Apeejay Surrendra Park Hotels Limited has announced a record Q2 revenue growth of 18% for the fiscal year 2026, marking its best-ever performance in terms of both revenue and profit growth at the operating level. The company reported mid-teen EBITDA growth, reflecting a significant uptick in operational efficiency and market demand. This impressive financial performance comes as the hospitality sector continues to rebound from the impacts of the pandemic, highlighting the resilience and strategic positioning of PARKHOTELS in the market.

In addition to strong revenue figures, Apeejay Surrendra Park Hotels has completed the acquisition of Zillion Hotels in Juhu, Mumbai, with plans for the property to open by the end of 2026. The company is also moving forward with a new hotel and residences project at EM Bypass in Kolkata, having received approval from the Kolkata Municipal Corporation, with groundbreaking scheduled for January 2025. These developments underscore the company's commitment to expanding its footprint in key urban markets and enhancing its service offerings.

Furthermore, ICRA has retained the company’s A+ credit rating and has revised its outlook from stable to positive, reflecting confidence in its financial health and growth trajectory. The implementation of NOR1, an AI-based upselling platform, is also expected to enhance revenue generation capabilities. With these strategic initiatives and strong financial results, Apeejay Surrendra Park Hotels is well-positioned to capitalize on future growth opportunities in the hospitality sector.