Latest news with #OberoiGroup
Time of India
4 days ago
- Business
- Time of India
Oberoi to Stay Rooted in India while Branching out Overseas
HighlightsThe Oberoi Group is set for expansion into new markets, including Saudi Arabia and Egypt, while maintaining a strong focus on the domestic Indian market, according to Arjun Oberoi, the executive chairman. In the financial year 2025, EIH Limited, the flagship of the Oberoi Group, reported a 14% increase in net profit, reaching ₹770 crore and a 10% revenue growth to ₹2,880 crore, driven by a premium service strategy and a growing demand for quality hospitality. Despite facing legal challenges regarding family property and disputes with the Himachal Pradesh government over a luxury hotel, the Oberoi Group is prioritizing growth in mixed-use developments and branded residences to meet rising market demand. The Oberoi Group is primed for further growth as its eponymous brand sits at the 'centre' of premium travel—the fastest-growing segment in India's hospitality industry, Arjun Oberoi, executive chairman of the luxury hotel chain , told ET. He said the group will enter new destinations such as Saudi Arabia and Egypt while continuing its sharp focus on the growing domestic market. Over the last few years, the operator of the Oberoi and Trident hotel brands has seen a 'strong' uptick in financial performance, said group CEO Vikram Oberoi in a joint interview. This was fuelled by the clear mandate of growing the hotel portfolio with 'carefully-curated, brand-aligned' properties, driving a high premium strategy, outperforming rivals during periods of high demand, and offering 'exceptional' service to guests, he said. It was the first media interaction of the two Oberoi scions since the passing of patriarch PRS Oberoi in November 2023 and the formal handover to the third generation. The Oberoi Group delivered one of its strongest performances in the financial year 2025. For the year ended March 2025, EIH, the group's flagship, posted a 14% rise in net profit at ₹770 crore, while revenue grew 10% to ₹2,880 crore. Vikram Oberoi said guests are becoming more selective and are willing to pay a premium for quality service. 'People are traveling more, both for leisure and business. STR (Smith Travel Research) data shows we have significantly outperformed the market on revenue per available room, with a premium on average room rates and occupancy,' he said. 'In almost all locations, Oberoi ranks first on revenue per available room in its competitive set.' Vikram Oberoi expects India's affluence to accelerate. 'Twenty years ago, the Indian-to-foreign guest ratio was small. The proportion of our Indian guests has grown exponentially.' Having signed 21 new projects in under two years, the chain has launched its most ambitious growth strategy. The pipeline includes 19 hotels, two luxury boats, and a Nile River cruiser. A dozen of these are in India; the rest are in London, Saudi Arabia, Egypt, Bhutan, and Nepal. Sixteen will operate under the Oberoi brand and five under Trident. About half the new projects will be owned, while the rest will be under management contracts. Last November, the group said it will open a hotel in London's Mayfair through an arrangement with British property major Grosvenor and EIH London Investments. Saudi Arabia is another key focus. 'We've announced two hotels there. We're also entering countries we should've been in earlier—Indonesia and Egypt. India will remain our main thrust. It's still the right time to invest here,' said Arjun Oberoi. Post-Covid, competition in India's hospitality market has intensified, with Tata Group-owned IHCL, Marriott, Accor, and Hilton expanding rapidly. Arjun Oberoi explained that the chain is guided by internal benchmarks and won't stretch the brand to risk dilution. 'Why are our hotels recognised globally? Not just for the locations—but because we've crafted each one with love, care and thoughtfulness,' he said. While the generational transition has worked well, the company has also faced hurdles. The brothers are currently locked in a legal battle over PRS Oberoi's will, challenged by their stepsister Anastasia, who is claiming a share of the family properties. 'The matter is sub-judice; we wouldn't like to comment,' said Arjun Oberoi. The hospitality chain is also locked in a dispute with the Himachal Pradesh government over the historic luxury hotel, Wildflower Hall in Shimla. More recently, it exited the UAE, ending its management of The Oberoi Beach Resort, Al Zorah. Going forward, residences are another focus area, particularly where there is a hotel and viable residential opportunity. ' Mixed-use developments are increasingly the preferred model, and many partners see this as the best way to monetise assets,' said Arjun Oberoi. 'There is strong demand for branded residences, so it's something we're committed to.'
