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Peden Doma Bhutia

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Trip.com Group Faces $770 Million Antitrust Penalty, Alters China Business Strategy and Hotel Distribution Model

📈 Trip.com Group faces a $770 million antitrust penalty, impacting its China business strategy by altering hotel distribution and ranking on its platform. The company incurred a RMB 2.4 billion ($358m) loss in Q2, contrasting sharply with a RMB 4.9 billion ($730m) profit the previous year. CFO Xiaofan Wang noted potential short-term volatility as partners adapt to a new model. The penalty is largely seen as a one-time regulatory hit.
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Accor Seeks New Partnerships in India After Failed Deal with Treebo for Ibis and Mercure Expansion

🏨 Accor's expansion plan in India is under review after a failed partnership with Treebo Hospitality Ventures. The French hotel group, led by CEO Duncan O’Rourke, aims to boost its presence, offering Ibis and Mercure brands access to smaller Indian cities. Despite the setback, Accor remains open to new partnerships in India and globally, showing a continued commitment to growth and acquisitions.
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Wyndham Hotels Targets Indian Travelers with India-Themed Events in Greece Amid New Direct Flights

🗺 In 2026, Wyndham Hotels & Resorts is hosting India-themed evenings in its Greece properties to attract Indian travelers. New direct flights from India to Greece started with IndiGo's Mumbai-Athens and Delhi-Athens routes in January, followed by Aegean's New Delhi service in March and Mumbai in May. This increased connectivity signals a rise in Indian hotel demand abroad, and Wyndham aims to capitalize on this by strategically placing hotels to match travel routes.
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Delhi Hotel Rates Surge 124% to 323% for BRICS Summit; Hyatt Regency Prices Increase by 325%

🏨 Hotel rates in Delhi are skyrocketing ahead of the BRICS Summit on September 12-13. Central Delhi hotels are increasing prices by 124% to 323%. At Hyatt Regency New Delhi, rooms cost INR 83,500 ($884) per night, a 325% rise from the following weekend's INR 19,500 ($206). With taxes, this reaches $1,080. Key luxury hotels near Bharat Mandapam, the summit venue, are nearly sold out, as reported by Gaurav Sharma, JLL's managing director for hotels in India.
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Prism's Revenue Surges 50% to $980 Million as It Prepares for India's IPO to Raise $692 Million

💰 Prism is set to go public in India, targeting INR 6.6 billion ($692 million). Revenue rose 50% to INR 94 billion ($980 million), EBITDA doubled to INR 26 billion ($272 million), and profit after tax hit INR 10 billion ($105 million). Gross booking value climbed 88.5% to INR 307 billion ($3.2 billion). Motel 6 now represents half of the group's gross booking value, with India evolving into a key tech and operations hub.
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Marriott CEO Anthony Capuano Highlights India's Tourism Awareness Challenge Amidst 9.4% Decline in Foreign Arrivals

🌍 Marriott CEO Anthony Capuano highlighted India's tourism potential at the World Leaders Forum in India last week. He noted that 70% of Marriott's demand in India is domestic, with international tourists mostly aware of only a few cities. In 2025, foreign tourist arrivals dropped by 9.4% to approximately 9 million, representing just 1.4% of global arrivals. Capuano urged public-private partnerships to improve India's global tourism narrative amidst reduced international marketing.
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