Royal Orchid Hotels

By Surbhi Misra

June 16 (Reuters) - India's Royal Orchid Hotels ROYL.NS plans to open at least 50 hotels in the next 12 to 18 months across the country, its founder said, as the company bets on geopolitical tensions driving more Indians to travel locally rather than abroad.

The Middle East conflict has curbed travel, with airlines raising fares and cutting capacity, while a weak rupee has made overseas trips costlier. Although a tentative U.S.-Iran agreement has eased tensions, the deal is short on details, keeping uncertainty high.

Credit rating agency India Ratings and Research expects India's hotel demand and supply to grow 10% to 15% in the current financial year, it said in a note last week.

"A lot of people who were planning to go for holidays to the Middle East and other places cancelled their trips and boosted domestic tourism demand," Royal Orchid's founder and chairman, Chander Baljee, said in an interview, adding he remained optimistic about demand for the hospitality sector.

Royal Orchid, which runs 120 hotels, aims to raise room inventory to about 11,000 from 8,000 by the end of 2027, Baljee said.

Religious tourism, business travel and large-scale events are emerging as key drivers, with consumers spending more on experiences and travel than before, Baljee added.

The Bengaluru-based mid-scale hospitality chain follows an asset-light model built on management contracts and franchising, allowing rapid expansion with minimal capital.

It operates in more than 65 locations across metro cities, Tier‑2 and Tier‑3 towns, and leisure and pilgrimage destinations, as well as select markets such as Sri Lanka and Nepal.

The company is exploring expansion in those markets, though its immediate focus remains on India, he added.

(Reporting by Surbhi Misra in Bengaluru; Editing by Abinaya V, Harikrishnan Nair and Dhanya Skariachan)

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May 25 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• ROYAL ORCHID HOTELS LTD MARCH-QUARTER CONSOL NET PROFIT 79.4 MILLION RUPEES

• ROYAL ORCHID HOTELS LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.13 BILLION RUPEES

• ROYAL ORCHID HOTELS LTD - RECOMMENDS FINAL DIVIDEND OF 2.50 RUPEES PER EQUITY SHARE

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April 7 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• LAUNCHES REGENTA PLACE IRIS PARK IN RISHIKESH, UTTARAKHAND

Source text: ID:nBSE7jnrVd

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By Praveen Paramasivam and Nathan Gomes

CHENNAI/BENGALURU, March 5 (Reuters) - International music concerts and marquee sporting events are fast becoming a key growth driver for India's hotel industry, as younger consumers increasingly prioritise live experiences over big-ticket shopping, hotel executives said.

From pop star Dua Lipa to rapper Ye, global artists are adding India to their tour calendars, filling hotel rooms just as corporate travel demand from IT services providers shows signs of cooling amid tighter spending, according to at least three executives.

"We are now in the economy of experiences," Alan Watts, president of Hilton's HLT.N Asia Pacific business, told Reuters.

The effect has been hard to miss in host cities.

British rock band Coldplay's Ahmedabad show last year drew tens of thousands of fans, making the concert day the city's busiest for metro traffic and air arrivals and generating about $70 million in economic gains, industry data showed.

"Coldplay has changed the game by coming to India," said Vijay Dewan, managing director of Apeejay Surrendra Park Hotels APEJ.NS. "Concerts are going to be very helpful in terms of improving occupancies."

The momentum is underpinned by a rapidly expanding live events industry. India's $5.69 billion event and exhibition market is forecast to grow to $9.04 billion by 2031, according to Mordor Intelligence.

Hotels are adjusting accordingly. Lemon Tree Hotels LEMO.NS, one of India's largest mid-priced chains, is weighing proximity to concert halls and stadiums more heavily when scouting new locations.

"It will increasingly become important for everybody in the hotel industry," said Lemon Tree Hotels CEO Neelendra Singh.

Beyond music, cricket and other big-ticket sporting events are fuelling sharp, multi-day spikes in demand.

Every time there is a cricket match — in Ahmedabad, for instance — the spike is "phenomenal," said Nikhil Sharma, managing director and operating chief for South Asia at Radisson Hotel Group.

But some executives were more skeptical.

"You need sustained event programming through the year for it to have meaningful impact (to the bottom line)," said Arjun Baljee, president of Royal Orchid Hotels ROYL.NS.