Hans India
4 days ago
- Hans India
Durgesh upbeat on Akhanda Godavari's tourism potential
Rajamahendravaram: Tourism, culture and cinematography minister Kandula Durgesh expressed confidence that the ambitious Akhanda Godavari Project, taken up at an estimated cost of Rs 94.44 crore, will transform the Godavari region into a major tourism hub, attracting between 15 to 20 lakh visitors annually and generating employment for over 8,000 people. Speaking to the media here on Monday, the minister announced that the foundation stone for the project will be laid at 10 am on June 26 by Union minister for tourism and culture Gajendra Singh Shekhawat, Deputy Chief Minister Pawan Kalyan, and Rajahmundry MP Daggubati Purandeswari. The project encompasses the redevelopment of the historic Havelock Bridge, the spiritual enhancement of Pushkar Ghat, the introduction of a daily Godavari Harathi, the establishment of an Experience Centre at Kadiyam Nursery, and the beautification of key religious and tourism spots such as Bridge Lanka and the famed Sri Kota Sattemma temple in Nidadavole. The Havelock Bridge, a 127-year-old heritage structure, will be reconstructed and converted into a dynamic cultural and recreational destination. Of its 54 spans along the 2.7 km stretch, 25 spans will be developed, each themed individually including zones representing Rajamahendravaram's history, Andhra Pradesh's legacy, waterfalls, a glass bridge, gaming zones, a space-themed gallery, urban hot craft bazaar, hanging gardens, a hologram zoo, time travel exhibits, a rail museum, and an aquarium tunnel. Adjacent to these zones, 10 buffer spaces will be created for visitor amenities. Durgesh added that a tent city will be set up on the 120-acre Bridge Lanka area beyond the 18th span, and boating facilities will be introduced to ferry visitors to and from nearby ghats. Pushkar Ghat will be developed into a prominent spiritual destination, with a combined vision to make Havelock Bridge and Pushkar Ghat a unified, dynamic tourist attraction. Kadiyam Nursery, one of the largest nurseries in India, will be elevated into an Experience Centre, with surrounding nurseries at Kadiyapulanka and Pottilanka being upgraded with eco-friendly infrastructure. The historically significant Sri Kota Sattemma temple in Timmarajupalem (Nidadavole mandal) will also undergo beautification under the project. Additionally, plans are in place to create a Godavari Harathi Ghat at Samisragudem on the Godavari canal and initiate boating experiences in the canal. Durgesh emphasised that the vision of Chief Minister N Chandrababu Naidu is to drive tourism-led employment and wealth creation. Revenue will be generated through entry fees, tourism activities, and retail outlets within the developed zones. In preparation for the Godavari Pushkaralu, roads, transport, and tourism infrastructure will be upgraded across key locations, he said. He announced that the Oberoi Group has shown interest in investing in five locations across the state, with resort plans underway at Picchukalanka. Durgesh also stated that Deputy CM Pawan Kalyan made a remarkable speech during the Murugan Bhaktavargal manadu held in Tamil Nadu. The state government is currently formulating a comprehensive film policy to boost the cinema industry in Andhra Pradesh. On the political front, the minister strongly criticised YSRCP president Y S Jagan Mohan Reddy for making provocative remarks during public tours. He condemned Jagan Mohan Reddy's approach, which he said encourages conflict and unrest. Durgesh called upon the people to reject divisive politics and support the government's efforts to establish peace and progress. He also criticised the previous administration for constructing the Rushikonda Palace instead of tourism resorts, which, he claimed, led to a loss in revenue for the tourism department. He noted that the palace's maintenance is currently causing heavy burden and said a decision will soon be taken to repurpose it for public benefit.
