Prolonged West Asia conflict
Geopolitical tensions have already caused revenue loss of ₹40-50 crore in Q4 and could continue to suppress international travel and MICE business.
INDIANHOTELS / Q4-FY26 / risks
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Indian Hotels · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Slowdown in foreign tourist arrivals
Foreign tourist arrivals remain below pre-COVID levels, and the trend may persist, limiting upside from international demand.
Impact of crude oil volatility on aviation costs
Rising crude prices could increase airfare, potentially dampening travel demand, though management sees this as manageable.
Execution risk in hotel openings
While guidance is for 60+ openings, actual numbers may vary due to delays; management acknowledged potential shortfall of ~500 keys.