Page 4 - Indian Hotels Company

A gastronomic journey through the North far removed from convention

Loya, the latest offering by Indian Hotels at Taj Palace, New Delhi, offers a confluence of flavours from the foothills of Himalayas, the fields of Punjab, the Gangetic plains, and snow-laden Kashmir

Gifts, dinner vouchers, pre-Diwali bashes by corporates light up hotel biz

Companies across the sectors, particularly the multinationals want to do more for employees to attract them to come to office

MoUs, LoIs worth Rs 10.4 trillion signed ahead of Rajasthan summit

Energy sector has emerged as the main investment sector with 57 per cent of the proposed being implemented.

Hotel stocks order room service: See strong Q1, a stronger outlook

Inbound tourism, higher occupancies, and lean cost model are positives for listed hospitality majors

This Tata Group stock has zoomed 109% against its rights issue price

Meanwhile, the stock has surged 55 per cent against its qualified institutional placement (QIP) price of Rs 202 per share

Jefferies sees 15% correction in Indian markets; adds Zomato to portfolio

In the past one month, the S&P BSE Sensex and the Nifty50 have gained around 8 per cent each with a large part of these gains coming via the BFSI route

Indian Hotels posts consolidated PAT of Rs 170 cr in Q1 amid rise in demand

The company's revenue surged by 249.45 per cent to Rs 1,293 crore during the quarter under review, compared to Rs 370 crore in the year-ago period.

Hospitality industry outlook looks quite strong: Chandrasekaran at IHCL AGM

The hospitality industry is expected to do well going forward barring unforseen situations, and occupancy of Indian Hotels Company Ltd is expected to rise, company's chairman N Chandrasekaran said

Indian Hotels' Taj ranked world's strongest hotel brand by Brand Finance

The 'Hotels 50 2022' annual report by the world's leading brand valuation consultancy recognizes the most valuable and strongest hotel brands across the globe

A tourist makeover for Darjeeling tea industry to beat a growing crisis

The region's storied estates are upping the luxe quotient by foraying into hotels and resorts

Hospitality sector in sweet spot but revenue boost eludes five key players

Lower costs, improving occupancies as well as room rents augur well

Eateries get a taste of local with Covid-19 pandemic impacting supplies

Imported fare makes way for homegrown produce

IHCL looks to build portfolio of 300hotels, scale up new business

The Indian Hotels Company (IHCL) is eyeing to build a portfolio of 300 hotels and strengthen and scale up new businesses, including Qmin, 7Rivers, ama Stays & Trails, under its Ahvaan 2025. We have signed over 100 hotels and opened over 40 hotels in the past five years, becoming the fastest growing hospitality company in India. Ahvaan 2025 will further accelerate our profitable growth by scaling our diversified brand portfolio across traditional and new businesses," IHCL Managing Director and Chief Executive Officer Puneet Chhatwal told reporters on Monday. IHCL aims to build a portfolio of 300 hotels, clocking 33 per cent EBITDA margin, of which 35 per cent EBITDA share contribution is expected to come from new businesses and management fees by 2025-26, he said. The hospitality company is also focused to strengthen the balance sheet with focus on free cash flows and be a zero net debt company, he said. Chhatwal said Ginger will be an important growth vehicle and will scale to 125

Indian Hotels Company eyeing 18-20 openings this year, says CEO Chhatwal

Of the 18 launches that IHCL is eyeing, 7-10 would be under the Ginger brand

IHCL plans to raise women participation in workforce to 25% by 2025

IHCL's Managing Director and CEO Puneet Chhatwal said the company has been championing the cause of women and enhancing their participation, both within and outside the organisation

Business segment recovery to drive growth for Indian Hotels Company

While growth metrics should improve as the leisure segment and business travel picks up, the company's March quarter performance was weaker than expected

Indian Hotels turns in Rs 72 cr profit in Q4 against a loss last year

Firm reports consolidated revenue of Rs 872.08 crore during the quarter as against Rs 615.02 crore in the year-ago period

Indian Hotels Company posts Rs 71.5 crore profit in March quarter

Tata group hospitality firm Indian Hotels Company Ltd (IHCL) on Wednesday reported a consolidated net profit of Rs 71.57 crore in the fourth quarter ended on March 31, 2022. The company had posted a consolidated net loss of Rs 97.72 crore in the same period of the previous fiscal, IHCL said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 872.08 crore as against Rs 615.02 crore in the year-ago period. Total expenses during the fourth quarter stood at Rs 894.16 crore as compared to Rs 754.15 crore in the same period a year ago, the company said. For the fiscal ended March 21, 2022, IHCL said its consolidated net loss narrowed to Rs 264.97 crore. The consolidated net loss was at Rs 795.63 crore in the previous fiscal. Consolidated revenue from operations in 2021-22 stood at Rs 3,056.22 crore as compared to Rs 1,575.16 crore in 2020-21, the company said. The Board of Directors at their meeting held on Wednesday have recommended

IHCL announces launch of new Taj Hotel with branded residences in Chennai

Spread over 3.5 acres, complex is strategically located close to key business districts; it will have a luxury hotel with 235 keys and 123 Taj branded residences

Indian Hotels nears record high ahead of fixing of QIP price band

In the past three months, the stock has outperformed the market by surging nearly 30 per cent, as compared to 0.61 per cent rise in the S&P BSE Sensex