{"id":8354,"date":"2022-11-16T07:13:55","date_gmt":"2022-11-16T07:13:55","guid":{"rendered":"https:\/\/hoteliersweb.com\/News\/?p=8354"},"modified":"2022-11-16T07:13:56","modified_gmt":"2022-11-16T07:13:56","slug":"sterling-holiday-resorts-records-ebitda-of-rs-56-cr-in-the-first-half","status":"publish","type":"post","link":"https:\/\/hoteliersweb.com\/News\/articles\/8354","title":{"rendered":"<strong>Sterling Holiday Resorts records EBITDA of Rs. 56 Cr. in the First Half.<\/strong>"},"content":{"rendered":"\n<p><strong>14<sup>th&nbsp;<\/sup>November 2022, Chennai:&nbsp;<\/strong>One of India&#8217;s leading leisure hospitality brands, Sterling Holiday Resorts Ltd. recorded a profitable Half Year with a consolidated EBITDA of Rs. 56 Cr and a PBT of Rs. 32 Cr with a total income of Rs. 184 Cr. This was on the back of a consecutive second quarter of profits this year with a consolidated EBITDA of Rs. 16 Cr for the quarter. The company reported an operating free cash flow (OFCF) of Rs. 46 Cr for the half year.<\/p>\n\n\n\n<p>Compared to the same quarter last year, the resort business reported a 74% growth in revenues, powered by an increased guest ratio from 54% to 62%, increased occupancies at 53% compared to 46%, a 23% growth in room rates and a focused drive to increase food and beverage revenue while maintaining cost efficiencies. Compared to pre-pandemic levels, the resort revenues grew 48% with better occupancies and a 54% increase in room rates.<\/p>\n\n\n\n<p>The membership business too has strengthened with higher down-payments, an increased average ticket size and with sales from variable cost channels crossing the 50% mark leading to reduction in operating costs for this business and thus increasing the EBITDA for this business to 48% from 30% for quarter 2 last year.<\/p>\n\n\n\n<p>Sterling&#8217;s resorts have been rated very highly by customers \u2013 23resorts are rated 4.5 or more (on a 5-point scale) on Trip Advisor, with 2 resorts consistently rating 5 on 5. 12 resorts are ranked No.1 in their destination. Sterling Ooty Elk Hill won the Tamil Nadu Tourism award for &#8220;Best Leisure Hotel&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>14th&nbsp;November 2022, Chennai:&nbsp;One of India&#8217;s leading leisure hospitality brands, Sterling Holiday Resorts Ltd. recorded a profitable Half Year with a consolidated EBITDA of Rs. 56 Cr and a PBT of Rs. 32 Cr with a total income of Rs. 184 Cr. This was on the back of a consecutive second quarter of profits this year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8356,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-8354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/hoteliersweb.com\/News\/wp-content\/uploads\/2022\/11\/Sterling-Ooty-Fern-Hill-Resort.jpeg","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts\/8354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/comments?post=8354"}],"version-history":[{"count":1,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts\/8354\/revisions"}],"predecessor-version":[{"id":8357,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/posts\/8354\/revisions\/8357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/media\/8356"}],"wp:attachment":[{"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/media?parent=8354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/categories?post=8354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoteliersweb.com\/News\/wp-json\/wp\/v2\/tags?post=8354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}