#hotel revenue management companies in india

[siarahotels]

Hotel management services refer to the wide range of services and functions provided by a hotel management company or internal management team to efficiently run and oversee the day-to-day operations of a hotel or hospitality business. These services are designed to ensure smooth operations, maximize guest satisfaction, and increase profitability. 

[mmrhotels]

Revenue Management Company in India: Maximizing Profits for the Hospitality Sector

In India, the growing focus on competitive pricing, efficient inventory management, and customer segmentation in the hospitality industry has led to the emergence of dedicated revenue management companies. These firms are dedicated to improving the revenue generation process, especially in the hotel and resort industries, by applying analytical methods. A notable player in this segment is MMR Hotels, which has established itself as a key player in helping Indian hospitality businesses increase their revenues through effective revenue management solutions.

What is Revenue Management?

Revenue management is a strategic management technique that focuses on the right pricing strategy, demand forecasting, and inventory control to maximize revenue. In the context of hotels, revenue management involves the process of changing the price of rooms based on factors such as demand, time of the year, and competition. Moreover, effective distribution channels and promotional activities are the basic elements of the revenue management system. With the help of experienced revenue management companies, businesses can obtain the most innovative strategies to implement these tactics, which will result in sustainable development and higher profitability.

The Role of Revenue Management Company in India

India’s hospitality industry is competitive, with an increasing focus on maximizing revenue per available room (RevPAR). Revenue management company in India, like MMR Hotels, play a crucial role by:

Demand Forecasting: Utilizing historical data and analyzing current trends enables hotels to make informed decisions regarding pricing strategies, effectively targeting the appropriate customer base at the most opportune times

Dynamic Pricing: Dynamic pricing involves continuously adjusting room rates in response to demand variances, allowing for optimal pricing alignment across various seasons and booking periods.

Distribution Optimization: Distribution Optimization involves strategically managing online distribution channels to enhance visibility and increase direct bookings, lessening reliance on external booking platforms.

Operational Integration: Operational Integration is achieved by harmonizing revenue tactics across all areas of hotel operations, including marketing and front desk functions, to guarantee uniformity and enhance overall profitability.

MMR Hotels: Pioneering Revenue Management Company in India

MMR Hotels is a well-known revenue management company in India that successfully manages over 300 properties in India. The company has been able to record high booking volumes on a monthly basis, which is quite impressive. Their approach entails the use of advanced technology and expertise to design unique revenue models for each of the hotels they manage. MMR Hotels excels in its ability to offer flexible pricing strategies and focus on the improvement of RevPAR ( Revenue per Available Room ) by implementing proper rate changes and managing inventory effectively. Their interaction with the hotel staff is to ensure that the revenue management strategies are incorporated into the daily operations to ensure that there is constant improvement.

Other Leading Revenue Management Companies in India

Besides MMR Hotels, other prominent companies in this field include:

RateGain: A well-known company that has established itself as a pioneer in the SaaS industry is a leading company in the hospitality and travel industries. The company’s main concern is to provide the latest tools for competitive analysis and price optimization.

PROS Revenue Management: PROS Revenue Management is an international company that applies data science and artificial intelligence to offer accurate pricing solutions for different industries, including the hospitality industry.

Ideas Revenue Solutions: IDeaS is a global provider of revenue management solutions for the hospitality industry with its headquarters in Bloomington, Minnesota. Their cloud-based solution combines analytical and automation tools to allow for dynamic changes in pricing strategies to maximize revenue for companies in the industry.

Conclusion

In conclusion, for hotels that want to increase profitability and meet their financial objectives, it is crucial to partner with a reliable revenue management company. One such company that has excelled in this field is MMR Hotels, which is famous for its holistic and analytics-based approach to revenue management that has helped many hotels in India. MMR Hotels provides the required experience for the Indian hospitality players to manage the complex environment of revenue management along with other reputed firms such as RateGain, PROS, and IDeaS. Purchasing the services provided by these entities helps hotels to improve competitiveness, boost direct sales, and maximize revenues.

These distinguished companies have niche skills and experience and have proven their ability to produce measurable returns, making them the ideal partner for any hotel that wants to achieve the highest levels of profitability in the current volatile market conditions.

Visit:

[jatinbanga-blog]

The Best Hotel Marketing Agency for Maximizing Your Hotel's Success

Introduction: In today’s competitive hospitality industry, effective marketing is essential for any hotel aiming to maximize occupancy and revenue. With the myriad of challenges that hotels face, from maintaining a strong online presence to managing bookings across multiple platforms, the need for a specialized hotel marketing agency has never been greater. Choosing the right partner can make a significant difference in achieving your hotel's goals, and this is where Grow Vista Hospitality stands out.

Why Your Hotel Needs a Marketing Agency: Marketing a hotel is a complex task that involves more than just advertising rooms. Hotels need to manage their online presence, engage with potential guests on social media, optimize their listings on various OTAs, and ensure they are visible in search engine results. A professional hotel marketing agency can handle these tasks efficiently, allowing hotel owners to focus on delivering exceptional guest experiences.

