Indian Hotels Company Limited (IHCL) reported a profitable first quarter Thursday, with stable margins despite headwinds from international flight disruptions and the fallout from the terror attack in Pahalgam and subsequent conflict with Pakistan.
What stood out, however, was the pace of expansion: IHCL is expanding its footprint through new hotel signings, acquisitions, and deeper bets on spiritual and event-driven tourism.
IHCL signed 12 new hotels and opened six during the quarter. It now operates 249 hotels, with another 143 more in its pipeline.
“We are nearing the milestone of a 400-plus hotels portfolio. We remain confident of achieving this milestone during this month itself,” CEO Puneet Chhatwal