Leela Palaces Hotels & Resorts Ltd (THELEELA) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Full-year FY27 EBITDA growth is now expected to be significantly higher than the initial mid-teens guidance, following a strong 38% growth in H1.
- The development pipeline's pending capex for five owned hotels is INR 1,432 crores, with project openings scheduled from late 2026 through 2028.
- Management is actively negotiating mid-to-high double-digit rate hikes for CY27 corporate contracts, signaling continued confidence in pricing power.
Performance Overview
- Delivered exceptional performance with 30% RevPAR growth, 33% growth in operating revenue, and 36% growth in operating EBITDA.
- Continued to gain market share, reflected by an expanded RevPAR Index of 1.46x and an industry-leading Net Promoter Score of 87.
- Experienced strong, broad-based demand across corporate travel, leisure, and MICE, with a notable return of international travelers.
- Successfully leveraged premiumization trends, evidenced by a 700 basis point increase in suite occupancy and a 30% rise in ADR.
- Progressed on a significant development pipeline with over 1,000 keys under development, including the upcoming openings of The Leela Jaisalmer and The Leela Luxury Residences in Mumbai.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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