Better demand trends upgrade Indian Hotels to profit suite
Business Standard|November 11, 2024
Management credits demand-supply gap, shifting demographics for hitting the 'suite spot'
RAM PRASAD SAHU

After a quiet April-June quarter in 2024-25 (FY25), the operational and financial performance of India's largest listed hotel company, Indian Hotels Company, clearly rebounded in the July-September quarter (Q2) of FY25.

With double-digit growth in the average room rate (ARR) and higher occupancy, the Taj Hotels chain owner reported a 16 per cent revenue increase and a 30 per cent rise in operating profit. Total revenue grew by 27 per cent, including figures from the consolidated airline catering unit, TajSATS.

The company's best-ever Q2 results were well-received on the Street, with stock prices rising over 7 per cent on Friday, pushing its market capitalization above ₹1 trillion. Indian Hotels reported a standalone occupancy rate of 78 per cent, up 210 basis points (bps) from the same quarter last year, while room rates increased by 10.4 per cent to ₹14,321. This led to a 13.4 per cent rise in revenue per available room (RevPAR), which reached ₹11,163.

هذه القصة مأخوذة من طبعة November 11, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 11, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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