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Robust travel drives hotels' Q3 growth; Outlook strong
Mint Bangalore
|February 06, 2025
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.
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