Exhibit 1 - Financial Performance of BHL

2015 2019
Revenue (₹) ₹868,700,000 ₹1,629,360,000
Expenses (₹) ₹729,708,000 ₹1,474,570,800
Profit (₹) ₹138,992,000 ₹154,789,200
Profit % 16% 9.50%

Exhibit 2 - Industry Average Revenue / Room / Night

Revenue Stream 2015
Percentage contribution to Occupancy Tariff 55%
Average Revenue / Room /
Night Food, Beverage & Banquets 39%
Others 6%

Exhibit 3 - Room capacity & average occupancy of BHL's hotels

2015 2019
No. of rooms 500 800
Occupancy 71% 73%

Exhibit 4 - Revenue Break-up of BHL

2015 2019
Occupancy Tariff ₹503,846,000 ₹912,441,600
Food, Beverage & Banquets ₹312,732,000 ₹586,569,600
Others ₹52,122,000 ₹130,348,800
Total ₹868,700,000 ₹1,629,360,000
Average Revenue / Room / Night
2016 2017 2018 2019
52% 51% 50% 48%
41% 43% 44% 45%
7% 6% 6% 7%

% Growth
81%
88%
150%
88%
Table 1
Industry average revenue / room / night (in ₹):
2015 2019
Occupancy Tariff ₹3,134 ₹3,322
Food, Beverage & Banquets ₹2,222 ₹3,115
Others ₹342 ₹484
Overall ₹5,699 ₹6,921
Table 2
BHL profitability driver metrics (in ₹)
2015 2019
Avg. revenue / room / night (in ₹) ₹6,704 ₹7,644
Avg. expense / room / night (in ₹) ₹5,632 ₹6,918

Table 3
BHL: Avg. Revenue / Room / Night by revenue stream (in ₹)
2015 2019
Occupancy Tariff ₹3,888 ₹4,281
Food, Beverage & Banquets ₹2,414 ₹2,752
Others ₹402 ₹612
/ night (in ₹):
2023 %CAGR (2015-19) %CAGR (2019-23)
₹3,522 1.47% 1.47%
₹5,394 8.80% 14.71%
₹946 9.10% 18.21%
₹9,861 4.98% 9.25%

%CAGR
3.3%
5.3%

₹503,846,000 ₹912,441,600
₹312,732,000 ₹586,569,600
₹52,122,000 ₹130,348,800
Table 1
Industry average revenue / room / night (in ₹):
2015 2019 2023
Occupancy Tariff Value 1 Value 2 Value 3
Food, Beverage & Banquets Value 6 Value 7 Value 8
Others Value 11 Value 12 Value 13
Overall Value 16 Value 17 Value 18

Table 2
BHL profitability driver metrics (in ₹)
2015 2019 %CAGR
Avg. revenue / room / night (in ₹) Value 21 Value 22 Value 23
Avg. expense / room / night (in ₹) Value 24 Value 25 Value 26

Table 3
BHL: Avg. Revenue / Room / Night by revenue stream (in ₹)
2015 2019
Occupancy Tariff Value 27 Value 28
Food, Beverage & Banquets Value 29 Value 30
Others Value 31 Value 32
ht (in ₹):
%CAGR (2015-19) %CAGR (2019-23)
Value 4 Value 5
Value 9 Value 10
Value 14 Value 15
Value 19 Value 20