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By Nishang Narayan
Published on January 22, 2025
As the Union Budget 2025 draws near, Sarthak Sidana, Director of Underdoggs, India’s premier sports bar and grill chain, shares his perspective on the opportunities and challenges within the F&B industry. His insights shed light on the evolving expectations of today’s consumers and the critical policy changes needed to drive innovation and sustainable growth in the restaurant sector.
Sidana highlights the significance of the F&B sector as a resilient economic contributor and substantial employment generator. However, he emphasizes the need for policy interventions to address ongoing challenges:
"The restaurant industry eagerly awaits the 2025 budget announcement and expects it to address the key challenges, enabling long-term sustainable growth and innovation. The F&B industry has been a resilient economic contributor and a substantial employment generator too. However, issues like complex licensing, high GST, and inability to avail of input tax credits are some of the biggest deterrents to the growth of the industry."
Sidana advocates for reforms that streamline compliance practices and promote sustainability:
"This year, we strongly urge the government to consider streamlining the compliance practices and offer tax rebates to restaurateurs adopting sustainable practices such as the use of green energy and innovative waste management practices. This would not only enhance operational efficiency but also empower the sector to align with the country's sustainability goals."
With India’s F&B landscape evolving, Sidana stresses the importance of dynamic, community-driven venues like Underdoggs in shaping the future of sports entertainment and dining experiences. He believes that supportive government policies will enable restaurants and sports bars to cater to changing consumer preferences while contributing more effectively to economic growth.
"With the required policies in place, we will unlock the sector's full potential and contribute more effectively to India's economic growth," Sidana concludes.
As the industry awaits the Budget 2025 announcement, voices like Sarthak Sidana’s underscore the need for a balanced approach to innovation, sustainability, and compliance. These measures could pave the way for the F&B sector to thrive in a competitive, consumer-driven environment.
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By Manu Vardhan Kannan
Published on September 14, 2025
Royal Caribbean Group (NYSE: RCL) has announced a significant increase in its shareholder returns, declaring a 33% hike in its quarterly dividend. The company’s Board of Directors approved a dividend of $1.00 per common share, payable on October 13, 2025, to shareholders of record at the close of business on September 25, 2025.
Jason Liberty, President and CEO of Royal Caribbean Group, said the move underscores the company’s confidence in its performance and long-term growth strategy. “Today’s dividend increase reflects both the strength of our performance and our commitment to return capital to shareholders. This increase in dividend, along with our ongoing share repurchase program, highlights our balanced approach to capital allocation, returning value to shareholders while funding future growth,” Liberty stated.
Royal Caribbean Group is a global leader in the vacation industry, operating a fleet of 68 ships across five brands that serve millions of guests annually. Its portfolio includes Royal Caribbean International, Celebrity Cruises, and Silversea, as well as land-based experiences such as Perfect Day at CocoCay and the Royal Beach Club collection. The company also holds a 50% joint venture in TUI Cruises, which manages brands like Mein Schiff and Hapag-Lloyd Cruises.
With a reputation for innovation and guest-focused experiences, Royal Caribbean Group continues to expand its global footprint while maintaining its commitment to responsible and sustainable growth.
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.
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.
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