Can Luxury Hotels Boom Drive The Stock Rally For Chalet Hotels?
NDTV Profit · 23 Sept 2026 · 23 min
Management interview of Chalet Hotels Ltd (CHALET), with 6 key numbers discussed.
- Shwetank Singh, MD & CEO, Chalet Hotels Ltd
Chalet Hotels reiterated its strategy to focus heavily on the luxury, premium, and wellness spaces, including expanding its homegrown brand Athiva. The company plans to incur a capex of around Rs 30bn over the next three years to build out its project pipeline and refurbish existing hotels. Foreign tourist arrivals are recovering post the Middle East geopolitical impact seen in Q1, with Q2 remaining steady and strong growth projected from Q3 onwards. The management remains open to opportunistic acquisitions with net debt to EBITDA around 2x.