Services Offered by Top Hotel Marketing Agencies:

Search Engine Optimization (SEO): Ensures your hotel website ranks higher in search engine results, driving organic traffic and bookings.

Social Media Management: Enhances your brand’s narrative on platforms like Instagram and Facebook, engaging potential guests with compelling content.

OTA Management: Manages your listings on OTAs, optimizing pricing and content to increase visibility and bookings.

Online Reputation Management: Monitors and responds to reviews across major platforms, enhancing your hotel’s online reputation.

Graphic and Video Content: Creates engaging visuals and videos that showcase your hotel’s unique features.

What Makes Grow Vista Hospitality the Best Hotel Marketing Agency: Grow Vista Hospitality goes beyond the standard offerings of most hotel marketing agencies. Here’s what sets them apart:

Comprehensive Service Portfolio: Grow Vista provides a 360-degree marketing and business development package that includes:

Search Engine Optimization (SEO): Achieve higher rankings in search engine results to drive organic traffic and bookings.

Social Media Management: Enhance your social media presence with strategic content and consistent engagement.

OTA Management: Unlock the potential of 15+ OTAs and 200+ affiliate partners with seamless listing and dynamic pricing strategies.

Online Reputation Management: Monitor and respond to reviews to maintain a positive online reputation.

Graphic and Video Content: Create captivating visual content to showcase your hotel's unique features.

Google My Business Management: Optimize your Google My Business listing for better visibility and engagement.

Front Desk Nurturing: Train and motivate your staff to deliver exceptional guest experiences.

Paid Advertising Campaigns: Execute targeted Google Ads and other paid campaigns to drive immediate results.

Channel Manager: Seamlessly manage inventory and rates across multiple OTAs.

Virtual Front Desk: Manage bookings and guest interactions efficiently with Grow Vista’s virtual front desk services.

Unique Offline Sales Support: Grow Vista is the only company offering dedicated offline sales support. This includes:

PAN-India Presence: A personalized sales team that reaches every corner of the country.

Tying Up Opportunities: Connecting with companies for corporate group trips and collaborating with event planners.

Centralized Excellence: A sales team headquartered in Delhi NCR, specializing in bulk bookings.

Proactive Outreach: Making over 200 personalized calls every day to explore opportunities.

Future Bookings: Proposals for future bookings to help hotels anticipate and plan for success.

Proven Success Stories: Grow Vista’s clients have experienced significant growth in bookings and revenue, thanks to their strategic marketing approach and commitment to excellence.

Client-Centric Approach: With a focus on building lasting relationships, Grow Vista ensures personalized attention and tailored solutions for each hotel they work with.

How to Choose the Right Hotel Marketing Agency: When selecting a hotel marketing agency, consider the following factors:

Experience and Expertise: Look for agencies with a proven track record in the hospitality industry.

Range of Services: Ensure the agency offers a comprehensive range of services that meet your hotel's needs.

Client Testimonials: Check reviews and testimonials from other hotel owners to gauge the agency’s effectiveness.

Customization: The agency should provide tailored solutions rather than a one-size-fits-all approach.

Performance Metrics: Ask about how the agency measures success and their reporting processes.

Conclusion: Partnering with the right hotel marketing agency can significantly impact your hotel's success. Grow Vista Hospitality, with its unique offerings and client-centric approach, stands out as the best choice for hotels looking to maximize their marketing efforts and achieve sustained growth. Visit Grow Vista Hospitality's website to learn more and start your journey towards success.

[sammy-4230]

Discover top festive marketing strategies hotel management companies use to help hoteliers boost holiday revenue. Learn how to attract more guests, maximize bookings, and make the most of the holiday season!

[fssaiupdates]

Understanding Different FSSAI Licenses: Basic, State, and Central

Managing food business operations effectively helps providers deliver food products that are both safe and sanitary to customers. The Food Safety and Standards Authority of India (FSSAI) functions as the responsible government body that oversees food safety protocols in all regions of India. Business entities operating in the food sector require an FSSAI license to operate legally.

The license type issued by the Food Safety and Standards Authority of India depends on a business's annual turnover, operational size, and characteristics. FSSAI provides three kinds of licensing options ranging from Basic to State to Central which support businesses at varied operational levels. This guide provides a complete overview of FSSAI licensing options, eligibility requirements, registration procedures, and fees, along with the mandatory standards for selecting the appropriate license for your food business.

Types of FSSAI Licenses

Basic FSSAI License

The Basic FSSAI license is for food operations with annual revenues that do not exceed ₹12 lakh. This category includes:

Small food manufacturers operating at a limited scale.

Home-based food businesses, such as homemade pickles, bakery items, or cloud kitchens.

Small retailers and food vendors, such as roadside food stalls, juice corners, and tea stalls.

Hawkers and cottage industries involved in small-scale food production and sale.

How to apply for an FSSAI license online?

Applying for a Basic FSSAI license is simple:

Register on the FoSCoS Portal – Visit the Food Safety Compliance System (FoSCoS) website and create an account.

Submit the Required Documents – Upload important business documents, ID proof, proof of business address, and food product details.

