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EIH ACHIEVES HISTORIC Q2FY25 RESULTS
The Business Guardian
|December 08, 2024
TAKING STOCK - EIH Limited posted historic Q2FY2025 financial results, which were the best ever in the company's history. The company posted double-digit RevPAR (revenue per available room) growth, which was led by improving occupancies as well as average room rates.
The management outlook continues to remain buoyant and very optimistic on the tourism and hospitality sector, with demand expected to remain ahead of supply over the next few years. Since the hotel sector in India and around the world is booming after COVID-19, hotel companies are doing quite well. While domestic air passenger traffic has grown by over 6% year-on-year, the hotel occupancy percentage has also grown by around 4% in the hospitality segment.
An increase in ARR over the last few years has translated into a significant increase in RevPAR, which highlights the demand for increased supply in the hospitality sector. The RevPAR of EIH Hotels for Q2FY2025 has shown excellent growth, with 10% for Oberoi Metro, Leisure at around 7%, while Trident Metro posted 22%.
This story is from the December 08, 2024 edition of The Business Guardian.
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