Hotel chains increase capex for property upgrades
after close1 source ↓written by the desknot a recommendation
- in refurbishment spending
- ₹2,000–3,000 crore
India’s leading hotel chains are ramping up capital expenditure for renovations, with estimates of ₹2,000–3,000 crore in refurbishment spending by FY27. Companies like Indian Hotels Company Ltd., EIH Ltd., and Lemon Tree Hotels Ltd. aim to enhance pricing power and guest experiences through these upgrades. This strategy positions them to better capitalize on the growing demand from business and leisure travelers.
Not investment advice. For informational purposes only.