Indian hotel chains post double-digit June-quarter growth on domestic leisure surge
Radisson South Asia grew ~18% YoY and Leisure Hotels Group 30% in the June-end quarter as domestic leisure travel powered recovery. North Indian markets like Srinagar, Pahalgam and Shimla rebounded after last year's disruptions. Chandigarh occupancy rose 22-24 ppt, with room rates up 9-11% to ₹7,900-8,100.
What happened
Radisson Hotel Group · Indian hotel chains posted double-digit growth in the June quarter on strong domestic leisure travel. Radisson South Asia grew ~18%,
Key facts
- 18% YoY growth Radisson
- 30% growth Leisure Hotels
- 9.5% air passenger growth May
- occupancy up 22-24 ppt Chandigarh
- room rates up 9-11% to ₹7,900-8,100
Why this matters
The 30% growth at Leisure Hotels Group and broad-based leisure-market rebound highlight attractive acquisition or partnership targets in India's domestic leisure hospitality segment before valuations reprice on sustained demand.
What to watch
- Q2/festive-season occupancy and ADR prints
- New supply announcements and pipeline signings in North India leisure markets
- Monsoon and geopolitical disruption in Kashmir/hill stations
- Domestic air capacity and airfare trends feeding leisure demand
- Forex-driven inbound vs outbound travel shifts
- Chains accelerate management-contract signings and asset-light expansion in Tier-2/leisure destinations
- Push ADR higher during festive/wedding season to lock in RevPAR gains
- Renovation capex and new room additions in Srinagar, Shimla, Chandigarh corridors
- Loyalty and direct-booking promotions to defend against OTA commission leakage