| Owned and Leased Hotels | Hotel accommodation services across upscale to economy segments | Strong brand presence, diverse portfolio, pan-India reach, quality service reputation | Primarily B2C business and leisure travelers, some B2B for events and conferences | Upscale and upper-midscale brands (Aurika, Lemon Tree Premier) due to premium services | 745 | 58 | Room rentals, food and beverage, event hosting, and hospitality services | Direct sales with competitive pricing across segments | Increasing travel demand, renovations, upscale brand expansion, enhanced customer experience | Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys series |
| Managed and Franchised Hotels | Hotel management and franchise services for third-party owned hotels | Established management expertise, strong brand portfolio, scalable asset-light model | B2B mainly hotel owners and real estate investors | Management contracts yielding recurring fee income with low asset risk | 264 | 21 | Management and franchise fees based on contracts and performance | Fee-based recurring revenue from contracts | Growing hotel ownership outsourcing, brand recognition, and operational expertise | Lemon Tree Hotels, Keys series |
| Subsidiary Operations and Other Services | Hotel acquisitions, operations, and ancillary services related to hospitality | Integrated group structure enabling growth through acquisitions and management services | Internal group operations and external partnerships | Value-added subsidiary operations complementary to core business | 277 | 21 | Rental income, operational profits, service charges from subsidiaries | Operational revenue and intercompany transactions | Strategic acquisitions, integrated hospitality services expansion | Fleur Hotels Limited, Carnation Hotels Private Limited |
