Royal Orchid Hotels widens Goa Footprint with 2 New properties

Following the announcement that it has opened two new properties under the Regenta brand in the Goan seaside town of Colva, Royal Orchid Hotels saw a 5.69% increase in value to Rs. 414.

With the opening of Regenta Baywatch Resort and Regenta Beach House in Colva, Royal Orchid Hotels has increased its number of hotels in Goa to six. These coastal hotels serve both leisure and event-based tourists with their contemporary conveniences, varied eating options, and spacious event spaces. With 10 million visitors in 2024, Goa's attractiveness is the target of the expansion.

One of the hotel chains with the quickest rate of growth in India is Royal Orchid Hotels. Its primary operations are 5-star and 4-star resorts, which allow it to cater to affluent business and leisure travelers. At the moment, it runs more than 110 hotels in India.

In comparison to Q3 December 2023, Royal Orchid Hotels' net profit increased 15.96% to Rs. 17.80 crore on a consolidated basis, while net sales increased 9.03% to Rs. 89.31 crore.

Arjun Baljee, President of Royal Orchid Hotels states, "Building on our 15+year legacy in Goa, ROHL is proud to announce the launch of two new signature properties that will further solidify our commitment to elevating the state's hospitality landscape and delivering unparalleled guest experiences. With their unique locations and superior amenities, we're confident that these two hotels will carve out a distinct presence in Goa's thriving market, especially for weddings and MICE (meetings, incentives, conventions and exhibitions) events."