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 6, 2023
Zomato has once again outperformed expectations, showcasing a robust performance in its core food delivery business. This impressive growth trajectory has been significantly propelled by the company’s strategic Gold subscription programme. The latest quarterly figures are in, and they tell a compelling story of success and expansion. Zomato's Gross Order Value (GOV) soared to INR 7,980 crore, marking a notable 20% increase year-on-year.
With the food delivery giant witnessing an increase in average monthly transacting customers from 17.5 million to 18.4 million, the surge in order volumes has been remarkable, keeping the average order value stable. According to Rakesh Ranjan, the chief executive of the food delivery vertical, this growth has been "almost entirely led by growth in order volumes."
The Gold subscription programme has emerged as a significant contributor to this growth, accounting for about 40 percent of the GOV in the latest quarter. Membership numbers doubled from the previous quarter, hitting 3.8 million subscribers. Despite impacting the margins due to factors such as negligible delivery charges for Gold members and additional operational costs, the programme is refining its edge. Akshant Goyal, the chief financial officer at Zomato, emphasizes the narrowing margin gap between Gold and non-Gold orders, underscoring a strategic shift towards absolute contribution profit.
Competing head-on with its rival Swiggy’s Swiggy One subscription, Zomato has not extended its Gold benefits to BlinkIt but continues to hone its flagship programme. Amidst this strategy, the company has recorded a profit for the second consecutive quarter, with INR 36 crore for the three months ending September, coupled with a revenue from operations standing at INR 2,848 crore.
These fruitful results have propelled Zomato’s shares to climb over 10 percent, pushing the company's market capitalization beyond the USD 12 billion mark. Zomato's strategic focus on its Gold subscription programme, paired with relentless pursuit of operational efficiencies, paints a promising picture for its stakeholders.
Hilton Kathmandu Burned Amid Widespread Unrest in Nepal
Kathmandu witnessed a devastating blow to its hospitality se...
Treat Hotels & Resorts Expands to Rajasthan and Maharashtra ...
Treat Hotels & Resorts is expanding its presence in North In...
Mirth Bar Opens in Indiranagar, A Nostalgic Yet Modern Tribu...
In a city buzzing with new-age bars and polished lounges, a ...
Transforming Hospitality: The Impact of Sustainability on Ho...
Picture a busy day in your hotel. Guests are checking in, th...
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.
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.