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Eclipse demand pushed some Spain and Iceland stays above $1,000 a night, while Iceland hotels cut prices sharply closer to Aug. 12. View More
Solar Eclipse on black sky backgroundArtmim | Istock | Getty Images Hotel and short-term rental prices surged to over $1,000 a night in parts of Europe where a solar eclipse will be visible.The solar eclipse, which will be visible in the U.K., Iceland, northern Spain, Greenland and Portugal on Aug. 12, drove a surge in travel demand across destinations, and hospitality businesses in the region are capitalizing on the opportunity.Some European cities in the path of the eclipse saw hotel and short-term rental prices surge, such as Iceland's capital Reykjavik and Spanish cities like A Coruña and Bilbao, according to data from commercial travel and hospitality firm Lighthouse Intelligence, obtained when checking prices in mid-July, around four weeks out from the event. In Reykjavik, hotel prices were on average $1,012 for a night during the week of the solar eclipse, double the rate for the same period in 2025, per Lighthouse. Meanwhile, short-term rentals averaged $1,172 a night during the week, 178% higher than the same time the previous year. In Bilbao, short-term rentals were $1,088 per night, up 206% from the same time last year. Hotel rooms were priced at $315 a night, up 35% on the previous year. Santiago de Compostela, which lies just outside the path of totality, was the cheapest destination at $193 per night for hotels, up 13% since last year, per Lighthouse data."Testing what the market can bear when it comes to pricing is a common practice by hoteliers in the face of 'once in a lifetime' demand events, like FIFA World Cups or Taylor Swift concerts," Jonathan Gough, content marketing team lead at Lighthouse, told CNBC.However, the latest data shared with CNBC showed that the lowest available hotel rates for Aug. 12 in Reykjavik and Iceland's wider capital region had fallen 46% and 51%, respectively, from mid-May, to $805 and $793 when checked on Aug. 10, reflecting heavy discounting closer to the event.Gough said that different hoteliers chose different pricing strategies. "Iceland priced the eclipse speculatively to begin with. Rooms were listed at three to four times normal levels more than a year out, and hotels have spent the past three months walking that back."Hotels in northern Spain took the reverse course, Gough said, with hotels priced normally in the spring, and raising rates only as bookings filled up. "The demand is genuinely extraordinary on eclipse day. A Coruña is seeing over five times its normal demand levels," Gough said. "When a city with a limited room supply meets a once-in-a-generation event, the price becomes the deciding factor in who gets a bed for the night." Short-term rental boost Data analytics platform AirDNA said that short-term rentals are seeing a significant boost in Spain and Iceland due to the large share of available rentals within the path of the solar eclipse. Per AirDNA, nearly 64% of Iceland's roughly 9,000 available rentals are within the path of totality. Around 21% of Spain's roughly 365,400 listings are in the path, according to the AirDNA data published on Aug. 11. Lighthouse's Gough said the solar eclipse is creating a "powerful," but "concentrated," boost in tourism for the few days around the event.Rentals within the path in Iceland are seeing demand up 40% from a year earlier, compared with 13.2% across the rest of the country. In Spain, where temperatures have exceeded 104 degrees Fahrenheit this summer, demand for the night of Aug. 11-12 is down 1.6% year over year within the path, compared with a 9.1% decline across the rest of Spain, per AirDNA.Gough said that the trend isn't a "season changer" for hotels or rentals, especially as heatwaves and extreme weather events have travelers rethinking how they vacation. "An event like the eclipse fills rooms for a night or two; the climate-driven shift in where Europeans now want to spend their summer months will be a trend that far outlasts it," he added. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
The transaction brings total financing raised by ACME Solar in the current fiscal year to ?8,198 crore View More
Solar Eclipse 2026 Highlights: Large parts of Spain were plunged into darkness as the Moon moved directly between the Earth and the Sun. In Lodoso, near Burgos. Totality also reached Iceland, with the country's western coast falling into darkness during the afternoon. View More
The milestone highlights growing demand for residential solar in Kerala, supported by government incentives and increasing awareness of renewable energy. View More
The eclipse sparked a surge in travel across Spain and Iceland, with authorities preparing for large crowds and heightened safety risks. View More
A notable shift is on the horizon as shares from forty-five newly floated companies are set to become tradable shortly. The unlocking, amounting to approximately seven point six billion dollars, is expected to happen from August twelfth through late September. While this gives promoters and anchor investors the chance to divest their previously locked holdings, it's essential to note that this event won’t guarantee immediate selling. View More
