Hosur to Get New International Airport: A Boon for Tamil Nadu's Economic Growth

Hosur to Get New International Airport: A Boon for Tamil Nadu's Economic Growth

By Nithyakala Neelakandan

Published on June 29, 2024

Tamil Nadu’s industrial town of Hosur is set to receive a major infrastructural boost with the announcement of a new international airport. Chief Minister MK Stalin made the announcement in the state assembly, emphasizing the strategic importance of this development in propelling the state’s economy towards a $1 trillion target by 2030.

The proposed airport will cover 2,000 acres and is designed to handle 30 million passengers annually. This move is expected to significantly enhance connectivity and support the burgeoning industrial and economic activities in the region. Hosur has emerged as a hub for electronics, automobile, and more recently, electric vehicle manufacturing.

Chief Minister Stalin highlighted that this project is part of a broader initiative to develop Hosur, Krishnagiri, and Dharmapuri districts into key economic growth centers. The government sees the airport as essential for facilitating business and travel, reducing dependency on Bengaluru’s Kempegowda International Airport, which is 74 km away.

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Industries Minister TRB Rajaa praised the project, noting that it would not only benefit Hosur but also nearby districts such as Dharmapuri and Salem. He added that the new airport would create a twin-city ecosystem with Bengaluru, fostering growth in both Tamil Nadu and Karnataka.

Despite the enthusiasm, the project faces challenges due to current central government policies that restrict new airports within a 150-km radius of existing ones. This policy could pose a hurdle since Hosur is within this range from Bengaluru’s airport. However, Tamil Nadu’s government is determined to push forward, citing the airport's critical role in the state’s economic strategy.

Hosur’s existing industrial base, which includes major companies like Ashok Leyland, Titan, TVS Motors, and newer entrants like Ola’s e-vehicle factory, stands to benefit greatly from improved air connectivity. The airport is expected to streamline logistics and travel, thereby attracting more investments.

The new airport will complement Tamil Nadu’s existing international airports in Chennai, Coimbatore, Trichy, and Madurai, and domestic airports in Salem and Tuticorin. This development aligns with the state’s broader infrastructural and economic goals, reinforcing its position as a leading industrial and export hub in India.

Overall, the Hosur international airport project is poised to be a game-changer for Tamil Nadu, enhancing regional connectivity, boosting economic growth, and supporting the state’s ambitious vision for the future.


Apeejay Surrendra Park Hotels Reports Rs 13 Crore Net Profit in Q1 FY26

Apeejay Surrendra Park Hotels Reports Rs 13 Crore Net Profit in Q1 FY26

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.


Marriott Announces Dividend and Expands Share Buyback Plan

Marriott Announces Dividend and Expands Share Buyback Plan

By Manu Vardhan Kannan

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.


Chennai Postal Services Still Disrupted: Experts Call for Alternative Systems Amid Software Transition

Chennai Postal Services Still Disrupted: Experts Call for Alternative Systems Amid Software Transition

By Author

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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