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Will 35% margin be the new normal for Indian Hotels in foreseeable future? Puneet Chhatwal answers

Puneet Chhatwal, MD & CEO of IHCL, discusses the projected increase in management fee income, expecting it to reach Rs 550 crore by 2025-26. He highlights the high flow-through of management fee business, stating that it is expected to grow at a rate of over 20% per annum. Chhatwal mentions the significant contribution of fee-based business and operating leases to IHCLs overall revenue. He concludes with confidence in the companys financial growth and the potential for further margin expansi...
Andhra Pradesh Uttar Pradesh Tamil Nadu Puneet Chhatwal Ekta Nagar Indian Hotels

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indian hotels: Even better days await hotel sector, claims Indian Hotels MD & CEO Puneet Chhatwal

“It is a great opportunity for India because as we may be a young country, but we have the oldest history. I think spirituality will be a key differentiator for the generations to come and nobody has that kind of spiritual history like we have.”
Uttar Pradesh Shilpa Shorewala Jhunjhunwala Puneet Chhatwal Vishwanath Temple Taj Rishikesh Puneet Chhatwalfollowing

Indian Hotels: Can 33% margin become the new normal for Indian Hotels? Puneet Chhatwal answers

"Demand is outpacing supply in the hospitality sector and this trend will continue, leading to higher occupancy levels and increased average rates. The next two quarters will be positive for the sector, with good tailwinds from events like the G20 and Cricket World Cup, as well as the normalization of inbound tourism."
Uttar Pradesh New York United States United Arab Emirates Andhra Pradesh West Bengal

India: G20 Summit: Special lunch for spouses of heads of state at Jaipur House

Spouses of heads of state of various countries who will soon gather here for the G20 Summit, will be treated to a special lunch at the iconic Jaipur House, on the sidelines of the mega event, sources said. The menu will also include millet-based delicacies, they said. The G20 Leaders Summit will take place on September 9-10 at the newly-built international convention and exhibition centre -- Bharat Mandapam -- at the Pragati Maidan.
United Kingdom Uttar Pradesh New Delhi Azadi Ka Amrit Mahotsav Francisb Blomfield Narendra Modi

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