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Time of India
an hour ago
- Business
- Time of India
Oberois' global push eyes Saudi, Egypt amid India focus
The Oberoi Group is primed for further growth as its eponymous brand sits at the "centre" of premium travel-the fastest-growing segment in India's hospitality industry, Arjun Oberoi, executive chairman of the luxury hotel chain , told ET. He said the group will enter new markets like Saudi Arabia and Egypt while continuing its sharp focus on the growing domestic market. Also speaking in a joint interview, Vikram Oberoi , group CEO, said the operator of Oberoi and Trident hotels has seen a "strong" uptick in financial performance, driven by a mandate to grow the portfolio with "carefully-curated, brand-aligned" properties, push a high-premium strategy, and deliver "exceptional" service. It was the first media interaction of the two Oberoi scions since the passing of patriarch PRS Oberoi in November 2023 and the formal handover to the third generation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mini House for 60 sqm for Seniors with Toilet and Bath (Click Here) Pre Fabricated Homes | Search Ads Search Now Undo The Oberoi Group delivered one of its strongest performances in the financial year 2025. For the year ended March 2025, EIH Ltd , the group's flagship, posted a 14% rise in net profit at ₹770 crore, while revenue grew 10% to ₹2,880 crore. Vikram Oberoi said guests are becoming more selective and are willing to pay a premium for quality service. Live Events "People are traveling more, both for leisure and business. STR (Smith Travel Research) data shows we have significantly outperformed the market on revenue per available room, with a premium on average room rates and occupancy," he said. Vikram Oberoi expects India's affluence to accelerate. "Twenty years ago, the Indian-to-foreign guest ratio was small. The proportion of our Indian guests has grown exponentially." Having signed 21 new projects in under two years, the chain has launched its most ambitious growth strategy. The pipeline includes 19 hotels, two luxury boats, and a Nile River cruiser. Twelve of these are in India; the rest are in London, Saudi Arabia, Egypt, Bhutan, and Nepal. Sixteen will operate under the Oberoi brand and five under Trident. About half the new projects will be owned, the rest under management contracts. Last November, the group said it will open a hotel in London's Mayfair through an arrangement with British property major Grosvenor and EIH London Investments Ltd. Saudi Arabia is another key focus. "We've announced two hotels there. We're also entering countries we should've been in earlier-Indonesia and Egypt. India will remain our main thrust. It's still the right time to invest here," said Arjun Oberoi. Post-Covid, competition in Indian hospitality has intensified, with IHCL, Marriott, Accor, and Hilton expanding rapidly. Arjun Oberoi explained that the chain is guided by internal benchmarks and won't stretch the brand to risk dilution. "Why are our hotels recognised globally? Not just for the locations-but because we've crafted each one with love, care and thoughtfulness," he said. While the generational transition has worked well, the company has also faced hurdles. The brothers are currently locked in a legal battle over PRS Oberoi's will, challenged by their stepsister Anastasia, who is claiming a share of the family properties. "The matter is sub-judice; we wouldn't like to comment," said Arjun Oberoi. The hospitality chain is also locked in a dispute with the Himachal Pradesh government over The Wildflower Hall in Shimla. More recently, it exited the UAE market, ending its management of The Oberoi Beach Resort, Al Zorah. Going forward, residences are another focus area, particularly where there is a hotel and viable residential opportunity. "Mixed-use developments are increasingly the preferred model, and many partners see this as the best way to monetise assets," said Arjun Oberoi.
Time of India
6 days ago
- Business
- Time of India
The Oberoi Group Unveils Ambitious Sustainability Initiative: The Future of Luxury Hospitality, ET HospitalityWorld
As The Oberoi Group enters a new phase of growth, marked by exciting developments and a strong pipeline of hotel openings, it reaffirms its commitment to building a future anchored in sustainability. Elements by Oberoi, the Group's holistic environmental and social responsibility framework, reflects a philosophy that has quietly shaped its ethos for decades and now takes centre stage as the company scales new heights. Elements by Oberoi represents the Group's evolved sustainability vision. It is deeply embedded in the Group's operations and continuously expanding to meet the needs of the planet, people, and future generations, said a company release. Advt Advt Guided by life-sustaining elements—Earth, Water, and Air, this comprehensive framework articulates the Group's environment-first actions and sets forth ambitious goals to further reduce ecological impact, drive operational innovation, and uplift communities, it stated. Arjun Oberoi , executive chairman – The Oberoi Group, said, 'We have always believed that excellence must be enduring. As we grow and expand our footprint, sustainability is not just a value—it is a way of life that shapes how we build, serve, and lead. With Elements by Oberoi, we reaffirm our commitment to responsible growth, where every decision is made with care for our planet and our communities.' Vikram Oberoi , chief executive officer – The Oberoi Group, further added, 'True luxury is defined by the care with which we serve our guest and equally demonstrate through our actions towards people, the community and our planet. With Elements by Oberoi, sustainability is seamlessly embedded into the guest journey and in how we engage with people, the communities around us and our precious environment. Our commitment is to creating experiences that are both meaningful and mindful.' Oberoi Hotels & Resorts believes that sustainability extends beyond the environment—it is also about uplifting people and preserving cultural identity. Through structured initiatives, the Group invests in inclusive growth, skill-building, and community partnerships, the release 2030, the release said, Oberoi Hotels & Resorts aims to:—Recycle 100 percent of waste water and reduce fresh water consumption per occupied room by 20 percent—Source 50 percent of electricity from renewable energy—Transition transport fleets to fully electric vehicles—Phase out fossil fuel-based thermal systems in favour of electric alternatives across all new hotels and while replace equipment at our existing by Oberoi is a quiet yet powerful philosophy reflected in every detail of Oberoi Hotels & Resorts' design, service, and operations. As sustainability becomes essential to luxury, Oberoi's legacy continues with conscience, care, and clarity of purpose, it concluded. By , ETHospitalityWorld Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETHospitalityWorld industry right on your smartphone! Download the ETHospitalityWorld App and get the Realtime updates and Save your favourite articles.
