Industry landscapes
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE DELHI EDITION 2026

Delhi’s
travel and hospitality industry,
in focus.

The companies, capital and talent shaping travel and hospitality in Delhi. Find the leaders. Understand the segments. See where the activity is.

Snapshot: Funding in USD
Illustrated cover for Travel and Hospitality Industry Landscape of Delhi
IN
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Travel and Hospitality illustration
MEET THE COMPANIES

Explore Delhi’s travel and hospitality leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

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Travel and Hospitality company highlights in Delhi, snapshot 1 September 2026
Company
Vistaraairvistara.com$273M—2,717—
Lemon Tree Hotelslemontreehotels.com$128.72M—1,001—
Blue Coast Hotelsbluecoast.in$83M—428—
Bloomstaybloom.com$65.24M—1,530$35.98MFYFY2025 filing
Hans Hotelshanshotels.com$5M——$4MFYFY2025 filing
Wandererswanderers.in$2M———
Luxurious Travel Shopluxurioustravelshop.com$203.37K———
Sakha Consulting Wingssakhaconsultingwings.com$93.94K—34—
Hyatt regencyregency.hyatt.com—13 roles2,388—
Affinity Travelsaffinitytravels.in—6 roles——
Total Holiday Optionstotalholidayoptions.in—6 roles30—
Madpackersmadpackers.com—5 roles41—
Crimson Hotelscrimsonhotels.in—4 roles——
Exl Indiaexlindia.com—4 roles25—
Vandana Aircraft Servicesvandanaaircraftservices.com—4 roles——
Namaste India Tripnamasteindiatrip.com—3 roles——
Air Indiaairindia.com——20Financial figure available in RadarView in Radar
Delhi International Airportnewdelhiairport.in——1,750Financial figure available in RadarView in Radar
Delhi Metro Rail Corporationdelhimetrorail.com——14,269$768.04MFYFY2025 filing
EIHeihltd.com——2,326Financial figure available in RadarView in Radar
GMR Hyderabad International Airporthyderabad.aero——375—
India Tourism Development Corporationtheashokgroup.com——513Financial figure available in RadarView in Radar
Oberoi Hotelsoberoihotels.com——1,001$251.15MFYFY2025 filing
The Park Hotels——1,341Financial figure available in RadarView in Radar
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Travel and Hospitality industry KPIs in Delhi

A few useful ratios bring the size of this ecosystem into perspective.

1 September 2026
Hiring participation6.9%

46 of 667 tracked companies have open roles.

Funding participation1.6%

11 of 667 tracked companies have a recorded round.

Top 3 funding share87.0%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$4.98M

Midpoint of 9 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 87.0% of disclosed capital, while 98.4% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Delhi travel and hospitality has grown

Recorded company formation and disclosed funding across the complete annual series shown.

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2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Delhi travel and hospitality
$0$86.77M$173.53M$260.3M$347.07M2016: $256.28K20162017: $020172018: $304.45M20182019: $020192020: $020202021: $020212022: $2M20222023: $5M20232024: $4.98M20242025: $02025
View the numbers
Annual travel and hospitality funding and company formation in Delhi
YearFunding (USD)FoundedRaising
2016$256.28K292
2017$0210
2018$304.45M282
2019$0340
2020$0340
2021$0310
2022$2M311
2023$5M271
2024$4.98M181
2025$030
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Vistara49.0%
  • Lemon Tree Hotels23.1%
  • Blue Coast Hotels14.9%
  • Other companies13.0%

Funding by stage

12 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel5 41.7%
Series A–B4 33.3%
Series C+ / PE1 8.3%
Grants, debt & other2 16.7%

Recent recorded rounds

Latest recorded rounds · USD
0 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Annual accounts for reporting companies linked to this landscape, on like-for-like currency and reporting bases.

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₹ crore · standalone

Display conversions use the dated reference rates above. Where a verified rate is unavailable, figures retain their source currency. Each reporting cohort keeps its currency and accounting basis separate.

FY2025 · annual statements grouped by reported fiscal year; exact entity periods remain on preview rows · 146 reporting entities from 195 eligible matches.

Revenue in covered accounts₹80,148.3 crore

Sum of reporting-entity revenue; not Delhi market sales.

Net profit / loss₹-4,200.8 crore

Combined result for the same cohort.

