Sustained demand and pricing power to support revenue growth for premium hotel segment in H2 FY2026 and FY2027. The revision in the Flight Duty Time Limitation (FDTL) norms caused temporary flight disruptions in early December 2025. The impact on hotel bookings was largely contained, as travellers extended their stays due to flight cancellations, took alternative modes of transportation to reach destinations, which coupled with bulk bookings due to the wedding season reduced the impact to an extent.

Exhibit: Indian Premium Hotel Market – Long-term Trend in Operating Metrics