Pay the Applicable Fee – The registration fee actually varies from ₹100 to ₹5,000 depending on the type and validity of the license.

Await License Approval – Once the application is submitted, the license is generally issued within 7 to 10 days.

2. State FSSAI License

Food businesses generating annual revenue between ₹12 lakh and ₹20 crore must obtain a State FSSAI license. A State FSSAI license can also apply to businesses that have multiple locations but operate within the same state.

The following businesses fall under this category:

Medium-sized food manufacturers producing packaged foods, processed foods, or beverages.

Dairy units handling between 500 to 50,000 liters of milk per day.

Restaurants, hotels, and catering businesses that serve a larger customer base.

Food transporters who distribute food products within a state.

FSSAI license requirements for small businesses

Business registration proof (GST certificate, company registration, etc.).

A layout plan of the food production premises.

Food safety management plan, including hygiene and quality control measures.

List of food products being manufactured, processed, or sold.

The FoSCoS portal processes State FSSAI license applications, and approval typically takes 30 days.

3. Central FSSAI License

Businesses operating on a large scale must obtain a Central FSSAI license if their annual sales exceed ₹20 crore or if they supply food products across multiple states. The central authority of FSSAI issues this license to businesses involved in food imports, exports, and nationwide distribution.

The following businesses must obtain a Central FSSAI license:

Large food manufacturers involved in mass production.

Exporters and importers of food products.

Businesses supplying food to government organizations, such as defense canteens and railway food services, must obtain a Central FSSAI license regardless of turnover.

Dairy units processing more than 50,000 liters of milk per day.

FSSAI documentation requirements

Identity and address proof of the business owner.

Blueprint or layout plan of the food processing/manufacturing unit.

Water and product quality test reports from an NABL-accredited lab.

Proof of ownership or rental agreement of business premises.

Central FSSAI license applications must be submitted through the FoSCoS portal, where approval can take up to 60 days, depending on inspections and verification.

FSSAI Registration Process

The FSSAI registration process involves the following steps:

Determine the Type of License – Based on your business turnover and operations, choose between Basic, State, or Central license.

Apply Online via FoSCoS Portal – Visit the official FSSAI website, create an account, and submit the online application.

Upload Required Documents – Provide business registration details, address proof, identity documents, and food product details.

Pay the Fee and Await Inspection – Depending on the license type, the FSSAI authority may conduct an inspection before granting approval.

Receive Your License – Once approved, the FSSAI license is issued, and you can legally operate your food business.

FSSAI License Fees and Validity

The cost of an FSSAI license varies based on the license type:

License Type

Annual Turnover

Validity

Fee (Approx.)

Basic

Up to ₹12 lakh

1-5 years

₹100-₹500 per year

State

₹12 lakh - ₹20 crore

1-5 years

₹2,000-₹5,000 per year

Central

Above ₹20 crore

1-5 years

₹7,500 per year

The license is valid for 1 to 5 years and must be renewed before expiry.

FSSAI License Renewal Process

All Food Safety and Standards Authority of India licenses need renewal before their expiration date. An organization must apply for license renewal at least 30 days before the expiration date to avoid penalties. The renewal process follows the same steps as a new registration which demands current business information together with food safety certification files.

FSSAI Compliance for Restaurants and Other Businesses

To maintain FSSAI compliance, businesses must:

Display the FSSAI registration number at their premises and on packaging. Follow food safety and hygiene standards as per FSSAI guidelines. Renew the FSSAI license before expiry to avoid penalties. Maintain records of food sources, suppliers, and storage conditions. Undergo periodic food safety audits and inspections.

Conclusion

Being FSSAI licensed means your business provides customers with assurance regarding trustworthiness and product safety along with top-tier quality standards. The competitive food industry demands an FSSAI license to fulfill regulation standards which simultaneously enhances your business reputation thus attracting customer trust. Acquiring the appropriate FSSAI license is a fundamental step for businesses, from home-based food ventures to mid-sized restaurants, cloud kitchens, packaging units, and large-scale manufacturing facilities, ensuring business expansion, operational authenticity, and consumer trust.

The Legal Dost recognizes the importance of legal compliance, so we provide a straightforward FSSAI registration service for businesses of all sizes. The experts at our organization deliver full-scale assistance for FSSAI registration while handling license renewals and managing compliance needs and offering documentation solutions to help your business well food safety regulations.

[quibblefrost]

Maha Kumbh 2025: Economic Impact, Beneficiary Sectors, Top Stock Picks, and Political Implications

The Maha Kumbh Mela 2025, currently underway in Prayagraj, Uttar Pradesh, is anticipated to be the world’s largest religious gathering, with projections of over 400 million visitors during its six-week duration. This massive influx is expected to significantly impact various sectors of the Indian economy, presenting unique opportunities for investors.

Sectors to Watch and Potential Beneficiaries

1. Tourism and Hospitality: The surge in visitors has led to a substantial demand for accommodation and related services. Local hotels, guesthouses, and temporary lodging arrangements are projected to generate approximately ₹40,000 crore in revenue.

