Sterling Posts Record Q1 Results, Eyes Bigger Growth in FY26

Sterling Posts Record Q1 Results, Eyes Bigger Growth in FY26

By Manu Vardhan Kannan

Published on August 8, 2025

Sterling Holiday Resorts Ltd. has kicked off FY26 with a record-breaking first quarter, reporting its highest-ever Q1 performance. The hospitality company posted ₹1,392 million in revenue, marking an 8% year-on-year growth, while EBITDA surged by 25% to ₹514 million. With Profit Before Tax rising 27% to ₹371 million, the company continues to operate debt-free, holding cash reserves of ₹2,963 million.

Sterling’s performance reflects strong demand for experiential holidays, as well as disciplined cost management. Despite expanding room inventory by 21% year-on-year, the company maintained pricing strength with Average Room Rates (ARR) steady at ₹7,089. Room revenue rose by 11%, while Food & Beverage revenue saw a 16% increase, a sign of balanced and healthy growth.

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Vikram Lalvani, Managing Director and CEO of Sterling Holiday Resorts Ltd., said, “This quarter marks the start of a pivotal shift for Sterling, from a phase of transformation to one of high-performance execution. With a strong foundation in people, brand, and technology, we are now poised to scale with purpose, delivering exceptional holidays while creating lasting value.”

The company expanded its footprint by adding two new resorts: Sterling Kastoori in Rudraprayag and Sterling Vanavasa in Lansdowne, bringing the total to 54 destinations nationwide. Sterling has built a dominant presence in states like Rajasthan, Uttarakhand, Tamil Nadu, and Kerala, with strong offerings across wildlife destinations and the Himalayas.

Guest experience remains a key strength, with 30 resorts receiving Trip Advisor Travelers’ Choice Awards. Notably, Sterling Kanha earned the “Best of the Best” award for the third consecutive year, reinforcing Sterling’s commitment to outstanding service.

Sustainability is also central to Sterling’s growth strategy. Through its Sterling Sankalp initiative, the company expanded solar and heat pump installations and replaced plastic bottled water with in-house bottling across multiple resorts. Additionally, in partnership with the Fairfax India Charitable Foundation, Sterling facilitated the installation of dialysis machines in seven hospitals, extending its impact beyond hospitality.

Looking ahead, Sterling is set to accelerate its growth in FY26 with a pipeline of over 20 new resorts. Supported by strong travel trends and investments in technology, people, and brand, the company is transitioning into a new era of responsible scaling and guest delight across India.


Eight Continents Expands Ocho Homes with New Properties in Belfast and Navi Mumbai

Eight Continents Expands Ocho Homes with New Properties in Belfast and Navi Mumbai

By Manu Vardhan Kannan

Published on September 18, 2025

Eight Continents Hotels and Resorts, a luxury hospitality and hotel management group redefining bucket-list travel, has strengthened its Ocho Homes brand with the addition of two new extended-stay properties, one in Belfast, United Kingdom, and another in Parsic Hill, Navi Mumbai, India. The development underscores the group’s mission to provide luxurious, convenient, and home-like stays for modern travellers.

The new Ocho Homes property in Belfast features seven elegantly designed rooms, enhancing the brand’s presence in a city renowned for its rich cultural heritage and thriving business community. This addition brings the total number of Ocho Homes properties in Belfast to two, complementing the existing Wellesley Avenue property.

In India, Ocho Homes Living Belapur makes its debut with ten well-appointed rooms in the Parsic Hill area of Navi Mumbai. Located just 22 km from Navi Mumbai Airport and near key landmarks like DY Patil Stadium, the property offers travellers excellent connectivity. Guests can choose from two stay categories: Living and Lux, tailored to suit varied preferences within the extended stay segment.

Ocho Homes stands apart by offering more than just accommodation. With flexible stay options, thoughtfully designed interiors, and a focus on community-driven experiences, it appeals to corporate travellers, expatriates, and leisure guests alike. The emphasis on well-being, connectivity, and local character ensures every stay is both comfortable and memorable.

