EIH plots 31-hotel pipeline as Oberoi room rates climb 12% despite occupancy dip
EIH (Oberoi/Trident) is layering 2,700 keys onto its 4,209-key base while renovating flagships in Kolkata, Mumbai and Bengaluru. ARR rose 12.2% to ₹26,536 and RevPAR 7.6% to ₹20,758, though occupancy slipped 400bps to 78%. Net cash of ₹860 cr funds ₹690 cr capex; stock is 32% off highs at ₹296.
EIH (Oberoi/Trident) stock corrected 32% from highs; brokerage shifts to accumulate-on-dips. Pipeline of 31 hotels/2,700 keys, renovations at Oberoi Grand Kolkata, Mumbai, Bengaluru. ARR up 12.2% but occupancy slipped 400bps; net cash ₹860 cr supports capex.