Key Points: ITC Hotels reported a 9% rise in Q3 net profit to Rs 235 crore, driven by higher room rates and occupancy. JM Financial said ITC Hotels recorded a nine percent year-on-year increase in average room rates during the quarter, alongside a 290-basis-point expansion in occupancy. An ITC Hotels spokesperson said the company remains focused on disciplined growth and margin improvement. Expansion Strategy Focuses on Asset-Light ModelJM Financial said ITC Hotels currently operates a portfolio of 213 hotels, with 152 properties operational and sixty-one in the development pipeline. During the December quarter, ITC Hotels opened new properties in Bodh Gaya, Rishikesh, Siliguri, Sirmaur, Dungarpur and Jaipur, expanding its footprint across key leisure and pilgrimage destinations.

Source: The Hindu January 21, 2026 13:48 UTC