Kamat Hotels India

KHIL has firmly established four hotel brands viz. The Orchid - An Ecotel Hotel in the 5-Star segment and VITS Luxury Business Hotel in the 4-Star segment, Gadh Hotels and Lotus Resorts. The focus of the Company is in positioning its hotels to the business segment in the mid to up- market category. In addition, the Company consciously follows the policy of environment conservation in the operation of its hotels in all aspects viz. design, construction and operations. This environment positioning gives a duel advantage to the Company in terms of marketing & visibility coupled with lower cost of operations. In Asia, The Orchid Hotel - Ecotel, Mumbai, was the first to receive the Ecotel certification. Both The Orchid - An Ecotel Hotel and VITS have consistent past performance in terms of being in the top three hotels in the city of Mumbai in the respective category in terms of average revenue per room. The average occupancy level during the financial year 2015-16 The Orchid, Mumbai, was, around 79% as compared to 69% in the previous year. The average occupancy level of VITS Mumbai was around 80% as compared to 72% in the previous year. The Average Room Rate, during the year under review, was at Rs. 5,553/- at The Orchid, Mumbai as compared to Rs. 5,355/- in the previous year and at Rs. 3,518/- at VITS, Mumbai as compared to Rs. 3,284/- in the previous year. The total turnover of the Company for the year was recorded at Rs. 15,816.20 lakhs (of which the turnover of Rs. 9,000.36 lakhs pertains to The Orchid, Mumbai, Rs. 2,905.08 lakhs to VITS, Mumbai and Rs.3,910.76 lakhs to other units) as against Rs. 1,930.36 lakhs in the previous year, a increase of around 13.54% over the last year. The Company has registered loss after tax of Rs. 8,528.27 lakhs as compared to loss of Rs. 5,915.69 lakhs in the previous year.