Chalet Hotels

Chalet Hotels Ltd aims to have around 5,500 hotel keys by FY30 as it expands beyond its traditional asset-ownership model, the hospitality player's MD and CEO Shwetank Singh said. The expansion marks a shift in Chalet's business model, with the company now pursuing a combination of third-party operated hotels, franchise properties and hotels under its own Athiva brand. The Athiva brand accounts for 1,200-1,300 keys of the pipeline. "So, the way we look at our business is that we have graduated from a pure asset-ownership model to having all three models in play. We will continue to have properties such as the Ritz-Carlton that are operated by third parties, franchise properties like Taj, and properties under our own Athiva brand," Singh told PTI in an interview. The company's upcoming portfolio includes a 380-room Taj hotel at Delhi Airport, with approximately 70 rooms expected to open by the end of this financial year. Ritz-Carlton Hyderabad, Hyatt Regency Airoli and Udaipur hote

The K Raheja Corp-backed hospitality firm adds 381 keys across Hyderabad and Pune under its Athiva brand, taking its total inventory, including the pipeline, close to 5,500 keys

Reported revenue and profit declined due to residential revenue recognition trends, while hospitality and rental annuity businesses posted double-digit Ebitda growth

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ICICI Securities has reiterated its 'Buy' rating on ITC Hotels, Indian Hotels Company, Leela Palaces Hotels & Resorts, Chalet Hotels, Lemon Tree Hotels and Brigade Hotel Ventures.

The hospitality sector is expected to remain stable in FY27, supported by domestic leisure travel and MICE sector demand, with room rates likely to remain firm, said Indian Hotels Company.

In February, Lemon Tree Hotels shares plunged 16 per cent, Chalet Hotels tanked 14 per cent, Indian Hotels Company (IHCL) slipped 5 per cent and ITC Hotels fell 8 per cent

K Raheja-backed Mindspace Reit signs Chalet Hotels for a Rs 350 crore, 330-key luxury hotel at its Hyderabad campus, with completion targeted by Q4 FY28

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Chalet Hotels is one of the preferred picks of Elara Capital in the hotel and hospitality space.

The structural outlook remains favourable, analysts said. Mumbai contributes nearly 15 per cent to India's hotel room revenue and disproportionately dominates the luxury segment.

Around 10:50 AM, Chalet Hotels share price was trading 3.07 per cent higher at ₹906.75 per share. In comparison, BSE Sensex was trading 0.43 per cent lower at 84,773.55 levels.

Business travel, MICE, and wedding season expected to drive Chalet Hotels' occupancy and RevPAR growth in H2 FY26

Chalet Hotels reported a strong turnaround in Q2FY26 with a ₹154.84 crore profit and nearly 95% revenue growth, announcing its maiden interim dividend and debuting the ATHIVA brand.

The industry witnessed 18-20 per cent growth in the first half of Fy26 and is expected to clock mid to high teens growth in the second half as well

The premium lifestyle brand ATHIVA will start with six hotels and 900 keys, as Chalet Hotels aims to double capacity and expand into Goa and Thiruvananthapuram

Technical charts suggest that share price of ITC Hotels, Indian Hotels, Taj GVK, Lemon Tree and Chalet Hotels could see up to 20 per cent upside from here.

The company's overall income for the quarter ended June 30, 2025, stood at ₹908 crore, as compared to ₹369 crore reported in the corresponding period of the previous fiscal year.

Singh will take over from Sanjay Sethi. The board of directors, in a meeting on Thursday, approved the appointment of Singh as the MD and CEO

Sanjay Sethi says that bulk of the company's growth will come from its existing pipeline taking the total keys to over 5,000 on the back of the domestic hospitality boom till 2030