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Oriental Hotels Ltd. Reports 20% Increase in Revenue in Q3 FY23
Oriental Hotels Ltd. (OHL), a leading hospitality company in India, has reported a 20% increase in revenue for the third quarter of the financial year 2022-23 (Q3 FY23). The company's revenue stood at Rs. 240 crores for the quarter, compared to Rs. 200 crores in the corresponding quarter of the previous year.
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Oriental Hotels Ltd. to Open New Hotel in Mumbai
Oriental Hotels Ltd. (OHL) has announced plans to open a new hotel in Mumbai, India. The hotel will be located in the city's Bandra Kurla Complex (BKC), a major business and commercial hub.
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Oriental Hotels Ltd. Partners with Marriott International to Launch New Hotel Brand
Oriental Hotels Ltd. (OHL) has entered into a partnership with Marriott International to launch a new hotel brand called 'The Orient'. The new brand will be a collection of luxury hotels that will be located in key destinations around the world.
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Oriental Hotels Reports Strong Revenue Growth in Q4 2023
Oriental Hotels Ltd. (OHL) reported strong revenue growth in the fourth quarter of 2023, driven by increased occupancy rates and higher average daily rates across its portfolio of hotels.
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Oriental Hotels to Expand into New Markets in Southeast Asia
OHL announced plans to expand its presence in Southeast Asia by opening new hotels in Thailand, Vietnam, and Indonesia. The company aims to capitalize on the growing tourism industry in the region.
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Oriental Hotels Signs Management Agreement for New Hotel in Dubai
OHL signed a management agreement with a leading real estate developer to operate a new luxury hotel in Dubai. The hotel is scheduled to open in 2025 and will be the company's first property in the Middle East.
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Oriental Hotels Launches New Loyalty Program
OHL launched a new loyalty program called 'OHL Rewards' to enhance guest experiences and foster brand loyalty. Members can earn points on hotel stays, dining, and other services, which can be redeemed for free nights, upgrades, and other benefits.
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Oriental Hotels Ltd. reports strong Q1 results
Oriental Hotels Ltd. (OHL) reported strong financial results for the first quarter ended March 31, 2023. The company's revenue increased by 20% year-over-year to Rs. 1,200 crore, while its net profit rose by 25% to Rs. 250 crore. The growth was driven by a strong performance across all of OHL's businesses, including its hotels, restaurants, and retail operations.
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Oriental Hotels Ltd. to invest Rs. 1,000 crore in new hotel projects
Oriental Hotels Ltd. (OHL) plans to invest Rs. 1,000 crore in new hotel projects over the next three years. The company will use the funds to build new hotels in key cities across India, including Mumbai, Delhi, and Bengaluru. The new hotels will be a mix of luxury and mid-market properties, and will cater to the growing demand for hotel accommodation in India.
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Oriental Hotels Ltd. wins award for best hotel chain in India
Oriental Hotels Ltd. (OHL) has been awarded the award for best hotel chain in India by the Travel and Tourism Association of India (TTAA). The award was given in recognition of OHL's commitment to providing excellent service and value to its guests. OHL operates a chain of luxury and mid-market hotels across India, and is known for its high standards of hospitality.