Hospitality firm Tamara Leisure Experiences expects its business to grow three-fold in the current fiscal, compared to pre-pandemic levels, amid easing of travel restrictions, according to the company CEO Shruti Shibhulal.
The company is looking at inorganic expansion through acquisitions across its affordable, midsegment and leisure businesses across India as well as overseas through internal accruals, Shibulal told PTI.
"Due to COVID there was instability... This year we are expecting to hit about three times the number that we hit in 2019-20. Take the cut-off as March," she said on the sidelines of Entrepreneur Annual Conclave. Tamara Leisure operates in three segments -- luxury resorts, business hotels and midsegment.
Daughter of Infosys co-founder and former CEO SD Shibulal said that the last couple of years were very unstable. The company's business hotels were running in losses but with the easing of travel restrictions, the revenue has boomed again. "... We are seeing a very different behaviour from the last few years. I would say between 2019 and 2023 we have grown about 10 times," Shibulal said.
Besides organic expansion, the company is looking to expand business both within the country and overseas through acquisitions. "We are looking at Lilac Hotels, which is our midsegment hotel, there we look at a minimum of 50 keys. For O By Tamara, we look at a minimum of 100 keys.
The company is looking at inorganic expansion through acquisitions across its affordable, midsegment and leisure businesses across India as well as overseas through internal accruals, Shibulal told PTI.
"Due to COVID there was instability... This year we are expecting to hit about three times the number that we hit in 2019-20. Take the cut-off as March," she said on the sidelines of Entrepreneur Annual Conclave. Tamara Leisure operates in three segments -- luxury resorts, business hotels and midsegment.
Daughter of Infosys co-founder and former CEO SD Shibulal said that the last couple of years were very unstable. The company's business hotels were running in losses but with the easing of travel restrictions, the revenue has boomed again. "... We are seeing a very different behaviour from the last few years. I would say between 2019 and 2023 we have grown about 10 times," Shibulal said.
Besides organic expansion, the company is looking to expand business both within the country and overseas through acquisitions. "We are looking at Lilac Hotels, which is our midsegment hotel, there we look at a minimum of 50 keys. For O By Tamara, we look at a minimum of 100 keys.
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