TeamLease Report: Surging Employment in Travel & Hospitality for H2 FY24

TeamLease Report: Surging Employment in Travel & Hospitality for H2 FY24

By Author

Published on December 24, 2023

The travel and hospitality sector in India is poised for a significant leap forward in the second half of fiscal year 2024, according to the latest 'TeamLease Employment Outlook Report'. This period, spanning from October 2023 to March 2024, is expected to witness a robust expansion in employment, with a special focus on strategic hiring trends, especially in the fourth quarter.

TeamLease Services, a leading staffing conglomerate in India, has highlighted the thriving trends within the travel and hospitality sector despite the challenging circumstances faced in H2 FY24. The sector emerges as a beacon of growth, displaying a substantial 68% Incremental Workforce Expansion. This promising trajectory is not just a marker of recovery but also an indicator of the sector's dynamism and resilience.

The analysis of the travel and hospitality industry on a city-wise basis reveals a landscape of growth with a strategic distribution of hiring. Mumbai, a key hub, leads the pack with an impressive 13.3% Incremental Workforce Expansion, underscoring its pivotal role in the industry's growth. Other major cities like Ahmedabad and Chandigarh are not far behind, each contributing significantly with 11.1%, showcasing a well-balanced approach to talent acquisition across the nation.

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In terms of specific roles, the demand in the sector highlights Human Resources (HR) as a leading area. This underlines the importance the industry places on building a competent and efficient workforce. Additionally, roles in IT, Engineering, Office Services, and blue-collar professions also make substantial contributions. This diversity in demand reflects the industry's commitment to fostering a holistic hiring approach while fortifying and streamlining critical operations for long-term success.

Another significant factor contributing to the sector's growth is the ICC Cricket World Cup hosted by India. The Mastercard report reveals the multiplier effect of this global sporting event on India's economy, particularly emphasizing the notable contributions made by the accommodation and food industries. The event drew cricket enthusiasts from around the world, underscoring the broader impact of sporting and cultural events on both national and local economic landscapes.

Balasubramanian A, VP & Business Head of TeamLease Services, commented on the report, stating that the Indian hospitality and tourism industry has witnessed robust growth in 2023 predominantly due to heightened domestic travel. He added that this growth is expected to positively affect not only the hospitality industry but also adjacent sectors such as travel, aviation, ticket purchasing, and travel guides in terms of expanding their workforces. The hosting of the Cricket World Cup this year has been a significant factor in boosting the demand for workers in this segment.

The report underscores that a substantial 68% of employers are interested in incremental workforce expansion, indicating the sector's growth opportunities. Mumbai remains a pivotal city, while other cities like Chandigarh and Delhi consistently commit to talent acquisition. Roles in Human Resources, IT, Engineering, and Office Services are particularly in focus, reflecting a strategic talent acquisition approach aimed at sustaining sectoral success.


Delhi HC Dismisses Zostel Petition, Rules in Favour of OYO

Delhi HC Dismisses Zostel Petition, Rules in Favour of OYO

By Manu Vardhan Kannan

Published on May 15, 2025

OYO, the global travel-tech firm, secured a legal victory as the Delhi High Court ruled in its favour by setting aside the arbitral award related to its long-standing dispute with Zostel Hospitality, the parent company of ZO Rooms. The court also dismissed Zostel’s execution petition, bringing closure to the years-long legal tussle.

The court upheld OYO’s stance that it did not breach any agreement arising from the acquisition discussions held with Zostel in 2015. The judgment emphasised that no part of Zostel’s business was ever transferred to OYO and reinforced the legal principle that a determinable contract cannot be specifically enforced, aligning with precedents from the Supreme Court of India.

The dispute dates back to November 2015, when OYO and Zostel signed a non-binding term sheet to explore a possible acquisition. However, the transaction fell through due to failed due diligence and lack of mutual agreement on key commercial terms.

Zostel had initiated arbitration in September 2018, which resulted in a March 2021 arbitral award, a decision OYO promptly challenged. The legal battle continued with OYO securing an earlier win when the court dismissed Zostel’s injunction application in February 2022.

The Delhi HC's latest ruling affirms that no definitive agreement was ever finalised and that essential terms remained unsettled.

OYO, responding to the outcome, reiterated its commitment to technological innovation and operational excellence, continuing its mission to deliver quality accommodation experiences for customers worldwide.


