Hotel prices in India's metro cities are likely to remain firm due to limited supply additions, even as higher room availability in tier-2 markets may cap rate growth, YES Securities said.
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.
Bosch, Radico Khaitan, Maharashtra Scooters and Schneider Electric Infrastructure from the BSE500 index hit their respective new highs in an otherwise subdued market.
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
Demand for luxury hotels will continue in India, with strong demand from domestic leisure travel and higher demand from improving foreign tourist arrivals