ITC Hotels Debuts on BSE at INR 188 with INR 39,000 Crore Market Cap

ITC Hotels Debuts on BSE at INR 188 with INR 39,000 Crore Market Cap

By Manu Vardhan Kannan

Published on January 31, 2025

ITC Hotels made its debut on the stock market with shares opening at INR 188 on the BSE and INR 180 on the NSE, marking a significant milestone for ITC shareholders. The company's market capitalization stood at approximately INR 39,000 crore. However, soon after listing, the stock experienced a 5% dip, touching INR 178.60, attributed to profit booking.

The listing price came in lower than market expectations set earlier on January 6, when special price discovery sessions had valued the stock at around INR 260 on Nifty and INR 270 on the BSE. Under the demerger scheme, ITC retained a 40% stake in the newly independent hotel entity, while the remaining 60% was allocated to shareholders in a 10:1 ratio. Investors who received these shares are advised to consider a medium to long-term holding strategy, according to Akriti Mehrotra, Research Analyst at StoxBox.

ITC Hotels, a major player in India’s hospitality industry, operates 140 hotels across 90+ locations under six brands: ITC Hotels, Mementos, Welcomhotel, Storii, Fortune, and WelcomHeritage. Positioned across the luxury to midscale segments, the company is set to benefit from the rising demand in the tourism sector.

In Q2FY25, ITC Hotels recorded a 12% year-on-year revenue growth, while its EBITDA margin improved by 70 basis points. This growth has been driven by higher revenue per available room (RevPAR), operating leverage, and strategic cost management. Looking ahead, the company plans to add 28 hotels in the next 24 months, targeting over 200 properties in five years. This expansion follows an asset-light model, ensuring steady revenue growth and margin improvements.

The company's Average Room Rate (ARR) increased from INR 7,900 in FY19 to INR 12,000, reflecting a 51.9% surge, while RevPAR saw a 57.7% rise, moving from INR 5,200 in FY19 to INR 8,200 in FY24. Revenue distribution for FY24 showed that 52% came from room sales, 40% from food and beverage, and the remainder from other services.

SBI Securities suggests that any short-term pressure on ITC Hotels’ stock price could present an opportunity for retail and high-net-worth investors to accumulate shares for long-term gains. The brokerage firm believes ITC Hotels has the potential to outperform ITC Ltd over the medium to long term, despite short-term volatility caused by ETF exits. With a strong pipeline of hotel additions and favorable industry conditions, ITC Hotels is well-positioned for sustained growth in the Indian hospitality sector.


Lemon Tree Hotels Expands in Darjeeling with New Keys Prima Property

Lemon Tree Hotels Expands in Darjeeling with New Keys Prima Property

By Manu Vardhan Kannan

Published on April 9, 2025

Lemon Tree Hotels has signed a new property in the scenic hill station of Darjeeling—Keys Prima by Lemon Tree Hotels, further strengthening its presence in West Bengal. The hotel is expected to open its doors in FY26 and will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.

The upcoming property will feature 65 well-appointed rooms, a restaurant, a meeting room, recreation facilities, and other public areas, catering to both leisure and business travellers. It is conveniently located with Bagdogra Airport approximately 70 kms away and Darjeeling Railway Station just 2.5 kms from the site. The hotel will also offer easy accessibility by road, connecting it seamlessly to various parts of the region.

Set against the backdrop of the majestic Kanchenjunga, Darjeeling is fondly known as the “Queen of the Hills.” From its lush tea estates to vibrant local culture, the hill town is a blend of colonial charm and natural beauty. With its serene monasteries, bustling markets, and panoramic mountain views, Darjeeling continues to be a top travel destination.

Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels, shared,

“We are excited to extend our footprint in West Bengal. This new property will enhance our strategic growth in the state complementing our portfolio of two existing hotels and two upcoming properties.”

With this new property signing, Lemon Tree Hotels continues to bring fresh perspectives and offerings to the hospitality landscape of West Bengal.


