Revenue from operations increased 13% year-on-year to ₹320.96 crore in the quarter, while gross transaction value (GTV) climbed 22% to ₹5,304.47 crore. Additionally, contribution margin rose 14% to ₹124.86 crore.

Hotels emerged as one of ixigo’s fastest-growing businesses, with GTV increasing 2.6 times year-on-year to ₹111.34 crore, including Brevistay. Revenue from the segment also surged more than sixfold to ₹8.1 crore.

The company crossed 5,000 hotel room nights per day, with daily volumes growing 3.9 times year-on-year. It recorded approximately 4.7 lakh room nights during the quarter, positioning its hotel business among India’s fastest-growing online travel agency (OTA) operations in the segment.

Q2 FY27 also marked the first quarter in which ixigo disclosed hotels as a separate business segment. The company reported 159% year-on-year growth in hotel GTV and 528% growth in revenue, alongside a gross take rate of more than 12%. Moreover, over 86% of hotel bookings came from its existing captive user base.

Ixigo’s hotel inventory comprises more than 70,000 properties across India, including over 12,000 directly contracted properties spread across 1,100 towns.

As ixigo seeks to diversify beyond its core train, flight, and bus booking platforms, hotels are emerging as an important growth avenue. The company plans to continue investing in the segment and artificial intelligence (AI) to support its long-term expansion.

Meanwhile, flights and buses remained key contributors to quarterly performance, with GTV growing 37% and 32% year-on-year, respectively.

Ixigo also expanded its distribution network by enabling train bookings through Uber, building on its existing bus booking integration. Additionally, its food delivery services through Zoop and Swiggy now cover more than 290 railway stations.

According to the company, higher airfares and limited availability of confirmed train tickets continued to support demand for intercity bus travel. At the same time, ixigo continued investing in customer experience and expanding its supply network.

Its bus booking platform, AbhiBus, also introduced Women Zone, a booking option designed specifically for solo women travellers.

Commenting on the results, Bajpai said ixigo delivered resilient growth, recording quarterly GTV of ₹5,304 crore and revenue from operations of ₹321 crore.

“Our PAT was an all-time high aided by our partial sale of stake in FreshBus. Flight and bus led the quarter with GTV growth of 37% and 32% year-on-year, respectively,” he said.

“From this quarter onwards, we are disclosing a new line of business of hotels, which grew GTV 2.6 times year-on-year to ₹111 crore, with a gross take rate of more than 12%. We continue to invest in hotels and AI as key drivers of our long-term growth,” Bajpai added.

The expansion comes amid changing travel preferences in India. Travellers are increasingly prioritising experiences, while families are combining religious journeys with leisure activities, and couples are opting for shorter, more private romantic getaways. Meanwhile, weekend trips and short breaks are becoming an increasingly important part of domestic travel.

To address these evolving preferences, StayVista is building a diversified hospitality portfolio through three hotel brands: Vaana, Sova, and Gram’s. Each brand caters to different destinations, travel occasions, and guest requirements. In addition to its boutique hotels, the company has developed a resort portfolio under Vaana, which currently comprises eight properties.

StayVista’s hospitality network spans destinations such as Amritsar, Ujjain, Goa, Juhu, Lonavala, Kasauli, Lansdowne, Chakrata, Bir, Mahabaleshwar, and Garh Mukteshwar. Furthermore, the company has additional properties in its pipeline across Alibaug, Goa, Chandigarh, and Karjat.

The strategy reflects StayVista’s view that Indian travellers increasingly seek accommodation tailored to the purpose of their trips rather than standardised hospitality experiences.

“The Indian traveller is changing, and hospitality needs to change with them. A business trip can now extend into a weekend, a family pilgrimage can become a larger family holiday, and a romantic getaway can be a two-night break rather than a long vacation,” said Amit Damani, co-founder of StayVista.

