Latest news with #KTDC
Time of India
01-07-2025
- Business
- Time of India
KTDC plans Kochi marina renovation
Kochi: Kerala Tourism Development Corporation (KTDC) is planning to renovate Kochi International Marina on Bolgatty Island. While the govt is understood to have given administrative sanction for the Rs 2.5 crore project, KTDC is yet to receive a formal communication. KTDC had set up Kochi Marina as a berthing facility for yachts in 2010. Services such as filling fuel, water supply and waste removal for boats are available at the facility. The marina was initially established to anchor 34 boats. Being adjacent to an international sea route, several vessels initially utilised these services. However, due to lack of maintenance, the number of vessels visiting the marina eventually came down. The recommendation for the marina renovation project was submitted by the deputy director of tourism to the working group for departmental projects for the year 2025–26. The working group meeting held on May 31 approved the project. "It is understood that the govt has given administrative sanction for the project. But we are yet to get a formal communication in this regard," said an official with KTDC. The renovation plan includes repair work worth Rs 2 crore and installation of a CCTV camera network. In Nov 2024, minor repair works were carried out at the marina ahead of the trial flight for Kochi–Mattupetty seaplane project. KTDC's renovation plan is expected to boost the seaplane project as well. TNN Get the latest lifestyle updates on Times of India, along with Doctor's Day 2025 , messages and quotes!
Economic Times
17-06-2025
- Business
- Economic Times
Stayflexi onboards Kerala Tourism (KTDC), setting new standards in hospitality tech with AI-powered innovation
In a significant leap for Indian tourism and hospitality tech, Stayflexi, the fast-growing all-in-one property management platform, has announced its partnership with the Kerala Tourism Development Corporation (KTDC), onboarding over 30 of its iconic properties across the state. This move signals a broader shift among state tourism departments embracing innovation—outpacing legacy hotel brands still tethered to clunky and outdated software latest partnership positions Stayflexi as the platform of choice for tourism boards looking to modernise operations, streamline distribution, and drive revenue growth through intelligent automation. After successfully empowering MTDC (Maharashtra Tourism Development Corporation), Stayflexi's onboarding of KTDC solidifies its leadership as a transformative force in government-run globally acclaimed for its lush backwaters, serene beaches, and heritage-rich hill stations, has long attracted travellers seeking tranquillity and cultural richness. KTDC's properties—from beach resorts to hill station retreats—are gateways to these experiences. With Stayflexi's cutting-edge AI technology, KTDC is now poised to redefine guest experiences while achieving operational excellence."Our AI-powered distribution and revenue management will set a new benchmark in the hospitality tech industry," said Preetam Mohan Shetty, CTO at Stayflexi. 'We appreciate KTDC for recognising the importance of innovative and emerging platforms like Stayflexi to stay ahead of the game.'The platform offers seamless channel management, dynamic pricing powered by competitor intelligence, real-time sync with over 100 OTAs, and a robust analytics engine—all from a single dashboard. Properties can now make data-driven decisions in real-time, enabling smarter rate adjustments and optimal inventory Venkatesh Sakamuri, CEO of Stayflexi, this partnership is deeply personal. 'Kerala tourism is close to our heart. I saw KTDC's ad at the San Francisco Airport many years ago. I had a wild thought that we should partner with KTDC one day, and that day has finally arrived. We are incredibly proud and excited,' he heartfelt connection is emblematic of Stayflexi's mission—not just to digitise hospitality, but to elevate the travel ecosystem through thoughtful and user-centric striking in this evolution is how state tourism departments such as KTDC and MTDC are outpacing private hotel chains in tech adoption. Despite their vast scale and brand recognition, large hotel groups remain hindered by outdated, fragmented systems. Stayflexi's swift onboarding process—going live in under two days—is a testament to how modern, agile platforms can drive faster innovation with lower friction.'After empowering India's largest property by inventory and operations, the Isha Foundation, we were super confident about empowering KTDC and its future success. We are grateful for the opportunity,' said Krishna Sasank Talasila, CIO of is not just a PMS; it's a comprehensive platform that brings together booking engines, revenue management, POS systems, guest messaging, reviews management, housekeeping, stock tracking, and expense management under one unified interface. With intelligent automation, properties can offer self-check-in, upsell add-ons like room upgrades, and even use AI to respond to guest reviews and messages across platforms like and properties are now empowered with real-time insights through city demand analytics and competitor price tracking. This enables precision-based revenue strategies, which are critical in today's highly dynamic travel market.A standout feature is Stayflexi's 'MagicLink,' which radically enhances the guest journey. From self-check-in to ordering in-room dining via QR code, the platform reduces dependency on staff while maximising convenience and upsell AI-backed innovation also brings KTDC's heritage properties into the fold of global competition, levelling the digital playing model thrives on strong partnerships—its 30% recurring revenue share with partners and zero-investment onboarding strategy has already helped hundreds of properties switch platforms. The KTDC deal highlights the trust placed in Stayflexi's reliability and innovation by public sector tourism other tourism departments eye similar modernisation, Stayflexi's partnerships with MTDC and KTDC set a powerful precedent. It's no longer a question of if—it's when other states will follow by Y Combinator, Headquartered in San Francisco with a strong presence in Bengaluru, Stayflexi was born out of a vision to unify fragmented hospitality solo boutique hotels to vast government chains, Stayflexi's easy-to-use, highly scalable platform is helping redefine what's possible in hospitality management.