Experience Holistic Wellness at Niraamaya Retreats, Surya Samudra, This World Health Month

Experience Holistic Wellness at Niraamaya Retreats, Surya Samudra, This World Health Month

By Manu Vardhan Kannan

Published on April 8, 2025

This World Health Month, discover a sanctuary of healing and rejuvenation at Niraamaya Retreats, Surya Samudra, Kovalam. Combining the best of wellness and travel, the retreat invites guests to invest in their physical and mental well-being through carefully curated experiences designed to nourish the body and mind.

Niraamaya’s personalized holistic healing programs offer a gateway to long-term health. From Ayurvedic treatments to mindfulness practices, every experience is crafted to restore balance and promote inner peace.

Guests can indulge in healing therapies such as Aromaya, which uses aromatic essential oils to uplift the senses, and Spie Magic, a blend of Indian and Western techniques aimed at detoxifying the body and revitalizing energy. These treatments create a calming experience that promotes deep relaxation and overall harmony.

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At the Niraamaya Ayurvedic Spa, programs like Abhyanga Snana, a warm, medicated oil massage, are designed to target specific health concerns—from stress relief to body detoxification. Each session is a step toward a healthier, more balanced life.

For mental wellness, the retreat’s yoga and mindfulness sessions offer a peaceful environment for reflection and recharging. With guided meditations and yoga practices, guests can reduce stress and reconnect with themselves in a meaningful way.

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What sets Niraamaya apart is its dedication to sustainable and eco-conscious travel. The retreats are designed to protect and celebrate nature while offering a serene, luxurious escape. Choosing Niraamaya means embracing wellness with a responsible approach that respects the planet.

Celebrate World Health Month with a rejuvenating experience that goes beyond relaxation—redefine your well-being at Niraamaya Retreats, Surya Samudra, Kovalam.


India's Biggest Paw Pageant Crowns Its Furry Stars in a Grand Finale!

India's Biggest Paw Pageant Crowns Its Furry Stars in a Grand Finale!

By Manu Vardhan Kannan

Published on April 5, 2025

India’s biggest celebration of furry companions, the Paw Pageant, recently concluded with a spectacular grand finale! A collaboration between Bark Out Loud, Solitario, and Supertails, the contest received an overwhelming response—1,000+ entries, 8 million+ impressions, and 3 lakh+ interactions from pet parents across the country.

With such enthusiastic participation, the jury faced the tough challenge of selecting 12 outstanding finalists. Their videos were then put to a public vote on social media, igniting a wave of excitement among pet lovers nationwide. The response was phenomenal, with over 2.5 lakh votes pouring in, making this campaign a roaring success!

Among the incredible entries, one stole the show - @thara_taau_ramphal charmed audiences with an adorable and hilarious video, winning hearts across the internet. Garnering 5,400+ likes, 32,000+ shares, and 1,30,000+ impressions, they were crowned the ultimate winner of the Paw Pageant.

The grand prize? A dazzling diamond-studded crown worth ₹7.8 lakh, designed by Solitario—a brand renowned for its sustainable and ethical lab-grown diamonds.

But the celebration didn’t end there! Additional winners included:

  • @casperthefluffycloud – Named the new Face of Bark Out Loud, set to feature in upcoming campaigns with an exclusive professional photoshoot.

  • @pixiethelhasaprincess – The lucky recipient of a year-long supply of Bark Boxes, brimming with exciting goodies from Bark Out Loud and delivered by Supertails.

A huge shoutout to the campaign’s powerhouse brands:

  • Bark Out Loud – A premium pet brand dedicated to enhancing the joy and well-being of furry companions.

  • Supertails – India’s leading digital pet-care platform, offering everything from pet food and supplies to veterinary consultations.

  • Solitario – Experts in lab-grown diamonds, redefining sustainable and ethical jewelry choices.

The Paw Pageant was more than just a competition—it was a celebration of the love and companionship that pets bring into our lives. With such an incredible response, an even bigger and better edition awaits next year. Stay tuned for another paw-some experience!

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