Indian Hotels widens net loss

Indian Hotels has reported a widening of its standalone net loss after tax at Rs 9 crore for the quarter ended June against the loss of Rs 5 crore for the corresponding quarter of the previous year. Net sales during the period increased by 6 per cent at Rs 474 crore. EBITDA improved by 11 per cent at Rs 70 crore over the corresponding quarter. In view of the seasonality of the sector, the financial results for the quarter are not indicative of the full year’s expected performance, the company said in a statement.

The above is an extract of the original article available


About RezNext

RezNext is the world’s only true Real-Time Distribution Management Solution provider. It empowers hotels to adopt a distribution strategy that simplifies the complex global distribution environment and makes it understandable and manageable. It is integrated with revenue management, operating intelligence and powered with reputation management insights. RezNext’s portfolio of offerings include Rate & Channel Manager, Revenue Management, Online Reputation Management, Website Designing and Web Booking Engine, Mobile solutions, Central Reservation System, Business Intelligence, Property Management System (PMS) two-way connect, GDS and OTA Interface and Loyalty & Feedback Management. Our growing range of solutions can be access by hospitality properties across market segment and size, such as independent hotels, chain hotels, business hotels, resorts, clubs, service and limited service apartments, spas, restaurants and others.
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