Summit Hotels & Resorts has reported a 162% year-on-year increase in net operating profit for the first half of FY 2026–27 (April–September 2026), significantly ahead of its 14% revenue growth during the period. Gross operating profit increased by 41%, while average room rates rose 26%, indicating improved operating performance across the company's leisure hospitality portfolio.

The company recorded an overall occupancy of 60%, with 84,067 occupied room nights during the six-month period. The results come despite the inclusion of the monsoon season, traditionally a challenging period for leisure hotels in the Eastern Himalayas and Northeast India, where adverse weather and reduced tourist movement can affect travel demand.

The increase in net operating profit, considerably higher than revenue growth, points to improved operating margins. Summit attributes its performance to stronger revenue management, operating efficiencies and tighter cost discipline across its properties.

Sumit Mitruka, Founder & CEO, Summit Hotels & Resorts, said, "Our first-half performance demonstrates the progress we have made in strengthening the fundamentals of our business. Achieving 162% growth in net operating profit against 14% revenue growth, particularly during a period that includes the monsoon off-season, reflects better revenue management, operating efficiencies and the commitment of our teams.

"We expect the second half to be considerably stronger, supported by the peak leisure travel season, contributions from newly opened hotels and the expansion of our portfolio across different travel segments. While profitability remains essential to building a sustainable business, our larger purpose is to make every traveller's journey better. We want our guests to experience the warmth of home through safe, clean and comfortable stays, fair pricing and genuine care. This is the philosophy we are strengthening across the organisation through The Summit Way, where kindness towards guests and respect for our employees are as important as our commercial achievements."

Expansion Across Leisure and Spiritual Destinations

Looking ahead, Summit Hotels & Resorts expects stronger business performance in the second half of FY 2026–27, covering October 2026 to March 2027. The company expects the peak leisure travel season and contributions from newly opened properties to support the next phase of growth.

Its expansion strategy covers leisure, spiritual and emerging tourism destinations through three hospitality collections:

• Signature: Premium, destination-led stays.

• Off Beat: Properties in lesser-explored leisure destinations.

• Mandir: Hospitality offerings catering to spiritual and pilgrimage tourism.

The upcoming portfolio includes properties in Varanasi, Salasar and Rishikesh, alongside developments across the Eastern Himalayan region. These additions are expected to expand the company's geographic presence and diversify its demand base beyond established leisure markets.

Building a Culture of Generous Hospitality

Alongside its commercial and expansion priorities, Summit is strengthening its organisational culture through The Summit Way – A Culture of Kindness & Generous Hospitality.

Guided by the purpose of Making Every Journey Better, the initiative focuses on embedding genuine care, fair pricing, employee wellbeing and service consistency across the portfolio. The company positions employee respect and guest experience as central to its approach to sustainable business growth.

With higher room rates, improved operating profitability and a pipeline spanning leisure and pilgrimage destinations, Summit Hotels & Resorts is looking to build on its first-half performance as it enters the peak travel season.

H1 FY 2026–27: Key Performance Highlights

• Net operating profit: 162% year-on-year growth

• Revenue: 14% year-on-year growth

• Gross operating profit: 41% year-on-year growth

• Average room rates: 26% year-on-year growth

• Occupancy: 60%

• Occupied room nights: 84,067

Bharti Real Estate, the real estate arm of Bharti Enterprises and owner of the Worldmark brand, has launched World St. at Worldmark, Aerocity, New Delhi. Spanning 2.6 lakh sq. ft., the new retail and food and beverage destination currently has 29 brands operational, with more openings planned. The launch also marks another step towards the company's larger retail expansion, with a destination mall of approximately 3 million sq. ft. targeted for 2028.

Designed as a social and culinary hub, World St. features a pedestrian-friendly promenade stretching approximately half a kilometre across Worldmark 4, 5 and 6. The development brings together restaurants, cafés, patisseries and retail outlets, along with alfresco dining spaces and green courtyards. Its walkable layout connects the commercial buildings, combining workplace, dining and leisure experiences.

