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Indian Hotels adds two new brands

Summary by TOPHOTELNEWS
Indian Hotels (IHCL) has reported its tenth consecutive quarter of record performance, with revenues up 28% year on year with an ebitda margin up to 29.9%. Its revpar, a key measure of performance at the hotel level, was up 10% internationally, with occupancy of 75%. The company also kept up its expansion momentum, adding two new brands to its portfolio, and signing 42 new hotels during the quarter. It acquired a majority shareholding in the com…
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