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 5, 2023
In a remarkable display of its growing global appeal, Vietnam has welcomed 8.9 million international visitors in the first nine months of 2023, shattering its yearly target of 8 million. This achievement marks a 4.7-fold increase from the previous year, highlighting the country’s surging popularity as a prime tourist destination.
The majority of these tourists, totaling 6.85 million, hailed from Asia, with significant numbers from Europe (1.015 million), the Americas (682,800), Oceania (311,100), and Africa (20,400). The influx of visitors was predominantly by air (87.5%), showcasing Vietnam's improved air connectivity. Road arrivals followed at 11.8%, with a minor percentage arriving by sea.
This surge in tourism has been attributed to Vietnam’s new e-visa policy, which now allows a 90-day stay as opposed to the previous 30-day limit. This policy, along with affordable holiday packages and the ease of obtaining visas through online platforms like Akbar Travels, has played a crucial role in attracting international visitors, particularly from India.
Vietnam’s tourism sector has experienced a boost in revenue, with accommodation and catering services witnessing a 16% increase, while travel and tourism services soared by 47.7%. The country’s reputation as a budget-friendly and safe destination has particularly resonated with solo travellers, adding to its appeal.
Despite a month-on-month dip in September, the overall numbers paint a bright picture. Vu The Binh, chairman of the Vietnam Tourism Association, now projects a more ambitious target of 10-12 million tourists for the year.
The central region of Vietnam, specifically Đà Nẵng, has emerged as a 'hot spot' for MICE tourism. Its strategic location between two UNESCO world heritage sites, Hội An and Huế, and the proliferation of luxury accommodations along its beaches, have been highlighted by Australia’s Micenet Magazine.
Vietnam's success in surpassing its tourism targets well before year-end underscores its allure as a top-tier destination. The country's blend of cultural richness, scenic beauty, and tourist-friendly policies continue to draw visitors from across the globe, marking a significant rebound and growth in its tourism sector.
The Design Company: Where Luxury Meets Living
The Design Company is a premier design studio redefining the...
HOCCO Brings Modak-Shaped Ice Cream for Ganesh Chaturthi
Mumbai is welcoming Ganesh Chaturthi 2025 with a sweet twist...
Visiting Mumbai for Ganesh Chaturthi? Stay at Four Seasons M...
If there’s ever a time to see Mumbai in full colour, rhythm,...
Fern Hotels & Resorts Sees Strong Growth for Series by Marriott
Fern Hotels & Resorts’ newest venture, Series by Marriott, i...
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.
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.
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.
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.