2. Food and Beverages: With millions of attendees, the consumption of packaged foods, water, and meals is expected to contribute around ₹20,000 crore to the economy.

3. Retail and Consumer Goods: The sale of religious items, souvenirs, and daily essentials is anticipated to see a significant uptick, adding an estimated ₹20,000 crore to trade.

4. Transportation and Logistics: The movement of pilgrims necessitates enhanced transportation services, including local transit and interstate travel, potentially accounting for ₹10,000 crore in economic activity.

5. Infrastructure Development: Significant investments have been made to accommodate the massive gathering, including the construction of over 200 roads and extensive beautification projects in Prayagraj.

Top Stocks to Consider

Investors might consider the following companies across large, mid, and small-cap segments that stand to benefit from the Maha Kumbh Mela:

IRCTC (Indian Railway Catering and Tourism Corporation)

Sector: Transportation and Tourism

Overview: As the primary provider of catering, tourism, and online ticketing services for the Indian Railways, IRCTC is poised to benefit from the increased travel during the Kumbh Mela. The company has likely seen a surge in bookings and service utilization.Indian Hotels Company Limited (IHCL)

Sector: Hospitality

Overview: Operating under the Taj brand, IHCL stands to gain from the heightened demand for accommodation. The influx of domestic and international tourists can boost occupancy rates and revenue per available room.Tata Power

Sector: Energy

Overview: With the need for reliable power supply during the event, Tata Power’s involvement in providing sustainable energy solutions could see increased demand. Their focus on renewable energy aligns with the temporary infrastructure set up for the Mela.Larsen & Toubro (L&T)

Sector: Infrastructure and Construction

Overview: L&T’s expertise in large-scale infrastructure projects positions it well to have participated in the development activities in Prayagraj, including road construction and urban planning.NBCC (India) Limited

Sector: Construction and Project Management

Overview: As a government-owned entity, NBCC may have been involved in the construction and renovation projects leading up to the Kumbh Mela, contributing to its order book and revenues.Technical and Fundamental Analysis

• IRCTC: Fundamentally, IRCTC has shown consistent revenue growth with strong profit margins, benefiting from its monopoly in railway catering and ticketing. Technically, key support levels might be observed around ₹1,200, with resistance near ₹1,500.

• IHCL: The company has demonstrated resilience with a diversified portfolio and improving financial metrics post-pandemic. Support levels could be around ₹200, with resistance at ₹250.

• Tata Power: With a strategic shift towards renewable energy, Tata Power’s fundamentals are strengthening. Support is likely around ₹220, with resistance near ₹270.

• L&T: A robust order book and diversified operations underpin L&T’s strong fundamentals. Technically, support may be found at ₹1,800, with resistance at ₹2,000.

• NBCC: As a key player in government infrastructure projects, NBCC’s fundamentals are solid, though subject to project-based revenue fluctuations. Support levels might be around ₹30, with resistance at ₹40.

Geopolitical and Political Sentiments

The Maha Kumbh Mela holds profound cultural and religious significance in India. The current administration, led by the Bharatiya Janata Party (BJP), has emphasized the event as a showcase of India’s rich heritage. The renaming of the host city from Allahabad to Prayagraj reflects efforts to revive traditional nomenclature.

Internationally, the event garners attention for its scale and spiritual importance, enhancing India’s soft power. The successful organization of such a massive gathering without significant incidents can bolster India’s image as a country capable of managing large-scale events, potentially influencing geopolitical perceptions positively.

Conclusion

The Maha Kumbh Mela 2025 presents substantial economic opportunities across various sectors. Investors should monitor companies in tourism, hospitality, infrastructure, and related industries that are poised to benefit from this event. Additionally, understanding the political and cultural significance of the Mela can provide deeper insights into market sentiments and potential policy directions.

Disclaimer: The stock analyses provided are for informational purposes only and should not be construed as financial advice. Investors are advised to conduct their own research or consult with a financial advisor before making investment decisions.

[pixelparkmedia]

How to start a hotel business in India ?

Starting a hotel business in India is an exciting venture, but it requires careful planning and execution. The hospitality industry in India is growing rapidly, thanks to an increase in tourism and business travel. If you’re interested in opening a hotel, here’s a step-by-step guide to help you get started.

1. Research the Market

Before starting, research the hotel industry in your chosen location. Understand the target audience, competitors, and demand for different types of hotels, such as budget, luxury, or boutique hotels. This research will help you decide the scale and type of your hotel.

2. Create a Business Plan

A solid business plan is essential. Include details about:

Your target audience: Who are your customers?

Location: Where will your hotel be located?

Budget: How much capital do you need to start and operate the hotel?

Revenue projections: How will you generate profit?

Marketing strategy: How will you attract customers?

This plan will serve as your roadmap and help you secure funding if needed.

3. Choose the Right Location

Location is key in the hotel business. Select a place that is easily accessible, close to tourist attractions, business hubs, or transit points like airports and railway stations. Ensure the land is suitable for construction and meets zoning regulations.

