Puneet Chatwal, managing director and chief executive officer of Indian Hotels Company, said India’s attractiveness as a global tourism and wedding destination is increasing, with improvements in travel infrastructure and the development of ‘wedding inns’. It is said that the hospitality situation in India is changing due to initiatives such as “India”.
Improved airport connectivity, iconic venues like the Bharat Mandapam, and growing interest in destination weddings have positioned India as the go-to destination for international tourists and event planners. He said that it has been established.
Chatwal pointed out that these developments are creating an ideal environment for the tourism sector. “Our cultural heritage combined with improved infrastructure makes India a unique destination. Weddings are now integral to our national identity and drive domestic and international tourism.” ,” he said in an exclusive on NDTV Profit.
Hotelier occupancy rates reflect this upward trend. In major cities like Delhi, Mumbai, Pune and Bangalore, occupancy rates of 76% to 84% indicate healthy demand, allowing the company to maintain competitive room rates. “Our brands benefit from these occupancies, which strengthens our ability to charge higher prices,” Chatwal said, adding that IHCL’s performance is consistent with this occupancy benefit. He added that he is doing so.
IHCL’s consolidated net profit for the September quarter surged more than three times to Rs 582.7 crore, beating expectations and driven by strong demand across its brands. International occupancy rose to 75%, and new ventures Ginger, Cumin and Flax Stays & Trails reported 47% revenue growth, highlighting the company’s commitment to diversification.
