India's Chalet Hotels expects revenue growth in the April-June quarter to improve sequentially, helped by strong domestic demand that has cushioned the impact of foreign tourist cancellations caused by the Gulf war, its top boss told Reuters.
Reuters – Chalet, whose portfolio includes 11 hotels across brands including JW Marriott, The Westin and Novotel, expects revenue growth, excluding its residential business, to be in the high-single- to low-double-digit percentage range, CEO and Managing Director Shwetank Singh said.
This would mark a recovery from the previous quarter, when core revenue growth slowed to 6% from 23% in the October-December period as the Iran war, which broke out in late February, disrupted travel and triggered widespread cancellations.
