Indian Hotels Bets on Strong Q3, Ginger Growth, New Mumbai Taj Landmark

• Indian Hotels (IHCL) expects strong Q3 growth, driven by robust bookings, rising room rates, and recovering travel demand.
• Q3 profit after tax (PAT) is projected to be significantly higher than Q1 and Q2 combined, continuing a 14-quarter trend.
• The Ginger brand is expanding rapidly and is expected to surpass Taj Hotels in property count within six months, though Taj will remain the primary revenue driver.
• IHCL is redeveloping Mumbai's iconic Sea Rock site into the 164-meter Taj Bandstand tower, a 4-5 year project costing ₹1,800-2,000 crore.
• Flight disruptions had a negligible impact on IHCL's business, with revenue effect less than 0.1%, demonstrating the hospitality sector's resilience.

Why It Matters: It highlights strong growth and investment opportunities in India's hospitality.