ITC Motels, one among India’s main hospitality chains, reported a 54 per cent improve in first-quarter revenue on Wednesday, pushed by a powerful improve in room gross sales.
Consolidated internet revenue got here in at ₹133 crore ($15.5 million) within the quarter ended June 30, in contrast with 86.53 crore final yr.
Income from room gross sales, ITC Motels’ largest section contributing 52 per cent of whole income in 2024, rose 16 per cent within the first quarter, the corporate mentioned.
India’s hospitality sector witnessed sturdy progress in 2024, fuelled by a surge in home journey and elevated demand for wellness and experience-focussed stays, a development that benefited gamers similar to ITC Motels.
Journey retail market in India is projected to greater than double, reaching $6.56 billion by 2030 from $2.47 billion in 2025, in accordance with analysis agency Mordor Intelligence.
ITC Motels, the hospitality arm of ITC, was spun off from its mother or father firm on January 29, 2025.
Within the newest quarter, its income from operations grew 15.5 per cent to ₹816 crore.
Based in 1975, ITC Motels competes with EIH, the mother or father of Oberoi, and Indian Motels, which owns the Taj model. Its portfolio spans luxurious to mid-scale segments throughout six manufacturers.
Revealed on July 16, 2025
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