Indian Hotels CEO Puneet Chatwal said demand continues to outpace supply, with strong first-half performance and an outstanding October expected, reiterating 12-14% growth guidance with upside potential

Mon 12 Oct 2026

Industry demand growth H1

8.6 percent

Industry supply growth H1

3.9 percent

Topline growth guidance

12 to 14 percent

Select services growth target

25 to 30 percent

Full service growth target

15 to 20 percent

Heard on business television between 10:36:05 - 10:39:05 IST.

• Puneet Chatwal, MD & CEO, said industry demand grew 8.6% in H1 versus supply growth of only 3.9%, per HVS data
• Said Delhi outperformed aided by the G20/Brics summit, with strong rooms, F&B and other revenue
• Reiterated topline growth guidance of 12-14%, with scope for north of 15% as revenues exceeded expectations
• Said select services business is growing 25-30%, full service business 15-20% minimum
• Said October looks outstanding due to shifted festival and wedding dates; cost of utilities rising sharply in remote locations like Andamans
• Said Taj SATS (airline catering) represents 12-14% of total topline, under pressure from August-September traffic dip but outlook strong with new international flights like Scandinavian Airlines

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