Latest news with #EIHLimited
Skift
08-08-2025
- Business
- Skift
Oberoi Bets on Asset-Light Model With 25 New Hotels in the Pipeline
The Oberoi Group is certainly taking advantage of the upward momentum of the hotel industry in India, but with the Oberoi touch - premium services call for premium prices and EIH Limited is not shying away from charging for it. Indian luxury hotel chain The Oberoi Group plans to add 25 new hotels to its portfolio by 2030, the company's Chief Financial Officer Vineet Kapur said during an earnings call Friday. The expansion will add over 2,000 rooms. The group's next phase of growth will follow an asset-light model. Of the 25 upcoming properties only eight will be owned by parent company EIH Limited, while the remaining 17 will be managed by the group under management contracts. This marks a major shift from the group's current approach. In Oberoi's current portfolio of 29 hotels, only seven are managed by the group. The other 21 are either owned by EIH Limited or involve some level of ownership interest. The group had first announced
Economic Times
06-08-2025
- Business
- Economic Times
EIH Limited announces four new hotels under management contracts across India
Synopsis EIH Limited, Oberoi Group's flagship company, has revealed plans for four new hotels in India. These hotels will be located in Goa, Bengaluru, Gujarat, and Hyderabad. The projects are part of a larger plan to complete 25 properties by 2030. The expansion includes hotels and luxury boats managed through various partnerships. Arjun Oberoi, Executive Chairman, and Vikram Oberoi, CEO, The Oberoi Group EIH Limited, the flagship company of The Oberoi Group, announced the addition of four new hotel projects in India on Wednesday. The announcement was made during the company's 75th Annual General Meeting held in New Delhi, and the chain said the new hotels will be operated under management contracts. The new developments will be located in Goa, Bengaluru, Gujarat, and Hyderabad. The projects include The Oberoi, Gir – A 20-key Oberoi luxury wildlife retreat set amidst a 40-acre mango orchard, located close to Gir National Park; The Oberoi, Hyderabad – A 220-key luxury hotel located at Knowledge City; Trident, Nandi Hills – A 150-key Trident hotel situated in Nandi Hills, north of Bengaluru and Trident, Fort Aguada – A 170-key Trident hotel in close proximity to the historic 17th-century Fort Aguada in chain said these projects form part of EIH Limited's development pipeline of 25 properties scheduled for completion by 2030. This includes 22 hotels and three luxury boats, all of which will be managed by EIH Limited through direct ownership, joint ventures, or management these, eight hotels will be owned or jointly invested in and operated by EIH Limited, while 17, including two Dahabeyas and one Nile cruise, will be operated under management contracts by The Oberoi Group. The pipeline spans 16 hotels in India and nine international properties across London, Egypt, Bhutan, Nepal, and Saudi Arabia. Upon completion, 18 of these will operate under the Oberoi brand and seven under the Trident brand, adding 2,033 keys to the Oberoi, executive chairman of The Oberoi Group, said the growth trajectory is driven by a clear strategic focus: expanding into high-potential markets, delivering authentic and memorable guest experiences, and upholding the service philosophy that defines The Oberoi Group. "As we broaden our footprint, we remain anchored in our core values of excellence, integrity, and care," he added. Vikram Oberoi, CEO of The Oberoi Group said the development strategy is shaped by deep consumer insight, a sharp understanding of market dynamics, and a steadfast long-term vision. "As we open new landmark hotels and earn continued global recognition, we are deeply grateful for the enduring trust our guests place in us. It is a testament to the passion of our people, the strength of our legacy, and our unwavering commitment to redefining luxury hospitality," he added. In 2025, EIH Limited will further strengthen its luxury portfolio with the launch of The Oberoi Rajgarh Palace, Khajuraho, and two Oberoi Nile Dahabeyas. Earlier this year, The Oberoi Vindhyavilas Wildlife Resort, Bandhavgarh opened, bringing global attention to Madhya Pradesh as a luxury wildlife destination. The resort was also featured among the World's Greatest Places by TIME Magazine (USA).
