OCCUPANCY RATES DUBAI HOTELS
Chalet Hotels reports total income from core operations of Rs 511 crore, PAT up 40% to Rs 216 crore
Chalet Hotels reported a 39.7% year-on-year rise in Q2 FY27 net profit to Rs 216.2 crore, despite a 31.7% decline in revenue to Rs 501.9 crore. Excluding income from a residential project recognised last year, revenue grew 11% to Rs 511 crore, while core EBITDA rose 13%, with margins improving.
Sunday PropTech acquires 89-room hotel in Kolkata, marks entry into city
Sunday PropTech Ltd marks a significant milestone with its inaugural acquisition of an 89-room hotel in Rajarhat. This venue will be included in its emerging mid-premium Clubhouse brand, bolstering its footprint in eastern India. Given its advantageous proximity to Netaji Subhas Chandra Bose International Airport, it appeals to business travelers. The company plans to revamp and reposition the hotel, while also identifying additional investment prospects in West Bengal.
Awfis Space Solutions reports Rs 451 crore revenue from operations during Q2FY27
Awfis Space Solutions reported a 26% year-on-year rise in Q2FY27 revenue to Rs 451 crore, driven by strong enterprise and GCC demand. Its co-working business grew 31%, while the company expanded to 254 centres across 18 cities. Awfis is targeting Rs 190-200 crore in full-year Cash EBITDA.
Have third-party insurance for your car or bike but no passenger cover? Here's how to add it without cancelling your policy
Exciting changes are coming to motor insurance in India! Starting December 15, 2026, policyholders can enhance their coverage with legal liability for occupants and pillion riders, in a newly structured four-layer insurance model. Learn about the options available to protect passengers and what new transparency measures will ensure better understanding for consumers.
Diwali Abroad 2026: How NRIs in the US, UK and Gulf Are Keeping Indian Traditions Alive Thousands of Miles From Home
Diwali 2026 is bringing Indian communities together across the US, UK and Gulf, with celebrations ranging from Times Square and London's Trafalgar Square to Dubai's Festival of Lights and temple gatherings in Abu Dhabi. As November 8 approaches, NRIs are marking the festival through cultural performances, traditional food, diya lighting, family pujas, festive shopping and community events. Here is how the Indian diaspora is celebrating Diwali abroad this year.
Pioneer Urban to invest Rs 3,500 crore in ultra-luxury Gurugram residences
Pioneer Urban Land & Infrastructure Ltd plans to invest Rs 3,500 crore in the Alura project in Gurugram. This project aims to offer approximately 250 ultra-luxury serviced residences with multiple configurations, including duplexes and penthouses. Designed by Skidmore, Owings & Merrill, the development promises expansive living spaces with high-end amenities and services. Each residence will benefit from well-being features, ensuring occupant health and comfort.
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Irdai mandates four-tier structure for motor insurance from Dec 15
Irdai will implement a four-tier structure for motor insurance covering private cars and two-wheelers. Customers will have the option to select separate covers, including mandatory third-party liability and optional personal accident cover. Existing policyholders can add occupant liability coverage without canceling their current policies.
For investors with a 3- to 5-year horizon: 5 mid-cap stocks from different sectors with upside potential of more than 19%
A development worth noting is that there was net FII buying in five of the last six trading sessions. But it is still tentative, and cannot be declared as a reversal of the selling trend of the past few months. While indications are that they are favouring large-cap stocks, there are bargains to be had in the mid-cap space for the discerning investor.
Has Nicolas Cage become 'homeless'? Actor reveals why he was forced to leave his $10.5 million Malibu mansion. 'Something happened to my house'
Nicolas Cage has revealed that he is currently living in hotels after damage to his $10.5 million Malibu beachfront mansion forced him to leave the property. Speaking at L.A. Comic Con, the 62-year-old actor described himself as “a little bit homeless” and explained that something had happened to his house. A massive sinkhole caused by coastal erosion damaged the mansion's driveway in September, also affecting nearby properties and forcing residents to evacuate.
Bagmane Prime Office REIT leases 1.2 million sq ft in Q2, occupancy rises to 99%
Bagmane Prime Office REIT leased 1.2 million sq ft of office space in the September quarter. This leasing figure represents more than four times the amount recorded in the previous quarter. The demand for space primarily came from global capability centres, accounting for 96% of leasing activity. The REIT reported a revenue from operations of Rs 765 crore during this period. The board also declared a distribution of Rs 1.
Knowledge Realty Trust NOI up 15%, declares record Rs 764 cr distribution in Q2
Knowledge Realty Trust reported 15% year-on-year NOI growth to Rs 1,140.4 crore in Q2 FY27, alongside 13% revenue growth. Record distributions reached Rs 764 crore, supported by strong leasing, occupancy and rental growth.
New Zealand to remove 17 occupations from Green List Work to Residence pathway from March 2027
Effective March 8, 2027, New Zealand will revise its Green List Work to Residence visa pathways, eliminating 17 specific occupations. While these workers can transition to residency through fresh Skilled Migrant Category routes, special education teachers will notably have direct access to residency without needing prior work experience.
The business of running a hospital: Balancing profitability, patient trust and scale
A hospital’s financial health depends on more than occupancy and revenue, requiring a careful balance of cost control, cash flow and patient trust.
Delhi court grants 2-day transit remand for Mahadev app promoter Sourabh Chandrakar; Oman court had ordered his extradition on ED's request
Chandrakar was arrested on November 1 at 7.35 pm and produced before the court at around 11.45 am on Monday. The CBI told the court that he had been detained in Oman for illegal entry on forged travel documents and was subsequently surrendered to India by the Omani government. An open-ended non-bailable warrant issued against him by the CBI special court in Raipur was pending, and he has been charge-sheeted in the case.
