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By Author
Published on February 18, 2024
Yatra Online, a leading name in corporate travel and online travel booking, has unveiled impressive financial results for the third quarter of the fiscal year 2023-24, marking a significant 23% increase in revenue year-on-year. This growth streak places Yatra in a strong market position, highlighting its successful strategies in capturing market share and establishing solid brand recognition.
The company's revenue from operations reached INR 1,103 million, a 23% increase from the same quarter last year. However, the journey wasn't without its hurdles. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBIDTA) saw a 25% decline, standing at INR 48 million. Similarly, adjusted EBIDTA decreased by 11% to INR 100 million. But the spotlight shines on the net profit, which impressively doubled, recording a 119% increase year-on-year to reach INR 11 million.
A closer look at the operational highlights reveals a standout performance in the domestic air passenger segment, which saw a remarkable 26% growth year-on-year, significantly outpacing the industry. This growth is a testament to Yatra's effectiveness in navigating the market and enhancing its brand appeal. The company's gross bookings also witnessed an 18% increase, totaling INR 18,605 million.
Despite facing muted business travel spends in certain sectors, Yatra's strategic moves have paid off, especially in expanding its corporate client base. The addition of 26 new corporate accounts, boasting a total annual billing potential of INR 2,237 million, underscores Yatra's continued momentum. Notably, partnerships with one of India's largest banks and a leading pharmaceutical company were secured, adding to Yatra's expanding portfolio of corporate clients.
Dhruv Shringi, Yatra Online's Whole Time Director & Chief Executive Officer, expressed pride in the company's performance, attributing the success to strong brand recognition and effective market strategies. "Our focus remains on expanding our corporate client base and enhancing shareholder value," Shringi emphasized.
In response to its robust performance and as a token of appreciation to its shareholders, Yatra launched the Yatra Prime membership initiative. This program is designed to elevate travel experiences for shareholders through exclusive benefits and conveniences, showcasing Yatra's commitment to rewarding loyalty and ensuring customer satisfaction.
Despite some challenges in the operating environment, Yatra remains bullish on its growth prospects, ready to navigate headwinds and capitalize on opportunities to maintain its upward trajectory.
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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.
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.
Published on August 4, 2025
In what was intended to be a smooth digital transformation, postal services across the Chennai Circle continue to remain disrupted even days after a scheduled upgrade to India Post's new IT 2.0 system. The software transition—part of a broader effort to modernize the nation’s postal network—was implemented on August 2nd and 4th across Chennai North and South divisions. However, officials have now confirmed that technical issues still persist, leaving customers and businesses grappling with delayed or inaccessible services.
Key services such as Speed Post, registered mail, parcel bookings, and money orders have either been significantly slowed or paused altogether in many branches. Despite expectations that systems would normalize post-upgrade, the rollout of the Advanced Postal Technology (APT) system has proven more complex than anticipated.
“We are still working on stabilizing the system. There have been unforeseen glitches post-upgrade, and our teams are actively resolving them,” said a senior postal official who requested anonymity.
The disruption has raised concerns across industries—including the hospitality sector—where timely document dispatch, license renewals, vendor payments, and customer correspondence are crucial to daily operations.
Experts and industry stakeholders are now calling on India Post to introduce alternative operational strategies or backup mechanisms during such large-scale transitions.
“In a digital age where seamless service is non-negotiable, a complete blackout due to a software update is avoidable. A fallback process, whether manual or cloud-based, should be in place to ensure continuity,” said a Chennai-based hospitality consultant.
The hospitality industry relies heavily on postal services for legal documentation, international communication, and procurement logistics. The ongoing delays have caused bottlenecks not just in operations but also in customer experience delivery.
As authorities continue to work toward a resolution, the broader question remains: Should India’s essential public infrastructure be this vulnerable to a single system upgrade? The answer may lie in future-proofing core services with hybrid digital models that include disaster recovery plans and parallel systems.
Hospitalitynews.in will continue to track updates as the situation evolves.
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