The company’s EBITDA margin expanded by 130 basis points to 32%, supported by higher revenues, strong cost discipline, and operating leverage, according to a statement.
The hospitality major attributed its performance to robust growth in room revenues, driven by strong traction in the retail, MICE, and wedding segments. Average Daily Rate (ADR) for the quarter increased by 9%, while occupancy improved by 275 basis points, resulting in RevPAR growth of 13%. ITC Hotels commanded a 34% RevPAR premium over the industry (including luxury, upper-upscale, and upscale hotels).
F&B revenues grew 13%, fuelled by strong banqueting and outdoor catering demand. The quarter also saw international recognition with a pop-up of ITC’s signature culinary brand, Avartana, hosted in France.
Aggressive expansion strategy in play
ITC Hotels achieved a significant milestone in the June 2025 quarter, crossing the 200-hotel portfolio mark, with 143 hotels currently operational and 58 properties in the pipeline. Eight new hotels, aggregating approximately 700 keys, were signed during the quarter across locations including Goa, Mysore, Lucknow, and Vrindavan.
With a strong focus on the ‘asset-right’ model, the group continues to build capital-efficient growth through management contracts, especially in Tier 2 and 3 cities. The company has a robust pipeline of 58 hotels with over 5,300 keys, with a high salience of brownfield assets. It aims to scale up to 220 operational hotels and 20,000+ keys by 2030.
The company is also investing in owned properties, including greenfield developments in Puri and Visakhapatnam, as well as an expansion block at its Bhubaneswar property.
International footprint
ITC Hotels launched its first overseas property, ITC Ratnadipa, in Colombo, Sri Lanka, in April 2024. The luxury hotel has already achieved market leadership within a year, it said.