EIH Associated Hotels · forward-looking guidance across the available source record.
Guidance tracker
Management expects international arrivals to normalize in H2 if geopolitical conditions in West Asia stabilize, providing upside to Oberoi brand which attracts higher proportion of foreign guests with superior rate-paying propensity.
Vikram Oberoi stated that Q2 business on books is very positive year-over-year, though he declined to provide specific forward projections citing inability to forecast through Q4.
South Bombay hotel renovation (120 keys across 4 floors) will finish in September instead of October. Trident Bandra Kurla has 57 rooms under renovation in Q2, with minimal revenue impact as work happens during low-occupancy summer months.
Historic building restoration requires compliance with current fire and structural safety regulations. A tragic construction incident in Kolkata two months ago halted all construction citywide; EIH awaits individual building approval to resume work.
Management indicated that February is traditionally strong and all signs point to a very strong month for the company and the industry.
Plans to renovate additional floors at Oberoi Mumbai in the coming financial year, following successful renovations at Trident Nariman Point.
The hotel will reopen with approximately 200 keys (50 rooms initially) after renovation, with room sizes substantially increased.