NDMC has alleged that Le Meridian not only evaded the license fee it owed to NDMC but also paid much lesser luxury tax to the Delhi government.
Currently, Hilton operates five brands in India including Conrad Hotels & Resorts, Hilton Hotels & Resorts, Double Tree by Hilton, Hilton Garden Inn, and Hampton by Hilton.
As an impact of GST, the survey revealed that a significant number of 56% of the respondents said that their preference of luxury travel has been adversely affected.
India’s second largest travel portal Yatra.com saw 68% jump in airline bookings this monsoon season from 2016. Hotels bookings on Yatra.com grew more than 300%.
Travel portals are expecting an average 50% jump in bookings this month with people looking for quick weekend getaways by clubbing their leaves with off days.
IHCL reported consolidated income from operations of Rs 907 crore for the quarter ended June 30 compared to Rs 947 crore last year.
OYO trimmed its losses to Rs 325 crore in the 2016-17 from Rs 496 cr in the previous year, according to a blog posting on its website by CFO Abhishek Gupta.
EIH also stated that The Oberoi, New Delhi which was earlier expected to open in early April 2018 is now likely to open in January, 2018.
New Delhi, Mumbai, Bengaluru, Hyderabad and Chennai were the top five cities from where the maximum number of bookings for monsoon travel packages were recorded.
The association has appealed the Government to remove this condition and determine the tax percentage based on the actual transaction value
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