, it’s the recent introduction of bed and breakfast (B&B), caravan, and homestay accommodations policies that are set to reinvigorate the region’s tourism, especially benefitting the Micro, Small, and Medium Enterprises (MSMEs) at the heart of Goa’s hospitality.
Gautam Mehra, founder & director of myATITHI.global, hailed these policies as more than just regulatory changes. "They're an invitation to dream bigger and a commitment to support from the Goa Government," he expressed, emphasizing the promise of prosperity for the grassroots enterprises that give Goa its unique charm.
Empowering Local Enterprises
These policies aim to slash through red tape and financial hindrances that often stifle small businesses. By simplifying regulatory processes and providing financial incentives and training programs, the state is nurturing a fertile ground for MSMEs to bloom. This means that local B&Bs, caravan operators, and homestay hosts are now better equipped to enhance their offerings and compete on a larger stage.
Affordable Accommodations for Travelers
In an attempt to make travel more accessible, the policies incentivize affordable lodgings. Tax breaks and subsidies for these businesses are expected to make Goa an even more attractive destination for budget-conscious travelers, thereby helping MSMEs to flourish.
Investing in Local Talent and Youth
The government's introduction of skill development initiatives ensures that the quality of hospitality services will continue to rise. This, paired with youth engagement programs, aspires not only to elevate service standards but also to imbue the young population with a vested interest in the state’s tourism sector.
A New Chapter in Goa’s Tourism Story
By focusing on small business empowerment, Goa is poised to redefine its tourism landscape. The infrastructural upgrades, skill enhancement programs, and a welcoming ambiance are all designed to captivate more international and domestic tourists, setting a precedent for sustainable and inclusive growth in the region.
Looking to the Future
While the policies have been met with optimism, experts believe that there's room for improvement. Incorporating advanced digital marketing strategies could extend Goa's charm to a global audience. Sustainable infrastructure development, improving transportation networks, and diversifying tourism experiences are other areas where strategic enhancements could amplify the policies’ impact.
As Goa looks forward, the path is clear. The state aims to not only enhance its standing as a premier tourist destination but to do so by fostering a thriving, sustainable environment for its local businesses and communities.
Chinese Wok Partners with Amazon MX Player’s ‘I-POPSTAR’ as ...
Chinese Wok, India’s leading homegrown Desi Chinese quick-se...
“Moth to Flame” — A Hotelier’s Journey That Lights Up the Sp...
There are stories that entertain, stories that teach, and th...
Crowne Plaza Greater Noida Kicks Off the Festive Season with...
Crowne Plaza Greater Noida welcomed the festive spirit with ...
InnKey Unveils New Brand Identity to Redefine the Future of ...
Built in India, Designed for the World - InnKey evolves from...
By Manu Vardhan Kannan
Published on November 9, 2025
Wonderla Holidays Ltd. has announced its financial results for the second quarter and half year ended September 30, 2025, marking its best-ever Q2 performance in company history. The remarkable results highlight record revenues, strong footfall growth, and a sharp increase in profitability.
The company reported a 12% year-on-year rise in footfalls to 5.05 lakh visitors, with total income up 24% YoY at ₹88.52 crore and EBITDA soaring eightfold to ₹7.48 crore.
Parkwise, the company registered footfalls of 1.96 lakh in Bengaluru, 1.92 lakh in Kochi, 0.93 lakh in Hyderabad, and 0.24 lakh in Bhubaneswar, reflecting consistent performance across locations.
Commenting on the results, Arun Chittilappilly, Executive Chairman and Managing Director of Wonderla Holidays Ltd., said,
“This quarter marks a defining moment in Wonderla’s journey, as we achieved our best-ever Q2 performance with record revenues, footfalls, and a sharp improvement in profitability. A 24 percent year-on-year growth in total income and an 8X jump in EBITDA highlight the resilience of our business model and the power of the Wonderla brand.”
He added that the strong results were driven by effective branding and footfall-driving campaigns, alongside enhanced digital sales strategies, which now contribute to half of total bookings. The company’s investments in technology, operational efficiency, and customer convenience have played a vital role in driving this growth.
