Q1FY22 Result Announced for Indian Hotels Company Ltd.
~ Q1 REVENUE MORE THAN DOUBLES COMPARED TO Q1 FY 2020-21 ~ REDUCES EBITDA LOSS BY APPX 50% ~ BRAND FINANCE RATES TAJ AS WORLD’S STRONGEST HOTEL BRAND Revenues up by 111% to 370 crore in Q1 FY 2021-22 vs Q1 FY 2020-21 Taj, IHCL’s iconic luxury brand, rated as the World’s Strongest Hotel Brand and India’s Stronge Hospitality Brand by Brand Finance in 2021. Signs two new hotels including a 775-room hotel in partnership with Bengaluru Airport City Limited (BACL) Opened three new hotels - Year to date (YTD) across brands including: Vivanta Thiruvananthapuram, a new landmark in the heart of the city Pilibhit House, an IHCL SeleQtions hotel, on the banks of the Ganges in Haridwar Strengthened presence in East India with the launch of Vivanta Bhubaneswar Expanded the amã Stays & Trails homestay portfolio with the opening of 11 new villas: two in Goa, one each at Alibaug and Khadakvasla, Maharashtra, and seven in Munnar, Kerala HCL’s food delivery platform, Qmin, expanded its offerings with the launch of the first Qmin Food Truck in Mumbai In line with its ethos, IHCL continued to assist the community’s battle against COVID-19 by delivering over 4.5 million meals to the medical fraternity across the country and recently 1,50,000 Qmin meals to flood affected areas of Chiplun and Mahad in Maharashtra. KEY HIGHLIGHTS OF Q1 FY 2021-22 IHCL has opened three new hotels –Year to date (YTD) across brands including: Opened the strategically located bleisure hotel, Vivanta Thiruvananthapuram in Kerala Strengthened India’s religious tourism circuit with the launch of Pilibhit House, an IHCL SeleQtions hotel in Haridwar, Uttarakhand Further tapped into the potential of East India as a business and tourism destination with the launch of Vivanta Bhubaneshwar in Odisha In line with the company’s vision to capture the growing demand for private stays, IHCL has expanded its amã Stays & Trails – India’s first branded homestay portfolio to 44 bungalows with 14 under development with the opening of 11 new villas: two in Goa, one each at Alibaug and Khadakvasla, Maharashtra, and seven in Munnar, Kerala respectively IHCL has signed two new hotels across the Vivanta and Ginger brands including A 775-room hotel, which will be a combination of a 450-room Vivanta and a 325-room Ginger hotel, at Kempegowda International Airport, Bengaluru in partnership with Bengaluru Airport City Limited Strengthens presence in country’s state capitals with the signing of a Vivanta hotel in Ahmedabad, Gujarat Tapping into the demand for innovative food & beverage offerings, IHCL has expanded Qmin – IHCL’s food delivery platform’s – presence in 18 cities across India with the Qmin app available across six other countries, giving people abroad the opportunity to gift meals to loved ones in India The company also marked the occasion of Qmin’s first anniversary with the launch of the first Qmin Food Truck in Mumbai Announced three strategic leadership roles with focus on customer centricity, diversity and inclusion and institutionalizing owner/partner engagement Supported the community’s effort in combating the pandemic by delivering over 4.5 million meals to the medical fraternity, and implementing quarantine facilities for asymptomatic and mildly symptomatic patients across several IHCL hotels. We recently delivered 1,50,000 Qmin meals to flood affected areas of Chiplun and Mahad in Maharashtra Mr. Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL, said, “The company continued to be focused on minimizing losses with stringent spend optimization measures. This, coupled with the revenue increase, resulted in reducing the EBITDA loss by half over the first quarter last year.” Result PDF10-08-2021
