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By Hariharan U
Published on January 30, 2026
As the Union Budget 2026 approaches, India’s travel and hospitality sector is looking to policy support to consolidate the strong demand witnessed across domestic and international travel segments. While occupancies and travel intent remain healthy, industry leaders believe structural reforms are essential to ensure long-term, quality-led growth and global competitiveness.
The hospitality sector continues to benefit from experiential travel, destination weddings and wellness-led stays. However, industry stakeholders point out that high capital costs and limited access to long-term financing continue to put pressure on returns. Granting infrastructure status, offering tax incentives on capital expenditure and improving access to institutional credit are widely seen as critical steps to enable sustainable expansion across destinations.
Digital travel platforms and alternative accommodation providers are also playing an increasingly important role in shaping India’s tourism ecosystem. With demand rising for hotels, homestays and BnBs across Tier-II and Tier-III cities, the industry has reiterated the need for GST rationalisation, especially in the mid-scale segment, to keep travel affordable and ensure price consistency. Support for integrated digital booking platforms and skill development across tourism services is expected to improve transparency and enhance the overall traveller experience.
Outbound travel remains a key focus area ahead of the Budget, particularly as luxury and experiential travel from India gains momentum. Louis D’Souza, Managing Partner, Tamarind Global, says, “As luxury and experiential travel from India continues to gain momentum, the Union Budget can play a pivotal role in shaping both outbound and inbound travel sentiment. On the outbound side, high-spending Indian travellers are increasingly investing in curated, design-led experiences, but policies around TCS and forex costs continue to influence booking timelines and destination choices. Easing these financial frictions would boost travel confidence and encourage travellers to upgrade experiences rather than compromise on quality.”
He further adds, “Equally important is the opportunity to strengthen India's inbound tourism narrative. With global travellers seeking authentic, immersive journeys, India's rich cultural heritage, wellness offerings, luxury hospitality, and emerging experiential circuits are uniquely positioned to attract high-value inbound travellers. Strategic budgetary support for destination marketing, infrastructure upgrades, simplified visa processes, and enhanced connectivity can significantly elevate India's appeal as a premium travel destination.”
Long-haul leisure and island destinations are particularly sensitive to outbound travel costs. Leena Jhugroo, Managing Director, Travel Lounge Leisure & Tours Ltd., notes, “As India's outbound travel market matures, the Union Budget presents an opportunity to unlock sustained long-haul leisure growth. A key expectation from the industry is rationalisation of TCS on overseas tour packages and forex spends, which continues to impact travel affordability and decision-making for Indian consumers.”
She adds, “For island destinations like Mauritius, which are positioned around romance, luxury, wellness, and MICE, easing outbound travel costs would significantly boost bookings. Improved forex policies and incentives for international travel-linked services would further encourage longer stays and higher spends.”
Neighbouring destinations are also closely watching India’s policy direction. Highlighting Sri Lanka’s strong reliance on Indian travellers, Charith DeAlwis, CEO, Unique Lanka Travels, says, “India continues to be one of the most important and consistent source markets for Sri Lanka, driven by strong cultural ties, short travel time, and a growing appetite for nearby international destinations.”
He further states, “As the travel ecosystem evolves, policies that enhance ease of travel, cost transparency, and regional connectivity can play a meaningful role in encouraging more frequent visits and longer stays.”
Within the premium segment, luxury travel operators stress the importance of addressing cost inefficiencies to sustain aspirational demand. Mir Musa Baghirzade, Sales Director, Turalux, says, “The Union Budget is closely watched by the luxury travel sector, as policy decisions directly influence discretionary spending and travel intent. Indian travellers today are aspirational, well-informed, and willing to invest in unique global experiences, but cost inefficiencies, such as high TCS on outbound travel can act as friction points.”
He adds, “Additionally, continued emphasis on digital payments, ease of global banking, and improved forex accessibility would enhance the overall booking experience. Luxury travel is no longer limited to leisure alone; it now extends to wellness retreats, destination celebrations, and immersive experiential escapes.”
Across segments, industry leaders have also called for stronger focus on manpower development, improved aviation connectivity and expansion of air networks to unlock new travel corridors. As the sector enters 2026 with cautious optimism, stakeholders agree that a forward-looking Budget balancing domestic, outbound and inbound tourism priorities could play a defining role in shaping India’s travel growth story
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Published on October 27, 2026
Ramee Group of Hotels has announced a new 70-key resort in Dapoli, Maharashtra, expanding its leisure portfolio with a coastal property featuring sea-view accommodation, wellness amenities, dining facilities and dedicated spaces for destination weddings and corporate gatherings.
