• H2 demand outlook: Business is expected to see an uptick over last year as H2 (October to March) gains momentum, supported by robust corporate demand, MICE, and group travel after a stronger Q2 recovery.
• Room expansion targets: Under its asset-light model, the company plans to sign around 5,000 rooms and open roughly 2,000 rooms by March, building on the 5,000 rooms signed and 1,500 opened last year.
• Geographic expansion strategy: Expansion spans both business and leisure across major metros as well as Tier 2 and Tier 3 cities, driven by domestic, religious, and medical travel demand.
• Geopolitical and cost pressures: While travel disruptions from the Middle East crisis have eased in Q2, cost pressures are expected to persist due to elevated oil, gas, and fuel prices.