Radisson Blu Palace Resort & Spa, Udaipur, Surpasses Historic INR 100 Crore Revenue Mark

Radisson Blu Palace Resort & Spa, Udaipur, Surpasses Historic INR 100 Crore Revenue Mark

By Nishang Narayan

Published on January 18, 2025

Radisson Blu Palace Resort & Spa, Udaipur, a beacon of luxury and elegance, has achieved a significant milestone by crossing the INR 100 crore revenue mark in 2024. This historic achievement underscores the resort’s growing reputation as a premier destination for luxury experiences and highlights its strategic focus on maximizing revenue streams.

Driving Forces Behind the Success

A key contributor to this achievement was the luxury wedding segment, which recorded a 24% growth compared to the previous year. The property’s strategic renovations, including enhanced banquet halls and guest facilities, along with its personalized services, cemented its position as a trusted venue for grand celebrations. In 2024 alone, Radisson Blu Udaipur hosted 75 weddings, showcasing its growing appeal for premium destination weddings.

Mr. Somesh Agarwal, Chairman and MD, expressed pride in this accomplishment, stating:
"Crossing the INR 100 crore revenue milestone is a historic achievement for Radisson Blu Udaipur Palace Resort & Spa, marking a significant chapter in our journey. This success reflects the relentless dedication and hard work of our outstanding team, led by Vice President Mahesh Singh Jasrotia. It also stands as a testament to our patrons' unwavering trust and support. Together, we look forward to setting new benchmarks in luxury hospitality and creating unforgettable experiences for our guests."

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Looking Ahead: Expansions and Innovations

Radisson Blu Udaipur has ambitious plans to expand its offerings, including:

  • Adding 100 rooms to the existing inventory to cater to the growing demand.
  • Tech-driven innovations, such as:
    • AR and VR tools to offer immersive experiences for event planning and tours.
    • AI integration to streamline operations, from vendor selection to guest management.
  • Comprehensive destination wedding packages combining travel, accommodation, and personalized services to meet the unique preferences of couples.

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About Radisson Blu Palace Resort & Spa, Udaipur

Nestled amidst eight acres of scenic beauty, Radisson Blu Palace Resort & Spa, Udaipur, offers 244 elegantly designed rooms with stunning views of Fateh Sagar Lake and the Aravalli Range. Renowned for its premium event spaces and proximity to Udaipur’s cultural landmarks, the resort blends modern luxury with timeless hospitality, making it a top choice for unforgettable celebrations and getaways.

Radisson Blu Udaipur’s remarkable revenue milestone highlights its unwavering commitment to excellence and innovation in the hospitality industry, setting new benchmarks for luxury experiences in India.


Royal Caribbean Group raises dividend by 33% to $1 per share

Royal Caribbean Group raises dividend by 33% to $1 per share

By Manu Vardhan Kannan

Published on September 14, 2025

Royal Caribbean Group (NYSE: RCL) has announced a significant increase in its shareholder returns, declaring a 33% hike in its quarterly dividend. The company’s Board of Directors approved a dividend of $1.00 per common share, payable on October 13, 2025, to shareholders of record at the close of business on September 25, 2025.

Jason Liberty, President and CEO of Royal Caribbean Group, said the move underscores the company’s confidence in its performance and long-term growth strategy. “Today’s dividend increase reflects both the strength of our performance and our commitment to return capital to shareholders. This increase in dividend, along with our ongoing share repurchase program, highlights our balanced approach to capital allocation, returning value to shareholders while funding future growth,” Liberty stated.

Royal Caribbean Group is a global leader in the vacation industry, operating a fleet of 68 ships across five brands that serve millions of guests annually. Its portfolio includes Royal Caribbean International, Celebrity Cruises, and Silversea, as well as land-based experiences such as Perfect Day at CocoCay and the Royal Beach Club collection. The company also holds a 50% joint venture in TUI Cruises, which manages brands like Mein Schiff and Hapag-Lloyd Cruises.

With a reputation for innovation and guest-focused experiences, Royal Caribbean Group continues to expand its global footprint while maintaining its commitment to responsible and sustainable growth.


Apeejay Surrendra Park Hotels Reports Rs 13 Crore Net Profit in Q1 FY26

Apeejay Surrendra Park Hotels Reports Rs 13 Crore Net Profit in Q1 FY26

By Manu Vardhan Kannan

Published on August 18, 2025

Apeejay Surrendra Park Hotels Limited (ASPHL) announced its financial results for Q1 FY26, recording a net profit of Rs 13 crore. Revenue from operations stood at Rs 154 crore, a 14% increase year-on-year, while operating EBITDA grew 16% YoY to Rs 45 crore. The company maintained an industry-leading occupancy of 92%, reaffirming its leadership in the hospitality sector.

ASPHL’s growth is fueled by expansion into Tier 2 and Tier 3 markets. The company recently signed an MoU to acquire and manage four leisure properties in Goa, Manali, Shimla, and Dharamshala, adding 138 rooms under its brand. These steps align with ASPHL’s strategy to broaden its presence in high-potential tourism destinations and double its key count to 5,750 over the next five years.

Flurys, ASPHL’s iconic bakery and confectionery brand, now operates 102 outlets nationwide, reflecting the company’s focus on expanding its market presence while integrating modern amenities with rich cultural heritage.

Commenting on the performance, Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels, said,

"We have delivered an extraordinary and best-ever Q1, setting a strong momentum for the year ahead. With topline growth of 14% and EBITDA growth of 16%, we recorded India’s highest occupancy of 92% and maintained leadership in RevPAR in the upper-upscale segment. ARR improved by 13% and RevPAR increased by 12%. With nearly 600 new rooms added, including a 41% rise in our asset-light model, and nationwide Flurys rollout, we are poised to scale faster, enhance margins, and deliver exceptional shareholder value."

ASPHL’s strong performance in Q1 FY26 underscores its strategic focus on market expansion, operational excellence, and premium guest experiences.


Marriott Announces Dividend and Expands Share Buyback Plan

Marriott Announces Dividend and Expands Share Buyback Plan

By Manu Vardhan Kannan

Published on August 10, 2025

Marriott International, Inc. has declared a quarterly cash dividend of 67 cents per share on its common stock, reaffirming its commitment to delivering shareholder value. The dividend will be paid on September 30, 2025, to shareholders who are on record as of August 21, 2025.

Alongside the dividend announcement, the hospitality giant also revealed an expansion of its share repurchase program. The board of directors has authorized the repurchase of an additional 25 million shares of its Class A common stock. This comes in addition to the approximately 7.4 million shares that were still available under previous authorizations as of July 30, 2025.

Marriott has already bought back 6.4 million shares this year, amounting to $1.7 billion. These moves reflect the company’s continued confidence in its financial stability and long-term performance, aiming to strengthen shareholder value through strategic capital allocation.

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