Chalet Hotels guides Q1 revenue growth to high-single/low-double digits as domestic demand offsets Gulf shock
Owner of JW Marriott, Westin and Novotel properties expects sequential improvement from Q4's 6% pace, despite Rs 600 cr in foreign cancellations tied to Gulf conflict. Domestic leisure and India-shifted weddings cushion softer corporate travel; FY demand-supply growth pegged at 10-15% across its 11-hotel portfolio.
Chalet Hotels expects sequentially improved Q1 revenue growth in high-single to low-double digits as domestic leisure demand offsets Rs 600 crore in foreign cancellations from Gulf war disruption; corporate travel softens, weddings shift to India.