Skip to content

Search

Latest Stories

Modi wins election, party falls short of mandate

The BJP secured 240 seats, while the National Democratic Alliance's total is around 292

Modi wins election, party falls short of mandate

INDIAN PRIME MINISTER Narendra Modi declared victory as his coalition secured more than half of the parliamentary seats, setting him on course for a third consecutive term — the first in over 60 years.

This follows a six-week-long election in which nearly 1 billion people were eligible to vote.


"The National Democratic Alliance is going to form the government for the third time," Modi said in a speech at the Bharatiya Janata Party headquarters in New Delhi. "We are grateful to the people. This is a victory for the world's largest democracy."

However, BJP's celebrations seem relatively muted.

ENEWS 05 06 24 Modi Election Mandate Pic India's 2024 general election, the world's largest democratic exercise, with over 969 million registered voters, came to an end after being held in seven separate phases, covering the entire country from the Himalayas to the Indian Ocean, with an estimated 15 million polling staff and security personnel. The election cost $14.4 billion, making it the world's most expensive. The election has been a test for Prime Minister Narendra Modi's Bharatiya Janata Party, which has traded on its Hindu-majoritarian credentials in an effort to win a bigger share of the national vote. (Photo by Elke Scholiers/Getty Images)

Modi's alliance had set a bullish target of winning 400 out of 543 parliamentary seats. While the BJP secured 240 seats, the NDA alliance's total is approximately 292, according to India’s election commission. The I.N.D.I.A coalition of opposition parties picked up 234 seats, defying exit polls that predicted a much lower tally.

India’s stock market plunged to a four-year low on news that the governing alliance was winning by a narrower margin than expected, potentially making it harder to pass legislation.

The Indian prime minister received a warm welcome from the American diaspora community during his state visit from June 21 to 23, 2023, strengthening bilateral relations between India and the U.S.

Modi commended the significant contributions of Indian Americans to their host nation and the India-U.S. relationship during a state dinner hosted by President Joe Biden and First Lady Jill Biden.

More for you

AHLA members meet with U.S. lawmakers to discuss key hospitality legislation impacting hotel owners and workers

AHLA shares priorities with lawmakers

AHLA Members Unite on Capitol Hill to Advance Hospitality Legislation

MORE THAN 250 American Hotel & Lodging Association members met with lawmakers in the U.S. Senate and House to discuss legislative priorities critical to the hospitality industry. They raised concerns about tax and trade policies impacting hotel operating costs and travel demand amid ongoing budget reconciliation and tax negotiations.

Members also discussed expanding and upskilling the hospitality workforce through measures such as adjusting the H-2B visa cap and protecting the franchise model, which supports more than half of all U.S. hotels and 2.8 million jobs, the association said in a statement.

Keep ReadingShow less
CBRE: US Hotel RevPAR to Grow 1.3 Percent in 2025

CBRE: RevPAR to grow 1.3 percent in 2025

U.S. HOTEL REVPAR is expected to grow 1.3 percent in 2025, supported by urban markets from group and business travel and increased demand for drive-to and regional leisure destinations, according to CBRE. Occupancy is forecast to rise 14 basis points and ADR 1.2 percent year-over-year.

This represents slower growth than CBRE’s February forecast, which projected 2 percent RevPAR growth based on a 21-basis-point increase in occupancy and a 1.6 percent rise in ADR, the commercial real estate and investment firm said.

Keep ReadingShow less
Palette Hotels to Transform DoubleTree by Hilton in Washington, PA

Palette to manage Washington, PA, DoubleTree

Palette’s Expertise in Hospitality Management

SUNRISE GOLD HOSPITALITY recently selected Palette Hotels to manage its 140-room DoubleTree by Hilton Washington Meadow Lands Casino Area in Washington, Pennsylvania. Palette will oversee renovations, including Hilton Connected Rooms technology upgrades, new signage, landscaping, building systems and updates to the lobby, guestrooms, bathrooms, meeting spaces, restaurant, bar and lounge.

Sunrise Gold Hospitality is led by owner Ramesh Pandya, and Palette Hotels by Founder and CEO Richard Lou.

Keep ReadingShow less