Real Estate Mumbai

Chalet Hotels Q2: Resorts Surge, MMR Business Hotels Face Headwinds

By GeoSquare News Desk · Published 2026-11-13

Chalet Hotels has reported a 13% year-on-year increase in core EBITDA to ₹2,274 million for Q2FY27, driven largely by strong demand at its resort properties. The hospitality segment continues to show resilience, although business hotels in the Mumbai Metropolitan Region (MMR) are experiencing temporary headwinds.

Resort Segment Leads Growth

Resort properties across Maharashtra and other key leisure destinations have seen robust occupancy and average room rates, contributing significantly to the overall EBITDA growth. This trend aligns with the rising preference for weekend getaways and domestic travel among Indian consumers.

MMR Business Hotels Under Pressure

In contrast, business hotels in MMR are facing a temporary slowdown, attributed to softer corporate travel and a shift in demand patterns. However, industry experts believe this is a short-term phase, with infrastructure developments and upcoming commercial projects expected to revive demand.

Outlook for Property Investors

For investors, the hospitality real estate segment offers a mixed bag. While leisure properties are performing well, commercial and business hotel assets in MMR may require a longer investment horizon. Monitoring infrastructure projects like the upcoming metro lines and road expansions could provide cues for future demand.