RevPAR grew 9%, a 30 foundation point acceleration from second quarter 2023 development. The Indian hotel industry is anticipated to develop 7-9% with high occupancy in FY2025. Demand from home leisure journey, MICE, weddings, enterprise journey, non secular tourism, tier-II cities, and home tourism will drive growth. FTA recovery is decided Hotels News by the worldwide macroeconomic setting and client sentiments. The hospitality industry is poised for robust progress in fiscal yr 2025, with occupancy charges expected to reach highs not seen in a decade. Average room rates are additionally projected to strategy peak levels from fiscal 12 months 2008.

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• Revenue from operations climbed to 10.three crore in Q2 in comparison with Rs 9.3 crore in the year-ago period.
• During the third quarter, the Company repurchased approximately 1.four million shares of its common stock for $105 million.