“We see a significant opportunity in building hospitality around these different reasons to travel. We currently have 15 boutique hotels and have a pipeline to take the boutique hotel portfolio to 30 by the end of FY27 and over 100 in the next three years. Vaana, Sova, and Gram give us the ability to build different kinds of stays while keeping the properties connected to their destinations,” he added.

StayVista is developing its boutique hotel portfolio through Vaana, Sova, and Gram’s, each with a distinct positioning. Vaana focuses on nature, tranquillity, and slow living. Its eight resorts span mountain, coastal, and leisure destinations and include Vaana Lonavala, Sirmour Baag in Kasauli, Tatvam in Lansdowne, Vaana by the Sea in Juhu, Dreamation Resort in Bir, Aaradhyam Resort in Garh Mukteshwar, and Vee Resort in Mahabaleshwar. Vaana Evara in Alibaug is the next planned addition.

Meanwhile, Sova is expanding StayVista’s presence in destinations where culture, spirituality, leisure, and business converge. Its properties aim to provide a more personalised hotel experience while maintaining a strong connection with their surroundings.

Gram’s follows a community-focused approach, drawing on the identity, local stories, and cultural character of each destination. Together, the three brands enable StayVista to serve different travel segments without imposing a uniform hospitality format across locations.

The company’s entry into boutique hotels and resorts builds on its experience in operating and marketing leisure properties across India. StayVista sees considerable potential among independent hotels and resorts that have attractive locations and offerings but need stronger distribution, marketing, revenue management, and operational systems.

Through its model, the company aims to provide these capabilities while preserving the distinctive features that make each property relevant to its destination.

StayVista’s current expansion pipeline includes Alibaug, Goa, Chandigarh, and Chakrata, alongside other destinations under evaluation. The company is working towards its FY27 boutique hotel expansion target while pursuing its longer-term ambition of exceeding 100 boutique hotels within three years.

Ultimately, StayVista aims to build a nationwide hospitality network covering leisure, spiritual, cultural, adventure, and business destinations, while catering to India’s increasingly diverse travel preferences.

The agreement forms part of Omaxe’s ₹6,200 crore hospitality expansion plan announced in June 2026. The broader initiative covers 19 hotels across five states, as the real estate developer looks to expand its presence in the hospitality sector.

The 10 projects covered by the operating arrangement involve an estimated investment of around ₹4,000 crore. The properties are planned across Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi, and Faridabad. The portfolio spans transit hubs, pilgrimage destinations, and commercial locations, aligning Omaxe’s hospitality strategy with its broader real estate and urban development projects.

The hotels will operate under brands within the Lemon Tree Hotels portfolio and cater to different hospitality segments. Depending on the project, development and commissioning timelines are expected to range from nine months to five years.

Mohit Goel, Managing Director of Omaxe Ltd., said the partnership reflects the company’s focus on developing hospitality projects in Tier 2 and Tier 3 cities, where demand is driven by business, leisure, pilgrimage, and transit travel.

Neelendra Singh, Managing Director of Lemon Tree Hotels Limited, said the arrangement would support the company’s expansion into Tier 2 and Tier 3 markets while adding managed properties across different locations and formats.

The projects will follow a sale-led development model, with Omaxe planning to finance construction and completion through sales proceeds rather than loan funding. The proposed developments include hotels and service apartments across locations such as Lucknow, Vrindavan, Amausi near the airport, Ghaziabad, Greater Noida, Amritsar, Kaushambi, and Faridabad.

For Lemon Tree Hotels, the arrangement offers an opportunity to expand its managed hotel portfolio without directly owning the properties. Meanwhile, Omaxe will leverage an established hospitality operator to manage its hotel developments as it broadens its business beyond conventional real estate projects.

The partnership forms part of Omaxe’s wider strategy to integrate hospitality developments with its townships, commercial projects, and mixed-use properties, strengthening its presence across India’s growing hospitality markets.