Time of India
16-06-2025
- Business
- Time of India
Oberoi Group launches 'Elements' Plan to go greener by 2030
The Oberoi Group said on Monday that Elements by Oberoi , the Group's environmental and social responsibility framework, which reflects a philosophy that has 'quietly' shaped its ethos for decades, now takes 'centre stage' as the company scales 'new heights.' Oberoi Hotels & Resorts said by 2030, it aims to recycle 100% of waste water and reduce fresh water consumption per occupied room by 20%, source 50% of electricity from renewable energy , transition transport fleets to fully electric vehicles and phase out fossil fuel-based thermal systems in favour of electric alternatives across all new hotels. The chain said guided by life-sustaining elements, earth, water, and air, this framework articulates the group's environment-first actions and sets forth ambitious goals to further reduce ecological impact, drive operational innovation, and uplift communities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Explore the 18 Most Stunning Hotel Pools Only the Rich and Famous Get to Swim In! Click Here Undo 'We have always believed that excellence must be enduring. As we grow and expand our footprint, sustainability is not just a value—it is a way of life that shapes how we build, serve, and lead. With Elements by Oberoi, we reaffirm our commitment to responsible growth, where every decision is made with care for our planet and our communities," said Arjun Oberoi, executive chairman of The Oberoi Group. Vikram Oberoi, chief executive officer of The Oberoi Group, further added that with Elements by Oberoi, sustainability is 'seamlessly' embedded into the guest journey and in how the chain engages with people, the communities around it and its precious environment. "Our commitment is to creating experiences that are both meaningful and mindful," he added. Live Events The chain said from advanced rainwater harvesting and zero liquid discharge systems to sustainable laundry operations, it embeds circular practices into its water management. It further added that it is committed to reducing its carbon footprint and embracing clean energy, smart systems, and air purification across its hotels. "From solar- and wind-powered operations to electric vehicle charging infrastructure and automated energy systems, our efforts ensure a healthier and more sustainable future for our guests and the planet," the group said in a statement.
Skift
26-05-2025
- Business
- Skift
India's Luxury Hotels Are Underpriced, That Must Change, Says Oberoi CEO
According to Vikram Oberoi, it's time Indian hotels stopped selling themselves short. He's betting that Indian guests are ready to pay more, especially for top-tier stays. Luxury hotels in India are 'significantly underpriced,' according to Vikram Oberoi, managing director, CEO and executive director of EIH Limited. Oberoi said he's keen to change that. 'Our objective is to drive our rates higher, and we've done that during the financial year, and we'll continue to do that going forward,' Oberoi said during the company's earnings call on Monday. EIH Limited operates the Oberoi and Trident hotel brands. Oberoi even suggested the company would rather sacrifice some occupancy if that means stronger pricing. 'If demand continues to be as it is today, our endeavor will be to drive rates up to the largest extent possible, and even if that is at the cost of occupancy. As long as our RevPAR sees strong growth, and I don't see any reason why that will change.' This marks a shift in focus from just filling rooms to making each room night more valuable. He argued that room prices in India's top cities, Delhi, Mumbai and Bengaluru, are well below what the quality justifies, especially compared to global peers. He didn't mince words: 'You can go online and see top hotels around the world in key cities. A good hotel costs $1,000 upwards per night. We are significantly below that threshold. And if I then combine that with the quality of hotels we have in India, in our key cities, I think there's tremendous opportunity for upside in average room rate.' Financial Performance Highlights EIH's financial results back Oberoi's confidence. The company delivered its best-ever performance. EIH reported a 13% year-on-year increase in consolidated EBITDA to INR 11.5 billion ($135 million) for fiscal 2025. Net profit rose by 14% to INR 7.7 billion ($90 million). Revenue from operations grew 9% on a standalone basis to INR 25.35 billion ($298 million) and 10% to INR 28.8 billion ($338 million) at the consolidated level. In the fourth quarter alone, RevPAR (revenue per available room) rose 22% year-on-year across all domestic hotels. Oberoi-owned hotels led the way, with a 24% rise in RevPAR, outpacing the industry average of 16% and even edging out Trident's 22% growth. Occupancy also climbed from 81% last year to 84%. While international operations contributed a smaller share, the growth reported was healthy, with a 10% rise in revenue and a similar growth in EBITDA. Betting on India's Premium Travel Upsurge Oberoi's bullish outlook is also rooted in structural changes in India's economy. 