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MARKETS-ECONOMIC TIMES · INDIAN ·

IHCL's domestic hotel demand strong even as Middle East crisis drags on Dubai business: Puneet Chhatwal

As reported by Markets-Economic Times
Indian Hotels Company Limited anticipates a year-long recovery for its Dubai hotels due to the Middle East crisis, though domestic business remains robust. Despite this, the company is on track for 12-14% topline growth, driven by its expanding capital-light management fee business and a strong pipeline of new hotel openings globally.
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Indian Hotels Company Limited's domestic business remains robust, effectively offsetting the anticipated year-long recovery period for its Dubai hotels due to the Middle East crisis. The company is on track to achieve a substantial 12-14% topline growth. This growth is primarily…

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