Apeejay Surrendra Park Hotels has reported a net profit of INR 84 crore in FY25, marking a 22 per cent year-on-year increase. The group saw a 92 per cent occupancy rate in Q4 and declared its first-ever dividend of INR 0.5 per share. Strategic expansion and acquisitions continue to drive performance across Tier 2 and Tier 3 markets.
RateGain Travel Technologies posted a 43.7 per cent YoY increase in profit after tax for FY25, alongside record margins and strong operational efficiency. Operating revenue reached INR 10,766.7 million, growing 12.5 per cent YoY. The company continues to invest in AI-driven solutions such as UNO VIVA and Smart ARI, reinforcing its global travel tech leadership despite macroeconomic volatility.
Brookfield-backed The Leela Palaces, Hotels & Resorts has raised INR 1,575 crore through its anchor book, ahead of its IPO launch on 26 May. The offering drew significant interest from 47 marquee domestic and international investors, with allocations made at the upper price band of INR 435 per share. The IPO includes a fresh issue and an offer for sale.
Sterling Holiday Resorts has crossed INR 5,202 million in annual revenue for FY25, marking 13 per cent year-on-year growth and achieving over INR 1 billion in food and beverage sales. The company now operates 61 resorts with 3,254 rooms across 17 states. With a continued debt-free status and strong EBITDA margin of 34 per cent, Sterling remains optimistic about sustained expansion and growth in India’s leisure hospitality sector.
The World Travel & Tourism Council (WTTC) projects the global sector will contribute USD 11.7 trillion to the economy in 2025. While growth slows in some leading markets, Saudi Arabia is forecast to see record economic gains of SAR 447.2 billion, with strong domestic and international spending pushing tourism’s share of GDP above 10 per cent and employment to 2.7 million.
TBO Tek Ltd has posted a 25 per cent year-on-year increase in revenue for FY25, with Adjusted EBITDA rising 22 per cent to INR 329 crore. Gross transaction value crossed INR 30,000 crore, with international markets—particularly Europe and APAC—driving growth. The company has expanded its global footprint, rolled out new tech platforms, and plans further scaling with over INR 1,450 crore in reserves.
EIH Limited, the parent of The Oberoi Group, has reported its highest-ever revenue and profit for FY25, with standalone profit after tax surging 44 per cent to INR 751 crore. The company has also unveiled an aggressive expansion pipeline of 21 luxury properties across India and international markets, solidifying its long-term growth plans in hospitality.
BLS International Services Ltd. reported its highest-ever financial performance in FY25, with revenue reaching INR 2,193.3 crore, a 30.8 per cent increase year-on-year. EBITDA rose by 82.1 per cent to INR 629.3 crore, with a margin expansion of 808 bps to 28.7 per cent. The company’s profit after tax (PAT) surged by 65.7 per cent to INR 539.6 crore. Growth was driven by strong performance in Visa & Consular and Digital services.
ITC Hotels has reported a record financial performance for FY25, achieving revenue of INR 3,333 crore and profit after tax (PAT) of INR 698 crore. The company’s Q4 results showed a 17 per cent increase in revenue to INR 1,017 crore, with EBITDA margins reaching 40 per cent. The hospitality brand also expanded with 54 new signings and 30 hotel openings over the past two years.
Flight and bus categories were the standout performers for ixigo, each witnessing a remarkable 92% YoY growth in GTV. Train GTV also saw a solid 41% increase, showcasing ixigo’s continued strength in Tier 2 and Tier 3 India — a user segment that has been central to its strategy since inception.
MakeMyTrip Limited, India’s leading online travel service provider, reported record gross bookings of USD9.8 billion for FY25, a 25.9 per cent increase from the previous year. The company’s revenue rose by 27.4 per cent, driven by strong demand across air ticketing, hotels, and bus services. Adjusted operating profit grew by 37.9 per cent, reflecting operational efficiency and expanding customer demand.
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