Chittilappilly also noted that new offerings like “Isle by Wonderla” continue to strengthen guest engagement and diversify the company’s revenue base.
“Looking ahead, we remain excited about the next phase of expansion. Work on our Chennai Park is progressing rapidly, and we’re on track to announce the launch by December 2025. With strong fundamentals, expanding capacity, and a trusted brand, we’re confident of sustaining our momentum and delivering long-term value to both our guests and shareholders,” he said.
With this milestone quarter, Wonderla Holidays continues to reinforce its leadership in India’s amusement park sector through innovation, guest experience, and strategic expansion.
By Hariharan U
Published on October 27, 2025
Wyndham Hotels & Resorts reported its Q3 2025 financial results, showing steady growth across operations and financial metrics. Global system-wide rooms increased 4% year-on-year to 855,400, including 503,400 in the U.S. and 352,000 internationally, while the company awarded 204 new development contracts, up 24% from Q3 2024. The global development pipeline grew 4% to 257,000 rooms, with roughly 70% in midscale and above segments and 58% internationally.
Ancillary revenues rose 18% compared to the same period last year. Net income climbed 3% to $105 million, and adjusted net income reached $112 million, with diluted EPS increasing 5% to $1.36 and adjusted diluted EPS up 5% to $1.46. Adjusted EBITDA grew 2% to $213 million, while global RevPAR declined 5% in constant currency, mainly due to softer results in Asia Pacific and Latin America, partially offset by gains in EMEA and Canada.
Wyndham generated $86 million in net cash from operating activities and $97 million in free cash flow, ending the quarter with $70 million in cash and total liquidity of about $540 million, maintaining a net debt leverage ratio of 3.5x. In October 2025, the company refinanced its $750 million revolving credit facility, extending maturity to 2030, increasing capacity to $1 billion, and reducing borrowing costs by 35 basis points. Shareholder returns included the repurchase of 830,000 shares for $70 million in Q3 and year-to-date buybacks of 2.5 million shares for $223 million, alongside $31 million in dividends.
Looking ahead, Wyndham expects full-year global room growth of 4–4.6%, global RevPAR change of -3% to -2%, fee-related revenues of $1.43–$1.45 billion, adjusted EBITDA of $715–$725 million, adjusted net income of $347–$358 million, and adjusted diluted EPS of $4.48–$4.62, while maintaining a focus on portfolio expansion, strengthening its development pipeline, and delivering consistent shareholder value amid evolving industry conditions.
Published on October 26, 2025
Alaska Air Group reported strong financial results for the third quarter of 2025, posting a GAAP net income of $73 million and adjusted earnings per share of $1.05. The airline’s growth is being fueled by new nonstop routes from Seattle to London and Reykjavik, set to launch in May 2026, and the introduction of the Atmos Rewards loyalty program, which exceeded premium credit card sign-up expectations.
In a major technological upgrade, Alaska Air is installing Starlink high-speed Wi-Fi across its fleet, offering complimentary access to Atmos Rewards members. The company is also progressing with the integration of Hawaiian Airlines and advancing its Alaska Accelerate strategy, aiming for significant growth and profitability by 2027.
Analysts have assigned a Hold rating on ALK stock with a $49.00 price target, citing strong financial recovery but noting bearish technical indicators and increased leverage as potential risks. The airline continues to focus on expanding its global reach and enhancing customer loyalty through strategic partnerships and its Atmos Rewards program.
Stay up-to-date with the latest Hospitality news and trends in the Hospitality industry!
Subscribe to Hospitality news e-magazine for free and never miss an issue.
By clicking subscribe for free you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Advertise With Us
We have various options to advertise with us including Events, Advertorials, Banners, Mailers, etc.
A platform dedicated to showcase the skills and creativity of hospitality professionals. Share your articles, videos and other content related to the industry and get recognized for your unique perspective and expertise. By posting your content and gaining likes from your own community, we'll categorize your talents and expose them to the hospitality world. Join our community of passionate hospitality professionals and let your talent shine!.
Already have an account?Login
By clicking you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Subscribe for ₹2,000 and receive our monthly magazine for one year (12 months) from the coming month and save 2 months cost.