Tourism Breaking News
Oyo Hotels have filed for a local listing, seeking a valuation of $10 billion to $12 billion that could be the first for a hospitality firm since 2019. The initial public offering (IPO) comes as travel restrictions are being alleviated worldwide and the tourism sector sees a rebound, with stuck-at-home people heading out on vacations.
The offering will consist of a fresh issue of shares of up to 70 billion rupees and an offer for sale of as much as 14.30 billion rupees, as per a copy of its draft red herring.
Breaking News
- World’s steepest cableway opens Switzerland with a new direct connection between Stechelberg and Mürren
- AP Tourism Minister unveils state’s Tourism Policy 2024-2029, aims to attract ₹25,000 crore investment
- Tourism is not just about economic value, but also about fostering deeper global ties: Puneet Chhatwal
- Infrastructure is the scaffold holding tourism sector together, says Mugdha Sinha, Director General, MOT
- Year End Hospitality Quote from Dr. K Prakash Shetty , Founder & Chairman , MRG Hospitality & Infrastructure Pvt. Ltd
- Tourism Minister Shekhawat urges industry to create document on reinstating SEIS scheme in a new format
- ITQ to implement tech solutions for travel agents to help them handle their customers better and scale up their business: Anoop Tewari
- More Indians want to fly business class this holiday season
- India leads global tourism surge with record spending and luxury travel trends
- Unless we address the supply side immediately, we risk missing the tourism opportunity altogether: Suman Billa
- We must shift focus to international market, specially high-value tourism, for greater unit value realisation: Amitabh Kant
