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Robust travel drives hotels' Q3 growth; outlook strong
February 06, 2025
|Mint New Delhi
Pan-India occupancy is about 70%, a few percentage points short of the peak of 2007-08 when it was 70-72%
The hospitality sector is witnessing renewed momentum, with several hotel chains capitalising on a surge in travel demand to deliver strong financial performances for the quarter ended 31 December.
Rising revenues and improving profitability were a shared narrative across the results of Lemon Tree Hotels, Indian Hotels Company Ltd (IHCL) and hotel ownership firms Chalet Hotels and Samhi Hotels.
Lemon Tree's revenues climbed 22% to ₹355.7 crore in Q3 FY25 from ₹290.1 crore a year ago, while IHCL, buoyed by its Taj properties and diversified business lines like catering, saw revenues jump to ₹2,533 crore from ₹1,936 crore.
هذه القصة من طبعة February 06, 2025 من Mint New Delhi.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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