Time of India
06-08-2025
- Business
- Time of India
EIH Limited announces four new hotels under management contracts across India
EIH Limited , the flagship company of The Oberoi Group , announced the addition of four new hotel projects in India on Wednesday. The announcement was made during the company's 75th Annual General Meeting held in New Delhi, and the chain said the new hotels will be operated under management contracts. The new developments will be located in Goa, Bengaluru, Gujarat, and Hyderabad. The projects include The Oberoi, Gir – A 20-key Oberoi luxury wildlife retreat set amidst a 40-acre mango orchard, located close to Gir National Park; The Oberoi, Hyderabad – A 220-key luxury hotel located at Knowledge City; Trident, Nandi Hills – A 150-key Trident hotel situated in Nandi Hills, north of Bengaluru and Trident, Fort Aguada – A 170-key Trident hotel in close proximity to the historic 17th-century Fort Aguada in Goa. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The chain said these projects form part of EIH Limited's development pipeline of 25 properties scheduled for completion by 2030. This includes 22 hotels and three luxury boats, all of which will be managed by EIH Limited through direct ownership, joint ventures, or management contracts. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Of these, eight hotels will be owned or jointly invested in and operated by EIH Limited, while 17, including two Dahabeyas and one Nile cruise, will be operated under management contracts by The Oberoi Group. The pipeline spans 16 hotels in India and nine international properties across London, Egypt, Bhutan, Nepal, and Saudi Arabia. Upon completion, 18 of these will operate under the Oberoi brand and seven under the Trident brand, adding 2,033 keys to the portfolio. Arjun Oberoi, executive chairman of The Oberoi Group, said the growth trajectory is driven by a clear strategic focus: expanding into high-potential markets, delivering authentic and memorable guest experiences, and upholding the service philosophy that defines The Oberoi Group. "As we broaden our footprint, we remain anchored in our core values of excellence, integrity, and care," he added. Live Events Vikram Oberoi, CEO of The Oberoi Group said the development strategy is shaped by deep consumer insight, a sharp understanding of market dynamics, and a steadfast long-term vision. "As we open new landmark hotels and earn continued global recognition, we are deeply grateful for the enduring trust our guests place in us. It is a testament to the passion of our people, the strength of our legacy, and our unwavering commitment to redefining luxury hospitality," he added. In 2025, EIH Limited will further strengthen its luxury portfolio with the launch of The Oberoi Rajgarh Palace, Khajuraho, and two Oberoi Nile Dahabeyas. Earlier this year, The Oberoi Vindhyavilas Wildlife Resort, Bandhavgarh opened, bringing global attention to Madhya Pradesh as a luxury wildlife destination. The resort was also featured among the World's Greatest Places by TIME Magazine (USA).
Time of India
06-08-2025
- Business
- Time of India
75th AGM: Oberoi announces 4 more hotels, including a Trident in Goa
NEW DELHI: Hospitality major Oberoi Hotels announced it will soon open four new hotels in Goa, Gir, Hyderabad and near Bengaluru, at its 75th AGM Wednesday. These will be operated under management contracts, as part of its continued growth strategy. The Oberoi, Gir, will be a a 20-key luxury wildlife retreat in a 40-acre mango orchard near Gir National Park. The Oberoi, Hyderabad, will be a 220-key luxury hotel. Trident, Nandi Hills, will be a 150-key property north of Bengaluru. And Trident, Fort Aguada, will be a 170-key hotel near Fort Aguada in Goa. These four are part of Oberoi parent EIH Limited's development pipeline of 25 properties scheduled for completion by 2030. This includes 22 hotels and three luxury boats, all of which will be managed by EIH Limited through direct ownership, joint ventures, or management contracts. Of these, eight hotels will be owned or jointly invested in and operated by EIH Ltd, while 17, including two Dahabeyas and one Nile cruise, will be operated under management contracts by The Oberoi Group. The pipeline includes 16 hotels in India and nine international properties across London, Egypt, Bhutan, Nepal, and Saudi Arabia. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: Unsold Sofas at Bargain Prices (Prices May Surprise You) Sofas | Search Ads Search Now Undo Upon completion, 18 of these will operate under the Oberoi brand and seven under the Trident brand, adding 2,033 keys to the portfolio. Arjun Oberoi, executive chairman of The Oberoi Group, said: 'Our growth trajectory is driven by a clear strategic focus: expanding into high-potential markets, delivering authentic and memorable guest experiences, and upholding the service philosophy that defines The Oberoi Group. As we broaden our footprint, we remain anchored in our core values of excellence, integrity, and care.' Vikram Oberoi, CEO of The Oberoi Group, said: 'Our development strategy is shaped by deep consumer insight, a sharp understanding of market dynamics, and a steadfast long-term vision. As we open new landmark hotels and earn continued global recognition, we are deeply grateful for the enduring trust our guests place in us. It is a testament to the passion of our people, the strength of our legacy, and our unwavering commitment to redefining luxury hospitality. ' This year EIH Ltd will launch The Oberoi Rajgarh Palace, Khajuraho, and two Oberoi Nile Dahabeyas cruisers. Earlier this year, The Oberoi Vindhyavilas Wildlife Resort, Bandhavgarh opened. Stay informed with the latest business news, updates on bank holidays and public holidays .