4. Register Your Business

You’ll need to register your hotel business as a legal entity. In India, you can register as:

Sole Proprietorship

Partnership

Private Limited Company

Limited Liability Partnership (LLP)

Choose the structure that fits your business goals and ensures compliance with legal requirements.

5. Get the Necessary Licenses and Permits

Starting a hotel requires various licenses, such as:

Trade license: From the local municipal authority.

FSSAI license: For food safety if you offer dining services.

Fire safety certificate: To ensure fire safety measures are in place.

GST registration: For tax compliance.

Pollution control clearance: From the State Pollution Control Board.

Shop and establishment registration: For labor law compliance.

Check local and state laws to ensure you meet all legal requirements.

6. Secure Funding

Starting a hotel requires significant investment. You can fund your hotel through:

Personal savings

Bank loans

Venture capital or angel investors

Government schemes, such as those offered by the Ministry of Tourism

Prepare a detailed financial plan to show potential investors or banks.

7. Design and Build Your Hotel

Hire architects and interior designers to create a hotel that aligns with your brand and target audience. Focus on key features like:

Comfortable and functional rooms

Attractive interiors and exteriors

Dining facilities, if applicable

Adequate parking space

Recreational areas like a gym or pool (if targeting luxury customers)

8. Hire Staff

Recruit skilled and professional staff to manage daily operations. Key positions include:

General manager

Front office staff

Housekeeping

Kitchen and restaurant staff

Maintenance and security

Offer regular training to ensure high-quality service.

9. Market Your Hotel

Use multiple channels to promote your hotel:

Online presence: Create a professional website and list your hotel on platforms like MakeMyTrip, Goibibo, and Booking.com.

Social media: Use platforms like Instagram and Facebook to showcase your facilities and special offers.

Collaborate: Partner with travel agencies and tour operators to bring in more guests.

Local advertising: Use flyers, banners, and local radio to promote your business.

Pro Tip: Use a reliable hosting service like Hostinger to build a fast and secure website. Use our referral code PPM2020 to get a 20% discount on hosting!

10. Focus on Customer Experience

Customer satisfaction is crucial for success. Provide excellent service, maintain cleanliness, and address guest concerns promptly. Encourage happy guests to leave positive reviews on travel websites to attract more customers.

Conclusion

Starting a hotel business in India is a rewarding endeavor, but it requires thorough planning, significant investment, and a strong focus on customer satisfaction. By following these steps, you can build a hotel that attracts guests and generates steady revenue.

If you need help designing a website for your hotel or managing digital marketing, Pixelpark Media is here to assist. Contact us to boost your online presence and attract more guests to your hotel! Don’t forget to use Hostinger for your hosting needs and enjoy a 20% discount with our referral code PPM2020.

[devikashah18]

Hotel Asset Management is a rapidly growing global concept, and ProMiller is at the forefront of this movement in India. As a leading hotel management company, we bring decades of operational, financial, and strategic expertise to the table. Hotel Asset Management, our flagship service, is complemented by our proficiency in Hotel Revenue Management, Strategic Advisory, Digital Marketing, Website Development, and SEO Services. Unlike many other hospitality management companies, ProMiller provides in-house solutions across all departments, ensuring seamless operations and eliminating coordination delays. This comprehensive approach makes us one of the most preferred third-party hotel management companies in India.

[siarahotels]

Boost your hotel’s profitability with Siara Hotels’ top-tier revenue management services in India. Our expert team employs advanced analytics and market insights to optimize your pricing strategies, ensuring maximum revenue and occupancy rates. 

[hotel-earnings]

Best Hotel Revenue Management in India - Hotel Earnings

Maximize your hotel’s revenue with Hotel Earning, the best hotel revenue management in India. We specialize in dynamic pricing, occupancy optimization, and performance tracking to boost your property’s growth. Our team manages all OTA platforms, monitors promotions, and delivers detailed revenue reports to keep you ahead of the competition. With years of expertise, we ensure your hotel achieves its full potential.

For more information visit : https://hotelearnings.com/services/best-hotel-revenue-online-reputation-management-company-india

[mmrhotels]

MMR Hotels' Hotel Revenue Management System optimizes pricing and inventory to maximize revenue. Utilizing advanced analytics and market data, it adjusts room rates in real-time to boost profitability. This system ensures efficient resource allocation, enhancing both customer satisfaction and financial performance for MMR Hotels.

[forblogmostly]

Eraaya Lifespaces Unveils Promising Business Outlook for EbixCash: A Strategic Leap Forward

On December 2, 2024, Eraaya Lifespaces Limited announced a promising business outlook for its Indian subsidiary, EbixCash, showcasing remarkable achievements and unveiling plans for sustained growth across diverse verticals. This announcement marks a significant chapter in Eraaya’s transformative journey as it broadens its horizons through innovation, acquisitions, and strategic expansion.

EbixCash, a leader in the financial exchange sector, reported stellar performance for the second quarter of the fiscal year 2024-25. According to T.C. Guruprasad, CEO and Managing Director of EbixCash Payment Solutions, the Foreign Exchange (FOREX) division alone generated a gross revenue of approximately ₹180 crore (USD 21.42 million), backed by an impressive Gross Merchandise Value (GMV) of ₹7,762 crore (USD 935 million). Overall, the company’s operations across all verticals yielded a gross revenue of ₹198 crore (USD 23.57 million), further solidifying its position in the market.

