EIH Hotels , the hospitality giant behind the Oberoi and Trident hotel chains, has reported a robust performance for the first quarter, showcasing resilience and growth in the luxury hospitality sector.

Financial Highlights

EIH Limited's consolidated revenue for Q1 grew by 9% to ₹573.60 crores, while standalone revenue increased by 14% to ₹518.80 crores. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a significant rise, with consolidated EBITDA up by 16% to ₹195.30 crores and standalone EBITDA surging by 28% to ₹193.50 crores.

However, the company's profit after tax (PAT) experienced a notable decline due to exceptional items amounting to ₹110.50 crores. As a result, the consolidated PAT stood at ₹36.90 crores, compared to ₹96.70 crores in the previous year.

Operational Performance

EIH Limited maintained strong operational metrics, with RevPAR (Revenue Per Available Room) showing an impressive growth of 11-13% year-over-year. The company's average room rates also saw a healthy increase of 9-11% compared to the same period last year.

Notably, the luxury segment under 'The Oberoi' brand demonstrated particularly strong performance, with a remarkable 21% growth in RevPAR. This underscores the company's strength in the high-end hospitality market.

Expansion Plans

EIH Limited has outlined an ambitious expansion strategy, aiming to add 25 new properties to its portfolio by 2030. These new additions will comprise 2,033 keys across both domestic and international markets, significantly expanding the company's footprint.

The expansion plan includes:

• 15 new 'The Oberoi' hotels
• 7 new 'Trident' hotels
• 3 luxury boats and Nile cruisers

Of the planned properties, 16 will be in domestic locations, while 9 will be international. The company plans to own 8 of these properties, while 17 will be managed properties.

Market Position and Outlook

EIH Limited continues to outperform industry benchmarks across key operational metrics. The company maintains a healthy liquidity position, which is crucial for supporting its long-term growth plans.

The Indian hospitality sector is poised for significant expansion, driven by growth in domestic tourism, corporate travel, and the MICE (Meetings, Incentives, Conferences, and Exhibitions) segment. Key growth drivers include spiritual tourism, live events, culture and heritage tourism, and infrastructure development.

Management Commentary

In their investor presentation, EIH Limited's management expressed optimism about the future, stating, "We continue to observe year-on-year increase in average rates across all regions. We expect demand for high-end luxury to grow in India, and our iconic portfolio of luxury hotels & resorts in premier destinations uniquely positions us to capture India's evolving opportunities."

As EIH Limited navigates the dynamic hospitality landscape, its strong Q1 performance and ambitious expansion plans signal a confident outlook for the company's future growth and market position in the luxury hospitality sector.

EIH Hotels , the flagship company of The Oberoi Group, has announced the addition of four new hotel projects in India to be operated under management contracts. The announcement came during the company's 75th Annual General Meeting, highlighting EIH's continued growth strategy in the luxury hospitality sector.

Expansion Plans

The new developments, strategically located across India, include:

1. The Oberoi, Gir: A 20-key luxury wildlife retreat near Gir National Park, home to the Asiatic lion.
2. The Oberoi, Hyderabad: A 220-key luxury hotel in Knowledge City, a prominent commercial district.
3. Trident, Nandi Hills: A 150-key hotel situated in the picturesque Nandi Hills, north of Bengaluru.
4. Trident, Fort Aguada: A 170-key hotel near the historic 17th-century Fort Aguada in Goa.

These projects are part of EIH Hotels' robust development pipeline of 25 properties scheduled for completion by 2030, which includes 22 hotels and three luxury boats. The pipeline spans 16 hotels in India and nine international properties across London, Egypt, Bhutan, Nepal, and Saudi Arabia.

Financial Performance

Alongside its expansion plans, EIH Hotels has reported strong financial results for the first quarter:

The company's revenue from operations saw a healthy increase of 8.9% year-over-year. However, profit figures were impacted by exceptional items related to the Mashobra Resort Limited (MRL) matter.

Strategic Focus

Arjun Oberoi, Executive Chairman of The Oberoi Group, emphasized the company's strategic focus on expanding into high-potential markets and delivering authentic guest experiences. He stated, "As we broaden our footprint, we remain anchored in our core values of excellence, integrity, and care."

Vikramjit Singh Oberoi, Managing Director and CEO, added, "Our development strategy is shaped by deep consumer insight, a sharp understanding of market dynamics, and a steadfast long-term vision."

Awards and Recognition

The company's commitment to excellence continues to garner international recognition. Oberoi Hotels & Resorts was recently named the Best Hotel Group in the World at the Telegraph Travel Awards UK and ranked second globally in Travel + Leisure USA's World's Best Awards.

Looking Ahead

As EIH Hotels marks 75 years and The Oberoi Group celebrates 90 years of pioneering Indian hospitality, the company remains committed to thoughtful expansion, innovation, and responsible luxury. With its strong brand reputation and strategic growth plans, EIH Hotels is well-positioned to capitalize on the recovering hospitality sector and emerging travel trends.

The company's focus on expanding its luxury portfolio, coupled with its consistent performance in service excellence, sets a solid foundation for future growth in both domestic and international markets.