TajGVK Hotels & Resorts rebranded as Krishna GVK Luxury Hotels
TajGVK Hotels & Resorts Limited has been rebranded as Krishna GVK Luxury Hotels Limited after a recent ownership change. The company was formed in 1995 as a joint venture between the GVK-Bhupal family and IHCL. As IHCL sold its entire stake in December 2025, the GVK-Bhupal family now fully owns the hotels. The hotel brand will remain Taj, operated by IHCL through management agreements.
Shahrukh Khan House: From a rented house in Delhi to Mannat in Mumbai and Jannat in Palm Jumerah in Dubai, how Shah Rukh Khan built his dream homes
Shah Rukh Khan's property journey stretches from the South Delhi home where he began married life with Gauri Khan to Mumbai's iconic Mannat and Dubai's Palm Jumeirah villa Jannat. In July 2026, the actor also became the sole owner of his former Delhi residence after acquiring its remaining floors for around Rs 37 crore.
Aishwarya Rai Bachchan net worth: As former Miss World turns 53, what we know about her international endorsements and luxury properties
Aishwarya Rai Bachchan celebrates her 53rd birthday on November 1, with her estimated fortune drawing attention alongside husband Abhishek Bachchan's reported wealth. While Celebrity Net Worth places her net worth at USD 100 million, media estimates also point to the couple's international brand partnerships, business interests and reported property investments in Dubai and Mumbai.
Dubai in Transit: The megalopolis is trying to shake off nightmarish war months, but caution remains in the air
Dubai is struggling to regain business momentum eight months after Iranian missile strikes disrupted tourism, real estate and other sectors. While tourist arrivals and hotel occupancy have recovered from their March lows, the recovery has stalled amid renewed regional tensions.
DMRC Pink Line Update: Delhi Metro introduces real-time coach crowding display; check how passengers can find less crowded coaches before boarding
The Delhi Metro Rail Corporation has launched a cutting-edge real-time display showing coach occupancy on its Pink Line. This innovative system allows passengers to view crowd levels through screens installed on platform stations before boarding. By utilizing load sensors to monitor occupancy, it helps mitigate overcrowding during peak travel periods, thereby enhancing comfort and ensuring a more enjoyable journey for all commuters.
Hyatt signs deal with Saraca Hotels to add four branded properties in UP, Uttarakhand
Hyatt Hotels Corporation has signed agreements with Saraca Hotels & Resorts to introduce four new hotels in India. This partnership will expand Hyatt's brand presence in Uttar Pradesh and Uttarakhand. The agreement introduces the Unscripted by Hyatt brand to India through Saraca Hotel Lucknow and Saraca Resort & Spa Corbett. Additionally, two hotels under the Destination by Hyatt and Hyatt Place brands will be established near Jim Corbett National Park.
IRCTC hotels case: Delhi court defers formal framing of charges against Lalu, others
A Delhi court has adjourned the framing of money laundering charges against Lalu Prasad Yadav and his family members. The judge stated that all accused, except those exempted, must be present at the next hearing. The Enforcement Directorate's case involves the alleged IRCTC hotel scam, with nine of the sixteen accused facing charges. The investigation indicates no political vendetta against Lalu Prasad, despite defense claims.
First-time investors turn to India's hospitality sector for diversified income and long-term growth
India is witnessing a rise in first-time hotel owners, with entrepreneurs, real estate developers, industrial families and landowners entering the hospitality sector. Nearly seven in 10 branded hotel keys signed this year are outside Tier 1 cities, according to Noesis Hotel Advisors. Industry executives say growing domestic travel, better connectivity and demand from leisure, business, weddings and pilgrimage are creating opportunities for new investors.
Trehan IRIS to develop a senior living project in Gurugram
Trehan IRIS will introduce a senior living community in Gurugram, complemented by a commercial landmark in Noida. The ambitious IRIS Broadway Greno West project in Greater Noida West has secured an investment of Rs 400 crore. Aimed at a vibrant young population in the area lacking adequate retail and entertainment options, this mall is projected to attract large crowds and foster substantial annual revenue.
Embassy REIT leases 1.5 million sq ft in Q2 as GCCs drive demand; distribution hits record Rs 670 crore
Embassy Office Parks REIT leased over 1.5 million square feet of office space in the second quarter. The REIT recorded its highest quarterly distribution of Rs 670 crore for the quarter ended September. Global capability centres accounted for 85% of leasing demand while new leases signed significantly surpassed market rents. The company also acquired additional retail space and completed a new office block dedicated to a US-based global engineering company.
ITC Hotels reports revenues of Rs 1054 cr for Q2, PAT at Rs 203 cr
ITC Hotels reported strong second-quarter growth, with revenue rising 26% and net profit increasing 52% year on year, supported by higher room rates, occupancy and demand from business events. The company also expanded its portfolio through new hotel signings, the Welcomhotel Ahmedabad acquisition and a land allotment in Lucknow.
Dubai South home sales hit six-year high despite West Asia crisis as buyers opt for smaller homes
Dubai South recorded 12,428 residential transactions in January-August 2026, surpassing full-year sales in each of the past six years, despite the West Asia crisis. Studios and one-bedroom apartments accounted for 76% of transactions, pulling average ticket sizes down to AED 1.28 million even as per-square-foot prices continued to rise.
Tourism is the sector the market writes off in a downturn. Is it indicating something else? 7 stocks with upside potential of up to 27%
For years the street has believed that when the economy slows, tourism and hotels are the first to feel it. The logic: A hotel stay is not like food, medicine, electricity, or school fees. It gets cut when money is tight. But a change is visible. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
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