Mumbai: Shares of at least 45 recently listed companies are set to become eligible for trading over the next two months as post-IPO lock-in periods expire, potentially adding to the supply of shares. According to data compiled by Nuvama Alternative & Quantitative Research, shares worth around $7.6 billion are set to be unlocked between August 12 and September-end. The expiry of lock-ins allows promoters, anchor investors and other pre-IPO shareholders to sell their holdings, but need not translate into share sales. Read more: Equity MF bets lose some zip, seasonal debt flow lifts AUM However, the prospect of a sale could weigh on stock prices in the near term. From August 12 to the end of August, additional shares of 19 companies are scheduled to become eligible for trading: The largest unlocks by value include JSW Cement ($848 million), Fractal Analytics ($745 m), Shreeji Shipping Global ($ 731 m), Hexaware Technologies ($718 m), Clean Max Enviro Energy Solutions ($470 m), Aye Finance ($260 m), Vikram Solar ($211 m), SBI Funds Management ($139 m) among others. Other companies schedule for unlocked are Ajax Engineering, Indo-MIM, All Time Plastics, Mangal Electrical Industries, Gem Aromatics. In September, 26 more companies will see their lock-ins expire. The largest unlock is JSW Infrasturcutre ($1.48 billion), SEDEMAC Mechatronics ($489 m), Saatvik Green Energy ($254 m), Manipal Health Enterprises ($250 m), GSP Crop Science ($155 m) among others. Agencies Live Events Other firms such as Rajputana Stainless , Rishabh Instruments , Omnitech Engineering , Upiter Lifeline Hospital among others will also unloked. Other companies scheduled for unlocks in September include VMS TMT, Shree Ram Twister, Anlon Healthcare, Sedemac Mechatronics, Dev Accelerator and Jupiter Lifeline Hospital. “I particularly like stocks with over 6-month lock-in openings,” said Abhilash Pagaria, Head -Nuvama Alternative & Quant Research. “That is where the PE and early-investor overhang starts to ease, public float rises, and the probability of global index inclusion also improves.” .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
During the Solar Eclipse, the Moon will pass directly between the Earth and the Sun, blocking the Sun's light for people in the path of totality. View More
Sebi has approved IPOs of nine companies spanning engineering, travel technology, gaming, drones, paper, renewable energy and digital platforms. The approvals strengthen India’s IPO pipeline, with firms including Laxyo, Garuda Aerospace, PlaySimple Games, Rediff.com and Jakson Green preparing to list. View More
India’s IPO pipeline is set to widen, with nine companies across engineering, travel technology, gaming, drones, paper, renewable energy and digital platforms receiving Sebi approvals. Indore-based Laxyo, an engineering and infrastructure services company, has received Sebi approval for its initial public offering. The company had filed its draft red herring prospectus in March. The issue comprises a fresh issue of equity shares worth up to Rs 150 crore. Laxyo provides engineering and construction services across railway infrastructure, mining services, raise boring operations, dredging and reclamation, and operations and maintenance. The company also rents out equipment such as dredging machines, raise boring machines and other owned equipment when these are not deployed in its own contracts. SNVA Traveltech has also received Sebi approval for its IPO. The technology-driven travel services company had filed its draft papers through the confidential pre-filing route on March 29, 2026. Founded in 2017, SNVA Traveltech runs a technology-enabled platform offering air ticketing, hotel bookings and other travel-related services to individual and corporate customers. The company has presence across markets including the United States, United Kingdom, UAE and Singapore. Live Events Expression 360 Services India received Sebi approval for a mainboard book-built IPO. The issue is entirely an offer for sale of up to 1.5 crore equity shares. The company is yet to announce the launch date, price band and lot size. PlaySimple Games, part of Sweden-based Modern Times Group MTG AB, has received Sebi observations for its proposed IPO. The India-based company is the largest pure-play casual mobile games company by revenue as of FY25, according to the Redseer Report. PlaySimple also ranked first globally and in 78 countries in mobile word games by downloads in calendar year 2025. The company accounted for about 14% of the nearly 731 million global word game downloads in 2025, based on Sensor Tower data cited by Redseer. Garuda Aerospace has received Sebi approval for its IPO, which is expected to raise about Rs 1,000 crore. The issue is likely to include a fresh issue of up to Rs 750 crore and an offer-for-sale component of about Rs 250 crore. The drone company is yet to announce the price band and launch dates. Naini Papers received final observation from Sebi on August 7, 2026, for its proposed IPO. The company had filed its draft papers confidentially in April. Naini Papers is an integrated paper manufacturer producing writing, printing, industrial and specialty paper products. Its manufacturing plant is located in Kashipur, Uttarakhand. The issue is expected to include both fresh issue and offer-for-sale components and is proposed to be listed on NSE and BSE. Rediff.com India has received approval from the regulator after it has pre-filed confidential draft papers for an IPO that may raise between Rs 600 crore and Rs 800 crore. Rediff.com is a subsidiary of AvenuesAI, formerly Infibeam Avenues, which acquired a controlling stake in the company in 2024. Jakson Green has also secured approval for its IPO. The company operates across renewable energy EPC services, solar asset operations and maintenance, independent power producer projects, green hydrogen and ammonia, electrolyser manufacturing and battery energy storage systems. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
A rare total solar eclipse will cross parts of the Northern Hemisphere on August 12, 2026, bringing totality to Greenland, Iceland, Spain and Portugal. India will not witness the event, while experts urge safe viewing practices. View More
