Premium Valuations may cap upsidesforlndian Hotels
Business Standard|November 22, 2024
Indian Hotels (IH) has an ambitious strategy of doubling its hotel portfolio and is aiming for a 14 per cent annual revenue growth. The goals are achievable, given financial discipline and agility.
DEVANGSHU DATTA
Premium Valuations may cap upsidesforlndian Hotels

Over FY24-27, IH may deliver an annual growth of 18 per cent in revenue with higher growth in operating profit and adjusted net profit. IH projects revenues to more than double by FY30 to ₹15,000 crore from ₹7,000 crore in FY24.

The portfolio is expected to surpass 700 hotels (up from 350 currently) and operational hotels are projected to exceed SOO (current 232). The company expects revenue per available room (Rev PAR) growth to remain strong, with like-for-like Rev PAR to grow in high single digits. Return on capital employed is projected to improve by SOO basis points (bps), reaching 20 per cent by FY30.

Traditional businesses (Taj, Vivanta, Selthions & Gateway Brand) will see Rev PAR growth of high single digits amid ongoing expansion. New businesses (Ginger, Qmin, Ama, Tree of Life) will grow at 30 per cent. Management fee will register 15-18 per cent annual growth due to net unit growth. Taj SATS & Chambers will sustain momentum.

هذه القصة مأخوذة من طبعة November 22, 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 22, 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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