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Indian Hotels
Indian Hotels Company Limited (IHCL) on Tuesday reported a 45 per cent decline in its consolidated net profit of Rs 318.26 crore for the second quarter ended September 2025. In the year-ago period, the country's biggest hospitality player had posted a consolidated net profit of Rs 582.71 crore. The decline is despite revenue growth during the July-September quarter under review, as revenue from operations stood at Rs 2,040.89 crore, as against Rs 1,826.12 crore a year ago, according to a regulatory filing. At the same time, Tata Group-owned IHCL's total expenses also increased to Rs 1,671.54 crore, from Rs 1,502.01 crore in the same quarter of the last fiscal. IHCL, which owns the 'Taj' marquee brand, has two primary revenue segments, including Hotel Services and Air and Institutional Catering (TajSATS). "IHCL continued its accelerated growth momentum in the first half of FY2026 with 46 signings to reach a portfolio of 570 hotels and opened 26 hotels, crossing a milestone of over
The country's biggest hospitality player Indian Hotels Company Limited has reported a malware incident, saying immediate action has been taken to contain the impact and secure its systems, maintaining that the Tata Group-owned firm is closely monitoring the situation while operating business as usual. Indian Hotels Company Limited (IHCL) informed about the incident in a regulatory filing on Thursday. "We would like to inform the exchanges that the Company has detected a malware incident, affecting select IT systems and immediate action has been taken to contain the impact and secure the systems. The relevant authorities have been duly notified. The Company continues to monitor the situation closely while operating business as usual," Indian Hotels Company Limited stated in the filing. Benares Hotels, a subsidiary of IHCL, also posted a similar regulatory filing on Friday, informing the stock exchanges regarding the IT security incident. Benares Hotels Limited is a listed public ...
Roseate Hotels and Resorts -- which owns luxury properties in India and the UK -- is eyeing new markets including Dubai, Italy, France and Switzerland and looking at diversifying its portfolio with a mix of owned as well as managed properties, the company's CEO Kush Kapoor said. In an interview to PTI, Kapoor emphasised upon the need to market India better, streamline visa processes and improve the working conditions for hospitality sector employees in terms of rationalising their working hours and better wages, as key to attracting more foreign tourists to India and having a better talent pool for the hotel industry. The Roseate Hotels and Resorts CEO also sought rationalisation of GST rates for the hospitality sector and lowering the number of licences required for hotels to reduce the compliance burden. "Yes the focus is very heavily on India. We definitely want to be in the upscale market and would like to grow in tier 2 and tier 3 cities also. For us the most important thing is
Belgium-headquartered Radisson Hotel Group is eyeing to double its portfolio in India in the next few years, from over 200 operational hotels at present, with a focus on a sustainable and inclusive growth model, according to a senior company official. In an interview to PTI, Radisson Hotel Group Managing Director and Chief Operating Officer for South Asia Nikhil Sharma said its hotel in Pahalgam is currently operating at an occupancy rate of 20-30 per cent of what the occupancies were last year, in the aftermath of the recent terror attack on tourists that shook the nation. Notably, Radisson is the largest luxury hotel chain in Jammu and Kashmir, with seven hotels in operation, including five in the valley, and 2-3 hotels in the pipeline. "We are, I would say, operating between 20 to 30 per cent in cities like Pahalgam. So in Srinagar, we are about 50 per cent of what the occupancies were last year. Last year, about 35 lakh tourists came into the valley. "This year, we are not seei