EIH: All About Company’s Luxury Hotel Brands & Other Businesses

“The upcoming projects which have been announced. So, we have two sort of projects, one Bay Club in Mumbai, which has already opened in November 22. It’s world class members only club and the first one that matches is managing. We are also shortly due to launch our new standalone restaurant in Mumbai and in FY24-25 there are three committed projects which have been mentioned here in FY25-26 there are three again and if in the FY26-27 there are three more and there are under about 11 hotels which are under active discussion and we shall shortly be announcing them as soon as they are included. The business footprint is again available for anybody who’s interested in the presentation and this is just the statistics about the number of keys etc.”
-Kallol Kundu, CFO

Stock Data

Ticker	EIHOTEL
Industry	Hotels
Exchange	NSE & BSE

Share Price

Last 1 Month	3.7%
Last 6 Months	26.8%
Last 12 Months	65.3%

Business Basics

EIH Limited, formerly known as East India Hotels Limited, is a leading hospitality company in India. Established in 1934, the company operates under the brand name “Oberoi Hotels & Resorts” and is renowned for its luxury hotels and exceptional guest experiences. EIH Limited owns and manages a portfolio of luxury hotels and resorts in various cities across India and other international destinations. The company focuses on providing world-class hospitality services to both business and leisure travelers. The Oberoi Hotels & Resorts brand is synonymous with elegance, luxury, and personalized services.

The company’s hotels offer a range of accommodation options, including rooms, suites, and villas, catering to the diverse needs of guests. EIH Limited is committed to delivering exceptional dining experiences with its renowned restaurants serving a variety of cuisines, from Indian to international gourmet delights. In addition to accommodation and dining, EIH Limited provides a wide range of amenities and services to enhance the guest experience. These include wellness centers, spa facilities, fitness centers, swimming pools, and banquet and conference facilities for business events and special occasions.

Q4 FY23 Financial Performance

EIH Limited reported Total Income for Q4 FY23 of ₹663.85 Crore up from ₹316.84 Crore year on year, a growth of 109%. Consolidated Net Profit of ₹92.16 Crore, up 372% from ₹19.52 Crore in the same quarter of the previous year. The Earnings per Share is ₹1.35 in this quarter.

EIH Hotel Brand Portfolio

EIH Limited is a prominent hospitality company based in India, known for its exceptional hotel brands. Three of its renowned hotel brands are Oberoi Hotels & Resorts, Trident Hotels, and Maidens Hotel. Each brand offers unique experiences and services to cater to the diverse needs and preferences of travelers.

Oberoi Hotels & Resorts is the flagship brand of EIHL and is synonymous with luxury and unparalleled hospitality. With a presence in major cities and popular tourist destinations in India and beyond, Oberoi Hotels & Resorts have become synonymous with world-class service, attention to detail, and opulent accommodations. These properties showcase a perfect blend of traditional elegance and contemporary design, providing guests with an unforgettable stay. The Oberoi hotels are renowned for their luxurious rooms and suites, fine dining restaurants offering a range of global cuisines, state-of-the-art facilities, and breathtaking views. From business travelers to leisure seekers, Oberoi Hotels & Resorts cater to the needs of every discerning guest, ensuring a truly memorable and indulgent experience.

Trident Hotels is a premium brand within the EIHL portfolio, offering a blend of elegance, comfort, and efficiency. These hotels are strategically located in key business hubs and popular tourist destinations across India. Trident Hotels provide contemporary accommodations with well-appointed rooms, modern amenities, and personalized service. Known for their warm hospitality and attention to detail, Trident Hotels cater to both business and leisure travelers. The brand focuses on creating a seamless experience for guests, with efficient services, well-equipped meeting and event spaces, and a range of dining options offering diverse culinary delights.

Maidens Hotels is a heritage property managed by EIHL, located in the heart of Delhi, India. It is a charming and iconic hotel that exudes old-world charm and colonial grandeur. Built in the early 1900s, Maidens Hotel has preserved its historic character while providing modern comforts to its guests. The hotel offers a unique experience, allowing guests to step back in time and appreciate the grandeur of a bygone era. With its colonial-style architecture, lush gardens, and elegant interiors, Maidens Hotel provides a serene and tranquil retreat in the bustling city of Delhi. The hotel features spacious rooms, a swimming pool, a fitness center, and a variety of dining options that showcase the best of Indian and international cuisines.