Located in Sainath Nagar, Powai, the new spa is a two-minute walk from Dr. L. H. Hiranandani Hospital. Additionally, Hiranandani Market is approximately 1.8 km away, or a 10-minute drive. With Powai Lake and Hiranandani Gardens also nearby, the location offers convenient access to wellness services for residents and visitors.

The spa offers a range of treatments, including traditional massage therapies, Ayurvedic wellness massages, beauty therapies, facials, and other wellness services. Through this launch, Tattva aims to bring holistic wellness experiences closer to customers across the city.

Situated amid established residential neighbourhoods and corporate hubs, the new facility provides residents and working professionals with a convenient space to unwind and recharge. Consequently, it aims to support relaxation and a healthier work-life balance amid busy urban routines.

The Powai launch further strengthens Tattva Wellness Spa’s footprint in Mumbai through a neighbourhood-focused wellness offering that complements its existing locations. By expanding across established residential and commercial catchments, the brand aims to serve customers closer to where they live and work while continuing to grow in Mumbai’s metropolitan wellness market.

The company currently operates around 14 One8 Commune outlets and two Neuma restaurants. Meanwhile, Pincode has expanded its presence to Goa, Ludhiana, and Bengaluru in India, along with Abu Dhabi and Dubai in the UAE.

As part of its expansion strategy, True Palate Hospitality has several projects in the pipeline. The company plans to open a One8 Commune outlet in Guwahati, while Pincode is preparing to enter Surat. Additionally, Neuma is scheduled to launch in Udaipur, with Hyderabad and Goa also under consideration for the brand.

Tihara said the company avoids replicating a single restaurant format across markets. Instead, each of its three concepts caters to a distinct audience and requires a tailored approach to location selection, design, menu development, and operations. Therefore, the company evaluates regional preferences and market conditions before entering a new city.

“Expansion is a key focus for us, alongside sustaining what we have already built,” Tihara said.

Furthermore, the company is evaluating different growth models, including partnerships and franchising. According to Tihara, the balance between company-operated outlets and partner-run formats will play a crucial role as expansion progresses. At the same time, managing multiple restaurant brands across new cities presents operational complexities, a challenge shared by the wider industry.

Beyond dining, True Palate Hospitality is developing Commune Circus, a premium entertainment and nightlife concept. The company has already staged the concept at One8 Commune outlets in Aerocity, Juhu in Mumbai, Goa, and Golf Course Road in Gurugram. It plans to introduce Commune Circus in additional cities to engage customers through experiences beyond food.

This strategy reflects a broader shift in India’s restaurant industry, where operators increasingly compete through ambience and experiences alongside food and service. Tihara noted that consumers are now better informed and have greater exposure to diverse experiences than in the past.

Ultimately, True Palate Hospitality’s growth in new markets will depend on its ability to build distinctive brands that remain relevant to local audiences. Tihara said the company aims to develop concepts that can scale across markets while preserving the unique characteristics that set each brand apart.

Located opposite Sri Ramanasramam and along the Girivalam path, Mango Hill Tiruvannamalai will offer a comfortable stay for pilgrims, families, and leisure travellers visiting the town’s spiritual landmarks.

The hotel will feature 32 premium guest rooms, a 60-cover restaurant, and a spacious lobby, catering to travellers seeking a peaceful and convenient base to explore the destination.

Key attractions in the vicinity include Arunachaleswarar Temple, Sri Ramanasramam, Skandashramam, and Virupaksha Cave, along with the popular Girivalam route around Arunachala Hill.

Tiruvannamalai Railway Station is approximately 3–5 km from the hotel. By road, Puducherry Airport is around 2–2.5 hours away, Chennai International Airport approximately 3.5–4.5 hours, and Bengaluru International Airport around 4–5 hours, depending on traffic and route conditions.

With this addition, Mango Hill Hotels & Resorts continues to strengthen its presence across Tamil Nadu, focusing on destinations that offer distinctive cultural, spiritual, and leisure experiences.

