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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.
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Published on April 29, 2025
Luxury living in Delhi today is defined by experiences rather than just marble floors and skyline views. The city's most luxurious condominium clubs are setting new standards, offering leisure, dining, and wellness options that rival even Delhi’s finest restaurants and hotels.
ONE Midtown Club by DLF, Moti Nagar
Spread across multiple podium levels, ONE Midtown Club is the vibrant hub of the DLF One Midtown community in Moti Nagar. The club features a 34-seat restaurant, a sophisticated bar, a sprawling 12,000 sq. ft. pool area, one of the largest resident gyms in Delhi, and thoughtfully designed community spaces. It offers an infinity swimming pool with five distinct zones, a dedicated kids' play area, a multipurpose hall for events and meetings, and a games room and convenience store. Residents can also unwind at the salon and spa, dine at the restaurant or café, and socialize at the luxurious bar. Managed by DLF Hospitality, the club offers world-class amenities that make it a space for connection, recreation, and endless possibilities.
Club Ishva by TARC, Sector 63A
Located in a luxury TARC development in Gurgaon, Club Ishva is among NCR’s most comprehensive residential clubhouses. With lounges, party spaces, a high-tech gym, spa, yoga and Zumba studios, intelligent parking, and meeting rooms, it feels like a private country club. Built for daily indulgence and community connection, Club Ishva offers a seamless blend of comfort and luxury.
Leela Sky Villas Club, Kirti Nagar
Part of Delhi’s tallest residential building, this clubhouse is managed by The Leela and brings together royal hospitality and modern elegance. Residents enjoy signature dining experiences, a full-service spa, a heated indoor swimming pool, and serene yoga and meditation areas. With private lounges and dedicated concierge services, living here feels like staying in a seven-star hotel while enjoying all the comforts of home.
Godrej South Estate Club, Okhla
Nestled in the lush surroundings of Okhla, Godrej’s clubhouse focuses on wellness, combining responsible design with modern luxury. It features air purifiers throughout, a state-of-the-art fitness center, spa-inspired rooms, and a temperature-controlled pool. Peaceful cafés and lively party lounges create spaces that rejuvenate the mind and body, offering a refreshing way to experience luxury living.
Unity in The Amaryllis Club, Karol Bagh
In the heart of Central Delhi, Unity The Amaryllis offers a perfect blend of luxury and comfort through its expansive clubhouse. Game rooms, an Olympic-sized pool, banquet facilities, a state-of-the-art gym, and relaxing steam rooms provide residents with the amenities they love most about hotels, without ever needing to check out. Landscaped gardens, cozy cafés, and communal lounges complete the experience of vibrant, everyday luxury.
These five opulent clubs are redefining what it means to live luxuriously in Delhi. Whether it's sipping wine under the stars or floating in a stunning infinity pool, these clubhouses deliver an elevated lifestyle you’ll never want to leave.
Published on April 28, 2025
Stone Wood Hotels & Resorts marked Earth Day 2025 with a series of hands-on sustainability initiatives across its properties, staying true to its commitment to responsible hospitality. The group organized engaging eco-friendly activities that brought guests, staff, and local communities together to nurture the environment and spread awareness.
At Stone Wood Beach Resort in Vagator, guests enthusiastically participated in a tree plantation drive, planting saplings that will add to the lush green surroundings for years to come. Families, solo travelers, and nature enthusiasts all joined in, learning about native plants and their role in maintaining ecological balance.
Meanwhile, Aralea Beach Resort by Stone Wood Premier hosted a beach cleaning drive, where staff and volunteers worked together to remove plastic waste and debris from the shoreline. This collective effort not only beautified the beach but also shone a spotlight on the importance of fighting marine pollution.
Over in Amboli, the team at Stone Wood Hotel conducted a local clean-up drive, focusing on community spaces around the hotel. The initiative encouraged environmental care and civic responsibility, reinforcing the brand’s long-standing commitment to giving back to the communities it serves.
Sibaya Beach Resort also joined the celebration by organizing another tree planting event. Guests worked alongside the resort team, planting trees and discussing the positive impact of reforestation on the environment and local biodiversity.
Reflecting on the day’s activities, Shikhar Kumar, Managing Director of Stone Wood Hotels & Resorts, said, "Earth Day is not just a symbolic event for us—it’s a celebration of our ongoing journey toward sustainability. We believe that even small acts, when done collectively, create meaningful impact. This year’s guest and staff involvement has been truly heartening and reflects our brand’s deeper ethos of responsible hospitality.”
Stone Wood Hotels & Resorts’ Earth Day celebrations showcased its dedication to creating immersive, mindful experiences for guests while prioritizing environmental stewardship. With more green initiatives lined up, the brand continues to weave sustainability into every aspect of its operations, setting an inspiring example for the hospitality industry.
Published on April 27, 2025
Sika Design, the renowned Danish brand celebrated for its soulful craftsmanship and timeless rattan furniture, has launched its newest collection at World Bazaar, located on MG Road, New Delhi. Known as India’s most trusted name in luxury outdoor living, World Bazaar offers a curated space where some of the finest global outdoor brands come together to meet the aspirations of Indian homes, resorts, and retreats.
For over two decades, World Bazaar has been a pioneer in introducing international outdoor furniture to India. As the largest importer of luxury outdoor brands in the country, it has played a key role in shaping beautiful outdoor spaces across premium residences, iconic hotels, and destination resorts, from stylish homes in Lutyens’ Delhi to serene beachside and hillside retreats.
With the launch of the new Sika Design collection, World Bazaar continues its tradition of bringing soulful design to India. Speaking about the launch, Randip Dhingra, CEO of World Bazaar, said, "Sika Design is not about trends. It's about stories and slowness and the kind of craftsmanship that holds memory. Bringing their new collection to our showroom felt natural—it aligns perfectly with how we see design evolving in India: softer, more mindful, more real.”
Founded in Denmark in 1942, Sika Design has earned a reputation for creating refined furniture using natural rattan, one of the most sustainable materials available. The new collection features signature pieces such as the iconic Egg Chair, breezy dining setups, cozy daybeds, and sculptural accent furniture. Each piece is designed to blend effortlessly into a variety of spaces, from urban balconies to serene villas, offering comfort, warmth, and lightness.
The charm of the collection lies in its subtlety. These pieces don't compete for attention—they breathe and belong, making them ideal for Indian homes that are embracing a shift from excess to essence.
At World Bazaar, every piece is carefully selected not just for its aesthetic value but for the emotions it evokes. The MG Road showroom offers more than just furniture—it provides a sensory experience where clients, architects, and design lovers can explore textures, materials, and honest craftsmanship that stands the test of time.
The new Sika Design collection is now available in-store. Visitors are invited to experience the collection firsthand at:
World Bazaar
843/1, Mehrauli-Gurgaon Road,
Ghitorni, New Delhi-110030
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