New Delhi: Vikramjit Singh has resigned from the place of the president of Lemon Tree Resorts to pursue an entrepreneurial position. His final date of working will likely be 31 January, 2024.
Singh has been with the corporate since 2016. That is his second stint with the Lemon Tree. Cumulatively, he’s spent over 18 years with the corporate. He first joined them in 2005 as assistant supervisor for the gross sales division.
Patanjali Govind Keswani, chairman and managing director of the corporate mentioned, “We want Vikram all the perfect in his new enterprise. Lemon Tree Resorts continues to have a secure senior expertise pipeline to take up his obligations.“
Singh, the corporate mentioned in an announcement, has been an integral half and has contributed immensely to the expansion of Lemon Tree Resorts and led a number of key initiatives in varied positions he held within the organisation.
The lodge chain reported a 15.5% improve in its income and a 35% surge in revenue for the second quarter of FY24. This stemmed from the hospitality trade’s restoration regardless of pandemic challenges. Quarter-on-quarter, income grew marginally by 2.22%, whereas revenue dipped 3.46%, presumably resulting from seasonality and market components. Mint reported that promoting, common, and administrative bills rose by 5.71% quarter-on-quarter and 20.71% year-on-year, indicating operational investments and enlargement plans to seize rising hospitality demand.
The corporate has 9,400 rooms in 96 accommodations in 61 areas. It has a pipeline of an extra 4000 rooms, in 57 extra accommodations. The group has seven manufacturers together with Aurika Resorts & Resorts, Lemon Tree Premier, Lemon Tree Resorts, Purple Fox Resorts by Lemon Tree Resorts, Keys Prima by Lemon Tree Resorts, Keys Choose by Lemon Tree Resorts and Keys Lite by Lemon Tree Resorts.
Milestone Alert!Livemint tops charts because the quickest rising information web site on the earth 🌏 Click here to know extra.
Obtain The Mint Information App to get Each day Market Updates & Reside Enterprise Information.
Extra
Much less
Up to date: 29 Nov 2023, 04:22 PM IST
Supply: Live Mint