Essayer OR - Gratuit

Secondary airports in metros trigger hospitality boom

Business Standard

|

January 02, 2026

Bird group, Chalet, Samhi, Lemon Tree see opportunity close to Jewar, Navi Mumbai airports

- AKSHARA SRIVASTAVA

New airports like the Navi Mumbai International Airport (NMIA) and the upcoming Noida International Airport (NIA) are triggering a hospitality boom as hotels start establishing presence near them, helping close the existing gap between branded room demand and supply.

With NMIAs operations commencing on Christmas Day, the area is set to witness a significant boost in economic activities, with the hospitality sector set to benefit from an increase in Meetings, Incentives, Conferences, and Exhibitions (MICE) activities, Motilal Oswal wrote in a December 2025 note.

Located in the heart of Navi Mumbai, NMIA is close to major commercial and corporate hubs and enjoys a proximity to vacation destinations like Lonavala.

“Hospitality business is largely untapped in Navi Mumbai, with a supply of only 1,539 keys by major hotel operators,” the note stated, adding that the area is now drawing more hotel players.

Samhi has announced its largest hotel in Navi Mumbai with a total of 700 keys and an estimated capex of 6.5 billion over the next three-four years. The Radisson Hotel Group, in partnership with Hill Crest Hotels and Resorts, has announced the signing of a 350-key hotel, set to commence operations from 2030, the brokerage pointed out.

Lemon Tree, Chalet, and Park hotels have also planned developments in the area with over 400, 280, and 250-key properties, respectively, it added.

PLUS D'HISTOIRES DE Business Standard

Business Standard

THE COMPASS Diversified infra players better bet amid weak road order inflows

Activity in the roads sector has been slow and road awards were subdued due to the policy decision to halt awards under the Bharatmala programme.

time to read

3 mins

January 10, 2026

Business Standard

Lenovo to design, build, and export Al servers from India

Global technology major Lenovo is planning to transform India into a key export hub for its infrastructure business, with plans to design and manufacture artificial intelligence (AI) servers in the country for global markets, a top company executive has said.

time to read

1 min

January 10, 2026

Business Standard

Suspend PM E-DRIVE truck-scrapping rule fora yr: Auto industry

The automobile industry in India has asked the Ministry of Heavy Industries (MHI) to suspend for one year the rule governing financial incentives for buying an electric truck (e-truck) under the PM E-DRIVE scheme, Business Standard has learnt.

time to read

2 mins

January 10, 2026

Business Standard

Business Standard

Netflix's India decade: From 'HBO moment' to a hunt for mass reach

More than 16 million subscribers, about 50 million viewers and close to%4,000 crore in revenues.

time to read

3 mins

January 10, 2026

Business Standard

'FY27 Budget should focus on consumption demand, boosting income'

Budget 2026-27 must focus on improving consumption demand and give a legup to micro, small and medium enterprises (MSMEs), especially to tide over global uncertainties, Nirmal K Minda, Assocham president and executive chairman of UNO Minda, tells Ruchika Chitravanshi in an interview in New Delhi.

time to read

2 mins

January 10, 2026

Business Standard

Working well with Venezuela: Trump cancels 2nd attack

US Prez set to outline plan for Venezuelan oil

time to read

2 mins

January 10, 2026

Business Standard

Business Standard

Air as an electoral issue

Cyclones in Odisha, landslides in Uttarakhand, floods in Assam, pollution in Delhi.

time to read

3 mins

January 10, 2026

Business Standard

Darjeeling tea output may have hit a new low in 2025

The famed Darjeeling tea may have slipt to a new production low in 2025, as changing weather patterns, a shortage of pluckers and mounting economic stress weigh on the region’s gardens.

time to read

2 mins

January 10, 2026

Business Standard

Oil & gas industry expects GST relief, LPG under-recovery compensation

‘The oil and gas industry expects the upcoming Union Budget to address compensation for underrecoveries on the sale of cooking gas cylinders and provide goods and services tax (GST) relief for exploration activities, say experts.

time to read

1 min

January 10, 2026

Business Standard

Competition may weigh on power equipment firms

Their stocks fell for a second day amid reports about possible removal of curbs on China companies bidding for govt contracts

time to read

2 mins

January 10, 2026

Listen

Translate

Share

-
+

Change font size