Time of India
5 days ago
- Business
- Time of India
Oberois' global push eyes Saudi, Egypt amid India focus
The Oberoi Group is primed for further growth as its eponymous brand sits at the "centre" of premium travel-the fastest-growing segment in India's hospitality industry, Arjun Oberoi, executive chairman of the luxury hotel chain , told ET. He said the group will enter new markets like Saudi Arabia and Egypt while continuing its sharp focus on the growing domestic market. Also speaking in a joint interview, Vikram Oberoi , group CEO, said the operator of Oberoi and Trident hotels has seen a "strong" uptick in financial performance, driven by a mandate to grow the portfolio with "carefully-curated, brand-aligned" properties, push a high-premium strategy, and deliver "exceptional" service. It was the first media interaction of the two Oberoi scions since the passing of patriarch PRS Oberoi in November 2023 and the formal handover to the third generation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mini House for 60 sqm for Seniors with Toilet and Bath (Click Here) Pre Fabricated Homes | Search Ads Search Now Undo The Oberoi Group delivered one of its strongest performances in the financial year 2025. For the year ended March 2025, EIH Ltd , the group's flagship, posted a 14% rise in net profit at ₹770 crore, while revenue grew 10% to ₹2,880 crore. Vikram Oberoi said guests are becoming more selective and are willing to pay a premium for quality service. Live Events "People are traveling more, both for leisure and business. STR (Smith Travel Research) data shows we have significantly outperformed the market on revenue per available room, with a premium on average room rates and occupancy," he said. Vikram Oberoi expects India's affluence to accelerate. "Twenty years ago, the Indian-to-foreign guest ratio was small. The proportion of our Indian guests has grown exponentially." Having signed 21 new projects in under two years, the chain has launched its most ambitious growth strategy. The pipeline includes 19 hotels, two luxury boats, and a Nile River cruiser. Twelve of these are in India; the rest are in London, Saudi Arabia, Egypt, Bhutan, and Nepal. Sixteen will operate under the Oberoi brand and five under Trident. About half the new projects will be owned, the rest under management contracts. Last November, the group said it will open a hotel in London's Mayfair through an arrangement with British property major Grosvenor and EIH London Investments Ltd. Saudi Arabia is another key focus. "We've announced two hotels there. We're also entering countries we should've been in earlier-Indonesia and Egypt. India will remain our main thrust. It's still the right time to invest here," said Arjun Oberoi. Post-Covid, competition in Indian hospitality has intensified, with IHCL, Marriott, Accor, and Hilton expanding rapidly. Arjun Oberoi explained that the chain is guided by internal benchmarks and won't stretch the brand to risk dilution. "Why are our hotels recognised globally? Not just for the locations-but because we've crafted each one with love, care and thoughtfulness," he said. While the generational transition has worked well, the company has also faced hurdles. The brothers are currently locked in a legal battle over PRS Oberoi's will, challenged by their stepsister Anastasia, who is claiming a share of the family properties. "The matter is sub-judice; we wouldn't like to comment," said Arjun Oberoi. The hospitality chain is also locked in a dispute with the Himachal Pradesh government over The Wildflower Hall in Shimla. More recently, it exited the UAE market, ending its management of The Oberoi Beach Resort, Al Zorah. Going forward, residences are another focus area, particularly where there is a hotel and viable residential opportunity. "Mixed-use developments are increasingly the preferred model, and many partners see this as the best way to monetise assets," said Arjun Oberoi.
