ITC Hotels’ Strong Growth Momentum Continues
ITC Hotels showed highest-ever Q3 performance with 21% revenue growth.
By SOH Edit Team
India’s robust economic growth, improving travel trends and strong discretionary spending powered a stellar Q3 for ITC Hotels. Luxury, Upper Upscale and Upscale segments saw sustained demand driven by festive spending, weddings and MICE activity. Higher occupancy and ADRs across key markets, supported by targeted digital and loyalty initiatives, delivered industry-leading RevPAR performance—maintaining a 48% premium over the industry.
Operational excellence and asset strategy drive value
Strong topline growth was complemented by disciplined cost management, procurement efficiencies and energy optimisation, resulting in robust margin expansion. Room revenues grew 12%, F&B revenues rose 8%, and consolidated RevPAR increased 13%. Completion of planned renovations across marquee properties enhanced guest experience and realization potential.
Strategic assets continued to scale: ITC Ratnadipa, Colombo achieved EBITDA positivity on a YTD basis while sustaining RevPAR leadership, and Sapphire Residences commenced apartment handovers. The Company also secured land at Yashobhoomi, Dwarka for a premium 5-star hotel, reinforcing its presence in India’s convention-led hospitality ecosystem.
Q3 Highlights
- Consolidated Revenue: ₹1,231 cr (+21%)
- EBITDA: ₹467 cr (+23%)
- PAT: ₹307 cr (+42%)
- World’s Leading Sustainable Organisation – World Sustainable Travel & Hospitality Awards 2025
- Best Luxury Hotel Chain – Travel + Leisure, 9th consecutive year
A strong operating environment, structural demand-supply imbalance and disciplined execution position ITC Hotels well for sustained, profitable growth ahead.
