Royal Orchid Hotels expects 80% occupancy in Q3-Q4 2024, up from 70% in Q1, with President Arjun Baljee optimistic about recovery.

Royal Orchid Hotels, operating 107 properties, anticipates an occupancy rate of about 80% for the third and fourth quarters of 2024, according to President Arjun Baljee. The company faced a 70% occupancy in Q1 due to low business travel, a heatwave, and competition from international destinations. Baljee is optimistic about recovery, citing positive trends for upcoming quarters. In Q1, the company reported an income of Rs 77.66 crore and a profit after tax of Rs 8.72 crore.

September 08, 2024
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