CONSOLIDATED FINANCIAL RESULTS FOR Q4 AND FULL YEAR ENDED
Q4 YoY PERFORMANCE
Commenting on the full year performance, Mr.
He added, 'Looking ahead at FY2025, IHCL will continue to deliver double digit revenue growth with new businesses at 30%, and opening of 25 hotels. IHCL will also introduce the re-imagined
'Investing in our competitive advantage of optimising the balance between operating leverage and fee-based business, IHCL has commenced a five-year capital deployment plan from FY2023 to FY2027 totalling INR
PERFORMANCE HIGHLIGHTS
Consolidated Revenue grew by 17% led by a 19% growth in Room Revenue and 12% in Food & Beverage.
Enterprise Revenue for the year stood at INR
Outperforming the industry on domestic same store RevPAR with a premium of 65% vs competition.
Demand buoyancy in the international portfolio led to an occupancy of 67%, an expansion of 700 basis points resulting in a RevPAR growth of 9% over the previous year.
INDUSTRY LEADING GROWTH
IHCL continues to demonstrate industry leading growth with 53 hotels signed and 34 hotels opened.
IHCL's recent signings includes a strategic alliance for 14 resorts under the Tree of Life brand and 300 key Ginger at MOPA Goa, Taj branded hotel in Alibaug, Kollam,
In Q4, IHCL opened 6 hotels with 3 hotels under SeleQtions in Jaisalmer, Tirupati and Munnar, 2 Ginger hotels in Durgapur and Ahmedabad and a Vivanta in Bharatpur,
NEW BUSINESSES & MANAGEMENT FEE
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 35% over the previous year, New Business clocked a growth rate double that of core IHCL Enterprise which grew at 17%
New Business now accounts for 12.1% share of IHCL Enterprise revenue an expansion of 140 bps from 10.7% in the previous year.
TajSATS clocked a revenue of INR
Ginger reported a revenue of INR
ama Stays & Trails clocked a revenue of INR
Qmin reported a revenue of INR
Management Fee income grew by 18% over the previous year at INR
ESG+ FRAMEWORK OF PAATHYA
IHCL now uses 37% energy from renewable sources and has installed 343 EV charging stations across 142 locations in
Continuing its journey of eliminating single use plastic, IHCL has installed 40 bottling plants and achieved 48% recycling of water used.
IHCL partners and operates 32 skill centres across 15 States in
About
Incorporated by the founder of the
AWARDS AND RECOGNITION
BRAND FINANCE'S BRAND VALUE REPORT INDIA 2023 - TAJ RANKED AS INDIA'S STRONGEST BRAND FOR THIRD TIME.
MR.
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
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
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
See more at: https://www.ihcltata.com/press-room/ihcl-announces-financial-results-for-q4-and-full-year-2023-24/
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