'There's an opportunity to push rates higher, especially with India's rising affluence and growing demand for quality accommodation,' he said. Oberoi also cited the 'significant changes' taking place in the Indian economy. With increasing wealth and affluence there's a desire for quality accommodation and quality hotels that provide exceptional services and experiences to guests, he said. Ultra high-net worth individuals, those with a net worth of $30 million and above, in India grew by 11% last year, according to industry reports cited in the company's presentation. Oberoi sees this as a key demand driver, especially in the luxury leisure segment. Domestic travel is also on the rise. The fourth quarter saw air traffic grow 9% year-on-year. Inbound tourism is projected to rise by 15% in fiscal 2026, buoyed by India's improving global profile and infrastructure upgrades. Coming Up: 21 New Hotels EIH isn't just raising prices, it's also growing its footprint. The company plans to add 21 new properties (roughly 1,500 rooms) over the next 3-4 years. Of these, 12 are in India. EIH's expansion plan includes nine international projects, including cruise ships. Two luxury boats will debut this year, including a Nile cruiser by 2026, alongside properties in Egypt, Nepal, Bhutan and Saudi Arabia. Upon completion, 16 hotels (including the boats and cruiser) will operate under the Oberoi brand and 5 hotels under the Trident brand, representing a total inventory of approximately 1473 keys. In India the openings include Goa, Tirupati, Rishikesh and Bengaluru. This includes both managed and owned assets, with Oberoi stating the company is open to acquisitions and brownfield opportunities to accelerate growth. The group currently operates 4,200 rooms across 30 hotels. Its domestic portfolio includes 3,700 keys, while international properties make up around 500 rooms. What am I looking at? The performance of hotels and short-term rental sector stocks within the ST200. The index includes companies publicly traded across global markets, including international and regional hotel brands, hotel REITs, hotel management companies, alternative accommodations, and timeshares. The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more hotels and short-term rental financial sector performance. Read the full methodology behind the Skift Travel 200.
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Business Standard
21-05-2025
- Business
- Business Standard
EIH Q4 results: PAT up 6% to Rs 261.62 cr on strong demand across segments
EIH Ltd, owner and operators of Oberoi and Trident brands of hotels, reported a 6 per cent rise in its March quarter net profit on improved demand in both business and leisure segments. Consolidated net profit of Rs 261.62 crore in January-March - the fourth quarter of April 2024 to March 2025 financial year - was compared with Rs 247.59 crore earnings in the same period a year back, according to a company statement. "The company delivered its best-ever performance, reflecting sustained operational excellence and continued demand across both business and leisure segments," it said. Revenue was up 11 per cent at Rs 866 crore while EBITDA rose 13 per cent to Rs 389 crore. "These record results mark a milestone year and the strongest financial performance in EIH Limited's history. They reflect the company's unwavering focus on operational excellence and underscore the enduring appeal of our brand. With a robust financial position, EIH Limited is well-positioned to drive continued growth and create long-term value for all stakeholders," the statement said. For the full fiscal, the firm posted a 14 per cent rise in net profit to Rs 769.90 crore on a revenue of Rs 2,880 crore. EIH said it has a robust pipeline of 21 properties to be completed by 2029, comprising 19 hotels, 2 luxury boats, and a Nile cruiser. This expansion includes eight hotels to be owned, invested in, and operated directly or through joint ventures by EIH, 13 properties (including the 2 luxury boats and a Nile cruiser) to be managed by The Oberoi Group. The development pipeline spans 12 hotels in India and 9 international hotels and cruises across London, Egypt, Bhutan, Nepal, and Saudi Arabia. Upon completion, 16 hotels (including the boats and cruiser) will operate under the Oberoi brand and five hotels under the Trident brand, representing a total inventory of approximately 1,473 keys. Arjun Oberoi, Executive Chairman, The Oberoi Group, commented, "This has been a milestone year for EIH Limited, delivering record financial results. Our robust performance reflects our long-term vision, strong governance, and unwavering commitment to excellence. With a solid financial foundation, we are well-positioned to drive strategic growth across key markets while creating sustained value for all our stakeholders." Vikram Oberoi, CEO, The Oberoi Group, further added, "These results highlight the relentless dedication of our teams and their pursuit of operational excellence. As we continue to expand our footprint, we remain steadfast in delivering exceptional guest experiences driven through our values and culture that places our guests and their wellbeing at the centre of everything we do." EIH's board has recommended a final dividend of Rs 1.5 per equity share (75 per cent on the face value of Rs 2 each) for the financial year 202425.