The FOREX vertical, in particular, has demonstrated steady growth, driven by the increasing demand for student remittances and corporate transactions. EbixCash also strengthened its banknotes segment by forging partnerships with new banking institutions and integrating luxury hotels into its network, bolstering its footprint in currency transactions.

Expanding Horizons with Innovation EbixCash’s travel segment, branded as Globetrotting Travel, continues to attract a diverse clientele, particularly students and leisure travelers. The introduction of the One World Globetrotting Travel Card has been a game-changer, allowing customers to make international purchases without cross-currency fees. This innovation not only enhances the customer experience but also gives EbixCash a competitive edge in the global travel market.

The company is actively expanding its operations to include two new international airports in Aurangabad and Surat while planning to establish branches in cities like Varanasi, Kolhapur, and Udaipur. By targeting deeper penetration into retail, corporate, and student markets, EbixCash aims to cement its leadership in these segments.

EbixCash’s payment solutions have also maintained dominance in inward remittance, serving as a critical partner for global players such as Western Union and MoneyGram. Its UPI services, introduced for Android users, are already facilitating seamless transactions for credit societies in Pune and are set to debut at airport counters to serve foreign nationals.

Eraaya’s Visionary Acquisition Strategy Eraaya Lifespaces has established itself as a pioneer in lifestyle and hospitality, blending luxury with cultural heritage. However, the company’s ambitions extend beyond its traditional domain. Earlier this year, Eraaya took a bold step by acquiring Ebix Inc. USA and its global subsidiaries following a successful bid managed by the U.S. Bankruptcy Court.

The acquisition, valued at USD 361 million (₹3,009 crore), involved a net cash payout of USD 151.577 million (₹1,274 crore). This move represents Eraaya’s strategic entry into new business fields, integrating EbixCash’s cutting-edge offerings into its portfolio. This expansion underscores Eraaya’s commitment to driving innovation and creating long-term value for its stakeholders.

A Global Powerhouse EbixCash operates at the nexus of technology, travel, and finance. Its platforms facilitate domestic and international remittance, forex, travel, prepaid and gift cards, utility payments, lending, and wealth management. With operations in 32 international airports across India, including hubs in Delhi, Mumbai, and Bangalore, EbixCash has emerged as a leader in the airport foreign exchange business, processing over $4.8 billion in gross transaction value annually.

Additionally, through its travel portfolio under Via and Mercury, EbixCash serves more than 500,000 agents and 18,000 corporate clients across Southeast Asia, processing an estimated $2.5 billion in GMV each year.

With a presence spanning continents, from Australia and Brazil to India and the US, EbixCash employs thousands of professionals, powering transactions worth over $100 billion annually in the insurance, financial, and healthcare sectors.

Eraaya Lifespaces: A Legacy of Excellence While venturing into diverse sectors, Eraaya Lifespaces continues to honor its legacy in hospitality and lifestyle. Known for curating memorable experiences rooted in luxury and heritage, the company is steadfast in its mission to deliver exceptional value across all endeavors.

Eraaya’s acquisition of EbixCash marks a pivotal moment in its evolution, reflecting a vision to transcend boundaries and embrace opportunities in a dynamic global market. By blending its traditional strengths with cutting-edge technological solutions, Eraaya is poised to redefine success and create a lasting impact in industries beyond its original scope.

As Eraaya Lifespaces embarks on this transformative journey, it remains committed to innovation, excellence, and the creation of value for its customers, investors, and partners alike.

[industrynewsupdates]

Buy Now Pay Later Market: Key Trends and Growth Opportunities

The global Buy Now Pay Later (BNPL) market was valued at USD 6.13 billion in 2022 and is projected to grow at an impressive compound annual growth rate (CAGR) of 26.1% from 2023 to 2030. This rapid expansion is driven by several factors, including the growing demand for flexible payment solutions and the increasing adoption of e-commerce.

In 2022, the total volume of BNPL transactions was estimated to exceed USD 200 billion, signaling a shift in consumer behavior toward more manageable and accessible payment methods. One of the key drivers behind the rise of BNPL is the growing consumer preference for flexible payment options. BNPL services allow customers to make purchases without the immediate financial burden of paying upfront. Instead, they can spread the cost of their purchases over a period, often in interest-free installments. This flexibility reduces the pressure of large, one-time payments and helps consumers manage their budgets more effectively, making BNPL an attractive option for many.

The explosion of e-commerce is another major factor fueling the growth of the BNPL market. As online shopping becomes more prevalent, consumers are increasingly looking for seamless, efficient, and secure payment methods. BNPL services integrate smoothly into the online checkout process, providing a hassle-free payment experience that encourages more spending. With BNPL options, shoppers can complete their transactions quickly without having to pay the full amount upfront, which has become an appealing feature for online shoppers.

