jüSTa Hotels & Resorts is aiming to achieve a turnover of INR 100 Crores in the Financial Year (FY) 2023-24. The company currently has 19 hotels and resorts with over 500 keys in 8 states.
Ashish Vohra, Founder & CEO, jüSTa Hotels & Resorts, said, “Pre-pandemic, our turnover had touched almost INR 60 Crore. However, we came down to INR 15 Crore after the first wave. That is when we decided that it was time for us to reset, reimagine and reinvent the company. Therefore, we took some tough decisions and shut down 6 out of our 14 hotels.”
“We shifted our focus to luxury resorts and retreats and signed up our first hotel during the pandemic in Mukteshwar in August 2020. Since then, we have signed revenue sharing agreements with 11 hotels. In fact, 10 hotels were opened between the second and the third wave. In FY 2021-22, our turnover was INR 25 Crores and we should be able to achieve our pre-pandemic numbers this fiscal. If all goes well with the marker and as per our business plan, we will achieve a turnover of INR 100 Crores in FY 2023-24.” he added.
jüSTa Hotels & Resorts eyes a 100 Cr turnover in FY 2023-24
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