About Mango Hill Hotels & Resorts

Mango Hill Hotels & Resorts is a hospitality group offering distinctive stays inspired by the character of each destination, complemented by warm and thoughtful hospitality. The brand has a presence across Chennai, Coimbatore, Kodaikanal, Ooty, Pondicherry, Yercaud, and Velankanni, catering to travellers across diverse corporate, leisure, cultural, and spiritual destinations in South India.

As part of its growth plans, Mango Hill Hotels & Resorts is looking to expand its footprint in Maharashtra, including Pune, along with other emerging destinations. The group also plans to strengthen its presence across North, East, and West India, building a wider portfolio of destination-led hospitality experiences.

The group witnessed healthy growth across key performance indicators during Q2 2026, with occupancy increasing by 9%, Average Daily Rate (ADR) rising by 12%, and Revenue Per Available Room (RevPAR) registering a growth of 18% compared with the corresponding period last year.

The positive performance was supported by strong leisure travel, business movement, and growing demand across the group’s destinations. Properties across Gujarat, Rajasthan, Nepal, and other key markets continued to contribute to the group’s overall performance, with festive travel, weddings, corporate movement, and destination-led tourism emerging as important demand drivers.

Commenting on the performance, Pushpendra Bansal, COO, Lords Hotels & Resorts, said, “The second quarter has been encouraging for Lords Hotels & Resorts, with healthy growth across our key performance parameters. The sustained demand across our markets reflects the strength of our portfolio and the growing preference for well-located, quality hospitality experiences. We remain focused on strengthening our operations, enhancing guest experiences, and creating sustainable growth across our properties.”

About Lords Hotels & Resorts

Lords Hotels & Resorts is one of India’s leading mid-market hospitality brands, known for delivering quality stays across leisure, business, and pilgrimage destinations in India and Nepal. With a steadily expanding portfolio, the brand remains committed to offering value-driven experiences backed by reliable service and warm hospitality.

The launch expands Luxuria’s portfolio beyond its established leisure destinations in Rajasthan, Uttarakhand, and other northern markets. With the addition of the Gokarna property, Luxuria by Moustache now operates 11 properties, while Moustache Group of Hotels has a total portfolio of 38 properties across its Hostels, Select, and Luxuria verticals.

Luxuria Gokarna features 22 accommodation units, including 14 rooms overlooking the central swimming pool, four cottages with private plunge pools, and four cottages equipped with bathtubs. Additionally, two Presidential Suites occupy the upper floors and offer views from multiple sides. The property also provides an in-house restaurant, parking facilities, and a garden to enhance the guest experience.

Commenting on the launch, Abhishek Khandelwal, co-founder and director, Moustache Group of Hotels, said, “Gokarna gives us a very strong combination of beach, culture, and leisure travel, and it has a pace that fits naturally with Luxuria. The property itself sits above the surrounding landscape, so the sea and valley views become a big part of the stay. For us, this is also an important step in taking Luxuria further south and building a stronger presence in destinations where travellers are increasingly looking for quieter, more experience-led holidays.”

Gokarna offers a mix of religious tourism and coastal leisure experiences. The destination draws pilgrims to the Mahabaleshwar Temple, which houses the revered Atmalinga, while its coastline features popular beaches such as Gokarna Main, Kudle, Om, Half Moon, and Paradise. Moreover, the destination attracts visitors seeking beach activities, coastal trails, and wellness experiences.

The launch also comes ahead of Gokarna’s primary travel season, which typically runs from October to February. During this period, favourable conditions support beach visits and outdoor activities, positioning Luxuria Gokarna to cater to travellers seeking premium coastal stays and experience-led holidays.

Quality Inn Serenity offers 36 well-appointed rooms, comprising 27 executive rooms, 6 deluxe rooms, and 3 premium rooms. Additionally, the property provides a range of guest services, including a 24-hour front desk, housekeeping, laundry, travel assistance, doctor-on-call facilities, parking, and taxi arrangements. These amenities aim to ensure a comfortable and convenient stay for guests.