The upcoming property will comprise premium rooms and serviced apartments, with every guestroom offering panoramic views of the Arabian Sea. Located in the Konkan coastal town of Dapoli, the resort is positioned to attract leisure travellers from Mumbai, Pune, Nashik and surrounding urban centres seeking weekend escapes.
Commenting on the announcement, Saurabh Gahoi, Senior Vice President – India, Ramee Group of Hotels, said the group's expansion strategy focuses on delivering immersive hospitality experiences rooted in local character.
“Dapoli is rapidly emerging as India's next prominent weekend getaway, strategically serving major urban clusters including Mumbai, Pune, Nashik, and surrounding regions. The addition of the Dapoli property marks an exciting milestone in our resort portfolio. By offering sprawling sea views from every room and comfortable, thoughtfully designed stays, we are creating a unique sanctuary for guests,” he said.
The project is being developed in partnership with Agatsya Hospitality, a subsidiary of Phatak Developers. The collaboration aims to strengthen the region's hospitality offering while supporting the development of Dapoli as a coastal leisure destination.
Akshay Phatak, Owner of Agatsya Hospitality, said, “We are delighted to partner with Ramee Group of Hotels, one of the most respected hospitality brands in the lifestyle & leisure space. Phatak Developers is committed to elevating Konkan's tourism, and this collaboration marks an exciting step toward bringing world-class hospitality to Dapoli. We have complete trust in Ramee Group's operational expertise and we look forward to setting a new benchmark for coastal hospitality together.”
The resort's culinary offering will centre on a flagship all-day dining restaurant serving a combination of international favourites and regional coastal cuisine, bringing local flavours into the guest experience.
Facilities will include a fully equipped gymnasium, spa, swimming pool and dedicated indoor and outdoor children's play areas. These amenities are intended to cater to families and leisure travellers seeking a combination of relaxation and recreation.
A key feature will be the property's indoor and outdoor banqueting spaces, designed to accommodate corporate retreats, social gatherings and large-scale celebrations. The facilities are expected to support demand for destination weddings and event-led travel in the Konkan region.
With its combination of sea-view accommodation, wellness facilities and event spaces, the Dapoli resort will add to Ramee Group's leisure portfolio while contributing to the region's evolving hospitality landscape.
Founded in 1985 by Raj Shetty, Ramee Group of Hotels, Resorts & Apartments is an international hospitality group with a presence across India and the Middle East. Its portfolio caters to corporate and leisure travellers through accommodation, dining concepts and lifestyle-oriented hospitality offerings.
IHG Hotels & Resorts has signed a management agreement with Entry Point Hotels & Resorts Private Limited to develop Holiday Inn Raipur in Naya Raipur, strengthening its presence in Chhattisgarh's growing administrative and commercial market. The hotel is scheduled to open in the first quarter of 2031.
The signing reflects IHG's strategy of expanding its portfolio across India's emerging business and travel destinations, where growing commercial activity, infrastructure development and institutional demand are creating opportunities for branded hospitality.
Naya Raipur, also known as Nava Raipur Atal Nagar, is Chhattisgarh's planned capital and an emerging administrative and commercial centre. The city's development is supported by government institutions, public sector organisations, educational establishments and expanding commercial infrastructure.
Holiday Inn Raipur will be located in Sector 24, Naya Raipur, with access to key government complexes, including Mantralaya and Vidhan Sabha. Its proximity to Swami Vivekananda Airport is expected to support travel by government delegations, corporate guests and other visitors.
The wider Raipur market is also evolving beyond its traditional industrial base, with activity across education, information technology, infrastructure and lifestyle developments contributing to its growth as a commercial destination. These developments are expected to support demand for quality accommodation across business, government, events and leisure segments.
Holiday Inn Raipur will feature 156 rooms and suites, including 16 suites, alongside three dining venues. The planned food and beverage facilities comprise a 117-seat all-day dining restaurant, a 40-seat bar and a 40-seat lobby lounge.
The hotel will also offer approximately 942 square metres of meeting and event space across four venues. The facilities will include a divisible ballroom spanning 715 square metres, positioning the property to accommodate conferences, corporate meetings, social gatherings and other events.
