Indian Hotels Company (IHCL) reported a record profit of INR 10.53bn ($141m) in the financial year 2023, compared to a loss of INR 2.65bn in the previous year, due to strong demand and asset management initiatives, among other factors. The company's revenue from operations rose 90% to INR 58.10bn during the same period, with IHCL achieving strong revenue per available room (RevPAR) leadership across its portfolio in key markets. The chain now operates over 260 hotels including the recently launched Qmin and ama Stays & Trails brands.