(Reporting by Praveen Paramasivam in Chennai and Nathan Gomes in Bengaluru; Editing by Dhanya Skariachan and Sonia Cheema)

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Feb 4 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• ROYAL ORCHID HOTELS LTD - SELLS SUBSIDIARY MULTI HOTELS TO GREENLEAF PROPERTIES

• ROYAL ORCHID HOTELS LTD - SALE OF MULTI HOTELS VALUED AT USD 3.41 MILLION

Source text: ID:nNSEX4nCm

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Jan 16 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• SIGNS NEW RESORT IN JIM CORBETT, UTTARAKHAND

Source text: ID:nBSE2gyTs7

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Jan 12 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• ROYAL ORCHID HOTELS LTD - SIGNS NEW PROPERTY REGENTA PLACE UDAIPUR

Source text: ID:nNSE9mF1Zj

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Aug 26 (Reuters) - Royal Orchid Hotels ROYL.NS:

• SIGNS NEW PROPERTY IN JABALPUR

Source text: ID:nBSE4V7CFF

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April 2 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• ROYAL ORCHID HOTELS LTD - SIGNS LAND LEASE RENEWAL AGREEMENT

Source text: ID:nNSE6ps23v

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March 17 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• ROHL LAUNCHES TWO NEW PROPERTIES IN GOA

Source text: ID:nBSEbw1ZD5

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Feb 3 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• LAUNCHES 49-ROOM FIVE-STAR HOTEL REGENTA RESORT IN GUJARAT

Source text: ID:nBSEC8RTZ

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Jan 7 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• ROYAL ORCHID HOTELS LTD - ROHL ANNOUNCES NEW PROPERTY IN KHATOO, RAJASTHAN

• ROYAL ORCHID HOTELS LTD - ANANTAM RESORT TO OPEN IN FEBRUARY 2025

Source text: ID:nNSE3b4l7K

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Dec 13 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• OPENS REGENTA PLACE DALHOUSIE HOTEL IN HIMACHAL PRADESH

Source text: ID:nBSE7Q2XxL

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Sept 26 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• SIGNS 51-ROOM HOTEL IN CHITTORGARH, RAJASTHAN

Source text for Eikon: ID:nNSE9NszL3

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Aug 14 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• ROYAL ORCHID HOTELS LTD - REAPPOINTS CHANDER K. BALJEE AS MD

Source text for Eikon: ID:nBSE4XP8jX

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April 3 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• UNIT SIGNED AGREEMENT WITH MASA HOTELS

Source text for Eikon: ID:nBSE7m9xR2

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Nov 8 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• INDIA'S ROYAL ORCHID HOTELS SEPT-QUARTER CONSOL NET PROFIT 74.7 MILLION RUPEES VERSUS PROFIT 92.8 MILLION RUPEES

• ROYAL ORCHID HOTELS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 666 MILLION RUPEES VERSUS 580.6 MILLION RUPEES

Source text for Eikon: ID:nBSE83VCQN

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Aug 10 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• SAYS ORDER WAS ISSUED BY SEBI NOT SAT AS MENTIONED IN REPORT 'SAT STAYS ITS ORDER ON ROYAL ORCHID'

• SAYS KSHEER SAGAR OPERATES ONLY ONE HOTEL IN JAIPUR AND NOT IN BENGALURU

• SAYS ARTICLE HAS FACTUAL ERRORS AND DAMAGES THE REPUTATION OF CO

Source text for Eikon: ID:nNSE70m3C0

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Aug 7 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• JUNE-QUARTER CONSOL TOTAL NET PROFIT 96.9 MILLION RUPEES VERSUS PROFIT 110.4 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 688.9 MILLION RUPEES VERSUS 604.5 MILLION RUPEES

Source text for Eikon: ID:nBSEbD28t4

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June 12 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• ROYAL ORCHID HOTELS LTD- EXPANDS INTERNATIONALLY WITH OPENING OF REGENTA ARIE LAGOON IN NEGOMBO, SRI LANKA

Source text for Eikon: ID:nNSE6ZvNyw

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** Shares of Royal Orchid Hotels Ltd ROYL.NS fall as much as 5.98% to 343.65 rupees

** Co on Tuesday reported 60.1% YoY drop in consolidated total net profit attributable to owners of the company while rev from ops jumped 83.5% YoY

** Total expenses of the co surged 46.6%

** Stock's moving average convergence divergence (MACD) line below the signal line since May 16, indicating a bearish bias

** More than 305,000 shares change hands by 11:35 a.m. IST, 1.2x 30-day avg of 258,007 shares

** Stock up 40.17% YTD, as of last close

(Reporting by Ashish Chandra in Bengaluru)

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May 30 (Reuters) - Royal Orchid Hotels Ltd ROYL.NS:

• INDIA'S ROYAL ORCHID HOTELS LTD MARCH-QUARTER CONSOL TOTAL NET PROFIT 126.8 MILLION RUPEES VERSUS PROFIT 317.9 MILLION RUPEES

• ROYAL ORCHID HOTELS LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 725.5 MILLION RUPEES VERSUS 395.3 MILLION RUPEES

Source text for Eikon: [ID:]

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