NEW DELHI: Hospitality major ITC Hotels reported its highest ever quarterly profits and revenue in Q1 FY 2026, despite the travel disruption seen in May following the April 22 terror attack on Pahalgam. The company’s consolidated revenue rose 20% to Rs 860 crore and the profit increased 53% to Rs 134 crore. ITC Hotels’ scrip closed 4.5% up at Rs 238.50 on BSE Wednesday when the broader market was up 0.08%.In a statement, the company said its portfolio has expanded to over 200 hotels, with 143 operational and 58 in pipeline. Fifty-five 55 signings and 25 hotel openings (happened) in the last 24 months. “While the geopolitical developments in May 2025 had temporarily affected business in certain locations, the hospitality sector bounced back progressively thereafter…. The company is among the fastest growing hospitality chains in the country with over 13,400 rooms under six brands (from luxury to heritage segments)… The average daily rates for the quarter grew by 9% and occupancy by 275 bps, resulting in overall revenue per available room growth of 13%,” the company said in a statement.“The company is targeting to reach 220 operational hotels and over 20,000 keys by 2030… ‘Asset right’ strategy envisages driving accelerated capital-efficient growth by focusing on strong partnerships with asset owners, leveraging brand credentials and providing operational expertise. The company’s presence has expanded to Tier 2 and 3 cities, where demand for premium hospitality is rapidly increasing,” it added.ITC Hotels has a pipeline of 58 hotels with over 5,300 keys.
