EIH

“Most of them domestic except for one international, The Oberoi London, wherein expected year of opening is 2028.”

“But we're hopeful of the hotel opening in September of 2028.”

“Obviously, at our site, there are no safety-related issues. So, we hope to be able to start with the work again.”

“Oberoi brand falls in the luxury segment and luxury segment saw a growth of 13.2% on RevPAR, while Oberoi hotels saw a growth of 8.2% in Q1.”

“Our growth was lower than the industry, mainly because of Oberoi Rajgarh, which got added last year. And that is still in the ramp up and the stabilization stage. If we exclude Rajgarh, our RevPAR growth was 11.4%.”

“For Q1, this segment saw a growth of 9.2% for the industry, while Trident hotels had a growth of 13.8%, both on account of occupancy and ARR.”

“And if you look at RGI, we were at 162 versus 155 last year.”

“We saw the biggest increase happening in Shimla and Chandigarh, mainly because of last year where they had got badly impacted by Operation Sindoor.”

“The industry performance for Q1 was positive, both for occupancy and ARR. Occupancy was higher by 2 to 4 percent, and ARR by 6 to 8 percent.”

“For the current year, we continue to see increase in ARR due to limited supply, and MICE events like BRICS as well as Aviation show, which will happen in the later part of the year.”

“And we hope and expect the foreign tourist arrivals coming back to normalcy in Q3 and Q4.”

“Despite the West Asia crisis that impacted foreign arrivals at our hotels, we were still able to do well and drive revenue growth, largely driven by the domestic market.”

“What I can say is for the next quarter, which is Q2, business on books vis-a-vis the same time last year is very positive.”

“We also grew on EBITDA from Rs 195 crores to Rs 207 crores.”

“We had higher marketing expenditure to make sure that we have our domestic bookings take care of the occupancy in Q1. At the same time, we spent a little more on IT in Q1 to support our automation and AI drive.”

“One is, we had Oberoi Rajgarh got operational in Q3 of last year, which is still in the ramp up stage and stabilization phase. So that is impacting our EBITDA percentage for the quarter.”

“And renovations will continue. Of course, we're over in Q1 but renovations also taking place in Q2. In Q3 and Q4, there will be really no significant renovation.”

“as against our 29% EBITDA for the current quarter, if I look at like-to-like basis and take out the Rajgarh, that brings our EBITDA to almost 30.6%.”

“In net, we increased our our funds by almost 23 crores for the quarter.”

“If you look at our cash flow funds position, we continue to have healthy cash balance at the end of the quarter. And it enable us to support our long term growth plans in the coming next three to four years.”

“August to the 10 of September and that's really all I can tell you at this point.”

“No, there are two parts to it. One is a qualifying bid and then there's a second part which is a live auction as well.”

“I hope or I'm confident we will have future news to share with you on our future growth with other opportunities coming to fruition in the not-too-distant future.”

“PAT was at 120 Crores. Not comparable to last year because we had last year impact of 110 crores on account of Mashobra.”

“At the same time, we had some write-off because of renovations at our Mumbai hotels. So due to all those reasons, our EBITDA was not in line with the revenue.”

“but the write-off from renovations was, if I remember correctly, ₹7.5 crores.”

“Oberoi hotels attract a higher percentage of foreign business. And that was impacted because of the West Asia crisis.”

“And when we opened the building up to really see the state of the building, considerable work was required to ensure that it complies with today's safety regulations.”

“This stoppage in Kolkata is still there today and the authorities are assessing individual building by building and then giving approvals to start work if they find that there are no safety-related issues.”

“an incident that took place in Kolkata where 15 people tragically were killed and all construction in Kolkata was halted.”

“In Q2, that we would expect that trend to continue just given what's happening in West Asia. So, let's hope that things stabilize for Q3 and Q4.”

“For the Q1 FY27, our revenue was at Rs 698 crores as compared to Rs 609 crores of last year, healthy 15% growth in revenue.”

“So MPI was at 108 as compared to 106 last year, though the ARI was almost flat, both 115 and 115. But the increase in occupancy helped us grow the RGI, where we went from 121 to 125 percent over our comp set.”

“14 out of 15 hotels are ranked 1st and 2nd, wherein STR provides benchmarking.”

“And in overall, in net, our RevPAR grew from 11,352 to 12,801. This is for all hotels, including managed.”

“Also ARR increased in all the months, which helped us to increase our RevPAR from 13,000 to almost 15,000 at the end of the quarter one.”