Indian hotel chains shrug off geopolitics, fuel costs as Q1FY26 RevPAR surges across metros
IHCL guides 12-14% topline growth while Marriott, Radisson and Chalet ride resilient domestic demand. May RevPAR jumped 25% in Goa and Kerala, 23% in Delhi, 16% in Mumbai. Operators see US-Iran tensions and high ATF as transient, with leisure and corporate travel both holding up.
What happened
Indian hotel chains including IHCL, Marriott, Radisson and Chalet report double-digit Q1FY26 revenue growth despite fuel costs and US-Iran war headwinds, driven
Key facts
- 12-14% topline growth IHCL
- Goa RevPAR +25.1% May
- Delhi RevPAR +23.3% May
- Mumbai RevPAR +15.5% May
- Bengaluru RevPAR +7.7% May
- Kerala RevPAR +25% May
- Radisson +18% YoY
Why this matters
Resilient RevPAR across leisure and corporate segments validates inorganic expansion in Goa, Kerala and tier-1 metros — accelerate management contract pipeline and screen distressed independent assets before cap rates compress further.