ITC Hotels Reports Strong Q2 Revenue and Profit Growth
· Business · Economic Times, MarketWatch, LiveMint
ITC Hotels reported a 26% year-on-year revenue increase to Rs 1,054 crore for the second quarter of the current fiscal year. Net profit rose 52% to Rs 203 crore, supported by higher room rates and robust demand from business events. The chain expanded its portfolio by signing 20 new hotels and acquiring the 130-key Welcomhotel Ahmedabad. Occupancy rates reached 76%, while average daily rates grew by 14% compared to the previous year.
Why it matters
The strong financial performance reflects resilient domestic demand in the Indian hospitality sector despite global economic headwinds.
Read the original report — Economic Times
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.