Travel Guides & Articles
‘India’s Marriot is Taj’, Royal Orchid’s forte is India ethos

The company currently operates 7,167 keys across 118 hotels with another 2,500-plus rooms under development, and plans to add about 230 hotels over the next five years, taking the portfolio to 22,000 keys by FY30.
Baljee is clear about how he wants the group to be perceived. “We won’t be India’s Marriott. India’s Marriott is Taj,” he told Mint. “We’re building a distinctly Indian portfolio, with Indian roots and values, present wherever the Indian travels, at home and across the diaspora.”
For him, signing new assets is the easy part. Royal Orchid has “about 60-odd” in the bag and expects to add around 40 properties over the next 12 months, but executing them with the right brand fit and return on capital is what will matter.
At the premium end sits ICONIQA, an upscale lifestyle brand launched in Mumbai, which will be capped at eight hotels by 2030, given the design and investment intensity. Crestoria, a leisure-focused offering, will debut in the hills outside Dehradun shortly and could grow to 25 properties over the next five years.
The mid-market will continue to be led by Regenta and Regenta Place, while the biggest thrust will come from Regenta Z, a tech-first economy franchise that aims to ‘brandify’ India’s unorganised neighbourhood hotels with standardised rooms, hygiene systems and digital rails. “Every neighbourhood in India has a hotel. The dream is to bring them into the fold,” Baljee said. Flexi-lease structures typically involve ₹5-10 crore per asset, but are booked as advance rent recoverable from owners, helping the group scale without straining its balance sheet.
Financial discipline meets growth ambition
Royal Orchid ended FY25 with nearly 10% growth in consolidated income, up to ₹343.18 crore from ₹312.70 crore the year before, while earnings before interest, taxes, depreciation, and amortization (EBITDA) rose modestly to ₹96.8 crore. Net profit eased to ₹47.5 crore as against ₹50.8 crore a year earlier, though return on capital employed improved to 17.3%.
In Q1 of FY26, the company posted a 28% jump in profit after tax to ₹11.2 crore, with consolidated income at ₹82.8 crore, up 6.6% year-on-year. Free cash flow of about ₹55 crore is expected this year, with 40% earmarked for growth and another 40% for internal improvements and brownfield expansions.
Baljee insists that Royal Orchid’s growth filters are straightforward: brands must mean something to guests, execution must be meticulous from design to service, and every project must deliver high returns on capital. “If all three are met, we’ll do the hotel,” he said. Domestic demand is at the core of the plan. “India has 100 million people travelling. International inflow is a bonus,” he added.
The average room rates, he believes, will keep climbing steadily as higher-quality supply enters and independents come under brands. “Record highs will keep getting reset, subject to the world not falling apart.”
GST, infrastructure and the road ahead
While upbeat on growth, Baljee cautioned that tax policy could alter economics in unexpected ways. The reduction of the goods and services tax rate from 12% to 5% for hotels in the lower tier, he said, looks positive at the first glance but carries a hidden sting: the inability to claim input credit on supplies and lease rentals. “It increases operating costs, especially in the mid- and lower-mid market, and may get passed on to customers,” he said.
The company’s network spans 80 cities, but the ambition is to be in all 560 district headquarters and then deepen presence in mature markets. Baljee sees opportunity in both metros and micro-locations: from Amritsar in Punjab, where Royal Orchid already has five hotels and is planning more, to Gujarat’s Kevadia, home to the Statue of Unity, where new demand nodes are emerging.
The company is also betting on India’s growing events economy, from Coldplay weekends to G20-style summits, but Baljee stressed that scalability depends on public transport and venue infrastructure. Around the Mumbai-Ahmedabad bullet train corridor, Royal Orchid is developing a large hotel in Surat to capture the expected surge in demand.
Risks remain familiar: an economic downturn could stall momentum, and execution lapses are a constant challenge in an asset-light model reliant on developers. But Baljee is bullish. “We’ve invested heavily in the team and systems to align on a long-term vision, not just quarterly optics,” he said.
