Newsletter
ITC Hotels delivered a solid summer quarter, riding on travel demand and post-pandemic momentum.
By the numbers:
- Revenue up 15% at ₹815 crore YoY
- Net profit up 54% at ₹133 crore YoY
- Margins at 30% vs 29.03% last year
The deets: this is the third quarterly result since ITC Hotels spun off from ITC Ltd. Business is picking up fast, both revenue and profits saw double-digit growth. The hotel chain now runs 140 properties with 13,000 keys, and is aiming for 200+ hotels and 18,000+ keys by 2030, with a big push toward managed properties.
Zoom out: ITC Hotels’ performance mirrors the broader rebound in India’s hotel industry.
Domestic tourism, MICE (Meetings, Incentives, Conferences, and Exhibitions), and weddings are fueling demand across metros and Tier-2 cities. As a result, most hotel chains are reporting strong revenue growth and improving margins.
With rising disposable incomes, increased air connectivity, and global chains expanding in India, the sector is expected to grow at a rate of 8–10% over the next five years. The focus is also shifting toward asset-light models like managed and franchised properties to scale faster and improve returns.
