financeasianhospitality.com··1 min·For: Owner, Investor, GM, Revenue
IHCL Revenue Jumps 21% on Strong RevPAR and Fees
IHCL posted a 21 percent rise in Q2 revenue and a 23 percent increase in profit after tax, propelled by a 28 percent RevPAR surge at full-service properties and rapid portfolio expansion.
Key Takeaways
- 1RevPAR at full-service hotels jumped 28%, boosted by major events in Delhi and renovated properties.
- 2EBITDA reached $83.21 million with a 30.7% margin, supported by a 25% increase in management fees.
- 3Portfolio reached 670 hotels following 47 deal signings and 20 openings in the first half of the fiscal year.
Source: asianhospitality.com
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