Skift
26-05-2025
- Business
- Skift
India's Luxury Hotels Are Underpriced, That Must Change, Says Oberoi CEO
According to Vikram Oberoi, it's time Indian hotels stopped selling themselves short. He's betting that Indian guests are ready to pay more, especially for top-tier stays. Luxury hotels in India are 'significantly underpriced,' according to Vikram Oberoi, managing director, CEO and executive director of EIH Limited. Oberoi said he's keen to change that. 'Our objective is to drive our rates higher, and we've done that during the financial year, and we'll continue to do that going forward,' Oberoi said during the company's earnings call on Monday. EIH Limited operates the Oberoi and Trident hotel brands. Oberoi even suggested the company would rather sacrifice some occupancy if that means stronger pricing. 'If demand continues to be as it is today, our endeavor will be to drive rates up to the largest extent possible, and even if that is at the cost of occupancy. As long as our RevPAR sees strong growth, and I don't see any reason why that will change.' This marks a shift in focus from just filling rooms to making each room night more valuable. He argued that room prices in India's top cities, Delhi, Mumbai and Bengaluru, are well below what the quality justifies, especially compared to global peers. He didn't mince words: 'You can go online and see top hotels around the world in key cities. A good hotel costs $1,000 upwards per night. We are significantly below that threshold. And if I then combine that with the quality of hotels we have in India, in our key cities, I think there's tremendous opportunity for upside in average room rate.' Financial Performance Highlights EIH's financial results back Oberoi's confidence. The company delivered its best-ever performance. EIH reported a 13% year-on-year increase in consolidated EBITDA to INR 11.5 billion ($135 million) for fiscal 2025. Net profit rose by 14% to INR 7.7 billion ($90 million). Revenue from operations grew 9% on a standalone basis to INR 25.35 billion ($298 million) and 10% to INR 28.8 billion ($338 million) at the consolidated level. In the fourth quarter alone, RevPAR (revenue per available room) rose 22% year-on-year across all domestic hotels. Oberoi-owned hotels led the way, with a 24% rise in RevPAR, outpacing the industry average of 16% and even edging out Trident's 22% growth. Occupancy also climbed from 81% last year to 84%. While international operations contributed a smaller share, the growth reported was healthy, with a 10% rise in revenue and a similar growth in EBITDA. Betting on India's Premium Travel Upsurge Oberoi's bullish outlook is also rooted in structural changes in India's economy. 'There's an opportunity to push rates higher, especially with India's rising affluence and growing demand for quality accommodation,' he said. Oberoi also cited the 'significant changes' taking place in the Indian economy. With increasing wealth and affluence there's a desire for quality accommodation and quality hotels that provide exceptional services and experiences to guests, he said. Ultra high-net worth individuals, those with a net worth of $30 million and above, in India grew by 11% last year, according to industry reports cited in the company's presentation. Oberoi sees this as a key demand driver, especially in the luxury leisure segment. Domestic travel is also on the rise. The fourth quarter saw air traffic grow 9% year-on-year. Inbound tourism is projected to rise by 15% in fiscal 2026, buoyed by India's improving global profile and infrastructure upgrades. Coming Up: 21 New Hotels EIH isn't just raising prices, it's also growing its footprint. The company plans to add 21 new properties (roughly 1,500 rooms) over the next 3-4 years. Of these, 12 are in India. EIH's expansion plan includes nine international projects, including cruise ships. Two luxury boats will debut this year, including a Nile cruiser by 2026, alongside properties in Egypt, Nepal, Bhutan and Saudi Arabia. Upon completion, 16 hotels (including the boats and cruiser) will operate under the Oberoi brand and 5 hotels under the Trident brand, representing a total inventory of approximately 1473 keys. In India the openings include Goa, Tirupati, Rishikesh and Bengaluru. This includes both managed and owned assets, with Oberoi stating the company is open to acquisitions and brownfield opportunities to accelerate growth. The group currently operates 4,200 rooms across 30 hotels. Its domestic portfolio includes 3,700 keys, while international properties make up around 500 rooms. What am I looking at? The performance of hotels and short-term rental sector stocks within the ST200. The index includes companies publicly traded across global markets, including international and regional hotel brands, hotel REITs, hotel management companies, alternative accommodations, and timeshares. The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more hotels and short-term rental financial sector performance. Read the full methodology behind the Skift Travel 200.
