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By Author
Published on December 27, 2023
In a significant move for Maldives tourism, the Maldives Marketing & Public Relations Corporation (MMPRC), also known as Visit Maldives, has welcomed Fathmath Thaufeeq as its new Chief Executive Officer and Managing Director. Thaufeeq steps into this role succeeding Thoyyib Mohammed, who has been a key figure in guiding the country's tourism, especially during challenging times.
With a Master's in Business Administration from the University of West England, Thaufeeq is not new to leadership roles. Her previous positions include Admin and Procurement Manager at WAMCO and HR & Admin Manager at Jalboot Maldives. These roles, along with her work at ALIA and the Environmental Protection Agency, have equipped her with a diverse skill set, making her an ideal leader for MMPRC.
Thaufeeq is enthusiastic about her new role. She believes in the power of partnerships and is committed to working closely with industry partners to achieve new heights in tourism. She is open to discussions and collaborations, aiming to promote top-notch tourism practices in the Maldives.
MMPRC, under Thaufeeq's leadership, continues its mission to promote the Maldives globally. The Corporation is active in 15 key markets, including India, where it is represented by Think Strawberries. Their strategy includes travel trade shows, brand campaigns, digital marketing, and media engagement, all aimed at showcasing the Maldives' beauty and hospitality to the world.
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By Manu Vardhan Kannan
Published on May 15, 2026
The Indian Hotels Company Limited (IHCL) has announced its consolidated financial results for the fourth quarter and full year ending March 31st, 2026, achieving its sixteenth consecutive quarter of record performance.
For the full financial year FY2025-26, IHCL reported revenue of INR 9,971 crores, reflecting a 16% year-on-year growth. The company recorded EBITDA of INR 3,477 crores and delivered its highest-ever Profit After Tax (PAT) of INR 2,084 crores.
For Q4 FY2026, IHCL posted consolidated revenue of INR 2,845 crores, marking a 14% increase over the previous year. EBITDA stood at INR 1,052 crores with an EBITDA margin of 37%, despite challenges arising from the West Asia conflict.
Commenting on the performance, Puneet Chhatwal, Managing Director & CEO, IHCL, said, “Q4 FY2026 marks sixteenth consecutive quarter of record performance with a Consolidated revenue of INR 2,845 crores, a 14% growth over the previous year, EBITDA of INR 1,052 crores and an EBITDA margin of 37%, notwithstanding the impact of West Asia conflict. For FY2026, the company delivered on its guidance of double-digit revenue growth despite macro-headwinds with revenue of INR 9,971 crores, a growth of 16% leading to an all-time high EBITDA of INR 3,477 crores, EBITDA margin of 34.9% resulting in the best ever PAT of INR 2,084 crores.”
He further added, “IHCL, led by its multi-brand presence across segments coupled with a balanced growth strategy focused on capital light with select investments has delivered consistent performance over sixteen quarters.”
During FY2026, IHCL introduced three new brands, increasing its portfolio of major brands to fourteen. The company also achieved a milestone of 250 hotel signings, taking its overall portfolio to 630 hotels with a pipeline of 255 hotels.
The company further expanded through both inorganic and organic growth, opening or onboarding over 130 hotels across segments. Its expansion strategy strengthened its position in luxury, experiential leisure, and mid-scale hospitality markets.
IHCL also maintained a strong financial position with a gross cash balance of INR 4,345 crores as of March 31st, 2026. The company has proposed a dividend of 25% of Consolidated PAT before exceptional items, including a special dividend to mark IHCL’s 125th Annual General Meeting.
According to the company, FY2026 focused on building a resilient, scalable, and future-ready hospitality ecosystem while continuing long-term growth plans.
By Hariharan U
Sheraton Grand Palace Indore has introduced a new immersive dining concept titled “Sarafa se Chappan,” designed to celebrate the vibrant street food culture of Indore through a curated culinary journey.
The experience brings together the iconic flavours of Sarafa Bazaar’s lively night food scene and the diverse offerings of Chappan Dukan, two of the city’s most celebrated culinary destinations. Hosted at S Café, the initiative transforms familiar street food favourites into a refined, sit-down dining format while preserving their authenticity and regional character.
The specially curated menu features a wide range of Indori street food staples, including Potato Hot Dog, Sweet Potato Spiral, Jeeravan Spiced Corn, Indori Chatpati Bhel, and Tandoori Fruits. Complementing the food selection are locally inspired beverages such as Jamun Shots and Pineapple Crusher, designed to reflect the bold, tangy, and refreshing flavours associated with Indore’s street culture.
The concept is built around storytelling through food, where each dish represents a sensory connection to the city’s culinary heritage. By blending nostalgia with presentation-driven dining, the experience aims to recreate the energy and vibrancy of Indore’s bustling food streets within a premium hospitality setting.
According to the hotel, the initiative is designed to offer guests more than just a meal, focusing instead on immersive dining that engages taste, memory, and culture. The emphasis remains on authenticity, creativity, and regional identity, while presenting street food in a structured and elevated format.
The “Sarafa se Chappan” experience will be available every weekend from 7:00 PM to 11:00 PM at Sheraton Grand Palace Indore, offering guests a curated journey through one of India’s most celebrated food cities.
Charcoal Concepts, the multi-brand restaurant platform under K Hospitality Corp, has announced the appointment of Rohan Sable as its new Chief Executive Officer, marking a significant leadership move for one of India’s leading food services groups.
In his new role, Rohan Sable will oversee the strategic direction, growth, and operations of a diverse portfolio of more than 45 restaurants across India and international markets including London, Colombo, Kuwait, and Dubai. His responsibilities include driving brand vision, business expansion, and operational excellence across marquee brands such as Copper Chimney, Bombay Brasserie, Bombay Borough, and Wagamama India, while also leading new concept development and incubation within the group.
With over 25 years of experience in the hospitality and restaurant industry, Rohan brings a strong track record in operations, brand building, and business expansion. His career includes leadership roles such as Regional COO (South India) at PVR INOX Ltd and Area General Manager Delegate at Accor, along with extensive experience across both Indian and international hospitality formats.
His appointment comes at a time when Charcoal Concepts is entering an ambitious growth phase. The company aims to evolve into India’s premier multi-brand, multi-format, cuisine-driven restaurant powerhouse by 2033. The strategic roadmap includes scaling its footprint from its current presence of 35 outlets in India and 5 international outlets to over 272 outlets across India and global markets over the next eight years.
Under Rohan’s leadership, the company will focus on accelerating expansion, strengthening existing brands, and introducing new dining formats aligned with evolving consumer preferences. His approach is expected to balance operational discipline with innovation, ensuring scalability while maintaining strong brand identity and guest experience.
The leadership transition reinforces Charcoal Concepts’ commitment to innovation, growth, and delivering distinctive dining experiences across markets, further strengthening its position in India’s rapidly evolving food and beverage industry.
For more information, visit K Hospitality Corp
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