• First-quarter performance: Domestic leisure travel drove strong summer demand, with average room rates and occupancies both rising by 6% to 7%, yielding an estimated 12% increase in Q1 turnover.
• FY27 revenue outlook: Revenue from existing hotels is projected to grow by 12% to 15%, while overall top-line growth is guided at 30% to 35% supported by new property additions such as Iconica in Mumbai.
• Property expansion pipeline: The company has 55 signed projects and expects to open approximately 30 hotels during the financial year, with new properties typically taking around three months to stabilize.
• Asset-light strategy: Growth is driven via management contracts, franchises, and revenue-sharing flexi-leases, allowing capital expenditures to be funded through internal cash generation with minimal debt leverage.