Ayushakti Expands Footprint with New Franchise in Punawale

Ayushakti Expands Footprint with New Franchise in Punawale

By Nishang Narayan

Published on May 15, 2025

Ayushakti, a global leader in Ayurvedic healthcare, has launched its latest franchise outlet in Punawale, a growing suburb of Pimpri-Chinchwad. This marks Ayushakti’s 7th franchise in Maharashtra and the 29th outlet overall, reinforcing its mission to make ancient healing accessible across the region.

The new centre, located at Longitude Building, Gaikwad Nagar, Koyate Vasti Road, is equipped with two therapy rooms, two consultation areas, and a trained team of Ayurvedic experts. All practitioners have been trained under the guidance of Co-founder Dr. Smita Pankaj Naram and CEO Dr. Krushna Pankaj Naram, ensuring consistency in the quality and authenticity of treatments.

Patients visiting the Punawale franchise will benefit from a variety of Ayurvedic services, including deep pulse reading (Nadi Pariksha), Panchkarma detox therapies, massages, steam treatments, herbal remedies, marma techniques, and customised diet plans.

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Dr. Smita Naram, Co-Founder of Ayushakti, shared her enthusiasm during the launch event, saying, “I am very glad to launch yet another outlet in a short span, in Maharashtra. We wholeheartedly look forward to serve our customers here and help them heal. Our expansion comes with the thought of touching as many individuals on planet Earth and helping them live a healthy life.”

She further added, “The response we have received over the past year has been phenomenal, which makes us excited about adding new outlets across India.”

Founded in 1987 by Master healer Late Dr. Pankaj Naram and Dr. Smita Naram, Ayushakti has been on a mission to transform community health through the power of ancient Ayurvedic practices. The company currently operates in nine countries and has helped over a million people worldwide.


Wyndham and Le Park Concord Set to Open 100 Super 8 Hotels Across Saudi Arabia

Wyndham and Le Park Concord Set to Open 100 Super 8 Hotels Across Saudi Arabia

By Nishang Narayan

Published on May 15, 2025

In a landmark move aligned with Saudi Arabia’s Vision 2030, Wyndham Hotels & Resorts has partnered with Le Park Concord Company to roll out 100 Super 8® by Wyndham hotels across the Kingdom over the next decade. This exclusive development agreement marks a significant milestone for both brands and aims to make quality and affordable lodging more accessible in the rapidly growing tourism market.

Supported by the Ministry of Tourism of Saudi Arabia, the deal underscores the country’s commitment to welcoming a broader range of travelers—from business guests to religious and leisure visitors. The first property under this agreement is slated to open in 2026, with future Super 8 locations planned across key cities such as Riyadh, Jeddah, Makkah, Madinah, Al Khobar/Dammam, and major transit corridors.

Dimitris Manikis, President EMEA, Wyndham Hotels & Resorts, shared,
"Bringing Super 8 to Saudi Arabia is a strategic move to make quality, affordable travel more accessible. We're excited to introduce a brand that blends stylish comfort with sustainability to one of the region's most dynamic markets."

Le Park Concord, a leading local operator currently managing 13 hotels with over 900 rooms and 13 more in the pipeline, will play a key role in developing these properties. The collaboration focuses on leveraging modular construction and eco-conscious designs to ensure guest comfort while supporting sustainable growth.

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Mr. Fiaz Talal Alenezi, CEO of Le Park Concord, emphasized,
"Our partnership with Wyndham helps bridge the gap in branded economy accommodations, bringing international standards and trusted loyalty benefits to Saudi Arabia’s expanding visitor base."

Tourism in the Kingdom is booming, with 30 million international arrivals in 2024 alone—a 9.5% increase from the previous year. The country aims to attract 150 million visitors annually by 2030. Despite the growth, branded budget hotels remain scarce, comprising just 6% of the national hotel pipeline, as per Knight Frank.

Super 8, a globally recognized economy hotel brand, is already on a global expansion spree, with 40 hotels planned across Spain and Portugal. With this Saudi partnership, Wyndham solidifies its presence in the Middle East while continuing to offer dependable, affordable, and design-forward lodging experiences for modern travelers.

For more on Wyndham’s development plans and opportunities, visit whrdevelopmentemea.com.

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