Travel Guides & Articles
Madhya Pradesh Tourism Board wins Best State award at India Travel Awards
Madhya Pradesh Tourism Board received the Best State Tourism Board Award at the India Travel Awards 2025, held earlier this week in New Delhi. The Union Minister for Tourism and Culture, Gajendra Singh Shekhawat, presented the award at a ceremony hosted at Le Meridien. The recognition placed emphasis on Madhya Pradesh?s progress in innovation, excellence, and sustainable growth within India?s tourism industry.
Minister of State for Tourism, Culture, and Religious Trusts and Endowments, Dharmendra Singh Lodhi, remarked that the honour stood as a source of pride for the people and cultural heritage of Madhya Pradesh. He added that under the leadership of Chief Minister Shri Mohan Yadav, the government had resolved to make tourism a driver of development. Lodhi stated that the state was committed to gaining global recognition for its heritage, natural wealth, and folk traditions, while the award provided renewed motivation to establish tourism as both an identity of the state and a medium for employment and self-reliance.
Additional Chief Secretary for Tourism, Culture, Home, Religious Trusts and Endowments, and Managing Director of MPTB, Sheo Shekhar Shukla, observed that the award reflected the team?s collective effort and vision. He expressed that the goal was not only to create new destinations but also to strengthen local economies, empower women, preserve culture and traditions, protect natural heritage, and promote sustainable tourism. Shukla noted that this recognition would inspire further efforts to make Madhya Pradesh ? known as the Heart of Incredible India ? a unique destination where tradition, nature, and modernity come together.
The award reaffirmed MPTB?s commitment to showcasing the state?s cultural and natural richness to a wider global audience. The board has consistently advanced eco-tourism circuits, encouraged community-based homestays, expanded adventure and experiential tourism, and invested in hospitality infrastructure to provide visitors with a world-class experience.
By combining cultural preservation with sustainable development, the state has positioned itself as an evolving global destination. With ongoing initiatives in eco-tourism, heritage promotion, and local empowerment, the Madhya Pradesh Tourism Board continues to build momentum towards its vision of offering a holistic travel experience that blends tradition, nature, and modernity.
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Commuters will have to wait six months more to travel on new Sadhu Vaswani bridge | Pune News

Pune: The civic body has finished around 50% of construction work on the new Sadhu Vaswani bridge in the Koregaon Park area, prolonging the wait for the project’s completion to at least another six months. At present, it is unlikely that the bridge will be ready for commuters before March 2026. Regular travellers to locations like Koregaon Park, Wadia College Chowk, Bundgarden, and around Council Hall have been facing daily hardships owing to traffic diversions introduced to assist the bridge work since 2024. Commuters said the detours increase travel time significantly, and the project should be finished at the earliest. Local commuter Ashish Gaikwad said a deadline is important to wrap up the work in progress. “People are already suffering a lot because of traffic restrictions. We want the administration to conduct repeated inspections of the work to ensure that there are no unnecessary delays,” he suggested While Pune Municipal Corporation (PMC) initiated work on the new bridge last year, a large duration of time went in demolishing the old Sadhu Vaswani bridge. Civic officials claimed that the work is progressing at the expected pace now, and the target has been set to finish it either by March 2026 or a few days before that. Once ready, the bridge will expedite commuting in the area. Its four dedicated lanes for vehicles will double the capacity of the old bridge, which had two narrow lanes. The bridge will connect Koregaon Park to the VVIP Circuit House Road. At present, commuters go via the Mangaldas Road-Wadia College-Bundgarden Road stretch between these areas. A PMC official said, “The project is delicate and challenging as the bridge is coming up above rail tracks. Works are being carried out without disturbing rail operations. We are working in coordination with the railway administration.” Demolition of the old bridge above the railway tracks had also been conducted as a joint operation between civic and railway authorities. Now, PMC has once again approached Railways, seeking a go-ahead to lay a water pipeline crossing the rail tracks from below. Officials said this water supply line was laid above the tracks along the old bridge. It will not be possible with the new infrastructure, so a plan has been formulated to align it below the tracks. Tunnel work for the pipeline has already started.
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