*
* REVENUE AT INR
* EBITDA AT INR
* PAT AT INR
CONSOLIDATED FINANCIAL RESULTS FOR Q3 AND NINE MONTHS ENDED
Q3 YoY PERFORMANCE
Commenting on the Q3 FY24 performance, Mr.
He added, 'IHCL continues to demonstrate industry leading growth with 28 hotels signed and 16 hotels opened this fiscal with a portfolio of 285 hotels including a pipeline of 85 hotels. This year marks the momentous occasion of reaching the 200th operating hotel milestone and successful launch of 371 keys flagship Ginger at
In recent announcements, IHCL's iconic brand Taj, world's largest operator of Palaces, was recognized at 101 Executive Summit in
Mr.
He added, 'On a year to date basis IHCL consolidated reported an all-time high revenue of INR
Q3 PERFORMANCE HIGHLIGHTS
Total Revenue for the quarter was led by a 21% growth in Room Revenue
Outperforming the industry on domestic same store RevPAR with a premium of 70% vs competition
Demand buoyancy in the international portfolio led to an occupancy of 70%, resulting in a RevPAR growth of 9% over the previous year
DOMESTIC DOMINANCE
IHCL continues to demonstrate industry leading growth with 28 hotels signed and 16 hotels opened on a year to date basis
FY 2024 marks the momentous occasion of IHCL reaching the 200th operating hotel milestone
IHCL's recent signings include new destinations like Ayodhya, Itanagar, Dibrugarh,
Growing its presence in the East and North East, IHCL opened Taj Taal Kutir,
Extending its itinerary in
Ginger brand opened its flagship 371 room hotel at
NEW BUSINESSES & MANAGEMENT FEE - Q3
IHCL's New Business vertical comprising of Ginger, Qmin, ama Stays & Trails, The Chambers (membership fee) and TajSATS reported a revenue of INR
At a growth of 33% over the previous year, New Business clocked a growth rate double that of IHCL Enterprise which grew at 17%
New Business now accounts for 11.1% share of IHCL Enterprise revenue an expansion of 130 bps from 9.8% in the previous year
TajSATS clocked a revenue of INR
Ginger reported a revenue of INR
ama Stays & Trails clocked a YTD December brand revenue of INR
Qmin reported a YTD December brand revenue of INR
Management Fee income grew by 13% over the previous year at INR
ESG+ FRAMEWORK OF PAATHYA
IHCL now uses 39% energy from renewable sources and has installed 335 EV charging stations across 142 locations in
Continuing its journey of eliminating single use plastic, IHCL installed 40 bottling plants and achieved 47% recycling of water used
In its effort to bridge the employability gap in the industry, IHCL has partnered for 32 skill centres across locations in
About
Incorporated by the founder of the
Please visit: www.ihcltata.com; www.tajhotels.com; www.seleqtionshotels.com; www.vivantahotels.com; www.gingerhotels.com
For more information, please contact: kirti.dhingra@ihcltata.com
AWARDS AND RECOGNITION
TAJ RANKED THE BEST IN THE 'WORLD'S FINEST LUXURY GRAND PALACES' CATEGORY BY '101 EXECUTIVE SUMMIT',
IHCL RECOGNISED BY CONFEDERATION OF INDIAN INDUSTRY (CII) IN TOP 50 INNOVATIVE COMPANIES OF 2023
BRAND FINANCE'S BRAND VALUE REPORT INDIA 2023 - TAJ RANKED AS INDIA'S STRONGEST BRAND FOR THIRD TIME
IHCL RECEIVED 2023 INTERNATIONAL CENTER FOR RESPONSIBLE TOURISM (ICRT), INDIA FOUNDATION RESPONSIBLE TOURISM AWARD FOR 'BEST FOR TACKLING
TRIPADVISOR - 2023 TRAVELLERS' CHOICE AWARD - RAMBAGH PALACE,
CNBC TV18 - ICICI LOMBARD INDIA RISK MANAGEMENT AWARDS 2023 - MASTER OF RISK IN BUSINESS MODEL ADAPTABILITY
CONDE NAST TRAVELER READER'S CHOICE AWARDS 2023
HOTELS ON BEST HOTELS IN
UMAID BHAWAN PALACE, JODHPUR - RANKED NO. 1
TAJ NADESARPALACE,
THE TAJ MAHAL PALACE,
BEST RESORT
BEST RESORT IN THE INDIAN OCEAN - TAJ CORAL REEF RESORT & SPA,
BEST RESORT IN
LA LISTE WORLD'S BEST HOTELS 2023 - TOP 1000 WORLD'S BEST HOTELS
RAMBAGH PALACE,
FALAKNUMA PALACE,
THE TAJ MAHAL PALACE,
UMAID BHAWAN PALACE, JODHPUR
TAJ LANDS END,
TAJ HOLIDAY VILLAGE RESORT & SPA,
TRAVEL + LEISURE READERS' - 'WORLD'S BEST AWARDS'
25 FAVORITE HOTEL BRANDS OF 2023 - TAJ HOTELS RESORTS & PALACES
FAVOURITE RESORTS IN INDIA OF 2023 -
BEST 100 HOTELS IN THE WORLD - TAJ LANDS END,
BEST CITY HOTELS IN
FAVORITE CITY HOTELS IN INDIA OF 2023 - TAJ LANDS END,
15 FAVORITE HOTELS IN
(C) 2024 Electronic News Publishing, source