Lading hospitality company and a member of The Oberoi Group, EIH Ltd has achieved record financial results for the second quarter of fiscal year 2024-25 (Q2 FY25), underscoring its robust growth and unwavering commitment to excellence in luxury hospitality.
Strategic expansion and growth plans
Aligned with EIH Ltd.’s ambitious vision, the Company has a pipeline of 20 properties to be completed by 2029, comprising 17 hotels, 2 luxury boats, and a Nile Cruiser. This expansion includes:
- 9 hotels to be owned, invested in, and operated directly or through joint venture by EIH Limited.
- 11 properties (including the 2 luxury boats and a Nile cruiser) to be managed by The Oberoi Group
The pipeline spans 11 hotels in India and 9 international hotels in destinations such as London, Egypt, Bhutan, Nepal, and Saudi Arabia. Upon completion, 16 hotels (including 2 boats and a Nile Cruiser) will operate under the Oberoi brand and 4 hotels under the Trident brand comprising a total inventory of approximately 1,350 keys. Further, the mixed use development at Bengaluru and Pune will include commercial, retail and F&B space of approximately 11.71 lakhs square feet.
Arjun Oberoi, Executive Chairman of EIH Ltd., added, “Our second-quarter results are a testament to the strong operational strategy and financial discipline that drive our business. Achieving record revenue and profit growth highlights both our market resilience and commitment to long-term value creation for our stakeholders. With a confirmed expansion plan of 20 new properties, including 9 owned and operated flagship hotels and 11 managed properties, we are strategically growing our portfolio across key domestic and international markets. This growth trajectory reinforces our commitment to delivering exceptional experiences and underscores our ongoing focus on Environmental, Social, and Governance (ESG) principles as we build a sustainable future for luxury hospitality synonymous with our brands.”
Vikram Oberoi, CEO & Managing Director of EIH Ltd., further added, “Our record-breaking second-quarter results highlight strong demand, with standalone and consolidated Profit Before Tax rising by 34% and 41% year-on-year. This strong financial momentum reflects the unwavering trust our guests place in our brand and the relentless commitment of our teams to deliver outstanding service. Our expansion strategy, with 20 carefully curated properties across strategic global and domestic markets, underscores our ambition to meet the evolving aspirations of today’s discerning travellers.”
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