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LTHL Q2 Profit Surges 90% as RevPAR Climbs 18%
financeasianhospitality.com··1 min·For: Owner, Investor, Revenue, GM

LTHL Q2 Profit Surges 90% as RevPAR Climbs 18%

Lemon Tree Hotels Limited reported strong Q2 financial growth, driven by an 18% increase in RevPAR and a 90% rise in profit after tax. The company also expanded its pipeline, signing 825 keys and acquiring land for a new hotel in Mumbai.

Key Takeaways

  1. 1Total revenue rose 18% to $38.68M while net profit after tax surged 90% to $8.49M.
  2. 2RevPAR increased 18% to $54.62, supported by an 8% rise in ADR and occupancy reaching 76.1%.
  3. 3Opened 523 keys and signed 825 keys across managed, franchised, and owned portfolios.

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Source: asianhospitality.com

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