EIH plots 31-hotel pipeline as Oberoi room rates climb 12% despite occupancy dip
EIH (Oberoi/Trident) is layering 2,700 keys onto its 4,209-key base while renovating flagships in Kolkata, Mumbai and Bengaluru. ARR rose 12.2% to ₹26,536 and RevPAR 7.6% to ₹20,758, though occupancy slipped 400bps to 78%. Net cash of ₹860 cr funds ₹690 cr capex; stock is 32% off highs at ₹296.
What happened
EIH Ltd (Oberoi Hotels) · EIH (Oberoi/Trident) stock corrected 32% from highs; brokerage shifts to accumulate-on-dips. Pipeline of 31 hotels/2,700 keys,
Key facts
- ₹296 stock price
- ₹18,500 cr m-cap
- 30 hotels, 4,209 keys
- ARR ₹26,536 (+12.2% YoY)
- RevPAR ₹20,758 (+7.6%)
- occupancy 78% (-400bps)
- 31-hotel pipeline, 2,700 keys
- FY26 PAT -8%
- net cash ₹860 cr
- capex ₹690 cr
Why this matters
With management-contract-heavy expansion and renovation capex absorbed by internal cash, EIH is positioned to acquire distressed luxury assets in Kolkata/Mumbai/Bengaluru rather than be acquired.