Chalet Hotels Limited announces its results for the third quarter of the fiscal year 2025 ending December 31, 2024.
Key Highlights for Q3FY25
1. Total Income at INR 4.6 bn, up 22% as compared to Q3 FY24
2. Total EBITDA at INR 2.1 bn, up 23% as compared to Q3 FY24
Hospitality Segment Performance
1. Revenue at INR 4.0 bn, up by 17% from Q3 FY24
2. ADR at INR 12,944, up by 18% over Q3 FY24
3. Occupancy was at 70%
4. RevPAR improved by 16% YoY to INR 9,090
5. EBITDA was at INR 1.8 bn up by 16% from Q3 FY24
Other Highlights
1. The Rental and Annuity segment saw an additional 0.4 msf leasing within the quarter.
2. Chalet Hotels Limited was honoured as one of the top 5 hotel developers in India by the prestigious Hospitality Horizon Awards 2024.
3. Chalet Hotels Limited has received the Great Place To Work ®, India certification for the sixth consecutive year.
Consolidated Performance for Q3FY25
Segmental Performance for Q3FY25
Development Pipeline Updates:
1. Hotel inventory expansion at Bengaluru Marriott Hotel Whitefield (~125-130 rooms) in Q4 FY25.
2. Renovation, upgradation and expansion of The Dukes Retreat (65 rooms) completion in Q1 FY26.
3. ‘Taj’ at the T3 Terminal Delhi International Airport (385-390 rooms), ‘Hyatt Regency’ at Airoli, Navi Mumbai (~280 rooms) and CIGNUS POWAI ® Tower II in Mumbai are scheduled for completion in FY27.
4. Renovation of Four Points by Sheraton Navi Mumbai has commenced. Currently 35 rooms are under renovation and not available for sale.
5. New leisure hotel in Goa scheduled for commencement during FY28.
Speaking on the financial results, Sanjay Sethi, MD & CEO, Chalet Hotels Limited says, “Our strongest- ever quarterly performance, reflects our relentless pursuit for excellence. We continue to invest in value accretive growth, fostering innovation and sustainable progress. Being recognised as a Great Place to Work for the sixth consecutive year further solidifies our position as a modern leader, delivering outstanding value to all stakeholders.”
