Viceroy Hotels Unveils ₹100+ Crore Renovation Plan Amid Q1 Revenue Dip Aug 08, 2025
Viceroy Hotels Limited (VHL) has unveiled a ₹100 crore renovation and expansion plan, including a three-phase renovation of existing properties and a new 200-room Courtyard project in Madhapur. The company aims to complete these expansions by Q3 FY26. However, VHL reported a 6.37% decrease in Q1 FY26 revenue to ₹25.37 crore and a net loss of ₹3.02 crore. The revenue decline was attributed to limited inventory availability due to ongoing renovations. Despite challenges, VHL's Combined Average Daily Rate increased by 14.7% to ₹6,952, while overall occupancy decreased to 54.9% from 63.0% in Q1 FY25.
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