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CHALET
Chalet Hotels Limited core EBITDA GROWS 13% YoY; Margins Expand 110 BPS Leisure Portfolio delivers strong growth
Speaking on the financial results, Shwetank Singh, MD & CEO, Chalet Hotels Limited said, “Our Q2 performance reflects the strength of our hospitality portfolio and our continued focus on driving operational efficiencies. Despite reduced air connectivity and higher airfares impacting certain business travel markets, we delivered an 11.3% YoY growth in ADR and a 7.2% increase in RevPAR. Our leisure properties performed particularly well, delivering 34% RevPAR growth, supported by improvements in both occupancy and room rates. Overall, the business continued to demonstrate healthy growth, contributing to improved operating margins. We are also making encouraging progress across our brand portfolio, with the launch of ATHIVA Pulse in Navi Mumbai. The initial response from the guests has been positive, reinforcing our confidence in its potential.
With Taj Delhi International Airport and CIGNUS II, Powai progressing towards completion, and an expanding ATHIVA pipeline, we are well-positioned for our next phase of growth. Our strong balance sheet and disciplined approach to development give us the confidence to capitalise on the long-term pportunities in Indian hospitality.”#StockInNews
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