Sanjay Sethi, MD & CEO of Chalet Hotels, shared insights on CNBC-TV18 about the company’s Q2 performance. He mentioned that rates and Revenue Per Available Room (RevPAR) grew by about 10%, indicating steady occupancy levels compared to last year.

While he refrained from discussing specific future numbers, Sethi suggested that the hotel industry could see double-digit RevPAR growth.

Despite the ongoing closure of The Dukes Retreat, at Khandala in Maharashtra, for renovations, the company is on track to add 130 rooms in Bengaluru by year-end, expecting these additions to contribute significantly to margins. Additional expansions, including new hotels in Delhi, Navi Mumbai, and Goa, are set to bolster Chalet’s portfolio in the coming years.

In Q2FY25, Chalet Hotels reported a year-on-year revenue growth of 19.9%, reaching ₹377.05 crore compared to ₹314.5 crore in the same period last year. The company’s EBITDA rose by 18.7% to ₹149.5 crore from ₹125.9 crore, while the EBITDA margin slightly declined to 39.6% from 40%.