The hotel also features banquet and conference facilities designed to accommodate corporate meetings, training programmes, business gatherings, and social events, catering to both business and leisure travellers.

Commenting on the opening, Mansur Mehta, Managing Director, Suba Hotels Ltd, said, “Lucknow continues to emerge as a significant hospitality market, supported by growing commercial activity, infrastructure development, and increasing domestic travel. The opening of Quality Inn Serenity marks an important milestone as we expand our presence to seven hotels in the city.

“We see tremendous opportunities across corporate travel, medical tourism, leisure, FITs, and group segments. Our focus remains on delivering comfortable accommodation, convenient facilities, and personalised hospitality while strengthening our relationships with guests and business partners. We are confident that Quality Inn Serenity will become a preferred accommodation choice for travellers visiting Lucknow.”

Highlighting the company’s expansion strategy in Uttar Pradesh, Mubeen Mehta, Chief Executive Officer, Suba Hotels Ltd., stated, “Lucknow plays an important role as a regional business and travel hub, with connectivity to prominent destinations such as Ayodhya and Varanasi. The increasing movement of corporate travellers, tourists, and organised groups presents strong opportunities for quality branded accommodation. Our continued expansion in Lucknow reflects our confidence in the long-term potential of this market. We remain committed to growing our portfolio through strategic partnerships while maintaining consistent service standards and creating value for our guests and hotel owners.”

Meanwhile, Surya Prakash Havelia, Managing Director, Jwaladevi Infratech Pvt. Ltd., expressed enthusiasm about the partnership, saying, “We are delighted to collaborate with Suba Hotels Ltd. and become part of the internationally recognised Choice Hotels portfolio with the launch of Quality Inn Serenity, Lucknow. This association represents our shared vision of offering quality accommodation, contemporary facilities, and warm hospitality to travellers visiting the city. We believe Suba Hotels’ extensive sales and distribution network, brand expertise, and operational capabilities will help establish Quality Inn Serenity as a preferred hospitality destination in Lucknow. We look forward to a successful and long-term partnership.”

With this launch, Suba Hotels Ltd continues to strengthen its presence in Lucknow’s hospitality market, leveraging branded accommodation, strategic partnerships, and a focus on guest experience to tap into growing demand from corporate travellers, tourists, and group visitors.

The company, which operates 32 restaurants across five cities, reported revenue of around ₹150 crore in FY26, Managing Director Prashant Issar said.

Bellona Hospitality operates six brands: Ishaara, Dobaara, Cha Hongkong Eating House, Eight, Allora Milano, and Legume. Its restaurants are present in Mumbai, Pune, Bengaluru, Ahmedabad, and Lucknow.

To support its expansion plans, the company has earmarked ₹100 crore in capital expenditure (capex), which it will fund through internal accruals. The expansion will primarily focus on the five cities where it already operates, along with locations featuring Phoenix Malls.

“There is significant scope for expansion in the five cities where we are currently present. We plan to add another 20-30 outlets across these cities, where our existing infrastructure will make expansion easier and more seamless. We will then look at other major markets, including Hyderabad and Delhi-NCR. We will also expand our presence in upcoming Phoenix malls in cities such as Kolkata and Indore,” he said.

However, Bellona Hospitality will also consider opportunities in other locations if it identifies suitable sites and favourable business prospects. “So, basically, we will explore high-footfall destinations like tourist hubs or commercial hubs going forward,” Issar added.

According to Issar, the company’s next phase of expansion will primarily focus on its Cha, Ishaara, and Eight brands.

Meanwhile, the company plans to concentrate on the domestic market rather than pursue overseas expansion, given the opportunities available in India.

“A few years back, the Middle East seemed attractive; however, now it is not doing very well owing to the current circumstances. So, now our focus will only be on India,” he added.