Royal Orchid Hotels Ltd (ROHLTD)

Royal Orchid Hotels Focuses on Religious Tourism and Weddings for Growth - 19 Apr, 2024

Royal Orchid Hotels is expanding its presence in religious destinations such as Amritsar, Ajmer, Somnath, Haridwar, Mahabaleshwar, and Kedarnath. The group plans to add 4-5 wedding destinations every year. Positive growth prospects expected.

Royal Orchid Hotels Expands with New Hotel Launches - 15 Apr, 2024

Royal Orchid Hotels is set to expand its network by adding around 35 new hotels this fiscal year. The company recently opened Regenta Central in Puri, marking its entry into Odisha.

Royal Orchid Hotels Opens New Hotel in Kasauli - 08 Apr, 2024

Royal Orchid Hotels' insiders own a majority stake of 60%, with CEO Chander Baljee holding the largest share. The company has opened its 8th hotel in Kasauli, which is expected to attract tourists seeking respite from the Indian summer.

Royal Orchid Hotels to Open 300-Room Five-Star Hotel at Mumbai Airport - 05 Apr, 2024

Royal Orchid Hotels has signed a contract to establish a 300-room five-star hotel at Terminal 2 of Mumbai Airport, set to open by the end of 2024. The company also plans to introduce a new full-service hotel brand.

Royal Orchid Hotels Signs Agreement for New Upscale Brand and Mumbai Property - 04 Apr, 2024

Royal Orchid Hotels Ltd plans to launch a new upscale brand and has signed an agreement for a 300-room five-star hotel property near Terminal 2 of Mumbai airport. The signing aligns with Royal Orchids expansion strategy, focusing on prominent business centers and transportation hubs.

ICRA Reaffirms Royal Orchid Hotels' LT Rating with Stable Outlook - 29 Mar, 2024

ICRA has reaffirmed Royal Orchid Hotels' long-term rating at [ICRA] A- with a stable outlook, citing the company's healthy operating and financial performance during 9M FY2024. The favourable demand outlook for the industry and expansion of ROHLs hotel portfolio are likely to support revenues and accruals in FY2025. However, the rating is constrained by ROHLs inventory concentration in Karnataka and Gujarat regions and vulnerability to inherent cyclicality of the hospitality industry.