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Haninder Sachdeva, CEO of Eight Continents Hotels and Resorts, said:

“The addition of two new properties under the Ocho Homes portfolio reflects our focus on building a brand that travellers can consistently trust for extended stays. Our approach is centred on creating thoughtfully designed spaces that balance convenience with comfort, while also carrying the character of the destinations they are part of. By strengthening the Ocho Homes identity across both established and emerging markets, we are ensuring the brand remains a preferred choice for guests looking for reliability, style, and a sense of belonging during their travels.”

With these latest openings, Eight Continents continues to expand the Ocho Homes portfolio across strategic markets in Asia and Europe, aiming to serve the growing demand for extended stay hospitality. By combining innovation, comfort, and personalised service, the brand seeks to set new benchmarks in the evolving landscape of luxury travel.


Devil Circuit Lucknow Debut Draws 5,000+ Thrill-Seekers with Omaxe

Devil Circuit Lucknow Debut Draws 5,000+ Thrill-Seekers with Omaxe

By Hariharan U

Published on September 18, 2025

Lucknow witnessed an adrenaline-packed weekend as Devil Circuit Season 13 made its debut in the city with the support of Omaxe Group. The event, held on 14th September, attracted more than 5,000 participants, including fitness lovers, adventure junkies, and everyday thrill-seekers from across India.

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Touted as one of the toughest obstacle races in the country, Devil Circuit is all about endurance, determination, and teamwork. Competitors pushed themselves through a series of physically demanding challenges, each designed to test agility, strength, and mental grit.

For Omaxe, joining hands with Devil Circuit in Lucknow went beyond just hosting a global-format event. It was about inspiring a culture of fitness, wellness, and community spirit. The Omaxe team itself stepped onto the track, embodying unity and enthusiasm while encouraging others to break barriers. This collaboration follows the group’s earlier partnerships as venue hosts in Delhi, Chandigarh, and Indore.

The roaring success of the inaugural edition in Lucknow has now set a new standard for adventure and fitness gatherings in the region. With its growing popularity, Devil Circuit continues to be more than just a race — it’s a celebration of resilience and the will to go beyond limits.


From the Maldives to the World: Atmosphere Core Sets Its Sights on Global Expansion

From the Maldives to the World: Atmosphere Core Sets Its Sights on Global Expansion

By Manu Vardhan Kannan

Published on September 17, 2025

Set against the backdrop of a thriving international travel and hospitality sector, Atmosphere Core, a fast-growing hospitality group, gathered its top 30 senior leaders in Dubai on 9th and 10th September 2025 for the annual leadership summit. The central message of the two-day event was clear: global expansion.

During the summit, senior leaders aligned on strategic priorities and reinforced collaboration as the group looks beyond its current presence in the Maldives, India, Sri Lanka, and Nepal to new destinations across Asia and Europe. The sessions emphasized Atmosphere Core’s progressive approach to leadership and its commitment to creating exceptional guest journeys.

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Speaking on the occasion, Mr. Salil Panigrahi, Managing Director of Atmosphere Core, said, “Global expansion is our new direction. As global nomads, we carry with us the Joy of Giving philosophy, the spirit that defines our brands and our people. This annual gathering ensures we remain united, focused, and motivated to move forward. Leadership is about knowing when to push with clear goals and when to pull by guiding and inspiring. Reliability builds trust, and emotional intelligence connects us to our teams and guests. Together, these qualities will drive us as we extend our vision across continents.”

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Founded in the Maldives just 12 years ago, Atmosphere Core has grown to nine private island resorts and one heritage hotel in India. The group has an ambitious pipeline of 17 hotels across India and upcoming projects in Italy, Nepal, and Sri Lanka. In 2026, Atmosphere Core is set to launch six new properties, further strengthening its international presence.

Atmosphere Core is also credited with reshaping the all-inclusive resort experience in the Indian Ocean through its pioneering ‘Holiday Plan’ concept, which elevated the standard of indulgence and personalization for global travelers.

The 2025 Leadership Summit reaffirmed the company’s commitment to cultivating strong leaders who can build resilient teams, deliver exceptional hospitality, and reinforce Atmosphere Core’s position on the global stage.

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