Business Standard

Now, investors can safely check into K Raheja Corp's Chalet Hotels

What distinguishes the company from its peers is its strong operational performance

Luxury Hotels

The rise of domestic travel, helped by rising income levels, is helping the industry offset the sluggishness in business from foreign visitors

Shreepad S Aute Mumbai
K Raheja Corporation-promoted hospitality chain Chalet Hotels is raising money at a time when the cycle of low pricing, led by higher supply amid muted demand, is turning. The company, which has a portfolio of premium branded hotels operated by global hospitality brands such as JW Marriott Hotel, is looking to cash in on higher occupancy rates for the sector. The sector, which had witnessed an 8 per cent decline in revenue per available room over the FY08-15 period on higher supply, is expected to see higher occupancies, a rise in room rates as well as margins.

Rating agency ICRA, in

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 28 2019 | 9:42 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to