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.


Sussanne Khan Unveils ‘The Charcoal Project’ in Hyderabad

Sussanne Khan Unveils ‘The Charcoal Project’ in Hyderabad

By Manu Vardhan Kannan

Published on February 21, 2025

Celebrity designer Sussanne Khan has unveiled ‘The Charcoal Project’ (TCP) in Hyderabad, expanding her vision of luxury interior design. Since its inception in 2011, TCP has been at the forefront of curated home aesthetics, blending craftsmanship with storytelling. As the brand marks its 14th anniversary, Khan’s latest venture brings a unique design experience to Hyderabad, redefining the city's interiors landscape.

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This milestone project also features a creative collaboration with Gauri Khan Designs, adding an extra layer of elegance to the space. Sussanne and Gauri, both renowned figures in the design world, share a deep admiration for each other’s work. Their partnership brings a dedicated floor within TCP’s six-storey gallery, showcasing Gauri Khan’s signature aesthetics and celebrating a fusion of two pioneering design philosophies.

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imageSharing glimpses of the new store on Instagram, Sussanne expressed her excitement, referring to TCP Hyderabad as her “new baby.” She wrote, “Just a little sneak peek into our ‘World of Charcoal’. Looking forward to opening our doors to all of you on 27th February 2025.”

The Charcoal Project, Hyderabad, promises to be a game-changer in home furnishings, offering a meticulously curated retail experience. Partnering with Electronics Mart India Ltd (EMIL), this venture is set to become a landmark for design enthusiasts in the city.


Top 5 Arcade Gaming Zones to Visit for an Unforgettable Hangout with Friends

Top 5 Arcade Gaming Zones to Visit for an Unforgettable Hangout with Friends

By Nishang Narayan

Published on February 19, 2025

Looking for the perfect place to challenge your friends, enjoy high-tech games, and make lasting memories? Whether you love VR gaming, bowling, racing simulators, or classic arcade fun, these top gaming zones have it all.

1. BLAAST - The Ultimate Entertainment Destination

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Blaast is a paradise for gaming enthusiasts, featuring a VR Free-Roam Area, cricket & golf simulators, arcade battles, pool tables, trampoline zones, and more. For thrill-seekers, the tallest rope course and high-tech gaming battles make for an intense challenge. With exciting attractions, Blaast guarantees non-stop fun.

Location: 2nd Floor, Entertainment Land Mall, Sector 83, Near Khirki Dhaula, Gurugram
Timings: 11 AM – 10 PM

2. SMAAASH, Dwarka – The Ultimate Fun Destination

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SMAAASH is a perfect blend of virtual reality, bowling, racing simulators, and classic arcade games. Compete in Twilight Bowling, Air Hockey, or VR cricket and then unwind at the in-house café with your squad. It’s an ideal spot for a fun-filled day with friends.

Location: Vegas Mall, Dwarka, Delhi
Timings: 11 AM – 11 PM

3. Timezone – Nostalgic & Modern Gaming Fun

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Timezone offers a mix of old-school and modern gaming experiences, from racing simulators and claw machines to VR adventures. With multiple locations across Delhi NCR, it’s a must-visit for an action-packed gaming session with friends.

Locations: Ambience Mall (Gurgaon & Vasant Kunj), Pacific Mall, Noida
Timings: 11 AM – 9:30 PM

4. Mastiii Zone – The Ultimate Play Zone

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Mastiii Zone in Grand Venice Mall, Greater Noida, is a massive gaming hub with over 150 attractions, including bowling, a shooting range, a haunted house, VR games, a trampoline park, and more. It also boasts India’s only indoor zipline (as claimed). Suitable for all age groups, Mastiii Zone offers an adventurous day out.

Location: Grand Venice Mall, Greater Noida
Timings: 11 AM – 10 PM

5. Zoreko – Epic Hangout Destination

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Zoreko is the go-to place for an exciting hangout, featuring bowling, arcade games, VR experiences, dance-off stations, and a variety of delicious food. Known for its proprietary gamification technology, it includes bike racing simulators, motor racing, and go-karting tracks. Perfect for those who love gaming and adventure.

Location: Rajouri Garden, New Delhi
Timings: 11 AM – 11 PM

These gaming zones offer thrilling experiences and exciting activities, making them the perfect destinations for a fun-filled day with friends and family.


Budget 2025: Tourism Sector Optimistic Amid Infrastructure Boost

Budget 2025: Tourism Sector Optimistic Amid Infrastructure Boost

By Manu Vardhan Kannan

Published on February 14, 2025

Budget announcements set the economic direction for the year, shaping sectoral growth through taxation, incentives, and infrastructure investments. For the tourism and hospitality industry, the latest budget offers a strong push for infrastructure modernization, aiming to position India as a top-tier global travel destination.

Industry Insights on the Budget Impact

 Shylender Jindal, Managing Director, SKIL Travel:

"The budget’s focus on developing infrastructure and heritage circuits aligns with India's growing tourism ambitions. The rise of medical tourism, wellness retreats, and experiential travel presents immense opportunities. While the long-term outlook is promising, immediate relief measures like tax benefits and investment incentives would have been welcomed. Nevertheless, we are ready to align our strategies with evolving market conditions."

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 Louis D’souza, Director, Tamarind Global:

"Strengthening infrastructure and regional connectivity is a game-changer for tourism. Enhanced roadways, rail networks, and air routes will make even lesser-known destinations more accessible, unlocking new opportunities for domestic and international travelers. While these are positive steps, additional policy measures, such as GST reforms on hotel tariffs and incentives for sustainable tourism, could further accelerate growth. Still, recognizing tourism as a key economic driver is an encouraging move."

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 Prabhakar Kamat, Business Head, Red Dot Representations:

"The budget’s push for upgrading tourism infrastructure - especially in lesser-explored regions - is a step in the right direction. Making such destinations more accessible encourages travel diversification. However, for the hospitality sector to reach its full potential, policy reforms and financial incentives remain crucial. Sustainable tourism also needs stronger backing for long-term impact. If executed effectively, this budget could transform India's tourism industry."

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While the true impact of the budget unfolds over time, effective planning and adaptability will be key for businesses to leverage these policy shifts for sustained growth.

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