Chalet Hotels Limited announces its results for the first quarter of the fiscal year 2024 ending June 30, 2023.
Key Highlights for Q1FY24: Total Income at INR 3.1 bn, up 21% as compared to Q1FY23, Adjusted EBITDA at INR 1.3 bn, up 24% as compared to Q1FY23.
Hospitality Segment Performance: Revenue at INR 2.8 bn, up by 23% from Q1FY23, ARR at INR 10,317, up by 38% over Q1FY23, Occupancy was at 70%, RevPAR improved by 24% YoY to INR 7,182, Adjusted EBITDA was at INR 1.2 billion, up by 26% from Q1FY23
~68% of the total electricity for hotel portfolio sourced from renewable resources in Q1FY24. Newly launched The Westin Hyderabad HITEC City is completely sold out fromday 1, operated by an all-women team and is run on 100% Green Power.