Aggregate net margin-5.2%

Combined net income ÷ combined revenue.

Median company revenue₹10.1 crore

The middle covered reporting entity.

Profitable entities+76.7%

112 of 146 covered entities.

Top-five concentration+91.3%

Share of covered revenue from the five largest entities.

Annual account trend

Reported cohort totals by year; coverage is stated for every period.

Bar height shows revenue. Changes in coverage can affect totals.

Profitability has two perspectives

FY2025 · 146 reporting entities

Open the company accounts

Up to eight fixed company previews show financial amounts. Search and sort the wider company list, then continue in Radar.

146 reporting entities
Continue your financial research in Radar

Explore full company accounts and filings.

View financials in Radar ↗
DELHI · INDUSTRY COHORTS

How does travel and hospitality compare?

Each pair uses the same year, currency and reporting basis. Cohort overlap is disclosed.

IndustryCovered / eligibleRevenue totalMedian revenueNet profit / lossAggregate marginProfitable shareOverlap

Available-account cohorts are not estimates of whole industries. Overlapping entities can occur in more than one cohort; do not add cohort totals.

Coverage, calculations & financial sources

Filed annual accounts for exact designated national identifiers. Every aggregate and peer pair uses one fiscal year, source currency and reporting basis; periods, coverage and overlap are explicit; 2026 partials are excluded.

The same up to eight reporting entities remain open across years, filters and sorts. Other company figures are available in Radar.

Source currencies and accounting bases stay separate. Missing accounts are excluded rather than treated as zero. Exact reporting periods appear on company previews. Annual totals can change with coverage and do not measure growth of a fixed company cohort.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Delhi companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

8 of the 667 companies on this page carry a measured traffic record (1.2%); these are the largest of those, by monthly visits. The median among them is 216,179 visits.

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

28 of these companies (4.2%) publish at least one Android app — 41 apps in all, carrying 12.3M installs between them.

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q1–2026Q1).

SegmentAppsInstallsLeading appRelease trend
Passenger Airlines28.6MAir India: Book Flight Tickets 8.6M
Passenger Rail Operators41.8MDMRC Rydr 1.7M
Bus Operators21.1MGurugaman 652.7K
Car Rentals9387.8KTaxi Sanchalak 336.1K
Airport Operators4217.6KAirSewa 212.5K
Hotels363.3KNSN HOTELS: Hotel Booking App 34.9K
Tour Operators328.9KWalk Into The Wild 17K
Travel Agencies1028.7KITDC 10K

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2022Q4: 12022Q4: 02022Q42023Q1: 12023Q1: 02023Q12023Q3: 22023Q3: 02023Q32024Q2: 22024Q2: 02024Q22024Q3: 12024Q3: 02024Q32024Q4: 22024Q4: 12024Q42025Q1: 12025Q1: 12025Q12025Q2: 22025Q2: 32025Q22025Q4: 12025Q4: 122025Q42026Q1: 22026Q1: 102026Q1

Darker bars are new releases, lighter bars apps updated. 25 of 41 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Delhi travel and hospitality market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Segment data unavailable0

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Segment data unavailable

The largest measured segment in this report snapshot.

0companies
0%have hiring activity

0 companies hiring · $0 disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

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Recent corporate headlines 10 dated reports
Mergers & acquisitionseihltd.com ↗

Egypt’s first listed special purpose acquisition company, Catalyst Partners Middle East (CPME), has launched due diligence to fully acquire precious metals investment and consulting firm EIH, also known as Evolve Holding, through a share swap, CPME CEO Abdelaziz Abdel Nabi told Zawya.

Mergers & acquisitionstranscorpint.com ↗

GDI completed the acquisition of a 100% equity stake in Transcorp for an agreed purchase price of SAR230 million ($61.2 million), said Sisco Holding in its bourse filing.

Mergers & acquisitionslemontreehotels.com ↗

Lemon Tree will merge two of its wholly owned subsidiaries, Carnation Hotels and Hamstede Living, into itself.

Funding roundscaptureatrip.com ↗

Capture A Trip has secured INR 75 lakh in funding from Shark Tank India judges to expand its curated travel experiences for young and first-time travelers.