Time of India
17-06-2025
- Business
- Time of India
Stayflexi onboards Kerala Tourism (KTDC), setting new standards in hospitality tech with AI-powered innovation
In a significant leap for Indian tourism and hospitality tech, Stayflexi, the fast-growing all-in-one property management platform, has announced its partnership with the Kerala Tourism Development Corporation (KTDC), onboarding over 30 of its iconic properties across the state. This move signals a broader shift among state tourism departments embracing innovation—outpacing legacy hotel brands still tethered to clunky and outdated software latest partnership positions Stayflexi as the platform of choice for tourism boards looking to modernise operations, streamline distribution, and drive revenue growth through intelligent automation. After successfully empowering MTDC (Maharashtra Tourism Development Corporation), Stayflexi's onboarding of KTDC solidifies its leadership as a transformative force in government-run globally acclaimed for its lush backwaters, serene beaches, and heritage-rich hill stations, has long attracted travellers seeking tranquillity and cultural richness. KTDC's properties—from beach resorts to hill station retreats—are gateways to these experiences. With Stayflexi's cutting-edge AI technology, KTDC is now poised to redefine guest experiences while achieving operational excellence."Our AI-powered distribution and revenue management will set a new benchmark in the hospitality tech industry," said Preetam Mohan Shetty, CTO at Stayflexi. 'We appreciate KTDC for recognising the importance of innovative and emerging platforms like Stayflexi to stay ahead of the game.'The platform offers seamless channel management, dynamic pricing powered by competitor intelligence, real-time sync with over 100 OTAs, and a robust analytics engine—all from a single dashboard. Properties can now make data-driven decisions in real-time, enabling smarter rate adjustments and optimal inventory Venkatesh Sakamuri, CEO of Stayflexi, this partnership is deeply personal. 'Kerala tourism is close to our heart. I saw KTDC's ad at the San Francisco Airport many years ago. I had a wild thought that we should partner with KTDC one day, and that day has finally arrived. We are incredibly proud and excited,' he heartfelt connection is emblematic of Stayflexi's mission—not just to digitise hospitality, but to elevate the travel ecosystem through thoughtful and user-centric striking in this evolution is how state tourism departments such as KTDC and MTDC are outpacing private hotel chains in tech adoption. Despite their vast scale and brand recognition, large hotel groups remain hindered by outdated, fragmented systems. Stayflexi's swift onboarding process—going live in under two days—is a testament to how modern, agile platforms can drive faster innovation with lower friction.'After empowering India's largest property by inventory and operations, the Isha Foundation, we were super confident about empowering KTDC and its future success. We are grateful for the opportunity,' said Krishna Sasank Talasila, CIO of is not just a PMS; it's a comprehensive platform that brings together booking engines, revenue management, POS systems, guest messaging, reviews management, housekeeping, stock tracking, and expense management under one unified interface. With intelligent automation, properties can offer self-check-in, upsell add-ons like room upgrades, and even use AI to respond to guest reviews and messages across platforms like and properties are now empowered with real-time insights through city demand analytics and competitor price tracking. This enables precision-based revenue strategies, which are critical in today's highly dynamic travel market.A standout feature is Stayflexi's 'MagicLink,' which radically enhances the guest journey. From self-check-in to ordering in-room dining via QR code, the platform reduces dependency on staff while maximising convenience and upsell AI-backed innovation also brings KTDC's heritage properties into the fold of global competition, levelling the digital playing model thrives on strong partnerships—its 30% recurring revenue share with partners and zero-investment onboarding strategy has already helped hundreds of properties switch platforms. The KTDC deal highlights the trust placed in Stayflexi's reliability and innovation by public sector tourism other tourism departments eye similar modernisation, Stayflexi's partnerships with MTDC and KTDC set a powerful precedent. It's no longer a question of if—it's when other states will follow by Y Combinator, Headquartered in San Francisco with a strong presence in Bengaluru, Stayflexi was born out of a vision to unify fragmented hospitality solo boutique hotels to vast government chains, Stayflexi's easy-to-use, highly scalable platform is helping redefine what's possible in hospitality management.
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Business Standard
28-05-2025
- Business
- Business Standard
IRCTC Q4 results: Net profit rises 26% to ₹358 crore, revenue up 10%
Net profit of Indian Railway Catering and Tourism Corporation Limited (IRCTC) increased by 26.1 per cent year-on-year (YoY) to ₹358 crore in the fourth quarter of financial year 2024-25. It had reported a profit of ₹284 crore in the same quarter last year. The revenue from operations rose 10 per cent YoY to ₹1,268 crore in Q4 FY25, up from ₹1,151 crore in the corresponding quarter of the previous financial year. The company has recommended a final dividend of ₹1 per equity share with a face value of ₹2 each, representing 50 per cent of the paid-up share capital, for the financial year 2024-25. Expenses rose 11 per cent YoY to ₹903 crore in Q4 FY25, compared to ₹810 crore in the same quarter last year. The company's total income increased 10 per cent YoY to ₹4,903 crore in FY25, compared to ₹4,424 crore in the previous financial year. For the current financial year 2024-25, exceptional items resulted in a net income of ₹47.89 crore. This includes ₹2.21 crore from the reversal of RU, stabling, and other charges waived by KTDC on the Golden Chariot train for the financial years 2022-23 and 2023-24, ₹39.88 crore from the one-time reconciliation of legacy balances, and ₹5.80 crore from the write-back of excess provisions made in previous years for various expenses. As of March 31, 2025, IRCTC's trade receivables include ₹672.43 crore due from railways and government bodies (compared to ₹1,296.18 crore as of March 31, 2024). Out of these dues from railways, ₹120.77 crore has been outstanding for over three years, which includes ₹35.80 crore in default.
