Reopening of Oberoi in Delhi to reflect positively in EIH Q4 numbers

Exec chairman P R S Oberoi told shareholders that GST would impact travellers negatively

The iconic Oberoi, New Delhi, that was closed for renovation, since April 1, 2016, will reopen ahead of schedule, in January 2018.
 

The renovation—that cost a whopping Rs 500 crore—will reflect positively in the company's fourth quarter earnings.

"The Oberoi, New Delhi, was originally scheduled to open in early April, 2018 after complete renovation. The progress on the site has been very satisfactory and the new hotel is likely to open in January 2018. The Oberoi, New Delhi, is expected to retain its iconic position in the capital which it has since it first opened in the year 1965," P R