HOTEL REVENUE

India's hospitality sector sees robust growth with increasing demand for branded rooms, particularly in urban hubs and the luxury segment. Growth is sustained by infrastructure development and rising business travel, reflected in increased RevPAR an...

Heatwave conditions and the seasonality of the hotel business impacted revenue growth in May 2024, with average revenue per available room growing only 2-3% year-on-year. Despite air passenger traffic rising 4.4%, occupancy rates remained flat at 60...

ITC Hotels' strategic expansion across diverse segments led to significant revenue growth, surpassing Rs 1000 crore in Segment EBITDA and witnessing a remarkable 39% increase in Segment PBIT.

While you can say that in spite of heat it was decent performance, I am looking at trend lines and I expect the catch up will happen really from Q2 when there will be improvements vis-a-vis the previous year in occupancy.

Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2023.

Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 90871.91 Crore) operating in Tourism & Hospitality sector.

Royal Orchid Hotels Limited reported a total income of Rs 312.70 crore for FY 2024, up from Rs 279.69 crore in FY 2023. In Q4 FY 2024, the chain's total income was Rs 82.30 crore, up from Rs 76.54 crore in Q4 FY 2023.

Apeejay Surrendra Park Hotels, led by MD Vijay Dewan, reported a consolidated EBITDA margin of 35% for the past year, with plans for further improvement through efficiency measures and hotel upgrades. He says going forward, the EBITDA margins are go...

The apartment spread over 6,176 sq ft on the 24th floor of Three Sixty West project on Dr. Annie Besant Road is the second such deal concluded by the actor in this luxury residential tower. Prior to this, Kapoor and his wife had purchased a duplex o...

Airlines, hotels, and retailers urge EU tech regulators for fair treatment in Google's compliance with DMA regulations. Concerns raised about revenue impact as Google's response focuses on changes favoring large intermediaries and aggregators, with ...

As part of the demerger, which will unlock value for its 36 lakh shareholders and also improve the capital allocation of the parent company, ITC will own 40% of ITC Hotels. The remaining 60% will be owned by ITC shareholders in proportion to their o...

Revenue from operations went up by 1.4% at Rs 17,752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross rev...

Brokerage firms expect that ITC will announce subdued revenue growth for the fourth quarter when it declares its results on May 23. Based on projections from different brokerages, it's anticipated that profits will see a modest 3% year-on-year incre...

India's hotel industry saw an 11% rise in revenue per available room in Q1 2024, with Chennai leading at 21.7%. The growth was driven by an 8.5% rise in Average Daily Rate, fueled by corporate travel, weddings, and MICE demand.

Hotels across segments are ramping up their workforce as they are adding more rooms and entering new markets amid a strong pickup in business and leisure travel. The jobs they are recruiting for are a mix of permanent, temporary and gig, said Balasu...

59 companies, including Zomato and Varun Beverages, to reveal Q4 results for March 2024. Jindal Steel, Tube Investments, AB Capital also share earnings. Zomato expects 75% y-o-y revenue growth, 48% q-o-q net profit rise.

The Oberoi Group launches The Oberoi Residential Suites in Mumbai, offering luxury amenities and modern design. EIH Limited reports a 28% revenue increase, with profits after tax up by 55% from the previous year.

IHCL reported a 29% year-on-year rise in net profit in the fiscal fourth quarter to ₹438 crore. Revenue in the three months ended March 31 grew 17% from a year earlier to ₹1,905.3 crore. IHCL had also announced that it will introduce the re-imagined...

In the March 2024 quarter, the company's revenue grew by 17.2% year-on-year to Rs1,905 crore. Net profit jumped by 29.4% to Rs438 crore. The management commentary during an analyst call after the results hinted at a sustained demand for rooms in FY2...