IHCL posts ₹600cr profit as meetings and events drive growth
NewsBytes | May 12, 2026 12:39 AM CST
Dubai occupancy 25% IHCL invests ₹1,200cr
IHCL's Dubai hotels took a hit: occupancy dropped to just 25% in the March quarter thanks to flight cancelations and regional tensions.
Still, CEO Puneet Chhatwal shared that things bounced back by late April.
In this fiscal, IHCL is aiming high: they want to open 60 new hotels and are investing ₹1,200 crore mainly into upgrades and expansion.
Plus, shareholders can expect a bigger payout with dividends up by 44%, backed by solid cash reserves.
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