Royal Orchid Hotels is in focus on the back of opening a new resort in Nashik. In an interview to CNBC-TV18, Amit Jaiswal, CFO of the company spoke at length about the same.
Hotel industry is doing very well and in the last quarter we saw 75 percent occupancy overall, said Amit Jaiswal, CFO of Royal Orchid in an interview to CNBC-TV18.
Current average room rate (ARR) is at Rs 3,600 and the company is looking to increase the same, Amit Jaiswal, CFO of Royal Orchid told CNBC-TV18.
In an interview to CNBC-TV18, Amit Jaiswal, CFO of Royal Orchid Hotels spoke about the benefits from goods and services tax (GST) and his outlook going forward.
Royal Orchid Hotels is buzzing in trade, up 5 percent on the back of the new goods and services tax (GST) rates for hotels. In an interview to CNBC-TV18, Amit Jaiswal, CFO of the company spoke about the latest happenings in his company and sector.
The average revenue per room has risen by 5 percent year-on-year in the second quarter of current fiscal. Jaiswal is confident that the ARR will keep climbing up every quarter.
Royal Orchid Hotels‘ board today gave the green signal for a debt restructuring for the company‘s Rs 154 crore debt. The stock was up Rs 2.50, or 5.79% at Rs 45.70. It touched an intraday high of Rs 47.35.
CK Baljee, Chairman of Royal Orchids, in an interview with CNBC-TV18’s Sonia Shenoy and Ekta Batra, gave his perspective of the fourth quarter performance and their divulged future plans.
In an interview with CNBC-TV18, Keshav Baljee, president of Royal Orchids said, "We expect the hotel to generate healthy revenues. But, in terms of this quarter or next, we don’t expect it to add significantly to the topline."
In an interview with CNBC-TV18, Keshav Baljee, President, Royal Orchid, spoke about the results and his outlook for the company.
In an interview with CNBC-TV18, Keshav Baljee, President, Royal Orchid Hotels, spoke about the latest happenings in his company and sector.