Regenta & Royal Orchid Hotels to have 100 hotels by January, 2024

Indian hospitality group Regenta & Royal Orchid Hotels, in pursuit of expanding its portfolio with additional hotels, is well positioned to inaugurate and manage the significant milestone of one hundred hotels, encompassing both domestic and international properties. One of the country's rich history and fastest-growing hotel chains, which commenced its operations in the country with their first property in Bangalore Hotel Royal Orchid in the year 2001 currently caters to discerning business and leisure travellers through their 98 properties across 60 locations spanning 18 states. The hotel chain will soon reach its 100th properties in January 2024 with addition of two new Regenta Hotels.

Chander Baljee, Chairman and Managing Director, Royal Orchid and Regenta Hotels said, "We have been on an aggressive growth path over the last year, adding almost 24 hotels during the calendar year. The Royal Orchid and Regenta brands are today one of the most loved brands across the country and resonate with travelers across segments. We have successfully managed to create a niche for ourselves by providing unmatched experiences to our guests. As we step foot into the New Year, our aspirations to increase our footprint and enter virgin territories shall continue to grow. We want to make sure that Royal Orchid and Regenta brands become synonymous for anybody wanting to explore the rich expanse that Bharat has to offer. This will also be seen in the properties we will be adding to our kitty in 2024."

Additionally, he stated that the hospitality industry is experiencing a surge as a result of numerous government-implemented initiatives and the 'Escape Tourism' trend, which has played a pivotal role in generating a surge in the hospitality and domestic travel industries. "Escape tourism is one of the growth pillars that we anticipate becoming pervasive in 2024, providing an opportunity for the industry to capitalize. Escape tourism differs significantly from traditional leisure vacations where it offers an influx of niche experiences. This trend has positive implications for the hotel industry. Regenta & Royal Orchid Hotels boasts a diverse portfolio of properties spanning nearly every sector, including historic, wildlife, and religious establishments. With this new phenomenon, we aim to accommodate an even more extensive clientele."

Shares of Royal Orchid Hotels Limited was last trading in BSE at Rs. 316.35 as compared to the previous close of Rs. 318.20. The total number of shares traded during the day was 4683 in over 364 trades.

The stock hit an intraday high of Rs. 320.00 and intraday low of 312.10. The net turnover during the day was Rs. 1480840.00.

Source : Equity Bulls

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RoyalOrchidHotels INE283H01019 ROHL Regentttta 100Hotels January2024