Additionally, the adoption of digital wallets and the growth of online retail platforms have further accelerated the BNPL trend. As digital payment solutions become more integrated into the daily shopping experience, both consumers and merchants are seeing the benefits of BNPL services. For consumers, it offers convenience and financial flexibility, while for merchants, it helps drive higher sales volumes and repeat business by attracting customers who might otherwise be deterred by the upfront cost of large purchases.

Gather more insights about the market drivers, restrains and growth of the Buy Now Pay Later Market

Regional Insights

North America

North America dominated the global Buy Now Pay Later (BNPL) market in 2022, accounting for over 29.0% of the revenue share. The growth of the BNPL market in this region can be attributed to the presence of numerous major players in the sector, alongside a strong ecosystem of fintech companies. These companies are actively innovating and expanding their service offerings. One notable trend is the increasing number of partnerships between fintech firms and entertainment companies to offer BNPL services for booking travel and entertainment experiences. For example, in September 2021, Uplift, Inc., a prominent BNPL solution provider, partnered with SeaWorld Parks & Entertainment, Inc., an American theme park and entertainment company. Through this collaboration, Uplift enabled SeaWorld customers to use BNPL payment options for booking hotels at its theme parks in San Antonio, Orlando, and San Diego. This partnership highlights how BNPL is becoming integrated into various consumer industries beyond traditional retail, providing more opportunities for growth in the region.

Asia Pacific

Asia Pacific is anticipated to witness the fastest growth in the BNPL market, with a projected CAGR of 28.4% over the forecast period. The region's rapid population growth, coupled with a rising number of tech-savvy consumers, is driving the adoption of digital payment solutions and e-commerce platforms. In countries like China, India, and several Southeast Asian nations, the increasing availability of smartphones and internet connectivity has made BNPL services an appealing option for consumers engaging in online shopping. This adoption is supported by a diverse retail landscape, where established e-commerce giants and innovative startups are collaborating with BNPL providers to offer flexible payment methods to consumers. These partnerships are helping to expand the customer base of both BNPL providers and retailers, resulting in higher sales volumes and enhanced consumer satisfaction. As online shopping continues to thrive in the region, BNPL is expected to become an even more integral payment method, driving the market's expansion in Asia Pacific.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global digital transaction management market size was estimated at USD 15.26 billion in 2024 and is projected to grow at a CAGR of 26.3% from 2025 to 2030.

• The global intelligent document processing market size was estimated at USD 2.30 billion in 2024 and is projected to grow at a CAGR of 33.1% from 2025 to 2030.  

Key Companies & Market Share Insights

The BNPL market is moderately fragmented, with a range of companies offering various solutions to meet the diverse needs of consumers and merchants. As BNPL services become more widely adopted, they are gaining traction not just for online shopping but also for in-store purchases, expanding their footprint across multiple retail channels.

One of the most notable developments in the BNPL space came in March 2023, when Apple launched its new feature called Apple Pay Later, which adds BNPL capabilities to the Apple Pay digital wallet. This feature allows users to pay for online purchases in four equal installments over six weeks, with the first payment due at the time of purchase. Additionally, Apple Pay Later offers users the ability to apply for interest-free loans ranging from USD 50 to USD 1000, directly through the wallet app. This feature allows customers to shop both online and in-app without incurring fees, enhancing the user experience and providing greater financial flexibility. Apple’s move underscores the growing trend of big tech companies entering the BNPL market, offering more flexible payment options to consumers and reinforcing the growing shift toward digital wallets and seamless payment solutions.

The increasing popularity of the BNPL payment method is not limited to online shopping. It is also becoming an attractive option for customers making in-store purchases, as it allows them to spread the cost of purchases over time without paying interest. This is driving a shift in how both traditional retailers and e-commerce platforms approach payment options for customers. As a result, many merchants are now adopting BNPL solutions to provide customers with more purchasing flexibility, thereby enhancing customer satisfaction and fostering brand loyalty.

The adoption of BNPL by various e-commerce platforms is expected to continue to grow, contributing to the market's overall expansion. As more retailers offer BNPL as a payment option, it is anticipated that the global BNPL market will continue to experience robust growth, creating new opportunities for both BNPL providers and retailers.

Some prominent players in the global buy now pay later market include:

• Affirm, Inc.

• Klarna Inc.

• Splitit Payments, Ltd.

• Sezzle

• Perpay Inc.

• Zip Co, Ltd

• PayPal Holdings, Inc.

• AfterPay Limited

• Openpay

• LatitudePay Financial Services

• HSBC Group

Order a free sample PDF of the Buy Now Pay Later Market Intelligence Study, published by Grand View Research.

[shakshimalik]

Meghraj Singh Royal Highlights Reforms in the BOT Model for Road Infrastructure

The Build-Operate-Transfer (BOT) model has become a key player in public infrastructure development, offering a pathway for private companies to finance and manage major projects. This framework not only accelerates construction timelines but also transfers risks to private concessionaires, incentivizing them to leverage innovative solutions for project success.