Mergers & acquisitionsairindia.com ↗

The merger of the two airlines was completed on November 12

Funding roundsnewdelhiairport.in ↗

Delhi International Airport (DIAL), a joint venture between GMR Airports and the Airport Authority of India, is also likely to raise ₹1,000 crore through the sale of 15-year bonds.

Mergers & acquisitionshyderabad.aero ↗

GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR Airports Limited, has acquired a 70% stake in ESR GMR Logistics Park Private Limited (EGLPPL), thereby assuming full ownership of the company.

Mergers & acquisitionsairvistara.com ↗

Tata Group, which announced its plans to consolidate its airline business under one platform in 2022, completed the merger of Vistara with Air India, on November 12, 2024.

Contractsnhidcl.com ↗

Brahmaputra Infrastructure Limited has been declared L-1 for a Rs. 25.78 crore short-term road maintenance contract on the Pailapool–Hangrum corridor in Assam, awarded by NHIDCL under the Ministry of Road Transport and Highways.

Contractsnimbusgroup.net ↗

Nimbus Group has procured advanced boom placers from Schwing Stetter for its flagship residential project Nimbus The Arista Luxe located along the Noida Expressway.

Full recorded event mix

Top 10 categories among 912 recorded events in the 24-month window.

Company announcements
561
Earnings
106
Contracts
62
Leadership moves
51
Asset acquisitions
36
Mergers & acquisitions
34
Regulatory
26
Funding rounds
11
Capital infusions
7
Lawsuit
5
7 activity cards

Swipe or scroll horizontally to browse.

Leadership moves

19 tracked people moves

Air India ↗
Chief Executive Campbell Wilson

Resignation Previously Chief Executive Officer

Air India ↗
Nipun Aggarwal

Appointment Commercial Head

Air India ↗
Na

Appointment Chief Executive Officer

Vistara ↗
Vinod Kannan

Promotion Chief Executive Officer

Neelendra Singh

Appointment Managing Director

Kapil Sharma

Appointment Executive Director and Chief Financial Officer

Patanjali Govind Keswani

Appointment Executive Director and Chairman

Workforce actions

1 companies with reported reductions

Air India ↗

3 rolessafety lapses

Regulatory events

41 recorded events

approved for acquisitionCompetition Commission of India

approved internal restructuringCompetition Commission of India

Air India ↗

approved for flight operationsrelevant regulatory authorities

Air India ↗

fined for operating aircraft without valid airworthiness licenseDirectorate General of Civil Aviation (DGCA)

Litigation

5 tracked suits

Company
dial v Delhi International Airport, GMR Group entities

stay of eviction orderCivil · Verdict

Company
onkar infotech v Delhi International Airport, other GMR Group companies

lease termination and property possession disputeCivil · Verdict

Earnings pulse

Reported company results in the recorded window.

13companies
104period observations
15.8%median reported growth

Median across 65 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
indigo→Air India ↗Rumored2026-06-30Not stated in snapshot
Tata Group of Extension→Air India ↗Completed2026-06-19Not stated in snapshot
Catalyst Partners Middle East (CPME)→EIH ↗Announced2026-04-30Not stated in snapshot
Air India→Vistara ↗Completed2026-04-11Not stated in snapshot
Green Dome Investments→Transcorp ↗Completed2026-02-16Not stated in snapshot
Transcorp→nitelCompleted2026-02-10$500.0M

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

95 postings in the preceding 12 months. The full 107-posting snapshot covers 84 employers.

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Most advertised job titles

Head Strategy Hospitality Industry Iit/Iim/Isb2
Sales And Marketing Manager Hospitality2
Guest Service Associate2
Gallery Sales & Operations Manager1
Founders Office Market Research, Strategy & R&D1
Analyst/Consultant/Manager Hospitality Consulting1
0 internship postings

3 tracked postings mention remote work.

The seniority mix

44 postings specify a level.

unspecified
63
manager
28
lead
8
senior
6
entry
1
intern
1

Skills employers mention

Top skills across 107 tracked postings in the available jobs snapshot.

Hospitality
74
Customer Service
33
Communication
22
Sales
20
Communication Skills
13
Negotiation
8
Event Management
7
Business Development
7
Travel
7
Interpersonal Skills
7
THE PEOPLE BUILDING THE FIELD

Founders and leaders

235 founders and chief executives across 197 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

17 profiles with education records.

