Chalet Hotels’ in-house premium lifestyle hospitality brand, Athiva Hotels and Resorts, is set to add another property through rebranding. After relaunching The Dukes Retreat in Khandala as Athiva Resort & Spa, Khandala last year, the company is now preparing to rebrand Four Points by Sheraton Navi Mumbai, Vashi, into an Athiva property, CEO Shwetank Singh said Tuesday during an earnings call.
The rebranding is expected to be completed within the current quarter.
“This was the first full quarter of the launch of Athiva Khandala,” he said. “In the 45-day run we saw in the third quarter, we have already had five full sold-out days.”
Despite softer occupancy, Chalet reported strong pricing-led growth during the quarter. Revenue per Available Room (RevPAR) grew 12% year-on-year, driven by a 16% increase in average daily rates (ADRs).
According to Singh, the drop in occupancy was largely due to rapid inventory additions in Bengalur