Time of India
16-06-2025
- Business
- Time of India
Oberoi Group launches 'Elements' Plan to go greener by 2030
The Oberoi Group said on Monday that Elements by Oberoi , the Group's environmental and social responsibility framework, which reflects a philosophy that has 'quietly' shaped its ethos for decades, now takes 'centre stage' as the company scales 'new heights.' Oberoi Hotels & Resorts said by 2030, it aims to recycle 100% of waste water and reduce fresh water consumption per occupied room by 20%, source 50% of electricity from renewable energy , transition transport fleets to fully electric vehicles and phase out fossil fuel-based thermal systems in favour of electric alternatives across all new hotels. The chain said guided by life-sustaining elements, earth, water, and air, this framework articulates the group's environment-first actions and sets forth ambitious goals to further reduce ecological impact, drive operational innovation, and uplift communities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Explore the 18 Most Stunning Hotel Pools Only the Rich and Famous Get to Swim In! Click Here Undo 'We have always believed that excellence must be enduring. As we grow and expand our footprint, sustainability is not just a value—it is a way of life that shapes how we build, serve, and lead. With Elements by Oberoi, we reaffirm our commitment to responsible growth, where every decision is made with care for our planet and our communities," said Arjun Oberoi, executive chairman of The Oberoi Group. Vikram Oberoi, chief executive officer of The Oberoi Group, further added that with Elements by Oberoi, sustainability is 'seamlessly' embedded into the guest journey and in how the chain engages with people, the communities around it and its precious environment. "Our commitment is to creating experiences that are both meaningful and mindful," he added. Live Events The chain said from advanced rainwater harvesting and zero liquid discharge systems to sustainable laundry operations, it embeds circular practices into its water management. It further added that it is committed to reducing its carbon footprint and embracing clean energy, smart systems, and air purification across its hotels. "From solar- and wind-powered operations to electric vehicle charging infrastructure and automated energy systems, our efforts ensure a healthier and more sustainable future for our guests and the planet," the group said in a statement.
Time of India
12-06-2025
- Automotive
- Time of India
The Oberoi Concours to be held in Oberoi Udaivilas from 20-22 February 2026
The Oberoi Group's automotive event The Oberoi Concours d'Elegance returns for its second edition at The Oberoi Udaivilas in Udaipur . The Oberoi Group said the event will be held from February 20-22, 2026. The chain said the event will begin with The Oberoi Tour d'Elegance, an exclusive drive around the picturesque Fatehsagar Lake in Udaipur. Sandra Button, chairman of the Pebble Beach Concours d'Elegance, returns as chief judge, leading a panel of experts, collectors, and racing legends, including Sir Jackie Stewart, Jacky Ickx, Giacomo Agostini, Derek Bell MBE, Prof. Peter Stevens, Prof. Gordan Murray, Prince Michael of Kent, Sir Michael Kadoorie and Jean Todt. David McKirdy continues as chief judge for motorcycles. Simon Kidston will once again serve as the Voice of The Oberoi Concours d' Elegance, guiding attendees through the event. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Преносим лазерен заваръчен пистолет, 50% отстъпка в нов магазин HEO Купете сега Undo Arjun Oberoi, chairman, The Oberoi Concours d' Elegance committee and executive chairman, The Oberoi Group said The Oberoi Concours d'Elegance has set a new standard for automotive events in India and beyond. "Its global recognition is a testament to our commitment to celebrating the finest classic automobiles and motorcycles in an extraordinary setting. We are delighted to welcome collectors and enthusiasts back to The Oberoi Udaivilas, Udaipur for an even more spectacular second edition," he added. Manvendra Singh Barwani, curator – The Oberoi Concours d' Elegance said this event showcases India's deep-rooted automotive heritage and its growing significance on the global concours circuit. "We look forward to gathering some of the world's most remarkable classic vehicles , judged by an exceptional panel of experts, in a truly regal setting," he added. Live Events The Oberoi Group said Concours d'Elegance has already cemented its place on the global automotive stage, being recognized as the ' Concours Event of the Year ' at the 2024 Concours Year Awards and the 'Breakthrough Event of the Year' at the International Historic Motoring Awards 2024. "The upcoming edition promises to build on this legacy, offering an unparalleled experience set against the breath taking backdrop of The Oberoi Udaivilas, Udaipur," the chain said in a statement.
