Oriental Hotels - On The Road To Recovery: ICICI Direct

Taj Coromandel, Chennai, Oriental Hotels Ltd. (Source Company website).

Oriental Hotels - On The Road To Recovery: ICICI Direct


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ICICI Direct Report

Oriental Hotels Ltd. operates in south India with Indian Hotels Company Ltd. being one of the promoter entities.

The company owns and operates seven hotels with ~820 rooms across business and leisure locations in south.

It derives majority of revenues from two of its properties in Chennai-

  • Taj Coromandel
  • Taj – Fisherman’s Cove.

After witnessing Covid-19 induced severe financial strain in H1 FY21, the company achieved operational breakeven performance in H2 FY21 despite a marginal pick-up in revenues.

The same was attained via slew of measures undertaken by the company to become more efficient and linear in terms of costs in the Covid era.

Click on the attachment to read the full report:

ICICI Direct Oriental Hotels Company Update.pdf


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