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IHCL's domestic hotel demand strong even as Middle East crisis drags on Dubai business: Puneet Chhatwal
Indian Hotels Company Limited anticipates a year-long recovery for its Dubai hotels due to the Middle East crisis, though domestic business remains robust. Despite this, the company is on track for 12-14% topline growth, driven by its expanding capital-light management fee business and a strong pipeline of new hotel openings globally.
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economictimes.indiatimes.com
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IHCL's domestic hotel demand strong even as Middle East crisis drags on Dubai business: Puneet Chhatwal
Indian Hotels Company Limited anticipates a year-long recovery for its Dubai hotels due to the Middle East crisis, though domestic business remains robust. Despite this, the…
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Hotel chains unfazed despite geopolitical shocks, high fuel costs
Hotel chains in India are reporting double-digit revenue growth in the April–June quarter despite geopolitical tensions, higher fuel costs and weaker inbound travel. The sector is…