Other Businesses & Ventures of EIH

In addition to its renowned hotel brands, EIH Limited, a prominent hospitality company based in India, has diversified its business portfolio to include several other ventures. These ventures complement the company’s core hotel operations and further enhance the overall guest experience. The Oberoi Vrinda is a luxury cruising experience offered by EIH Limited. Operating on the serene backwaters of Kerala, this unique venture allows guests to embark on a luxury houseboat and explore the picturesque waterways of God’s Own Country. The Oberoi Vrinda offers well-appointed cabins, world-class amenities, and impeccable service, providing guests with a truly memorable and tranquil experience amidst the natural beauty of Kerala.

Recognizing the importance of seamless travel experiences, EIH Limited established Oberoi Flight Services. This venture offers exclusive ground handling services at major airports in India, ensuring a smooth and hassle-free journey for guests. Oberoi Flight Services provides personalized assistance, expedited check-in and security procedures, and luxurious lounge facilities, allowing travelers to relax and enjoy a seamless transition through the airport. EIH Limited partnered with Avis, a leading car rental and mobility solutions provider, to offer Avis India services. Through this collaboration, EIH Limited extends its commitment to providing comprehensive travel solutions to guests. Avis India offers a wide range of well-maintained vehicles, including luxury cars, sedans, SUVs, and more. With convenient pick-up and drop-off locations and personalized services, Avis India ensures a comfortable and convenient travel experience for both business and leisure travelers.

EIH Aviation is the aviation arm of EIH Limited, offering private jet charter services. With a fleet of luxurious private aircraft, EIH Aviation provides customized and hassle-free air travel experiences. The company focuses on delivering privacy, comfort, and convenience to discerning travelers who value flexibility and personalized service. EIH Aviation’s private jet charter services cater to various travel needs, whether it’s for business trips, leisure travel, or special occasions. Oberoi Airport Services is another venture by EIH Limited, providing premium airport assistance and concierge services. The company operates at major airports in India, offering meet and greet services, baggage handling, immigration assistance, and more. Oberoi Airport Services aims to enhance the travel experience by ensuring a smooth transition through the airport, providing personalized attention, and facilitating a stress-free journey for guests.

Outlook of India’s Hotel Industry

Over the years, India’s hotel industry has expanded significantly and undergone significant change. India offers significant opportunities for hotel businesses as a nation renowned for its rich heritage, diverse cultures, and tourism industry that is on the rise. India has become a well-liked tourist destination, drawing both domestic and foreign visitors. The nation’s diverse cuisine, historical sites, natural beauty, and rich cultural heritage all add to its allure. The demand for hotels across all market segments, including luxury, mid-scale, and budget, has increased as a result of the tourism boom.

The industry uses key performance indicators (KPIs) such as Average room rate (ARR) and Revenue per available room (RevPAR) to track business development and manage hotels. The ARR decreased from ₹5,671 in FY 2017 to ₹5,458.68 in FY 2020. Between FY 2021 and FY 2025, it is projected to grow at a compound annual growth rate (CAGR) of 2.49%, reaching ₹6,292.85 in the latter year. In FY 2020, the RevPAR was ₹1,951.34 and is anticipated to reach ₹3,336.28 in FY 2025.

The Indian government has been investing heavily in infrastructure development, including airports, highways, and tourist attractions. Improved connectivity and accessibility are expected to boost tourism and drive demand for hotels in both popular and emerging destinations. As the Indian consumer becomes more discerning, there is a growing demand for luxury and boutique hotels that offer unique experiences and personalized services. Many international hotel chains and domestic players are expanding their luxury offerings to cater to this segment. The integration of technology, such as mobile check-ins, smart room controls, and personalized experiences, is becoming increasingly prevalent in the hotel industry. Hotels that embrace technological advancements are expected to provide enhanced guest experiences and gain a competitive edge.