The opening was marked by a two-day celebration. Open Plate, an open-air music festival, took place on 31 October, followed by World St. Live, featuring curated music and street performances, on 1 November.

Speaking about the launch, S. K. Sayal, Managing Director and CEO, Bharti Real Estate, said, “Retail is an integral part of our vision to develop Worldmark into a truly integrated Global Business District. With World St. at Worldmark, we have opened approximately 2.6 lakh sq. ft. of curated retail and F&B space, bringing together leading international and domestic brands in a pedestrian-friendly setting. The destination is designed to offer a vibrant mix of dining, shopping and social experiences, complementing Worldmark’s established commercial ecosystem. With over 20 food and beverage brands and a growing retail offering, this place is emerging as a lively destination for the wider business community as well as visitors from across Delhi-NCR. We believe that integrating high-quality retail and F&B with a world-class business environment will create a more engaging destination, enhance the overall experience for occupiers and visitors, and strengthen Worldmark’s position as a preferred business and lifestyle hub.”

The operational brand portfolio includes PF Chang’s, Magnolia Bakery, L’Opéra, YouMee, PizzaExpress, Chili’s, Kwality, Da Milano, Blue Tokai, PAUL, Starbucks Reserve, Forest Essentials, Mithai by Roseate, Le Marche Select, Mazze, Himalaya Opticals, Mokobara, Columbia, GIVA, Geetanjali, McDonald’s and Nykaa Luxe, among others. Bentley is also part of the announced brand portfolio.

International brands Olive Garden, Selva Maya and Lindt & Sprüngli are making their India debut at the destination. India’s first Time Out Market is also planned as a future addition, further expanding its food and beverage offering.

Looking ahead, Bharti Real Estate plans to develop a destination mall spanning approximately 3 million sq. ft., with around 2.8 million sq. ft. of gross leasable area. The mall is part of Worldmark 2.0, a development spanning approximately 7 million sq. ft. and including around 3 million sq. ft. of delivered office space across Worldmark 4, 5 and 6.

The wider Worldmark development at Aerocity is planned across nearly 17 million sq. ft., bringing commercial, retail, dining and leisure spaces together within an integrated business district.

ITC Hotels Limited has signed a management agreement for Storii Shantiniketan, a 95-key retreat planned in Shantiniketan, West Bengal. Part of the company's Storii by ITC Hotels brand, the property is envisioned as an immersive destination celebrating the region's natural beauty, artistic heritage, literature, handicrafts, music, festivals and traditions.

Commenting on the signing, Anil Chadha, Managing Director, ITC Hotels Limited, said, “Shantiniketan is one of India’s most treasured cultural destinations, offering an unparalleled blend of heritage, art, literature and scenic charm. Storii Shantiniketan has been envisioned as an immersive retreat that celebrates the essence of the destination while delivering the warmth, personalisation and memorable experiences that define the Storii brand. We are delighted to bring a unique hospitality offering to this remarkable location.”

The hotel will feature 95 rooms and suites, along with an all-day dining restaurant, a bar and a lobby lounge. These dining spaces will offer guests opportunities to gather and enjoy local and international flavours.

For events and celebrations, the property will have approximately 5,000 sq. ft. of event space, complemented by landscaped lawns suited to social gatherings, cultural events and corporate retreats. Other facilities will include a swimming pool, fitness centre and a dedicated kids' club.

The design will incorporate traditional architecture, indigenous craftsmanship and local art forms, reflecting the cultural identity of Shantiniketan. The guest experience is envisioned around the region's artistic and cultural traditions, with spaces designed to offer a connection to the destination.

The signing reflects ITC Hotels' continued focus on expanding its leisure portfolio across distinctive destinations with potential for experiential travel and cultural exploration. With its artistic heritage and scenic surroundings, Shantiniketan adds another culturally rooted destination to the company's growing hospitality portfolio.