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EIH ACHIEVES HISTORIC Q2FY25 RESULTS
The Sunday Guardian
|December 08, 2024
EIH Limited posted historic Q2FY2025 financial results which were the best ever so far in its history.
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The company posted doubledigit 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, hence hotel companies are doing quite well. While domestic air passenger traffic has grown by over 6% y-o-y, the hotel occupancy percentage has also grown by around 4% in the hospitality segment.
This story is from the December 08, 2024 edition of The Sunday Guardian.
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