Best yet to come for hospitality sector: IHCL CEO Puneet Chhatwal

The hospitality sector, and the Indian Hotels Company (IHCL) in particular, has surpassed the pre-Covid level in terms of room occupancy and average rates of 2019-20, but the “best is yet to come and there is room for further growth,” Puneet Chhatwal, chief executive and managing director, IHCL told Business Standard.
 

The Tata Group’s hospitality arm reported a record quarterly performance for the June quarter as all-round growth helped the firm surpass the 2019-20 operational performance in terms of occupancy and average daily rates.
 

It turned in a consolidated profit after tax (PAT) of Rs 170 crore for the quarter against