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Friday, September 20, 2024

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INDUSTRY

Airbnb reports 1Q loss of nearly USD 1.2 billion, revenue rises

Airbnb reported that its first-quarter loss more than tripled, to $1.17 billion, as travel remained depressed by the pandemic and the company was weighed...

INDUSTRY

Airbnb valuation shoots past $100 Billion

Airbnb opened at $146 on the Nasdaq, far above the IPO price of $68 per share that raised $3.5 billion for the company. The...

Editor Picks

11th IHHA Convention to be held from 19-20 Sep

The Indian Heritage Hotels Association (IHHA) is set to hold its 11th Annual Convention and...

Pune, Chennai lead July occupancy rates

In July 2024, nationwide hotel occupancy rates experienced a steady improvement, rising by 3 to...

Major cities see significant ADR growth

In Q2 2024, the hospitality sector experienced YoY growth due to an increase in average...

MakeMyTrip leads hotel bookings in India

MakeMyTrip has emerged as top choice for booking hotels, favoured by almost half of urban...

Hospitality sector sees 4.8% RevPAR growth in Q2 ’24: JLL

The Indian hospitality sector experienced a 4.8 per cent YoY growth in Revenue Per Available...