Under the guidance of Meghraj Singh Royal, the MRS Group has expanded beyond its luxury hotel roots to become an influential name in road infrastructure. By engaging in BOT toll projects, the group demonstrates how private expertise can meet public needs. “The BOT model presents an exciting opportunity for private entities like us to leverage our project management skills to benefit the public while achieving sustainable returns,” says Royal.

The government’s recent amendments to the BOT project model, such as more regular revenue reassessments and improved force majeure compensation, have made it more attractive for private investors. This evolution is seen as a strategic shift aimed at addressing the financial and operational challenges faced in the past. Meghraj Singh Royal notes that these reforms are pivotal in making the BOT model a reliable avenue for both private participation and public infrastructure success, ensuring projects are completed efficiently and meet public expectations.

Visit us:https://www.deccanchronicle.com/in-focus/meghraj-singh-royal-on-why-skill-development-is-key-for-indias-youth-success-1830718

[sun-crisp]

8 Essential Reasons to Optimize Your Hotel’s Booking Engine

In today’s competitive hospitality industry, having an efficient and well-optimized booking engine is essential for any hotel looking to attract and retain guests.

By streamlining the booking process, enhancing user experience, and reducing dependency on intermediaries, hotels can create a smooth and efficient experience for their customers. For any property or the best hotel management company in India, optimizing the booking engine is essential for achieving long-term growth and success.

1. Enhance User Experience and Streamlined Booking Process

An optimized booking engine enhances the user experience by providing guests with a straightforward and easy-to-navigate reservation system.

Whether your property is an independent hotel or a part of the **best hotel management company in India**, a smooth booking process encourages guests to book directly on your website. By reducing the number of steps involved in booking and offering a user-friendly design, you can significantly increase conversion rates and customer satisfaction.

2. Reduce Dependency on Third-Party Platforms

Relying heavily on third-party platforms or OTAs (Online Travel Agencies) can be costly due to commission fees that reduce your hotel’s revenue.

An optimized booking engine enables more direct bookings and gives your hotel better control over pricing, guest communication, and brand presentation. For the best hotel management company in India, maintaining direct bookings is essential as it helps retain customer loyalty, saves on commission costs, and provides a more personalized experience.

3. Personalized Guest Experiences

Today’s travelers expect a personalized experience tailored to their preferences, and an optimized booking engine enables your hotel to deliver just that.

Through features that track guest booking history and preferences, your hotel can offer personalized packages and room recommendations. For example, loyal guests can be offered exclusive discounts or customized services, whether it’s a first-time visitor or someone returning through the best hotel management company in India.

Personalization helps hotels drive higher guest satisfaction and brand loyalty while boosting revenue with relevant upsells.

4. Improved Data Collection and Analytics

A powerful booking engine provides comprehensive analytics on guest behavior, booking patterns, and seasonal trends, enabling data-driven decision-making.

These insights are invaluable for any property, including the best hotel management company in India, as they can help refine marketing efforts and pricing strategies. By monitoring conversion rates, abandonment trends, and the impact of specific campaigns, hotels can adjust offerings based on actual guest data, enhancing both operational efficiency and customer satisfaction.

5. Increase in Revenue Through Dynamic Pricing

Dynamic pricing is a modern approach to pricing that allows hotels to adjust room rates based on real-time demand, market trends, and occupancy levels.

An optimized booking engine integrated with dynamic pricing capabilities ensures that your hotel captures optimal revenue during peak times while offering attractive rates during off-peak periods. For the best hotel management company in India, this pricing strategy not only maximizes occupancy rates but also increases revenue potential by aligning rates with guest demand patterns.

6. Enhanced Mobile Optimization for On-the-Go Bookings

With more travelers booking stays via mobile devices, having a booking engine optimized for mobile responsiveness is essential. Mobile-friendly designs make it easy for guests to book on the go, ensuring a seamless experience regardless of the device used.

A mobile-optimized engine is especially beneficial for last-minute bookings, as it accommodates travelers making spontaneous decisions. For the best hotel management company in India, a mobile-responsive booking engine attracts tech-savvy travelers and increases the chances of last-minute direct bookings.

7. Strengthen Your Brand and Improve Customer Loyalty

Direct bookings through an optimized booking engine allow hotels to present their brand experience without interference from third-party platforms, reinforcing brand loyalty and recognition.

When guests book directly, they encounter a more cohesive and branded experience, which builds trust and loyalty. This benefit is crucial for the best hotel management company in India, as maintaining a positive brand image and direct relationships with guests enhances long-term loyalty and generates repeat business.

8. Automated Communication and Guest Management

An optimized booking engine often includes automated communication features that help maintain consistent and timely communication with guests. From confirmation emails to check-in reminders and post-stay feedback requests, automation ensures that guests feel cared for and valued at every step.

This automation is advantageous for the best hotel management company in India, as it minimizes manual workload while delivering a consistent and high-quality experience that guests appreciate.

By optimizing your hotel’s booking engine, you’re investing in an essential tool that increases direct bookings, improves guest satisfaction, and enhances your property’s overall efficiency. For hotels, or for those managed by the best hotel management company in India, this optimization is indispensable in building a successful hospitality business.