ITC Hotels

ITC Hotels has strengthened its footprint in North India with the launch of a new Welcomhotel property in Mohali, marking a strategic expansion in a fast-growing urban and business corridor. The addition aligns with the company’s asset-light growth model and its focus on tapping emerging hospitality markets beyond traditional metros. Mohali’s expanding corporate ecosystem, improved infrastructure, and proximity to Chandigarh position it as a promising destination for premium hospitality.

ITC Hotels reported a robust 9.6% year-on-year increase in net profit, reaching Rs 237 crore in the third quarter, driven by strong domestic travel demand and operational efficiencies. Revenue growth was supported by sustained occupancy rates across key properties, alongside strategic cost management initiatives that enhanced margins. Analysts note that ITC Hotels’ performance reflects resilience in India’s hospitality sector, particularly in the premium and luxury segments.

ITC Hotels has been allotted a parcel of land in Dwarka, Delhi, paving the way for the development of a new five-star luxury hotel in one of the capital’s fastest-growing urban zones. The move aligns with the company’s long-term strategy to expand its premium hospitality footprint in key metropolitan markets. The proposed project is expected to strengthen ITC Hotels’ presence in Delhi while catering to rising demand from business travelers, international visitors, and large-scale events.

ITC Hotels has reported a remarkable 74% increase in net profit for the second quarter, reaching Rs 133 crore, driven by strong recovery in domestic hospitality demand and enhanced operational efficiencies. The surge reflects rising occupancy rates, improved average room tariffs, and cost-optimization measures across properties. Revenue growth was supported by increased leisure and business travel, alongside strategic marketing initiatives targeting premium segments.