Indian Hotels

IPO-bound Oyo parent Prism posts 17% rise in profit to ₹353 cr for Q1FY27

IPO-bound PRISM, parent entity of hospitality chain OYO, has posted a consolidated profit after tax (PAT) of Rs 353 crore in the first quarter ended June, registering 17 per cent growth from Rs 301 crore in the year-ago period. The quarterly profit included a deferred-tax credit of approximately Rs 244 crore, according to the company's audited financials seen by PTI. PRISM's revenue from operations increased 35 per cent to Rs 2,814 crore in the first quarter of FY2026-27, compared with Rs 2,078 crore in the corresponding quarter last year, the audited financials showed. The company's Gross Booking Value grew 30 per cent to nearly Rs 9,600 crore in the same period. Growth was broad-based across its hotels and vacation homes businesses. PRISM's hotel segment bookings grew 30 per cent year-on-year, while the vacation homes business recorded 28 per cent growth in bookings. Addressing shareholders at the company's Extraordinary General Meeting (EGM) in early October, PRISM Founder Rit

BSE, Lenskart: Motilal Oswal stock ideas across large-, mid- and small-caps

Analysts at Motilal Oswal Wealth Management Research Desk are bullish on mid-caps Indian Hotels and Lenskart, and small-caps Symbiotec Pharmalab and Urban Company.

Demand-supply mismatch to drive revenue growth gains for Indian Hotels

Strong room rates and occupancy lifted Q2FY27 performance, prompting an upgrade in FY27 revenue growth guidance; brokerages remain positive on the stock's prospects

Indian Hotels gains 3% as analysts raise earnings estimates, target post Q2

Indian Hotels' Q2 consolidated profit rose 23 per cent to ₹349 crore, while its revenue saw a 21 per cent year-on-year (YoY) growth to ₹2,566 crore.

Prosus-backed Ixigo aims to lead India's budget-to-mid hotel OTA market

Ixigo aims to become India's largest budget-to-mid-market hotel booking platform in four to five years, with plans to grow the business by over 100% in the next four quarters.

Indian Hotels, Oriental Hotels rally up to 6%; what's driving hotel stocks?

Hotels were impacted in Q1 by the US-Iran conflict; however, analysts at Axis Securities expect a strong Q2, supported by improving metro demand and the BRICS Summit.

Indian Hotels, NALCO among Ajit Mishra's 3 stock recommendations for today

Nifty fell 0.76 per cent as RBI's rate hike, higher inflation outlook and global macro risks weighed on sentiment.

Chalet Hotels targets 5,500 keys by FY30, bets on hybrid model: CEO

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

Hilton bets on India to drive its next phase of Asia-Pacific growth

Hilton has 60 hotels under construction and commitments for 400 more in India, as it bets on rising travel demand, religious tourism and growth in tier-II and tier-III cities

OHL merger earnings accretive, expands IHCL's presence in South India

The all-stock merger will add seven hotels with 825 keys to IHCL's portfolio, simplify the group structure and strengthen its presence across South India

Tata Group-owned IHCL announces all-stock merger with Oriental Hotels

Tata Group-owned Indian Hotels Company Ltd (IHCL) on Monday said Oriental Hotels Ltd will be merged with IHCL through an all-stock transaction. The Boards of Oriental Hotels and IHCL have approved a Scheme of Arrangement to this effect. The Scheme of Arrangement proposes a share swap ratio of 25 IHCL shares for every 117 OHL shares, and aims to complete the transaction in the second half of FY2028. "In line with our Accelerate 2030 strategy of creating value, simplifying the group's holding structure and unlocking the full potential of OHL portfolio including iconic assets like Taj Coromandel, Chennai, Taj Fisherman's Cove Resort & Spa, Chennai and Taj Malabar Resort & Spa, Cochin, the Boards of IHCL and OHL have today approved this merger," Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL said. Oriental Hotels is an associate company of IHCL. The company has a portfolio of seven hotels with 825 rooms. This includes freehold assets: Taj Coromandel - ...

Oriental Hotels share price rises over 5% on IHCL merger announcement

The Scheme of Arrangement proposes a share exchange ratio of 25 IHCL shares for every 117 Oriental Hotels shares, with completion targeted in the second half of FY2028.

Independence Day weekend lifts hotel bookings, travel demand across India

Hotel and travel platforms report higher bookings, with younger travellers driving last-minute trips and demand spilling over into the first half of the coming week

Indian Hotels, Tata Steel among key picks in Tata group for Jefferies

Jefferies favours Indian Hotels, Tata Consumer, Tata Steel and Voltas, while remaining cautious on TCS, Tata Motors Passenger Vehicles and Tata Power

IHCL Q1 profit rises 21%; Dubai occupancies rebound despite West Asia war

The Tata Group hospitality firm reported a 20.8 per cent rise in June-quarter profit, while warning that geopolitical tensions in West Asia could weigh on travel demand

Indian Hotels well positioned to gain from demand recovery, expansion

Strong domestic travel, higher room rates and an expanding hotel portfolio are expected to drive IHCL's Q1FY27 performance and medium-term growth

IHCL on track to invest ₹6K-7.5K cr over next 5 years: Chandrasekaran

IHCL plans to invest ₹6,000-7,500 crore over five years as it expands its hotel portfolio, backed by strong domestic tourism and healthy cash flows

Embassy REIT, Hilton open 211-key hotel development in Bengaluru

Development becomes fourth hotel to be launched under the partnership

Hotel demand rebounds; ICICI Sec keeps Buy on ITC Hotels, IHCL, Lemon Tree

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.

IHG Hotels & Resorts to develop 115-key Holiday Inn hotel in Mathura

IHG Hotels & Resorts on Monday said it has signed a management agreement with Embrassio Hotels & Resorts Private Ltd, the hospitality arm of Vrindara Group, to develop a Holiday Inn property in Mathura, Uttar Pradesh. The hotel is scheduled to open in early 2030 and will offer 115 rooms and suites, the global hospitality company said in a statement. "The signing of Holiday Inn Mathura aligns with our strategy of expanding in high-potential destinations and bringing globally recognised brands to locations where travellers are seeking trusted hospitality experiences," IHG Hotels & Resorts Managing Director South West Asia Sudeep Jain said. IHG currently has 52 hotels operating across six brands in India and a strong pipeline of 98 hotels slated to open in the next 3-5 years.