Indian hotel chains shrug off geopolitics, post double-digit Q1FY26 growth
IHCL guides 12-14% topline growth as Marriott, Radisson and Chalet ride resilient domestic demand. Goa (+25.1%), Kerala (+25%), Delhi (+23.3%) and Mumbai (+15.5%) lead May RevPAR gains; Hyderabad and Bengaluru lag. Fuel costs and US-Iran tensions fail to dent leisure and corporate travel momentum.
What happened
Indian hotel chains IHCL, Marriott, Radisson and Chalet report double-digit revenue growth in April-June quarter despite fuel costs and US-Iran tensions, driven
Key facts
- 12-14% topline growth IHCL
- Goa RevPAR +25.1% May
- Delhi RevPAR +23.3% May
- Mumbai RevPAR +15.5% May
- Kerala RevPAR +25% May
- Radisson +18% YoY
Why this matters
Resilient RevPAR momentum and IHCL's 12-14% topline guide create a window to scout bolt-on assets in lagging tech-corridor markets like Hyderabad and Bengaluru where valuations may soften relative to leisure peers.