Mumbai |January 30, 2025: Chalet Hotels Limited announces its results for the third quarter of the fiscal year 2025 ending December 31, 2024.
Key Highlights for Q3FY25:
- Total IncomeatINR 4.6bn, up 22%as compared to Q3FY24
- TotalEBITDAatINR2.1bn, up 23%as compared to Q3FY24
• Hospitality Segment Performance:
- Revenue atINR4.0bn, up by 17%from Q3FY24
- ADRat INR12,944, up by 18% over Q3 FY24
- Occupancy was at 70%
- RevPAR improved by16%YoY to INR 9,090
EBITDA was at INR 1.8bn up by16% from Q3FY24
Other Highlights:
- The Rental and Annuity segment saw an additional 0.4msf leasing within the quarter.
- Chalet Hotels Limited was honored as one of the top 5 hotel developers in India by the prestigious Hospitality Horizon Awards 2024.
- Chalet Hotels Limited has received the Great Place To Work ®, India certification for the sixth consecutive year.
Development Pipeline Updates:
- Hotel inventory expansion at Bengaluru Marriott Hotel Whitefield(~125-130 rooms) in Q4 FY25.
- Renovation, upgradation and expansion of The Dukes Retreat (65 rooms) completion in Q1FY26.
- ‘Taj’ at the T3 Terminal Delhi International Airport (385-390 rooms),‘Hyatt Regency’ at Airoli, Navi Mumbai (~280 rooms) and CIGNUS POWAI® Tower II in Mumbaiare scheduled for completion in FY27.
- Renovation of Four Points by Sheraton Navi Mumbai has commenced. Currently 35 rooms are under renovation and not available for sale.
- New leisure hotel in Goa scheduled for commencement during FY28.
Speaking on the financial results,Mr. Sanjay Sethi, MD & CEO, Chalet Hotels Limited says, “Our strongest-ever quarterly performance, reflects our relentless pursuit for excellence. We continue to invest in value accretive growth, fostering innovation and sustainable progress. Being recognised as a Great Place to Work for the sixth consecutive year further solidifies our position as a modern leader, delivering outstanding value to all stakeholders.”