Indian Hotels Company Ltd (IHCL) net profit rose 15 per cent in the second quarter after excluding the one-off exceptional gain of Rs 307 crore in the previous year. Net profit fell 45 per cent when compared with the previous year's earnings after including a one-off gain.
Indian Hotels reported strong consolidated revenue growth of 29 per cent year-on-year (Y-o-Y) in the third quarter of the current financial year (Q3FY25), led by revenue per available room, or RevPAR, growth of 15 per cent. The average room rate, or ARR, was up 13 per cent and occupancy improved 120 basis points (bps) Y-o-Y on a standalone business. Like-for-like revenue growth was 15 per cent Y-o-Y, while TajSats (airline catering) grew by 18 per cent Y-o-Y.
The airline had initiated a probe after the passenger posted on X that there was a blade-like metal object in the meal.
After a quiet April-June quarter in 2024-25 (FY25), the operational and financial performance of India's largest listed hotel company, Indian Hotels Company, clearly rebounded in the July-September quarter (Q2) of FY25. With double-digit growth in the average room rate (ARR) and higher occupancy, the Taj Hotels chain owner reported a 16 per cent revenue increase and a 30 per cent rise in operating profit.
FSSAI is looking to tap the Airport Health Organisation to ensure that such incidents aren't reported in the future.
Show-stopping desserts to impress guests on Ganeshotsav.
'I am seven months into the job, but it feels like seven years.'
Flight caterer TajSATS has partnered with Air India to improve the onboard food service on select domestic and international routes.
Cites technical reasons; crew told to apologies to passengers and provide feedback forms for those seeking a refund for pre-booked meals
The strident support from the hotels comes at a time when the industry is itself caught off guard with a sharp dip in both in-bound traffic from foreign markets, reduced domestic traction as well as a total shut-down of MICE business that has led the country top players by market cap to lose over half their value in just a little over a month.
Large chains like the Marriott and Taj that are estimated to consume two million plastic bottles a year have taken a conscious decision to first eliminate PET bottles on their premises and then reduce the use of single-use plastic altogether, saying they are all for a sustainably environment-friendly tomorrow.
In a departure from the past, when IHCL adopted the organic route for entering markets like London and New York, this time around the expansion will be acquisition-led.
Culinary legend Satish Arora hangs up his apron after almost 5 decades of service at the Taj group of hotels.
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