Now, Oriental Hotels runs 8 hotels, including 2 in Chennai and one each in Madurai, Coonoor, Mangalore, Visakhapatnam, Kochi and Thiruvananthapuram.
Oriental Hotels is also expanding the Vivanta by Taj-Fisherman's Cove in Chennai, by adding one more block with 64 rooms, to its current 106 room capacity. Out of the 64 rooms, only 14 rooms are under construction and the rest are completed.
It is carrying out renovation work for the Taj Coromandel hotel in Chennai, and has completed works of a new swimming pool, retail shops, lobby, reception, lounge and entrance area.
report.
It has reported an 18% increase in its total income for the year 2010-11, at Rs 239.04 crore, as against Rs 202.23 crore last year.
The occupancy has increased to 68% during this year, as against 62% last year. The room income increased 23% during the financial year to Rs 122 crore, as against Rs 99 crore posted in the previous fiscal.
During the first quarter of this financial year, the company has posted an increase of 94.05 per cent in its net profit at Rs 3.26 crore, compared to Rs 1.68 crore reported during the same period last year. And its total income stood at Rs 54.98 crore in the first quarter, as against Rs 48.27 crore in the corresponding quarter last year, registering an increase of 13.9 per cent.
About Oriental Hotels Limited..!
Chennai-based hospitality firm, Oriental Hotels Limited was incorporated in 1970 as a public limited company. The promoters hold about 23%t of the total shares, whereas the public has nearly 19% holding in shares.
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