Additional amenities are planned to include a swimming pool, fitness centre and parking. IHG noted that the proposed facilities remain indicative and will be subject to design development and brand standards.
Commenting on the signing, Sudeep Jain, Managing Director, South West Asia, IHG Hotels & Resorts, said, “We are delighted to partner with Entry Point Hotels & Resorts Private Limited to bring Holiday Inn to Naya Raipur. As the city continues to develop as a key administrative and commercial centre, the signing presents an opportunity to introduce one of our most recognised brands to a market with diverse travel needs. Holiday Inn Raipur adds to our growing presence across India and reflects our focus on taking our brands to destinations where we see long-term potential.”
Arun Kumar Goyal of Entry Point Hotels & Resorts Private Limited said the partnership combines Holiday Inn's global brand recognition with IHG's hospitality expertise. He added that the project aims to introduce an international hospitality experience while responding to the needs of Naya Raipur's expanding visitor base.
The hotel will incorporate Holiday Inn's Open Lobby concept, providing spaces where guests can work, meet and relax alongside the property's dining, meeting and leisure facilities.
As part of IHG Hotels & Resorts, the property is also expected to benefit from the group's global distribution network, digital platforms and IHG One Rewards loyalty programme, connecting it with a wider international customer base.
The signing adds to IHG's expansion across India, where the company continues to pursue opportunities in destinations with long-term potential for corporate travel, government activity, events and leisure demand.
With its planned 2031 opening, Holiday Inn Raipur is set to add internationally branded accommodation and meeting infrastructure to Naya Raipur's developing hospitality landscape.
Published on October 26, 2026
Black Rock Hotels & Resorts has announced an expansion pipeline of approximately 900 rooms, marking its entry into hotel ownership with a 241-key property in Udaipur and extending its development footprint into Uttarakhand and Uttar Pradesh.
The Rajasthan-based hospitality group currently operates seven hotels with approximately 950 rooms and is targeting six additional hotel openings through 2027. The proposed additions are expected to take its total inventory close to 2,000 rooms, subject to development progress and opening schedules.
The centrepiece of the expansion is Kingsbury, a 241-room hotel under development in Udaipur. The project will mark Black Rock's transition from third-party hotel management into hotel ownership, introducing an asset-led growth model alongside its existing management partnerships.
Located alongside a lake and surrounded by hills, Kingsbury is scheduled to begin operations in March 2027, initially with approximately 160 rooms. The property is being developed with substantial infrastructure for destination weddings, conferences and large social gatherings.
Planned facilities include two ballrooms measuring approximately 4,000 sq. ft. and 14,000 sq. ft., an 11,000 sq. ft. courtyard, a 6,000 sq. ft. pool deck and a 10,000 sq. ft. rooftop event space. Three lakeside venues and five garden spaces ranging from approximately 10,000 to 50,000 sq. ft. will further expand its event-hosting capabilities.
Beyond Rajasthan, Black Rock has signed two hotel projects in Jim Corbett, Uttarakhand, comprising 115 and 135 rooms, respectively. Both properties have indicated opening timelines of October 2027. The company has also signed a hotel project in Vrindavan, Uttar Pradesh, extending its presence into another leisure and pilgrimage destination.
Commenting on the expansion, Anshul Bhargava, Founder and Chairman, Black Rock Hotels & Resorts, said, “We have built our business around operating hotels where weddings, conferences and leisure contribute substantially to revenue. Our next phase is about taking that experience into new markets while also developing assets of our own. Udaipur will be an important milestone because we have been able to plan the property around the operational requirements of these segments. With a sizeable pipeline ahead, we are moving towards a larger, geographically diversified portfolio while remaining focused on commercial viability and operating performance.”
Black Rock's existing business model is based on revenue-sharing arrangements with property owners. Under this approach, the company manages staffing, operating expenditure and day-to-day hotel operations, while property owners receive an agreed share of revenue.
The addition of owned assets introduces a second growth model, enabling the group to participate directly in hotel development while continuing to expand through partnerships with independent property owners.
With its upcoming projects spanning Udaipur, Jim Corbett and Vrindavan, Black Rock is positioning itself for a broader role as a hospitality owner-operator, with a focus on destination resorts, weddings, meetings and conferences, and leisure-led markets.
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