Latest news with #SterlingHolidayResorts
Time of India
24-05-2025
- Business
- Time of India
Sterling Holiday Resorts Achieves Record Revenue of INR 5,202 Million in FY25, ET TravelWorld
Figures 2 min read Sterling reports record INR 5,202 million revenue in FY25 Sterling Holiday Resorts has crossed INR 5,202 million in annual revenue for FY25, marking 13 per cent year-on-year growth and achieving over INR 1 billion in food and beverage sales. The company now operates 61 resorts with 3,254 rooms across 17 states. With a continued debt-free status and strong EBITDA margin of 34 per cent, Sterling remains optimistic about sustained expansion and growth in India's leisure hospitality sector.
Time of India
24-05-2025
- Business
- Time of India
Sterling Holiday Resorts Achieves Over Rs 500 Crore in Annual Revenue, ET HospitalityWorld
Hotels 2 min read Sterling Holiday Resorts crosses Rs 500 crore annual revenue The company announced its results which included YoY growth of total revenue of 13 percent and 20 consecutive quarters of profit, according to an official release.
Yahoo
15-05-2025
- Business
- Yahoo
Thomas Cook India Ltd (BOM:500413) Q4 2025 Earnings Call Highlights: Record Profits and ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Thomas Cook India Ltd (BOM:500413) reported a robust financial performance with a 19% increase in revenue and a 15% rise in profitability for the full year. The company achieved a 51% increase in quarterly profit, marking the highest ever quarterly profit for this specific quarter. The financial services segment reported a 14% growth in revenue with improved margins, aligning with market guidance. Sterling Holiday Resorts, a subsidiary, achieved a 10% revenue growth and maintained a strong EBITDA margin of 34%, reflecting successful expansion and operational efficiency. The company has successfully expanded its distribution network, adding 21 new locations, and continues to invest in digital tools to enhance customer engagement and operational efficiency. The DEI segment faced challenges throughout the year, including geopolitical issues and operational difficulties, impacting overall performance. The company experienced a dip in margins in the foreign exchange segment due to front-loaded investments, affecting short-term profitability. Despite growth in the travel segment, the corporate travel side faced slower offtake due to budget freezes and tariff impacts, affecting quarterly performance. The closure of US operations in the DEI segment due to high costs indicates challenges in maintaining profitability in certain markets. Seasonality and external factors, such as geopolitical tensions and economic conditions, continue to pose risks to consistent growth across all segments. Warning! GuruFocus has detected 3 Warning Signs with DTRUY. Q: What is the guidance for room addition for Sterling Holiday Resorts in FY 26? A: Vikram Lalvani, MD and CEO of Sterling Holiday Resorts, stated that in FY 525, they added 14 resorts, amounting to about 600 to 700 rooms. In FY 526, they plan to open another 14 to 15 resorts, with room inventory expected to come close to 4,000. Q: What is the expected growth rate for Thomas Cook India Ltd's DI segment over the next couple of years? A: The management expects the DI segment to grow at a compounded rate of around 12% annually. Q: How is Thomas Cook India Ltd addressing the challenges faced by DEI in FY 2025? A: KS Ramakrishnan, CEO of DEI, explained that despite challenges such as geopolitical issues and the closure of US operations, DEI has implemented strong cost controls and enhanced technology. They have renewed over 50 accounts with a total value of $34 million and acquired 30 new accounts, indicating a robust outlook for FY 26. Q: How does Thomas Cook India Ltd plan to maintain or improve occupancy levels with the aggressive expansion of Sterling Holiday Resorts? A: Vikram Lalvani mentioned that the company will continue to expand in the leisure space domestically, focusing on strengthening their presence in wildlife, hill, and spiritual segments. They are also targeting tier 2 and tier 3 towns where there is a mix of leisure and business demand. Investments in technology and distribution systems will support this expansion without adding significant fixed costs. Q: What is the impact of technology on Thomas Cook India Ltd's business, and how are they leveraging AI? A: Mahesh Ayer, Managing Director and CEO, stated that technology is an enabler for seamless customer interaction and operational efficiency. They are investing in AI for customer interactions and corporate travel management, aiming to enhance customer experience and improve productivity. Technology is used to drive customer conversions and improve turnaround times in B2B operations. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Skift
15-05-2025
- Business
- Skift
Thomas Cook India's Hotel Arm to Open 14 Resorts, Moves Upscale
Along with everyone else, Sterling's CEO says the company is "moving the needle" more upscale. Sterling Holiday Resorts, the leisure hotel arm of Thomas Cook India, plans to add at least 14 new resorts in the 2025-26 financial year, Sterling's CEO Vikram Lalvani said during the company's earnings call Wednesday. The brand currently operates 61 properties across India, with 20 more in the pipeline. The hotel arm has been able to increase its average room rates, Lalvani said. Pre-Covid, Sterling's average room rates ranged from INR 3,000–3,500 ($35–40). That figure has nearly doubled to INR 6,200 ($72). 'We are moving the needle towards the upper midscale and the upper upscale segments, and moving away from just the midscale segment that we have,' said Lalvani. Thomas Cook's overall travel segment revenue increased by 15% year-on-year. Leisure Travel Drives Growth: Thomas Cook's leisure business increased by 20% during the financial year. The company operated significant volumes of group and personalized products for the Mahakumbh festival in domestic business. Internationally, the group operated tours for the Japan Cherry Blossom season. The fourth quarter leisure segment results surpassed pre-pandemic levels, CEO Mahesh Iyer said. Thomas Cook also continued to increase its experiential travel offerings. During the year, it launche
Business Standard
07-05-2025
- Business
- Business Standard
Sterling Holiday Resorts launches its 7th resort in Rudraprayag, Uttarakhand
Sterling Holiday Resorts is expanding its footprint to meet this rising demand. The launch of Sterling Kastoori Rudraprayag marks the brand's 11th resort in its spiritual tourism circuit and its 7th property in Uttarakhand, reinforcing Sterling's commitment to offering soulful, immersive stays at India's sacred destinations. According to the recent reports by KPMG in India and PHDCCI, spiritual tourism in India is poised for significant growth in the coming years, driven by rising interest in wellness, pilgrimage, and cultural rediscovery. Sterling is actively tapping into this trend with dedicated resorts at key spiritual hubs across India including Rishikesh, Haridwar, Guruvayur, Tiruvannamalai, Madurai, Puri, Amritsar, Pushkar, Mount Abu, and Badami. The newest addition, Sterling Kastoori Rudraprayag, is located along the Badrinath Highway, just 2 km from the sacred confluence of the Alaknanda and Mandakini rivers. It serves as a peaceful yet well-connected base for Char Dham pilgrims, nature lovers, and trekking enthusiasts.