University of Delhi
2
University of Oxford
1
IIT Delhi
1
University of Pennsylvania
1
University of Bristol
1
University of California (Berkeley)
1
London School of Economics and Political Science
1
University of California (Los Angeles)
1

Prior employers

2 profiles with prior-work records.

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

113,563 articles in the measured 12-month window.

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113,563articles in the measured year
28,323articles in 2026Q1
57.1%positive tone in the latest complete year

News volume trends

Travel and Hospitality coverage tagged Delhi · articles per complete quarter

09,61719,23328,85038,4662021Q2: 22,2852021Q22021Q3: 17,8582021Q4: 16,8502022Q1: 19,2022022Q2: 23,3502022Q22022Q3: 26,5352022Q4: 25,4002023Q1: 33,4492023Q2: 27,5752023Q22023Q3: 26,6092023Q4: 24,4162024Q1: 24,4552024Q2: 25,4612024Q22024Q3: 26,8892024Q4: 29,3762025Q1: 33,1672025Q2: 23,5162025Q22025Q3: 30,5402025Q4: 29,0922026Q1: 28,3232026Q1
View quarterly article counts
QuarterArticles
2021Q222,285
2021Q317,858
2021Q416,850
2022Q119,202
2022Q223,350
2022Q326,535
2022Q425,400
2023Q133,449
2023Q227,575
2023Q326,609
2023Q424,416
2024Q124,455
2024Q225,461
2024Q326,889
2024Q429,376
2025Q133,167
2025Q223,516
2025Q330,540
2025Q429,092
2026Q128,323

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
29,067 positive · 1,438 neutral · 30,317 negative
2022
47,016 positive · 2,785 neutral · 44,540 negative
2023
59,176 positive · 3,063 neutral · 49,648 negative
2024
58,797 positive · 2,705 neutral · 44,499 negative
2025
66,329 positive · 2,536 neutral · 47,218 negative

Leading coverage topics

Travel and Hospitality coverage tagged Delhi · ranked by full-period article count.

Geopolitical Disputes And Contested Areas300,692 articles in the full recorded period
108,120 recent · 81,399 prior
International And Transnational Geographic Entities300,672 articles in the full recorded period
108,111 recent · 81,398 prior
Administrative And Political Subdivisions300,616 articles in the full recorded period
108,088 recent · 81,387 prior
International Sports Competitions114,481 articles in the full recorded period
27,919 recent · 27,446 prior
International Political Relations73,819 articles in the full recorded period
23,133 recent · 15,446 prior
New Product Launches And Innovations60,478 articles in the full recorded period
18,129 recent · 14,084 prior
Political Party Dynamics57,171 articles in the full recorded period
12,172 recent · 11,741 prior
Cricket Test Matches56,681 articles in the full recorded period
13,678 recent · 12,253 prior
Strategic Partnerships And Collaborations52,404 articles in the full recorded period
16,086 recent · 11,921 prior
Trade Policies And Agreements47,093 articles in the full recorded period
22,867 recent · 11,782 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

India comparison coverage

KeywordRecentPriorChange
tariff negotiations11,6435,726103%
bilateral trade4,6142,44789%
trade dispute mechanisms4,5212,217104%
trade barrier reduction4,4972,45383%
trade facilitation commitments4,3322,20397%
countries4,1931,860125%
free trade deals4,0822,44767%
multilateral diplomacy3,9312,72944%
diplomatic strategies3,8452,36263%
bilateral trade imbalance3,2812,06159%
odi cricket6,1399,974-38%
limited overs cricket5,8899,671-39%
odi tactics5,7449,114-37%
odi series5,3468,641-38%
odi rankings5,1028,341-39%

Event and signal lenses

India comparison coverage

All complete annual cohorts shown
Rising

Regulatory Risk

1,942,357 classified articles

territories, disputed islands, test cricket

43.1% critical · 27.6% positive
Rising

Funding Momentum

260,144 classified articles

pre-ipo valuation, ipo prospectus, ipo pricing

48.3% critical · 45.8% positive
Rising

Growth

539,936 classified articles

gdp growth rate, economic output growth, economic growth statistics

46.7% critical · 50.4% positive

Travel and Hospitality coverage tagged Delhi. Topic labels describe recorded classifications and can include broad context.

UNDERSTAND THE LANDSCAPE

Travel and Hospitality in Delhi: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

Company ecosystem snapshot: 1 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon